Gaming and Leisure Properties (GLPI) 10-Q 4 May 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2015	Apr. 30, 2015
Document and Entity Information
Entity Registrant Name	Gaming & Leisure Properties, Inc.
Entity Central Index Key	1575965
Document Type	10-Q
Document Period End Date	31-Mar-15
Amendment Flag	FALSE
Current Fiscal Year End Date	-19
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		115,846,867
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Assets
Real estate investments, net	$2,157,003	$2,180,124
Property and equipment, used in operations, net	136,533	134,028
Cash and cash equivalents	45,367	35,973	48,278	285,221
Prepaid expenses	7,468	7,900
Deferred tax assets, current	1,568	2,015
Other current assets	47,644	45,254
Goodwill	75,521	75,521
Other intangible assets	9,577	9,577
Debt issuance costs, net of accumulated amortization of $11,347 and $9,327 at March 31, 2015 and December 31, 2014, respectively	37,106	39,126
Loan receivable	33,463	34,000
Deferred tax assets, non-current	808	679
Other assets	419	383
Total assets	2,552,477	2,564,580
Liabilities
Accounts payable	3,301	4,409
Accrued expenses	5,756	5,339
Accrued interest	42,431	17,528
Accrued salaries and wages	6,387	12,581
Gaming, property, and other taxes	25,132	22,741
Income taxes	1,572	0
Current maturities of long-term debt	99	81
Other current liabilities	16,237	15,788
Long-term debt, net of current maturities	2,576,364	2,609,406
Deferred tax liabilities, non-current	738	1,443
Total liabilities	2,678,017	2,689,316
Shareholders’ deficit
Common stock ($.01 par value, 550,000,000 shares authorized, 114,213,335 and 112,981,088 shares issued at March 31, 2015 and December 31, 2014, respectively)	1,142	1,130
Additional paid-in capital	903,608	888,860
Retained deficit	-1,030,290	-1,014,726
Total shareholders’ deficit	-125,540	-124,736
Total liabilities and shareholders’ deficit	$2,552,477	$2,564,580

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, except Share data, unless otherwise specified
Statement of Financial Position [Abstract]
Debt issuance costs, accumulated amortization	$11,347	$9,327
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, shares authorized	550,000,000	550,000,000
Common stock, shares issued	114,213,335	112,981,088

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Income (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Revenues
Rental	$111,504	$106,114
Real estate taxes paid by tenants	13,350	11,998
Total rental revenue	124,854	118,112
Gaming	36,379	38,755
Food, beverage and other	2,815	2,831
Total revenues	164,048	159,698
Less promotional allowances	-1,387	-1,370
Net revenues	162,661	158,328
Operating expenses
Gaming	19,016	21,562
Food, beverage and other	2,184	2,546
Real estate taxes	13,755	12,423
General and administrative	21,539	20,941
Depreciation	27,411	26,522
Total operating expenses	83,905	83,994
Income from operations	78,756	74,334
Other income (expenses)
Interest expense	-29,562	-28,974
Interest income	595	546
Total other expenses	-28,967	-28,428
Income before income taxes	49,789	45,906
Income tax expense	2,702	1,594
Net income	$47,087	$44,312
Earnings per common share (in dollars per share)
Basic earnings per common share	$0.41	$0.40
Diluted earnings per common share	$0.40	$0.38
Dividends paid per common share	$0.55	$0.52

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Changes in Shareholders' Equity (Deficit) (USD $)	Total	Common Stock	Additional Paid-In Capital	Retained Deficit
In Thousands, except Share data, unless otherwise specified
Balance at Dec. 31, 2014	($124,736)	$1,130	$888,860	($1,014,726)
Balance (in shares) at Dec. 31, 2014	112,981,088	112,981,088
Increase (Decrease) in Shareholders' Equity
Stock option activity	12,608	11	12,597
Stock option activity (in shares)		1,166,823
Restricted stock activity	2,152	1	2,151
Restricted stock activity (in shares)		65,424
Dividends paid	-62,651	0	0	-62,651
Dividends paid (in shares)		0
Net income	47,087			47,087
Balance at Mar. 31, 2015	($125,540)	$1,142	$903,608	($1,030,290)
Balance (in shares) at Mar. 31, 2015	114,213,335	114,213,335

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Cash Flows (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Operating activities
Net income	$47,087	$44,312
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	27,411	26,522
Amortization of debt issuance costs	2,020	2,007
Losses on dispositions of property	1	158
Deferred income taxes	-386	-898
Stock-based compensation	4,394	1,951
Decrease (increase),
Prepaid expenses and other current assets	838	-5,201
Other assets	0	-273
(Decrease) increase,
Accounts payable	-1,345	43
Accrued expenses	415	-6,788
Accrued interest	24,903	24,814
Accrued salaries and wages	-6,194	-2,202
Gaming, pari-mutuel, property and other taxes	-406	4,975
Income taxes	1,572	-11,367
Other current and noncurrent liabilities	449	1,674
Net cash provided by operating activities	100,759	79,727
Investing activities
Capital project expenditures, net of reimbursements	-5,640	-24,002
Capital maintenance expenditures	-951	-871
Proceeds from sale of property and equipment	5	0
Increase in cash escrow	0	-3,356
Funding of loan receivable	0	-43,000
Principal payments on loan receivable	538	2,000
Acquisition of real estate	0	-140,730
Other investing activities	-36	0
Net cash used in investing activities	-6,084	-209,959
Financing activities
Dividends paid	-62,651	-270,040
Proceeds from exercise of options	10,394	13,321
Proceeds from issuance of long-term debt	0	182,008
Payments of long-term debt	-33,024	-32,000
Net cash used in financing activities	-85,281	-106,711
Net increase (decrease) in cash and cash equivalents	9,394	-236,943
Cash and cash equivalents at beginning of period	35,973	285,221
Cash and cash equivalents at end of period	$45,367	$48,278

Organization_and_Operations

Organization and Operations	3 Months Ended
	Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Operations	Organization and Operations
	Gaming and Leisure Properties, Inc. ("GLPI") is a self-administered and self-managed Pennsylvania real estate investment trust ("REIT"). GLPI (together with its subsidiaries, the "Company") was incorporated on February 13, 2013, as a wholly-owned subsidiary of Penn National Gaming, Inc. ("Penn"). On November 1, 2013, Penn contributed to GLPI, through a series of internal corporate restructurings, substantially all of the assets and liabilities associated with Penn’s real property interests and real estate development business, as well as the assets and liabilities of Hollywood Casino Baton Rouge and Hollywood Casino Perryville, which are referred to as the "TRS Properties," and then spun-off GLPI to holders of Penn's common and preferred stock in a tax-free distribution (the "Spin-Off"). The Company elected on its United States ("U.S.") federal income tax return for its taxable year beginning on January 1, 2014 to be treated as a REIT and the Company, together with an indirectly wholly-owned subsidiary of the Company, GLP Holdings, Inc., jointly elected to treat each of GLP Holdings, Inc., Louisiana Casino Cruises, Inc. and Penn Cecil Maryland, Inc. as a "taxable REIT subsidiary" ("TRS") effective on the first day of the first taxable year of GLPI as a REIT. As a result of the Spin-Off, GLPI owns substantially all of Penn’s former real property assets and leases back most of those assets to Penn for use by its subsidiaries, under a master lease, a "triple-net" operating lease with an initial term of 15 years with no purchase option, followed by four 5 year renewal options (exercisable by Penn) on the same terms and conditions (the "Master Lease"), and GLPI also owns and operates the TRS Properties through an indirect wholly-owned subsidiary, GLP Holdings, Inc.
	GLPI’s primary business consists of acquiring, financing, and owning real estate property to be leased to gaming operators in "triple net" lease arrangements. As of March 31, 2015, GLPI’s portfolio consisted of 21 gaming and related facilities, which included the TRS Properties, the real property associated with 18 gaming and related facilities operated by Penn and the real property associated with the Casino Queen in East St. Louis, Illinois.  These facilities are geographically diversified across 12 states.
	In connection with the Spin-Off, Penn allocated its accumulated earnings and profits (as determined for U.S. federal income tax purposes) for periods prior to the consummation of the Spin-Off between Penn and GLPI. In connection with its election to be taxed as a REIT for U.S. federal income tax purposes, GLPI declared a special dividend to its shareholders to distribute any accumulated earnings and profits relating to the real property assets and attributable to any pre-REIT years, including any earnings and profits allocated to GLPI in connection with the Spin-Off, to comply with certain REIT qualification requirements (the "Purging Distribution"). The Purging Distribution, which was paid on February 18, 2014, totaled approximately $1.05 billion and was comprised of cash and GLPI common stock. Additionally, on December 19, 2014, the Company made a one-time distribution of $37.0 million to shareholders in order to confirm the Company appropriately allocated its historical earnings and profits relative to the separation from Penn, in response to the Pre-Filing Agreement requested from the IRS. See Note 9 for further details.
	The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with U.S. generally accepted accounting principles ("GAAP") for interim financial information and with the instructions for Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete consolidated financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included.
	The condensed consolidated financial statements include the accounts of GLPI and its subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation.
	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses for the reporting periods. Actual results could differ from those estimates.
	Operating results for the three months ended March 31, 2015 are not necessarily indicative of the results that may be expected for the year ending December 31, 2015. The notes to the consolidated financial statements contained in the Annual Report on Form 10-K for the year ended December 31, 2014 (our "Annual Report") should be read in conjunction with these condensed consolidated financial statements.  The December 31, 2014 financial information has been derived from the Company’s audited consolidated financial statements.

