{"id":9015,"date":"2025-04-25T00:17:20","date_gmt":"2025-04-25T00:17:20","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2025\/04\/25\/glpi-reports-q1-revenue-of-395-million-and-8-percent-ebitda-growth\/"},"modified":"2025-04-25T00:17:20","modified_gmt":"2025-04-25T00:17:20","slug":"glpi-reports-q1-revenue-of-395-million-and-8-percent-ebitda-growth","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2025\/04\/25\/glpi-reports-q1-revenue-of-395-million-and-8-percent-ebitda-growth\/","title":{"rendered":"GLPI Reports Q1 Revenue of $395 Million and 8 Percent EBITDA Growth"},"content":{"rendered":"<div>\n<p>Gaming and Leisure Properties (GLPI) reported solid operational growth in the first quarter of 2025, with revenue reaching $395.2 million, up 5.1% year-over-year. Adjusted EBITDA climbed 8% to $360.1 million, backed by recent acquisitions and new financing deals. Still, net income slid 5.1%, landing at $170.4 million, due in part to higher interest expenses.<\/p>\n<hr>\n<p><em><strong>Good to know<\/strong><\/em><\/p>\n<ul>\n<li><em><strong>GLPI\u2019s adjusted EBITDA rose 8% in Q1 2025, while revenue reached $395.2 million.<\/strong><\/em><\/li>\n<li><em><strong>Rental income made up most of GLPI\u2019s revenue, totaling over $340 million.<\/strong><\/em><\/li>\n<li><em><strong>Interest expenses rose nearly $11 million, weighing on net income despite solid growth in operations.<\/strong><\/em><\/li>\n<\/ul>\n<hr>\n<p>Chairman and CEO Peter Carlino said the company remains on track for growth through its partnerships and lease agreements. <em>\u201cOur solid first quarter financial results reflect GLPI\u2019s recent acquisitions and financing arrangements, contractual escalators and growing base of leading regional gaming operator tenants, which together are expected to drive growth throughout 2025,\u201d<\/em> he said.<\/p>\n<h2>Rental Income and New Projects Anchor Q1 Results<\/h2>\n<p>GLPI continued expanding its portfolio of deals during the quarter. The company moved forward with funding for Bally\u2019s land-based casino project in Baton Rouge, expected to finish in Q4 2025. Additionally, GLPI renewed two key leases with Boyd Gaming for five more years.<\/p>\n<p>A separate agreement with Penn Entertainment may see GLPI provide up to $150 million for construction at Ameristar Casino in <a href=\"https:\/\/igaming.org\/casino-news\/council-bluffs-to-get-new-hollywood-casino-location\/\">Council Bluffs, Iowa<\/a>. If Penn uses the funding, GLPI will fully own the new Hollywood Casino development on the property.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/betus\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\"><br \/>\n\t\t<amp-img alt=\"BetUS\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/BetUS.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/betus\/\" title=\"BetUS\" target=\"_blank\" rel=\"nofollow\">BetUS<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong><strong>Get 125% \/ $2,500 on 1st deposit!<\/strong><\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus of up to $2,500<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino &#038; Sports<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/betus\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Rental income accounted for $340.3 million of total revenue, a 2.9% increase from last year. The bulk came from GLPI\u2019s leases with Pinnacle Entertainment and Penn Entertainment, which together brought in over $218 million. Another Master Lease signed with Penn in 2023 added $59.7 million more.<\/p>\n<p>GLPI\u2019s total operating expenses for Q1 2025 came in at $258.8 million, slightly higher than the $257.6 million reported in the first quarter of 2024. Interest costs climbed to $97.3 million, up by nearly $11 million from the prior year, and played a role in the drop in net income.<\/p>\n<p>As of March 31, 2025, GLPI\u2019s portfolio included interests in 68 gaming and related facilities, with tenants such as Boyd Gaming, Caesars Entertainment, Penn Entertainment, and Bally\u2019s Corporation.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/q1-2025-glpi-financial-results\/\">GLPI Reports Q1 Revenue of $395 Million and 8 Percent EBITDA Growth<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Gaming and Leisure Properties (GLPI) reported solid operational growth in the first quarter of 2025, with revenue reaching $395.2 million, up 5.1% year-over-year. Adjusted EBITDA climbed 8% to $360.1 million, backed by recent acquisitions and new financing deals. Still, net income slid 5.1%, landing at $170.4 million, due in part to higher interest expenses. Good [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-9015","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/9015","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=9015"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/9015\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=9015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=9015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=9015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}