Gaming and Leisure Properties reports Q1 revenue rise

(AsiaGameHub) –   Revenue rose by 6.3 percent compared to the previous year.

US.- Gaming and Leisure Properties (GLPI) has released its financial results for the first quarter ending March 31, 2026. Revenue reached $420 million, marking a 6.3 percent increase year-over-year. Income from operations was $333.3 million, rising from $258.8 million in the same quarter of 2025. Net income stood at $239.4 million, up from $170.4 million, while adjusted EBITDA was $393 million, compared to $360.1 million previously.

As of March 31, GLPI has disbursed $299.6 million in development funding for Bally’s Chicago as part of its $940 million development commitment. The company has also funded $83.6 million of a $110 million delayed draw term loan facility with the Ione Band of Miwok Indians for the tribe’s Acorn Ridge casino development, which launched in February.

Peter Carlino, chairman and chief executive officer of GLPI, stated: “GLPI is currently well-positioned for both near-term and long-term growth. This is supported by our robust operator relationships, our rights and options to engage in select tenants’ future growth and expansion, a solid existing deal pipeline, a healthy broader transaction market, and our capacity to competitively structure and finance innovative deals. Furthermore, the strength of our tenants, alongside our balance sheet and liquidity, enables the company to increase cash flows, sustain dividend growth, and create shareholder value in 2026 and the future.”