New_Accounting_Pronouncements

New Accounting Pronouncements	3 Months Ended
	Mar. 31, 2015
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements
	In April 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2015-05, Intangibles - Goodwill and Other Internal-Use Software (Subtopic 350-40): Customer's Accounting for Fees Paid in a Cloud Computing Arrangement ("ASU 2015-05"). This ASU provides guidance on determining whether a cloud computing arrangement includes a software license, the accounting treatment of such a software license to be consistent with that of other licensed intangible assets, and the treatment of service agreements within cloud computing arrangements as service contracts. ASU 2015-05 is effective for financial statements issued for fiscal years beginning after December 15, 2015 and may be applied on a prospective or retrospective basis. The Company is evaluating the impact of adopting ASU 2015-05 and does not believe its adoption will have a material effect on its financial position or results of operation.
	In April 2015, the FASB issued ASU No. 2015-03, Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs ("ASU 2015-03"). This ASU requires that debt issuance costs related to a recognized debt liability be presented on the balance sheet as a direct reduction from the carrying amount of that debt liability, consistent with the presentation of debt discounts. ASU 2015-03 is effective for financial statements issued for fiscal years beginning after December 15, 2015 and will be applied on a retrospective basis, wherein the balance sheet of each period presented will be adjusted to reflect the period-specific effects of applying the new guidance. Consistent with current guidance, the Company currently recognizes its debt issuance costs as deferred charges or assets on its balance sheet. The Company is evaluating the impact of adopting ASU 2015-03 and does not believe its adoption will have a material effect on its financial position or results of operation, as it believes only a balance sheet reclassification between assets and liabilities will be required upon adoption of the new standard.
	In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) ("ASU 2014-09"). This new standard will replace all current U.S. GAAP guidance on this topic and eliminate all industry-specific guidance. ASU 2014-09 provides a unified model to determine when and how revenue is recognized. The core principle is that a company should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration for which the entity expects to be entitled in exchange for those goods or services. At the April 1, 2015 FASB meeting, the board voted to defer the effective date for the new revenue recognition standard to annual reporting periods beginning after December 15, 2017. The pronouncement was originally effective for annual reporting periods beginning after December 15, 2016, and companies are permitted to elect the adoption of the standard as of the original effective date. When adopted, the new guidance can be applied either retrospectively to each period presented or as a cumulative-effect adjustment as of the date of adoption. The Company is evaluating the impact of adopting this new accounting standard on its financial statements and internal revenue recognition policies.
	In April 2014, the FASB issued ASU 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity ("ASU 2014 -08"). This new standard raises the threshold for a disposal to qualify as a discontinued operation and requires new disclosures for both discontinued operations and certain other disposals that do not meet the definition of a discontinued operation. Under the new guidance, only disposals representing a strategic shift that will have a major effect on operations and financial results should be presented as discontinued operations.  ASU 2014 -08 is effective for fiscal years beginning on or after December 15, 2014. Early adoption is permitted but only for disposals that have not been reported in previously issued financial statements. The impact of the adoption of ASU 2014-08 on the Company’s results of operations, financial position, cash flows and disclosures will be based on the Company’s future disposal activity.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies
	Fair Value of Financial Instruments
	The following methods and assumptions are used to estimate the fair value of each class of financial instruments for which it is practicable to estimate:
	Cash and Cash Equivalents
	The fair value of the Company’s cash and cash equivalents approximates the carrying value of the Company’s cash and cash equivalents, due to the short maturity of the cash equivalents.
	Deferred Compensation Plan Assets and Corresponding Liabilities
	The Company's deferred compensation plan assets consist of open-ended mutual funds and as such the fair value measurement of the assets is considered a Level 1 measurement as defined under Accounting Standards Code ("ASC") 820 "Fair Value Measurements and Disclosures." Deferred compensation plan assets are included within other current assets on the condensed consolidated balance sheets. Deferred compensation liabilities approximate the plan's assets and are included with current liabilities on the condensed consolidated balance sheets. The difference between the Company's deferred compensation plan assets and liabilities at both March 31, 2015 and December 31, 2014 is related to timing differences between the funding of assets held at the plan trustee and the actual contributions from eligible employees' compensation.
	Loan Receivable
	The fair value of the loan receivable approximates the carrying value of the Company's loan receivable, as collection on the outstanding loan balance is reasonably assured.
	Long-term Debt
	The fair value of the senior unsecured notes and senior unsecured credit facility is estimated based on quoted prices in active markets and as such is a Level 1 measurement as defined under Accounting Standards Code ("ASC") 820 "Fair Value Measurements and Disclosures."
	The estimated fair values of the Company’s financial instruments are as follows (in thousands):
		31-Mar-15							31-Dec-14
		Carrying				Fair			Carrying		Fair
		Amount				Value			Amount		Value
	Financial assets:
	Cash and cash equivalents	$	45,367			$	45,367		$	35,973	$	35,973
	Deferred compensation plan assets	14,826				14,826			14,280		14,280
	Loan receivable	33,463				33,463			34,000		34,000
	Financial liabilities:
	Deferred compensation plan liabilities	14,901				14,901			14,369		14,369
	Long-term debt
	Senior unsecured credit facility	525,000				509,250			558,000		535,010
	Senior notes	2,050,000				2,107,025			2,050,000		2,091,000
	Comprehensive Income
	Comprehensive income includes net income and all other non-owner changes in shareholders’ equity during a period. The Company did not have any non-owner changes in shareholders’ equity for the three months ended March 31, 2015 and 2014, and comprehensive income for the three months ended March 31, 2015 and 2014 was equivalent to net income for those time periods.
	Revenue Recognition and Promotional Allowances
	The Company recognizes rental revenue from tenants, including rental abatements, lease incentives and contractually fixed increases attributable to operating leases, on a straight-line basis over the term of the related leases when collectability is reasonably assured. Contingent rental income is recognized once the lessee achieves the specified target. Recognition of rental income commences when control of the facility has been transferred to the tenant.
	As of March 31, 2015, all but one of the Company’s real estate investment properties were leased to a subsidiary of Penn under the Master Lease. The obligations under the Master Lease are guaranteed by Penn and by most Penn subsidiaries that occupy and operate the facilities leased under the Master Lease. A default by Penn or its subsidiaries with regard to any facility will cause a default with regard to the Master Lease. In January 2014, GLPI completed the asset acquisition of Casino Queen in East St. Louis, Illinois. GLPI subsequently leased the property back to Casino Queen on a "triple net" basis on terms similar to those in the Master Lease.
	The rent structure under the Master Lease with Penn includes a fixed component, a portion of which is subject to an annual 2% escalator if certain rent coverage ratio thresholds are met, and a component that is based on the performance of the facilities, which is adjusted, subject to certain floors (i) every five years by an amount equal to 4% of the average change to net revenues of all facilities under the Master Lease (other than Hollywood Casino Columbus and Hollywood Casino Toledo) during the preceding five years, and (ii) monthly by an amount equal to 20% of the change in net revenues of Hollywood Casino Columbus and Hollywood Casino Toledo during the preceding month. In addition to rent, all properties under the Master Lease with Penn are required to pay the following: (1) all facility maintenance, (2) all insurance required in connection with the leased properties and the business conducted on the leased properties, (3) taxes levied on or with respect to the leased properties (other than taxes on the income of the lessor) and (4) all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.
	The rent structure under the Casino Queen lease also includes a fixed component, a portion of which is subject to an annual 2% escalator if certain rent coverage ratio thresholds are met, and a component that is based on the performance of the facility, which is reset every five years to a fixed amount equal to the greater of (i) the annual amount of non-fixed rent applicable for the lease year immediately preceding such rent reset year and (ii) an amount equal to 4% of the average annual net revenues of the facility for the trailing five year period. Similar to Master Lease, the tenant is responsible for all executory charges described in the above paragraph.
	Additionally, in accordance with ASC 605, "Revenue Recognition," the Company records revenue for the real estate taxes paid by its tenants on the leased properties with an offsetting expense in real estate taxes within the consolidated statement of income as the Company has concluded it is the primary obligor.
	Gaming revenue generated by the TRS Properties mainly consists of video lottery gaming revenue, and to a lesser extent, table game and poker revenue. Video lottery gaming revenue is the aggregate net difference between gaming wins and losses with liabilities recognized for funds deposited by customers before gaming play occurs, for "ticket-in, ticket-out" coupons in the customers’ possession, and for accruals related to the anticipated payout of progressive jackpots. Progressive slot machines, which contain base jackpots that increase at a progressive rate based on the number of coins played, are charged to revenue as the amount of the jackpots increases. Table game gaming revenue is the aggregate of table drop adjusted for the change in aggregate table chip inventory. Table drop is the total dollar amount of the currency, coins, chips, tokens, outstanding counter checks (markers), and front money that are removed from the live gaming tables. Additionally, food and beverage revenue is recognized as services are performed.
	The following table discloses the components of gaming revenue within the condensed consolidated statements of income for the three months ended March 31, 2015 and 2014:
		Three Months Ended March 31,
		2015				2014
		(in thousands)
	Video lottery	$	31,241			$	33,381
	Table game	4,810				4,940
	Poker	328				434
	Total gaming revenue, net of cash incentives	$	36,379			$	38,755
	Gaming revenue is recognized net of certain sales incentives in accordance with ASC 605-50, "Revenue Recognition— Customer Payments and Incentives." The Company records certain sales incentives and points earned in point-loyalty programs as a reduction of revenue.
	The retail value of food and beverage and other services furnished to guests without charge is included in gross revenues and then deducted as promotional allowances. The amounts included in promotional allowances for the three months ended March 31, 2015 and 2014 are as follows:
		Three Months Ended March 31,
		2015				2014
		(in thousands)
	Food and beverage	$	1,377			$	1,361
	Other	10				9
	Total promotional allowances	$	1,387			$	1,370
	The estimated cost of providing such complimentary services, which is primarily included in food, beverage, and other expense, for the three months ended March 31, 2015 and 2014 are as follows:
		Three Months Ended March 31,
		2015				2014
		(in thousands)
	Food and beverage	$	596			$	716
	Other	3				3
	Total cost of complimentary services	$	599			$	719
	Gaming and Admission Taxes
	For the TRS Properties, the Company is subject to gaming and admission taxes based on gross gaming revenues in the jurisdictions in which it operates. The Company primarily recognizes gaming tax expense based on the statutorily required percentage of revenue that is required to be paid to state and local jurisdictions in the states where wagering occurs. At Hollywood Casino Baton Rouge, the gaming and admission tax is based on graduated tax rates. At Hollywood Casino Perryville the gaming tax rate is flat. The Company records gaming and admission taxes at the Company’s estimated effective gaming tax rate for the year, considering estimated taxable gaming revenue and the applicable rates. Such estimates are adjusted each interim period. If gaming and admission tax rates change during the year, such changes are applied prospectively in the determination of gaming and admission tax expense in future interim periods.  For the three months ended March 31, 2015 and 2014, these expenses, which are recorded within gaming expense in the condensed consolidated statements of income, totaled $14.9 million and $17.3 million, respectively.
	Earnings Per Share
	The Company calculates earnings per share ("EPS") in accordance with ASC 260, "Earnings Per Share." Basic EPS is computed by dividing net income applicable to common stock by the weighted-average number of common shares outstanding during the period, excluding net income attributable to participating securities (unvested restricted stock awards). Diluted EPS reflects the additional dilution for all potentially-dilutive securities such as stock options, unvested restricted shares and unvested performance-based restricted shares. Diluted EPS for the Company's common stock is computed using the more dilutive of the two-class method or the treasury stock method.
	The following table reconciles the weighted-average common shares outstanding used in the calculation of basic EPS to the weighted-average common shares outstanding used in the calculation of diluted EPS for the three months ended March 31, 2015 and 2014 (in thousands):
		Three Months Ended March 31,
		2015			2014
		(in thousands)
Determination of shares:
Weighted-average common shares outstanding	113,666			111,198
Assumed conversion of dilutive employee stock-based awards	4,232			6,282
Assumed conversion of restricted stock	219			370
Assumed conversion of performance-based restricted stock awards	382			—
Diluted weighted-average common shares outstanding	118,499			117,850
The following table presents the calculation of basic and diluted EPS for the Company’s common stock for the three months ended March 31, 2015 and 2014:
	Three Months Ended March 31,
	2015				2014
	(in thousands, expect per share data)
Calculation of basic EPS:
Net income	$	47,087			$	44,312
Less: Net income allocated to participating securities	(215		)		(175		)
Net income attributable to common shareholders	$	46,872			$	44,137
Weighted-average common shares outstanding	113,666				111,198
Basic EPS	$	0.41			$	0.4
Calculation of diluted EPS:
Net income	$	47,087			$	44,312
Diluted weighted-average common shares outstanding	118,499				117,850
Diluted EPS	$	0.4			$	0.38
Options to purchase 15,529 shares were outstanding during the three months ended March 31, 2015 but were not included in the computation of diluted EPS because of being antidilutive.  There were no outstanding options to purchase shares of common stock during the three months ended March 31, 2014 that were not included in the computation of diluted EPS because of being antidilutive.
Stock-Based Compensation
The Company accounts for stock compensation under ASC 718, "Compensation - Stock Compensation," which requires the Company to expense the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award. This expense is recognized ratably over the requisite service period following the date of grant. The fair value for stock options is estimated at the date of grant using the Black-Scholes option-pricing model. The fair value of the Company's time-based restricted stock awards is equivalent to the closing stock price on the day of grant. The Company utilizes a third party valuation firm to measure the fair value of performance-based restricted stock awards at grant date using the Monte Carlo model.
Additionally, the cash-settled phantom stock units ("PSU") entitle employees to receive cash based on the fair value of the Company’s common stock on the vesting date. These PSUs are accounted for as liability awards and are re-measured at fair value each reporting period until they become vested with compensation expense being recognized over the requisite service period in accordance with ASC 718-30, "Compensation-Stock Compensation, Awards Classified as Liabilities."
In addition, the Company’s stock appreciation rights ("SAR") are accounted for as liability awards. The fair value of these awards is calculated during each reporting period and estimated using the Black-Scholes option-pricing model.
In connection with the Spin-Off, each outstanding option and cash settled SAR with respect to Penn common stock outstanding on the distribution date was converted into two awards, an adjusted Penn option and a GLPI option, or, in the case of the SARs, an adjusted Penn SAR and a GLPI SAR. The adjustment preserved the aggregate intrinsic value of the options and SARs. Additionally, in connection with the Spin-Off, holders of outstanding restricted stock and PSUs with respect to Penn common stock became entitled to an additional share of restricted stock or PSU with respect to GLPI common stock for each share of Penn restricted stock or PSU held.
The adjusted options and SARs, as well as the restricted stock awards and PSUs, otherwise remain subject to their original terms, except that for purposes of the adjusted Penn awards (including in determining exercisability and the post-termination exercise period), continued service with GLPI following the distribution date shall be deemed continued service with Penn; and for purposes of the GLPI awards (including in determining exercisability and the post-termination exercise period), continued service with Penn following the distribution date shall be deemed continued service with GLPI.
The unrecognized compensation relating to both Penn and GLPI’s stock options, SARs, restricted stock awards, performance-based restricted stock awards and PSUs held by GLPI employees will be amortized to expense over the awards’ remaining vesting periods.
As of March 31, 2015, there was $1.9 million of total unrecognized compensation cost for stock options that will be recognized over the grants remaining weighted average vesting period of 0.76 years. For the three months ended March 31, 2015 and 2014, the Company recognized $0.7 million and $1.4 million, respectively, of compensation expense associated with these awards. In addition, the Company also recognized $2.9 million and $3.3 million of compensation expense for the three months ended March 31, 2015 and 2014, respectively, relating to each of the first quarter $0.55 and $0.52, respectively, per share dividends paid on vested employee stock options.
As of March 31, 2015, there was $12.8 million of total unrecognized compensation cost for restricted stock awards that will be recognized over the grants remaining weighted average vesting period of 2.26 years. For the three months ended March 31, 2015 and 2014, the Company recognized $1.4 million and $0.6 million, respectively, of compensation expense associated with these awards.
The following table contains information on restricted stock award activity for the three months ended March 31, 2015.
	Number of Award
	Shares
Outstanding at December 31, 2014	468,841
Granted	163,783
Released	(107,152	)
Canceled	(5,028	)
Outstanding at March 31, 2015	520,444
Performance-based restricted stock awards have a three year cliff vesting with the amount of restricted shares vesting at the end of the three-year period determined based on the Company’s performance as measured against its peers.  More specifically, the percentage of shares vesting at the end of the measurement period will be based on the Company’s three-year total shareholder return measured against the three-year return of the companies included in the MSCI US REIT index.  As of March 31, 2015, there was $16.9 million of total unrecognized compensation cost, which will be recognized over the awards remaining weighted average vesting period of 2.28 years for performance-based restricted stock awards.  For the three months ended March 31, 2015, the Company recognized $2.2 million of compensation expense associated with these awards.
The following table contains information on performance-based restricted stock award activity for the three months ended March 31, 2015.
	Number of  Performance-Based Award Shares
Outstanding at December 31, 2014	543,556
Granted	548,000
Released	—
Canceled	—
Outstanding at March 31, 2015	1,091,556
As of March 31, 2015, there was $5.1 million of total unrecognized compensation cost, which will be recognized over the awards remaining weighted average vesting period of 1.71 years, for Penn and GLPI PSUs held by GLPI employees that will be cash-settled by GLPI. For the three months ended March 31, 2015 and 2014, the Company recognized $1.8 million and $0.4 million, respectively of compensation expense associated with these awards. In addition, the Company also recognized $0.1 million for the three months ended March 31, 2015, relating to the first quarter $0.55 per share dividends paid on unvested PSUs and $0.4 million for the three months ended March 31, 2014, relating to the purging distribution dividend and the first quarter $0.52 per share dividends paid on unvested PSUs.
As of March 31, 2015, there was $0.1 million of total unrecognized compensation cost, which will be recognized over the grants remaining weighted average vesting period of 1.23 years, for Penn and GLPI SARs held by GLPI employees that will be cash-settled by GLPI. For the three months ended March 31, 2015 and 2014, the Company recognized $6 thousand and $21 thousand, respectively, of compensation expense associated with these awards.
Upon the declaration of the Purging Distribution, GLPI options and GLPI SARs were adjusted in a manner that preserved both the pre-distribution intrinsic value of the options and SARs and the pre-distribution ratio of the stock price to exercise price that existed immediately before the Purging Distribution. Additionally, upon declaration of the Purging Distribution, holders of GLPI PSUs were credited with the special dividend, which will accrue and be paid, if applicable, on the vesting date of the related PSU. Holders of GLPI restricted stock were entitled to receive the special dividend with respect to such restricted stock on the same date or dates that the special dividend was payable on GLPI common stock to shareholders of GLPI generally.
Segment Information
Consistent with how the Company’s Chief Operating Decision Maker reviews and assesses the Company’s financial performance, the Company has two reportable segments, GLP Capital, L.P. (a wholly-owned subsidiary of GLPI through which GLPI owns substantially all of its assets) ("GLP Capital") and the TRS Properties. The GLP Capital reportable segment consists of the leased real property and represents the majority of the Company’s business. The TRS Properties reportable segment consists of Hollywood Casino Perryville and Hollywood Casino Baton Rouge. See Note 10 for further information with respect to the Company’s segments.

Acquisitions

Acquisitions	3 Months Ended
	Mar. 31, 2015
Business Combinations [Abstract]
Acquisitions	Acquisitions
	In January 2014, the Company completed the asset acquisition of the real property associated with the Casino Queen in East St. Louis, Illinois for $140.7 million, including transaction fees of $0.7 million.  Simultaneously with the acquisition, GLPI also provided Casino Queen with a $43 million, five year term loan at 7% interest, pre-payable at any time, which, together with the sale proceeds, completely refinanced and retired all of Casino Queen’s outstanding long-term debt obligations. As of March 31, 2015, principal and interest payments reduced the balance of this loan to $33.5 million. Commencing on March 31, 2015, Casino Queen is obligated to make mandatory principal payments on the loan on the last day of each calendar year quarter equal to 1.25% of the original loan balance. The collectability of the remaining loan balance is reasonably assured, and it is recorded at carrying value which approximates fair value. Interest income related to the loan is recorded in interest income within the Company's consolidated statement of income in the period of receipt. GLPI leased the property back to Casino Queen on a "triple net" basis on terms similar to those in the Master Lease, resulting in approximately $14 million in annual rent. The lease has an initial term of 15 years, and the tenant has an option to renew it at the same terms and conditions for four successive five year periods.

Real_Estate_Investments

Real Estate Investments	3 Months Ended
	Mar. 31, 2015
Real Estate [Abstract]
Real Estate Investments	Real Estate Investments
	Real estate investments, net, represents investments in 19 rental properties and the corporate headquarters building and is summarized as follows:
		March 31,			December 31,
		2015			2014
		(in thousands)
	Land and improvements	$	454,181		$	454,181
	Building and improvements	2,288,664			2,288,664
	Construction in progress	3,381			2,576
	Total real estate investments	2,746,226			2,745,421
	Less accumulated depreciation	(589,223		)	(565,297		)
	Real estate investments, net	$	2,157,003		$	2,180,124

Property_and_Equipment_Used_in

Property and Equipment Used in Operations	3 Months Ended
	Mar. 31, 2015
Property, Plant and Equipment [Abstract]
Property and Equipment Used in Operations	Property and Equipment Used in Operations
	Property and equipment used in operations, net, consists of the following and primarily represents the assets utilized in the TRS:
		March 31,			December 31,
		2015			2014
		(in thousands)
	Land and improvements	$	31,595		$	31,595
	Building and improvements	116,867			116,867
	Furniture, fixtures, and equipment	103,782			103,612
	Construction in progress	6,455			724
	Total property and equipment	258,699			252,798
	Less accumulated depreciation	(122,166		)	(118,770		)
	Property and equipment, net	$	136,533		$	134,028
	The increase in construction in progress is primarily due to the purchase of slot machines at Hollywood Casino Perryville, totaling approximately $5.0 million for the three months ended March 31, 2015.

Longterm_Debt

Long-term Debt	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Long-term Debt	Long-term Debt
	Long-term debt is as follows:
		March 31,			December 31,
		2015			2014
		(in thousands)
	Senior unsecured credit facility	$	525,000		$	558,000
	$550 million 4.375% senior unsecured notes due November 2018	550,000			550,000
	$1,000 million 4.875% senior unsecured notes due November 2020	1,000,000			1,000,000
	$500 million 5.375% senior unsecured notes due November 2023	500,000			500,000
	Capital lease	$	1,463		$	1,487
	Total long-term debt	$	2,576,463		$	2,609,487
	Less current maturities of long-term debt	$	(99	)	$	(81	)
	Long-term debt, net of current maturities	$	2,576,364		$	2,609,406
	The following is a schedule of future minimum repayments of long-term debt as of March 31, 2015 (in thousands):
	Within one year	$	99
	2-3 years	212
	4-5 years	1,075,233
	Over 5 years	1,500,919
	Total minimum payments	$	2,576,463
	Senior Unsecured Credit Facility
	The Company participates in a one billion senior unsecured credit facility (the "Credit Facility"), consisting of a $700 million revolving credit facility and a $300 million Term Loan A facility. The Credit Facility matures on October 28, 2018. At March 31, 2015, the Credit Facility had a gross outstanding balance of $525 million, consisting of the $300 million Term Loan A facility and $225 million of borrowings under the revolving credit facility. Additionally, at March 31, 2015, the Company was contingently obligated under letters of credit issued pursuant to the senior unsecured credit facility with face amounts aggregating approximately $0.9 million, resulting in $474.1 million of available borrowing capacity under the revolving credit facility as of March 31, 2015.
	The Credit Facility contains customary covenants that, among other things, restrict, subject to certain exceptions, the ability of GLPI and its subsidiaries, to grant liens on their assets, incur indebtedness, sell assets, make investments, engage in acquisitions, mergers or consolidations or pay certain dividends and other restricted payments. The Credit Facility contains the following financial covenants, which are measured quarterly on a trailing four-quarter basis: a maximum total debt to total asset value ratio, a maximum senior secured debt to total asset value ratio, a maximum ratio of certain recourse debt to unencumbered asset value and a minimum fixed charge coverage ratio. In addition, GLPI is required to maintain a minimum tangible net worth. GLPI is required to maintain its status as a REIT on and after the effective date of its election to be treated as a REIT, which the Company elected on its 2014 U.S. federal income tax return. GLPI is permitted to pay dividends to its shareholders as may be required in order to maintain REIT status, subject to the absence of payment or bankruptcy defaults. GLPI is also permitted to make other dividends and distributions subject to pro forma compliance with the financial covenants and the absence of defaults. The Credit Facility also contains certain customary affirmative covenants and events of default. Such events of default include the occurrence of a change of control and termination of the Master Lease (subject to certain replacement rights). The occurrence and continuance of an event of default under the Credit Facility will enable the lenders under the Credit Facility to accelerate the loans, and terminate the commitments, thereunder. At March 31, 2015, the Company was in compliance with all required covenants under the Credit Facility.
	Senior Unsecured Notes
	Each of the 4.375% Senior Unsecured Notes due 2018 (the "2018 Notes"); 4.875% Senior Unsecured Notes due 2020 (the "2020 Notes"); and 5.375% Senior Unsecured Notes due 2023 (the "2023 Notes," and collectively with the 2018 Notes and 2020 Notes, the "Notes") contains covenants limiting the Company’s ability to: incur additional debt and use their assets to secure debt; merge or consolidate with another company; and make certain amendments to the Master Lease. The Notes also require the Company to maintain a specified ratio of unencumbered assets to unsecured debt. These covenants are subject to a number of important and significant limitations, qualifications and exceptions.
	At March 31, 2015, the Company was in compliance with all required covenants under the Notes.
	Capital Lease
	The Company assumed the capital lease obligation related to certain assets at its Aurora, Illinois property. GLPI recorded the asset and liability associated with the capital lease on its balance sheet. The original term of the capital lease was 30 years and it will terminate in 2026.

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies
	Litigation
	On May 14, 2014, the Company announced that it entered into an agreement with CCR to acquire The Meadows Racetrack and Casino located in Washington, Pennsylvania, a suburb of Pittsburgh, Pennsylvania.  The agreement provides that closing of the acquisition is subject to, among other things, the accuracy of CCR’s representations and its compliance with the covenants set forth in the agreement, as well as the approval of the Pennsylvania Gaming Control Board and Pennsylvania Racing Commission.  On October 27, 2014, the Company filed a lawsuit in the Southern District of New York against CCR alleging, among other things, fraud, breach of the agreement and breach of the related consulting agreement entered into at the same time. The lawsuit was subsequently re-filed in New York state court on January 7, 2015 for procedural reasons. The Company asserts claims that CCR has breached the agreements, with the Company seeking return of $10 million paid pursuant to a related consulting agreement and an unspecified amount of additional damages.  The Company further seeks a declaration that a material adverse effect has occurred that excuses CCR from consummating the agreement.  The Company will further evaluate and consider all other remedies available to it, including termination of the agreements.
	Although the Company intends to pursue its claims vigorously, there can be no assurances that the Company will prevail on any of the claims in the action, or, if the Company does prevail on one or more of the claims, of the amount of recovery that may be awarded to the Company for such claim(s). In addition, the timing and resolution of the claims set forth in the lawsuit are unpredictable and the Company is not able to currently predict any effect this suit may have on closing of the transaction.
	Pursuant to a Separation and Distribution Agreement between Penn and GLPI, any liability arising from or relating to legal proceedings involving the businesses and operations of Penn’s real property holdings prior to the Spin-Off (other than any liability arising from or relating to legal proceedings where the dispute arises from the operation or ownership of the TRS Properties) will be retained by Penn and Penn will indemnify GLPI (and its subsidiaries, directors, officers, employees and agents and certain other related parties) against any losses it may incur arising from or relating to such legal proceedings. There can be no assurance that Penn will be able to fully satisfy its indemnification obligations. Moreover, even if we ultimately succeed in recovering from Penn any amounts for which we are liable, we may be temporarily required to bear those losses.
	The Company is subject to various legal and administrative proceedings relating to personal injuries, employment matters, commercial transactions, and other matters arising in the normal course of business. The Company does not believe that the final outcome of these matters will have a material adverse effect on the Company’s consolidated financial position or results of operations. In addition, the Company maintains what it believes is adequate insurance coverage to further mitigate the risks of such proceedings. However, such proceedings can be costly, time consuming, and unpredictable and, therefore, no assurance can be given that the final outcome of such proceedings may not materially impact the Company’s financial condition or results of operations. Further, no assurance can be given that the amount or scope of existing insurance coverage will be sufficient to cover losses arising from such matters.

Dividends

Dividends	3 Months Ended
	Mar. 31, 2015
Equity [Abstract]
Dividends	Dividends
	On February 3, 2015, the Company’s Board of Directors declared the first quarterly dividend of 2015 of $0.545 per common share, which was paid on March 27, 2015, in the amount of $62.1 million, to shareholders of record on March 10, 2015. In addition, first quarter dividend payments were made to GLPI restricted stock award holders and for both GLPI and Penn unvested employee stock options in the amount of $0.6 million.
	On February 18, 2014, the Company’s Board of Directors declared the first quarterly dividend of 2014 of $0.52 per common share, which was paid on March 28, 2014, in the amount of $58.0 million, to shareholders of record on March 7, 2014. In addition, first quarter dividend payments were made to GLPI restricted stock award holders and for both GLPI and Penn unvested employee stock options in the amount of $1.0 million.
	Additionally, on February 18, 2014, GLPI made the Purging Distribution, which totaled $1.05 billion and was comprised of cash and GLPI common stock, to distribute the accumulated earnings and profits related to the real property assets and attributable to any pre-REIT years, including any earnings and profits allocated to GLPI in connection with the Spin-Off. Shareholders were given the option to elect either an all-cash or all-stock dividend, subject to a total cash limitation of $210.0 million. Of the 88,691,827 shares of common stock outstanding on the record date, approximately 54.3% elected the cash distribution and approximately 45.7% elected a stock distribution or made no election. Shareholders electing cash received $4.358049 plus 0.195747 additional GLPI shares per common share held on the record date. Shareholders electing stock or not making an election received 0.309784 additional GLPI shares per common share held on the record date. Stock dividends were paid based on the volume weighted average price for the three trading days ended February 13, 2014 of $38.2162 per share. Approximately 22.0 million shares were issued in connection with this dividend payment.  In addition, cash distributions were made to GLPI and Penn employee restricted stock award holders in the amount of $1.0 million for the purging distribution.
	Additionally, on December 19, 2014, the Company made a one-time distribution of $37.0 million to shareholders in order to confirm the Company appropriately allocated its historical earnings and profits relative to the separation from Penn, in response to the Pre-Filing Agreement requested from the IRS. In addition, cash distributions were made to GLPI restricted stock award holders and for both GLPI and for Penn unvested employee stock options in the amount of $0.7 million for this one-time distribution.

Segment_Information

Segment Information	3 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
Segment Information	Segment Information
	The following tables present certain information with respect to the Company’s segments. Intersegment revenues between the Company’s segments were not material in any of the periods presented below.
		Three Months Ended March 31, 2015									Three Months Ended March 31, 2014
	(in thousands)	GLP Capital		TRS Properties		Eliminations (1)			Total		GLP Capital		TRS Properties		Eliminations (1)			Total
	Net revenues	$	124,854	$	37,807	$	—		$	162,661	$	118,112	$	40,216	$	—		$	158,328
	Income from operations	71,556		7,200		—			78,756		67,871		6,463		—			74,334
	Interest, net	28,968		2,600		(2,601		)	28,967		28,428		2,601		(2,601		)	28,428
	Income before income taxes	45,189		4,600		—			49,789		42,044		3,862		—			45,906
	Income tax expense	810		1,892		—			2,702		—		1,594		—			1,594
	Net income	44,379		2,708		—			47,087		42,044		2,268		—			44,312
	Depreciation	24,393		3,018		—			27,411		23,441		3,081		—			26,522
	Capital project expenditures, net of reimbursements	609		5,031		—			5,640		24,002		—		—			24,002
	Capital maintenance expenditures	—		951		—			951		—		871		—			871
	(1)              Amounts in the "Eliminations" column represent the elimination of intercompany interest payments from the Company’s TRS Properties business segment to its GLP Capital business segment.

Supplemental_Disclosures_of_Ca

Supplemental Disclosures of Cash Flow Information	3 Months Ended
	Mar. 31, 2015
Supplemental Cash Flow Elements [Abstract]
Supplemental Disclosures of Cash Flow Information	Supplemental Disclosures of Cash Flow Information
	There was no cash paid for income taxes for the three months ended March 31, 2015 and $13.8 million paid for the three months ended March 31, 2014, primarily for 2013 extension payments while GLPI was still a corporation. Cash paid for interest was $2.6 million and $2.1 million for the three months ended March 31, 2015 and 2014, respectively.

Related_Party_Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2015
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions
	During the year ended December 31, 2014, the Company entered into an Agreement of Sale (the "Sale Agreement") with Wyomissing Professional Center Inc. ("WPC") and acquired certain land in an office complex known as The Wyomissing Professional Center Campus, located in Wyomissing, Pennsylvania. The Company subsequently paid $39,000 to WPC during the three months ended March 31, 2015 in connection with numerous construction costs WPC paid on the Company's behalf.
	In connection with completion of construction of the building in The Wyomissing Professional Center Campus, the Company entered into an agreement (the "Construction Management Agreement") with CB Consulting Group LLC (the "Construction Manager"). Pursuant to the Construction Management Agreement, the Construction Manager will, among other things, provide certain construction management services to the Company in exchange for three percent (3%) of the total cost of work to complete the building construction project, and certain additional costs for added services. During the three months ended March 31, 2015, the Company made no payments to the Construction Manager.
	Peter M. Carlino, the Company’s Chairman of the Board of Directors and Chief Executive Officer, is also the sole owner of WPC. In addition, Mr. Carlino’s son owns a material interest in the Construction Manager.

Supplementary_Condensed_Consol

Supplementary Condensed Consolidating Financial Information of Parent Guarantor and Subsidiary Issuers	3 Months Ended
	Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Supplementary Condensed Consolidating Financial Information of Parent Guarantor and Subsidiary Issuers	Supplementary Condensed Consolidating Financial Information of Parent Guarantor and Subsidiary Issuers
	GLPI guarantees the Notes issued by its subsidiaries, GLP Capital, L.P. and GLP Financing II, Inc. Each of the subsidiary issuers is 100% owned by GLPI. The guarantees of GLPI are full and unconditional. GLPI is not subject to any material or significant restrictions on its ability to obtain funds from its subsidiaries by dividend or loan or to transfer assets from such subsidiaries, except as provided by applicable law. No subsidiaries of GLPI guarantee the Notes.
	Summarized financial information as of March 31, 2015 and December 31, 2014 and for the three months ended March 31, 2015 and 2014 for GLPI as the parent guarantor, for GLP Capital, L.P. and GLP Financing II, Inc. as the subsidiary issuers and the other subsidiary non-issuers is presented below. In preparation for the Company's potential use of an UPREIT structure, on January 1, 2015, all employees and associated assets and liabilities were transferred from GLPI to GLP Capital, L.P.
	At March 31, 2015	Parent			Subsidiary			Other			Eliminations			Consolidated
	Condensed Consolidating Balance Sheet	Guarantor			Issuers			Subsidiary
								Non-Issuers
		(in thousands)
	Assets
	Real estate investments, net	$	—		$	2,019,952		$	137,051		$	—		$	2,157,003
	Property and equipment, used in operations, net	—			24,775			111,758			—			136,533
	Cash and cash equivalents	—			20,020			25,347			—			45,367
	Prepaid expenses	—			4,408			3,060			—			7,468
	Deferred tax assets, current	—			—			1,568			—			1,568
	Other current assets	—			44,115			3,529			—			47,644
	Goodwill	—			—			75,521			—			75,521
	Other intangible assets	—			—			9,577			—			9,577
	Debt issuance costs, net of accumulated amortization of $11,347 at March 31, 2015	—			37,106			—			—			37,106
	Loan receivable	—			—			33,463			—			33,463
	Intercompany loan receivable	—			193,595			—			(193,595		)	—
	Intercompany transactions and investment in subsidiaries	(125,540		)	194,180			85,370			(154,010		)	—
	Deferred tax assets, non-current	—			—			808			—			808
	Other assets	—			292			127			—			419
	Total assets	$	(125,540	)	$	2,538,443		$	487,179		$	(347,605	)	$	2,552,477
	Liabilities
	Accounts payable	$	—		$	2,636		$	665		$	—		$	3,301
	Accrued expenses	—			1,041			4,715			—			5,756
	Accrued interest	—			42,431			—			—			42,431
	Accrued salaries and wages	—			4,283			2,104			—			6,387
	Gaming, property, and other taxes	—			21,548			3,584			—			25,132
	Income taxes	—			682			890			—			1,572
	Current maturities of long-term debt	—			99			—			—			99
	Other current liabilities	—			14,901			1,336			—			16,237
	Long-term debt, net of current maturities	—			2,576,364			—			—			2,576,364
	Intercompany loan payable	—			—			193,595			(193,595		)	—
	Deferred tax liabilities, non-current	—			—			738			—			738
	Total liabilities	—			2,663,985			207,627			(193,595		)	2,678,017
	Shareholders’ (deficit) equity
	Common stock ($.01 par value, 550,000,000 shares authorized, 114,213,335 shares issued at March 31, 2015	1,142			1,142			1,142			(2,284		)	1,142
	Additional paid-in capital	903,608			903,608			1,056,445			(1,960,053		)	903,608
	Retained (deficit) earnings	(1,030,290		)	(1,030,292		)	(778,035		)	1,808,327			(1,030,290		)
	Total shareholders’ (deficit) equity	(125,540		)	(125,542		)	279,552			(154,010		)	(125,540		)
	Total liabilities and shareholders’ (deficit) equity	$	(125,540	)	$	2,538,443		$	487,179		$	(347,605	)	$	2,552,477
	Three months ended March 31, 2015	Parent			Subsidiary			Other			Eliminations			Consolidated
	Condensed Consolidating Statement of Operations	Guarantor			Issuers			Subsidiary
								Non-Issuers
		(in thousands)
	Revenues
	Rental	$	—		$	108,004		$	3,500		$	—		$	111,504
	Real estate taxes paid by tenants	—			12,827			523			—			13,350
	Total rental revenue	—			120,831			4,023			—			124,854
	Gaming	—			—			36,379			—			36,379
	Food, beverage and other	—			—			2,815			—			2,815
	Total revenues	—			120,831			43,217			—			164,048
	Less promotional allowances	—			—			(1,387		)	—			(1,387		)
	Net revenues	—			120,831			41,830			—			162,661
	Operating expenses
	Gaming	—			—			19,016			—			19,016
	Food, beverage and other	—			—			2,184			—			2,184
	Real estate taxes	—			12,827			928			—			13,755
	General and administrative	—			15,556			5,983			—			21,539
	Depreciation	—			23,632			3,779			—			27,411
	Total operating expenses	—			52,015			31,890			—			83,905
	Income from operations	—			68,816			9,940			—			78,756
	Other income (expenses)
Interest expense	—			(29,562		)	—			—			(29,562		)
Interest income	—			10			585			—			595
Intercompany dividends and interest	—			10,086			400			(10,486		)	—
Total other expenses	—			(19,466		)	985			(10,486		)	(28,967		)
Income before income taxes	—			49,350			10,925			(10,486		)	49,789
Income tax expense	—			810			1,892			—			2,702
Net income	$	—		$	48,540		$	9,033		$	(10,486	)	$	47,087
Three months ended March 31, 2015	Parent			Subsidiary			Other			Eliminations			Consolidated
Condensed Consolidating Statement of Cash Flows	Guarantor			Issuers			Subsidiary
							Non-Issuers
	(in thousands)
Operating activities
Net income	$	—		$	48,540		$	9,033		$	(10,486	)	$	47,087
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation	—			23,632			3,779			—			27,411
Amortization of debt issuance costs	—			2,020			—			—			2,020
Losses on dispositions of property	—			—			1			—			1
Deferred income taxes	—			—			(386		)	—			(386		)
Stock-based compensation	—			4,394			—			—			4,394
(Increase) decrease,
Prepaid expenses and other current assets	—			(593		)	1,431			—			838
Other assets	—			—			—			—			—
Intercompany	—			2,365			(2,365		)	—			—
Increase (decrease),
Accounts payable	—			(1,800		)	455			—			(1,345		)
Accrued expenses	—			408			7			—			415
Accrued interest	—			24,903			—			—			24,903
Accrued salaries and wages	—			(5,730		)	(464		)	—			(6,194		)
Gaming, pari-mutuel, property and other taxes	—			(613		)	207			—			(406		)
Income taxes	—			847			725			—			1,572
Other current and noncurrent liabilities	—			532			(83		)	—			449
Net cash provided by (used in) operating activities	—			98,905			12,340			(10,486		)	100,759
Investing activities
Capital project expenditures, net of reimbursements	—			(609		)	(5,031		)	—			(5,640		)
Capital maintenance expenditures	—			—			(951		)	—			(951		)
Proceeds from sale of property and equipment	—			—			5			—			5
Funding of loan receivable	—			—			—			—			—
Principal payments on loan receivable	—			—			538			—			538
Acquisition of real estate	—			—			—			—			—
Other investing activities	—			(36		)	—			—			(36		)
Net cash used in investing activities	—			(645		)	(5,439		)	—			(6,084		)
Financing activities
Dividends paid	(62,651		)	—			—			—			(62,651		)
Proceeds from exercise of options	10,394			—			—			—			10,394
Proceeds from issuance of long-term debt	—			—			—			—			—
Financing costs	—			—			—			—			—
Payments of long-term debt	—			(33,024		)	—			—			(33,024		)
Intercompany financing	49,614			(49,666		)	(10,434		)	10,486			—
Net cash (used in) provided by financing activities	(2,643		)	(82,690		)	(10,434		)	10,486			(85,281		)
Net (decrease) increase in cash and cash equivalents	(2,643		)	15,570			(3,533		)	—			9,394
Cash and cash equivalents at beginning of period	2,643			4,450			28,880			—			35,973
Cash and cash equivalents at end of period	$	—		$	20,020		$	25,347		$	—		$	45,367
At December 31, 2014	Parent			Subsidiary			Other			Eliminations			Consolidated
Condensed Consolidating Balance Sheet	Guarantor			Issuers			Subsidiary
							Non-Issuers
	(in thousands)
Assets
Real estate investments, net	$	—		$	2,042,311		$	137,813		$	—		$	2,180,124
Property and equipment, used in operations, net	25,228			—			108,800			—			134,028
Cash and cash equivalents	2,643			4,450			28,880			—			35,973
Prepaid expenses	1,096			2,196			3,110			1,498			7,900
Deferred tax assets, current	—			—			2,015			—			2,015
Other current assets	14,947			27,417			2,890			—			45,254
Goodwill	—			—			75,521			—			75,521
Other intangible assets	—			—			9,577			—			9,577
Debt issuance costs, net of accumulated amortization of $9,327 at December 31, 2014	—			39,126			—			—			39,126
Loan receivable	—			—			34,000			—			34,000
Intercompany loan receivable	—			193,595			—			(193,595		)	—
Intercompany transactions and investment in subsidiaries	(138,987		)	195,092			65,255			(121,360		)	—
Deferred tax assets, non-current	—			—			679			—			679
Other assets	256			—			127			—			383
Total assets	$	(94,817	)	$	2,504,187		$	468,667		$	(313,457	)	$	2,564,580
Liabilities
Accounts payable	$	4,011		$	188		$	210		$	—		$	4,409
Accrued expenses	514			119			4,706			—			5,339
Accrued interest	—			17,528			—			—			17,528
Accrued salaries and wages	10,013			—			2,568			—			12,581
Gaming, property, and other taxes	1,012			18,874			2,855			—			22,741
Income taxes	—			(165		)	(1,333		)	1,498			—
Current maturities of long-term debt	—			81			—			—			81
Other current liabilities	14,369			—			1,419			—			15,788
Long-term debt, net of current maturities	—			2,609,406			—			—			2,609,406
Intercompany loan payable	—			—			193,595			(193,595		)	—
Deferred tax liabilities, non-current	—			—			1,443			—			1,443
Total liabilities	29,919			2,646,031			205,463			(192,097		)	2,689,316
Shareholders’ (deficit) equity
Common stock ($.01 par value, 550,000,000 shares authorized, 112,981,088 shares issued at December 31, 2014	1,130			—			—			—			1,130
Additional paid-in capital	888,860			139,811			292,547			(432,358		)	888,860
Retained (deficit) earnings	(1,014,726		)	(281,655		)	(29,343		)	310,998			(1,014,726		)
Total shareholders’ (deficit) equity	(124,736		)	(141,844		)	263,204			(121,360		)	(124,736		)
Total liabilities and shareholders’ (deficit) equity	$	(94,817	)	$	2,504,187		$	468,667		$	(313,457	)	$	2,564,580
Three months ended March 31, 2014	Parent			Subsidiary			Other			Eliminations			Consolidated
Condensed Consolidating Statement of Operations	Guarantor			Issuers			Subsidiary
							Non-
							Issuers
	(in thousands)
Revenues
Rental	$	—		$	103,442		$	2,672		$	—		$	106,114
Real estate taxes paid by tenants	—			11,629			369			—			11,998
Total rental revenue	—			115,071			3,041			—			118,112
Gaming	—			—			38,755			—			38,755
Food, beverage and other	—			—			2,831			—			2,831
Total revenues	—			115,071			44,627			—			159,698
Less promotional allowances	—			—			(1,370		)	—			(1,370		)
Net revenues	—			115,071			43,257			—			158,328
Operating expenses
Gaming	—			—			21,562			—			21,562
Food, beverage and other	—			—			2,546			—			2,546
Real estate taxes	—			11,629			794			—			12,423
General and administrative	14,084			718			6,139			—			20,941
Depreciation	439			22,283			3,800			—			26,522
Total operating expenses	14,523			34,630			34,841			—			83,994
Income from operations	(14,523		)	80,441			8,416			—			74,334
Other income (expenses)
Interest expense	—			(28,974		)	—			—			(28,974		)
Interest income	—			—			546			—			546
Intercompany dividends and interest	275,012			8,986			277,004			(561,002		)	—
Total other expenses	275,012			(19,988		)	277,550			(561,002		)	(28,428		)
Income before income taxes	260,489			60,453			285,966			(561,002		)	45,906
Income tax expense	—			—			1,594			—			1,594
Net income	$	260,489		$	60,453		$	284,372		$	(561,002	)	$	44,312
Three months ended March 31, 2014	Parent			Subsidiary			Other			Eliminations			Consolidated
Condensed Consolidating Statement of Cash Flows	Guarantor			Issuers			Subsidiary
							Non-Issuers
	(in thousands)
Operating activities
Net income	$	260,489		$	60,453		$	284,372		$	(561,002	)	$	44,312
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation	439			22,283			3,800			—			26,522
Amortization of debt issuance costs	—			2,007			—			—			2,007
Losses on dispositions of property	—			—			158			—			158
Deferred income taxes	—			—			(898		)	—			(898		)
Stock-based compensation	1,951			—			—			—			1,951
(Increase) decrease,
Prepaid expenses and other current assets	1,028			(3,392		)	(2,837		)	—			(5,201		)
Other assets	(249		)	—			(24		)	—			(273		)
Intercompany	(2,455		)	(2,601		)	5,056			—			—
Increase (decrease),	0			0						0
Accounts payable	3,322			(3,154		)	(125		)	—			43
Accrued expenses	(7,526		)	160			578			—			(6,788		)
Accrued interest	—			24,814			—			—			24,814
Accrued salaries and wages	(1,625		)	—			(577		)	—			(2,202		)
Gaming, pari-mutuel, property and other taxes	11			2,060			2,904			—			4,975
Income taxes	(11,511		)	—			144			—			(11,367		)
Other current and noncurrent liabilities	448			—			1,226			—			1,674
Net cash provided by (used in) operating activities	244,322			102,630			293,777			(561,002		)	79,727
Investing activities
Capital project expenditures, net of reimbursements	(1,533		)	(22,469		)	—			—			(24,002		)
Capital maintenance expenditures	—			—			(871		)	—			(871		)
Proceeds from sale of property and equipment	—			—			—			—			—
Increase in cash in escrow	—			(3,356		)	—			—			(3,356		)
Funding of loan receivable	—			—			(43,000		)	—			(43,000		)
Principal payments on loan receivable	—			—			2,000			—			2,000
Acquisition of real estate	—			—			(140,730		)	—			(140,730		)
Net cash used in investing activities	(1,533		)	(25,825		)	(182,601		)	—			(209,959		)
Financing activities
Dividends paid	(270,040		)	—			—			—			(270,040		)
Proceeds from exercise of options	13,321			—			—			—			13,321
Proceeds from issuance of long-term debt	—			182,008			—			—			182,008
Financing costs	—			—			—			—			—
Payments of long-term debt	—			(32,000		)	—			—			(32,000		)
Intercompany financing	(27,072		)	(431,720		)	(102,210		)	561,002			—
Net cash (used in) provided by financing activities	(283,791		)	(281,712		)	(102,210		)	561,002			(106,711		)
Net (decrease) increase in cash and cash equivalents	(41,002		)	(204,907		)	8,966			—			(236,943		)
Cash and cash equivalents at beginning of period	42,801			221,095			21,325			$	—		285,221
Cash and cash equivalents at end of period	$	1,799		$	16,188		$	30,291		$	—		$	48,278

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments
	The following methods and assumptions are used to estimate the fair value of each class of financial instruments for which it is practicable to estimate:
	Cash and Cash Equivalents
	The fair value of the Company’s cash and cash equivalents approximates the carrying value of the Company’s cash and cash equivalents, due to the short maturity of the cash equivalents.
	Deferred Compensation Plan Assets and Corresponding Liabilities
	The Company's deferred compensation plan assets consist of open-ended mutual funds and as such the fair value measurement of the assets is considered a Level 1 measurement as defined under Accounting Standards Code ("ASC") 820 "Fair Value Measurements and Disclosures." Deferred compensation plan assets are included within other current assets on the condensed consolidated balance sheets. Deferred compensation liabilities approximate the plan's assets and are included with current liabilities on the condensed consolidated balance sheets. The difference between the Company's deferred compensation plan assets and liabilities at both March 31, 2015 and December 31, 2014 is related to timing differences between the funding of assets held at the plan trustee and the actual contributions from eligible employees' compensation.
	Loan Receivable
	The fair value of the loan receivable approximates the carrying value of the Company's loan receivable, as collection on the outstanding loan balance is reasonably assured.
	Long-term Debt
	The fair value of the senior unsecured notes and senior unsecured credit facility is estimated based on quoted prices in active markets and as such is a Level 1 measurement as defined under Accounting Standards Code ("ASC") 820 "Fair Value Measurements and Disclosures."
	The estimated fair values of the Company’s financial instruments are as follows (in thousands):
		31-Mar-15							31-Dec-14
		Carrying				Fair			Carrying		Fair
		Amount				Value			Amount		Value
	Financial assets:
	Cash and cash equivalents	$	45,367			$	45,367		$	35,973	$	35,973
	Deferred compensation plan assets	14,826				14,826			14,280		14,280
	Loan receivable	33,463				33,463			34,000		34,000
	Financial liabilities:
	Deferred compensation plan liabilities	14,901				14,901			14,369		14,369
	Long-term debt
	Senior unsecured credit facility	525,000				509,250			558,000		535,010
	Senior notes	2,050,000				2,107,025			2,050,000		2,091,000
Comprehensive Income	Comprehensive Income
	Comprehensive income includes net income and all other non-owner changes in shareholders’ equity during a period. The Company did not have any non-owner changes in shareholders’ equity for the three months ended March 31, 2015 and 2014, and comprehensive income for the three months ended March 31, 2015 and 2014 was equivalent to net income for those time periods.
Revenue Recognition and Promotional Allowances	Revenue Recognition and Promotional Allowances
	The Company recognizes rental revenue from tenants, including rental abatements, lease incentives and contractually fixed increases attributable to operating leases, on a straight-line basis over the term of the related leases when collectability is reasonably assured. Contingent rental income is recognized once the lessee achieves the specified target. Recognition of rental income commences when control of the facility has been transferred to the tenant.
	As of March 31, 2015, all but one of the Company’s real estate investment properties were leased to a subsidiary of Penn under the Master Lease. The obligations under the Master Lease are guaranteed by Penn and by most Penn subsidiaries that occupy and operate the facilities leased under the Master Lease. A default by Penn or its subsidiaries with regard to any facility will cause a default with regard to the Master Lease. In January 2014, GLPI completed the asset acquisition of Casino Queen in East St. Louis, Illinois. GLPI subsequently leased the property back to Casino Queen on a "triple net" basis on terms similar to those in the Master Lease.
	The rent structure under the Master Lease with Penn includes a fixed component, a portion of which is subject to an annual 2% escalator if certain rent coverage ratio thresholds are met, and a component that is based on the performance of the facilities, which is adjusted, subject to certain floors (i) every five years by an amount equal to 4% of the average change to net revenues of all facilities under the Master Lease (other than Hollywood Casino Columbus and Hollywood Casino Toledo) during the preceding five years, and (ii) monthly by an amount equal to 20% of the change in net revenues of Hollywood Casino Columbus and Hollywood Casino Toledo during the preceding month. In addition to rent, all properties under the Master Lease with Penn are required to pay the following: (1) all facility maintenance, (2) all insurance required in connection with the leased properties and the business conducted on the leased properties, (3) taxes levied on or with respect to the leased properties (other than taxes on the income of the lessor) and (4) all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.
	The rent structure under the Casino Queen lease also includes a fixed component, a portion of which is subject to an annual 2% escalator if certain rent coverage ratio thresholds are met, and a component that is based on the performance of the facility, which is reset every five years to a fixed amount equal to the greater of (i) the annual amount of non-fixed rent applicable for the lease year immediately preceding such rent reset year and (ii) an amount equal to 4% of the average annual net revenues of the facility for the trailing five year period. Similar to Master Lease, the tenant is responsible for all executory charges described in the above paragraph.
	Additionally, in accordance with ASC 605, "Revenue Recognition," the Company records revenue for the real estate taxes paid by its tenants on the leased properties with an offsetting expense in real estate taxes within the consolidated statement of income as the Company has concluded it is the primary obligor.
	Gaming revenue generated by the TRS Properties mainly consists of video lottery gaming revenue, and to a lesser extent, table game and poker revenue. Video lottery gaming revenue is the aggregate net difference between gaming wins and losses with liabilities recognized for funds deposited by customers before gaming play occurs, for "ticket-in, ticket-out" coupons in the customers’ possession, and for accruals related to the anticipated payout of progressive jackpots. Progressive slot machines, which contain base jackpots that increase at a progressive rate based on the number of coins played, are charged to revenue as the amount of the jackpots increases. Table game gaming revenue is the aggregate of table drop adjusted for the change in aggregate table chip inventory. Table drop is the total dollar amount of the currency, coins, chips, tokens, outstanding counter checks (markers), and front money that are removed from the live gaming tables. Additionally, food and beverage revenue is recognized as services are performed.
	The following table discloses the components of gaming revenue within the condensed consolidated statements of income for the three months ended March 31, 2015 and 2014:
		Three Months Ended March 31,
		2015				2014
		(in thousands)
	Video lottery	$	31,241			$	33,381
	Table game	4,810				4,940
	Poker	328				434
	Total gaming revenue, net of cash incentives	$	36,379			$	38,755
	Gaming revenue is recognized net of certain sales incentives in accordance with ASC 605-50, "Revenue Recognition— Customer Payments and Incentives." The Company records certain sales incentives and points earned in point-loyalty programs as a reduction of revenue.
	The retail value of food and beverage and other services furnished to guests without charge is included in gross revenues and then deducted as promotional allowances. The amounts included in promotional allowances for the three months ended March 31, 2015 and 2014 are as follows:
		Three Months Ended March 31,
		2015				2014
		(in thousands)
	Food and beverage	$	1,377			$	1,361
	Other	10				9
	Total promotional allowances	$	1,387			$	1,370
	The estimated cost of providing such complimentary services, which is primarily included in food, beverage, and other expense, for the three months ended March 31, 2015 and 2014 are as follows:
		Three Months Ended March 31,
		2015				2014
		(in thousands)
	Food and beverage	$	596			$	716
	Other	3				3
	Total cost of complimentary services	$	599			$	719
Gaming and Admission Taxes	Gaming and Admission Taxes
	For the TRS Properties, the Company is subject to gaming and admission taxes based on gross gaming revenues in the jurisdictions in which it operates. The Company primarily recognizes gaming tax expense based on the statutorily required percentage of revenue that is required to be paid to state and local jurisdictions in the states where wagering occurs. At Hollywood Casino Baton Rouge, the gaming and admission tax is based on graduated tax rates. At Hollywood Casino Perryville the gaming tax rate is flat. The Company records gaming and admission taxes at the Company’s estimated effective gaming tax rate for the year, considering estimated taxable gaming revenue and the applicable rates. Such estimates are adjusted each interim period. If gaming and admission tax rates change during the year, such changes are applied prospectively in the determination of gaming and admission tax expense in future interim periods.  For the three months ended March 31, 2015 and 2014, these expenses, which are recorded within gaming expense in the condensed consolidated statements of income, totaled $14.9 million and $17.3 million, respectively
Earnings Per Share	Earnings Per Share
	The Company calculates earnings per share ("EPS") in accordance with ASC 260, "Earnings Per Share." Basic EPS is computed by dividing net income applicable to common stock by the weighted-average number of common shares outstanding during the period, excluding net income attributable to participating securities (unvested restricted stock awards). Diluted EPS reflects the additional dilution for all potentially-dilutive securities such as stock options, unvested restricted shares and unvested performance-based restricted shares. Diluted EPS for the Company's common stock is computed using the more dilutive of the two-class method or the treasury stock method.
	The following table reconciles the weighted-average common shares outstanding used in the calculation of basic EPS to the weighted-average common shares outstanding used in the calculation of diluted EPS for the three months ended March 31, 2015 and 2014 (in thousands):
		Three Months Ended March 31,
		2015			2014
		(in thousands)
	Determination of shares:
	Weighted-average common shares outstanding	113,666			111,198
	Assumed conversion of dilutive employee stock-based awards	4,232			6,282
	Assumed conversion of restricted stock	219			370
	Assumed conversion of performance-based restricted stock awards	382			—
	Diluted weighted-average common shares outstanding	118,499			117,850
	The following table presents the calculation of basic and diluted EPS for the Company’s common stock for the three months ended March 31, 2015 and 2014:
		Three Months Ended March 31,
		2015				2014
		(in thousands, expect per share data)
	Calculation of basic EPS:
	Net income	$	47,087			$	44,312
	Less: Net income allocated to participating securities	(215		)		(175		)
	Net income attributable to common shareholders	$	46,872			$	44,137
	Weighted-average common shares outstanding	113,666				111,198
	Basic EPS	$	0.41			$	0.4
	Calculation of diluted EPS:
	Net income	$	47,087			$	44,312
	Diluted weighted-average common shares outstanding	118,499				117,850
	Diluted EPS	$	0.4			$	0.38
	Options to purchase 15,529 shares were outstanding during the three months ended March 31, 2015 but were not included in the computation of diluted EPS because of being antidilutive.  There were no outstanding options to purchase shares of common stock during the three months ended March 31, 2014 that were not included in the computation of diluted EPS because of being antidilutive.
Stock-Based Compensation	Stock-Based Compensation
	The Company accounts for stock compensation under ASC 718, "Compensation - Stock Compensation," which requires the Company to expense the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award. This expense is recognized ratably over the requisite service period following the date of grant. The fair value for stock options is estimated at the date of grant using the Black-Scholes option-pricing model. The fair value of the Company's time-based restricted stock awards is equivalent to the closing stock price on the day of grant. The Company utilizes a third party valuation firm to measure the fair value of performance-based restricted stock awards at grant date using the Monte Carlo model.
	Additionally, the cash-settled phantom stock units ("PSU") entitle employees to receive cash based on the fair value of the Company’s common stock on the vesting date. These PSUs are accounted for as liability awards and are re-measured at fair value each reporting period until they become vested with compensation expense being recognized over the requisite service period in accordance with ASC 718-30, "Compensation-Stock Compensation, Awards Classified as Liabilities."
	In addition, the Company’s stock appreciation rights ("SAR") are accounted for as liability awards. The fair value of these awards is calculated during each reporting period and estimated using the Black-Scholes option-pricing model.
	In connection with the Spin-Off, each outstanding option and cash settled SAR with respect to Penn common stock outstanding on the distribution date was converted into two awards, an adjusted Penn option and a GLPI option, or, in the case of the SARs, an adjusted Penn SAR and a GLPI SAR. The adjustment preserved the aggregate intrinsic value of the options and SARs. Additionally, in connection with the Spin-Off, holders of outstanding restricted stock and PSUs with respect to Penn common stock became entitled to an additional share of restricted stock or PSU with respect to GLPI common stock for each share of Penn restricted stock or PSU held.
	The adjusted options and SARs, as well as the restricted stock awards and PSUs, otherwise remain subject to their original terms, except that for purposes of the adjusted Penn awards (including in determining exercisability and the post-termination exercise period), continued service with GLPI following the distribution date shall be deemed continued service with Penn; and for purposes of the GLPI awards (including in determining exercisability and the post-termination exercise period), continued service with Penn following the distribution date shall be deemed continued service with GLPI.
	The unrecognized compensation relating to both Penn and GLPI’s stock options, SARs, restricted stock awards, performance-based restricted stock awards and PSUs held by GLPI employees will be amortized to expense over the awards’ remaining vesting periods.
	As of March 31, 2015, there was $1.9 million of total unrecognized compensation cost for stock options that will be recognized over the grants remaining weighted average vesting period of 0.76 years. For the three months ended March 31, 2015 and 2014, the Company recognized $0.7 million and $1.4 million, respectively, of compensation expense associated with these awards. In addition, the Company also recognized $2.9 million and $3.3 million of compensation expense for the three months ended March 31, 2015 and 2014, respectively, relating to each of the first quarter $0.55 and $0.52, respectively, per share dividends paid on vested employee stock options.
	As of March 31, 2015, there was $12.8 million of total unrecognized compensation cost for restricted stock awards that will be recognized over the grants remaining weighted average vesting period of 2.26 years. For the three months ended March 31, 2015 and 2014, the Company recognized $1.4 million and $0.6 million, respectively, of compensation expense associated with these awards.
	The following table contains information on restricted stock award activity for the three months ended March 31, 2015.
		Number of Award
		Shares
	Outstanding at December 31, 2014	468,841
	Granted	163,783
	Released	(107,152	)
	Canceled	(5,028	)
	Outstanding at March 31, 2015	520,444
	Performance-based restricted stock awards have a three year cliff vesting with the amount of restricted shares vesting at the end of the three-year period determined based on the Company’s performance as measured against its peers.  More specifically, the percentage of shares vesting at the end of the measurement period will be based on the Company’s three-year total shareholder return measured against the three-year return of the companies included in the MSCI US REIT index.  As of March 31, 2015, there was $16.9 million of total unrecognized compensation cost, which will be recognized over the awards remaining weighted average vesting period of 2.28 years for performance-based restricted stock awards.  For the three months ended March 31, 2015, the Company recognized $2.2 million of compensation expense associated with these awards.
	The following table contains information on performance-based restricted stock award activity for the three months ended March 31, 2015.
		Number of  Performance-Based Award Shares
	Outstanding at December 31, 2014	543,556
	Granted	548,000
	Released	—
	Canceled	—
	Outstanding at March 31, 2015	1,091,556
	As of March 31, 2015, there was $5.1 million of total unrecognized compensation cost, which will be recognized over the awards remaining weighted average vesting period of 1.71 years, for Penn and GLPI PSUs held by GLPI employees that will be cash-settled by GLPI. For the three months ended March 31, 2015 and 2014, the Company recognized $1.8 million and $0.4 million, respectively of compensation expense associated with these awards. In addition, the Company also recognized $0.1 million for the three months ended March 31, 2015, relating to the first quarter $0.55 per share dividends paid on unvested PSUs and $0.4 million for the three months ended March 31, 2014, relating to the purging distribution dividend and the first quarter $0.52 per share dividends paid on unvested PSUs.
	As of March 31, 2015, there was $0.1 million of total unrecognized compensation cost, which will be recognized over the grants remaining weighted average vesting period of 1.23 years, for Penn and GLPI SARs held by GLPI employees that will be cash-settled by GLPI. For the three months ended March 31, 2015 and 2014, the Company recognized $6 thousand and $21 thousand, respectively, of compensation expense associated with these awards.
	Upon the declaration of the Purging Distribution, GLPI options and GLPI SARs were adjusted in a manner that preserved both the pre-distribution intrinsic value of the options and SARs and the pre-distribution ratio of the stock price to exercise price that existed immediately before the Purging Distribution. Additionally, upon declaration of the Purging Distribution, holders of GLPI PSUs were credited with the special dividend, which will accrue and be paid, if applicable, on the vesting date of the related PSU. Holders of GLPI restricted stock were entitled to receive the special dividend with respect to such restricted stock on the same date or dates that the special dividend was payable on GLPI common stock to shareholders of GLPI generally.
Segment Information	Segment Information
	Consistent with how the Company’s Chief Operating Decision Maker reviews and assesses the Company’s financial performance, the Company has two reportable segments, GLP Capital, L.P. (a wholly-owned subsidiary of GLPI through which GLPI owns substantially all of its assets) ("GLP Capital") and the TRS Properties. The GLP Capital reportable segment consists of the leased real property and represents the majority of the Company’s business. The TRS Properties reportable segment consists of Hollywood Casino Perryville and Hollywood Casino Baton Rouge. See Note 10 for further information with respect to the Company’s segments.

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Schedule of estimated fair values of financial instruments	The estimated fair values of the Company’s financial instruments are as follows (in thousands):
		31-Mar-15							31-Dec-14
		Carrying				Fair			Carrying		Fair
		Amount				Value			Amount		Value
	Financial assets:
	Cash and cash equivalents	$	45,367			$	45,367		$	35,973	$	35,973
	Deferred compensation plan assets	14,826				14,826			14,280		14,280
	Loan receivable	33,463				33,463			34,000		34,000
	Financial liabilities:
	Deferred compensation plan liabilities	14,901				14,901			14,369		14,369
	Long-term debt
	Senior unsecured credit facility	525,000				509,250			558,000		535,010
	Senior notes	2,050,000				2,107,025			2,050,000		2,091,000
Schedule of the components of gaming revenue	The following table discloses the components of gaming revenue within the condensed consolidated statements of income for the three months ended March 31, 2015 and 2014:
		Three Months Ended March 31,
		2015				2014
		(in thousands)
	Video lottery	$	31,241			$	33,381
	Table game	4,810				4,940
	Poker	328				434
	Total gaming revenue, net of cash incentives	$	36,379			$	38,755
Schedule of amounts included in promotional allowances	The amounts included in promotional allowances for the three months ended March 31, 2015 and 2014 are as follows:
		Three Months Ended March 31,
		2015				2014
		(in thousands)
	Food and beverage	$	1,377			$	1,361
	Other	10				9
	Total promotional allowances	$	1,387			$	1,370
Schedule of the estimated cost of providing complimentary services	The estimated cost of providing such complimentary services, which is primarily included in food, beverage, and other expense, for the three months ended March 31, 2015 and 2014 are as follows:
		Three Months Ended March 31,
		2015				2014
		(in thousands)
	Food and beverage	$	596			$	716
	Other	3				3
	Total cost of complimentary services	$	599			$	719
Schedule of reconciliation of the weighted-average common shares outstanding used in the calculation of basic EPS to the weighted-average common shares outstanding used in the calculation of diluted EPS	The following table reconciles the weighted-average common shares outstanding used in the calculation of basic EPS to the weighted-average common shares outstanding used in the calculation of diluted EPS for the three months ended March 31, 2015 and 2014 (in thousands):
		Three Months Ended March 31,
		2015			2014
		(in thousands)
	Determination of shares:
	Weighted-average common shares outstanding	113,666			111,198
	Assumed conversion of dilutive employee stock-based awards	4,232			6,282
	Assumed conversion of restricted stock	219			370
	Assumed conversion of performance-based restricted stock awards	382			—
	Diluted weighted-average common shares outstanding	118,499			117,850
Schedule of calculation of basic and diluted EPS for the Company's common stock	The following table presents the calculation of basic and diluted EPS for the Company’s common stock for the three months ended March 31, 2015 and 2014:
		Three Months Ended March 31,
		2015				2014
		(in thousands, expect per share data)
	Calculation of basic EPS:
	Net income	$	47,087			$	44,312
	Less: Net income allocated to participating securities	(215		)		(175		)
	Net income attributable to common shareholders	$	46,872			$	44,137
	Weighted-average common shares outstanding	113,666				111,198
	Basic EPS	$	0.41			$	0.4
	Calculation of diluted EPS:
	Net income	$	47,087			$	44,312
	Diluted weighted-average common shares outstanding	118,499				117,850
	Diluted EPS	$	0.4			$	0.38
Schedule of restricted stock award activity	The following table contains information on restricted stock award activity for the three months ended March 31, 2015.
		Number of Award
		Shares
	Outstanding at December 31, 2014	468,841
	Granted	163,783
	Released	(107,152	)
	Canceled	(5,028	)
	Outstanding at March 31, 2015	520,444
Schedule of performance-based restricted stock award activity	The following table contains information on performance-based restricted stock award activity for the three months ended March 31, 2015.
		Number of  Performance-Based Award Shares
	Outstanding at December 31, 2014	543,556
	Granted	548,000
	Released	—
	Canceled	—
	Outstanding at March 31, 2015	1,091,556

Real_Estate_Investments_Tables

Real Estate Investments (Tables)	3 Months Ended
	Mar. 31, 2015
Real Estate [Abstract]
Schedule of Real Estate Investments, Net	Real estate investments, net, represents investments in 19 rental properties and the corporate headquarters building and is summarized as follows:
		March 31,			December 31,
		2015			2014
		(in thousands)
	Land and improvements	$	454,181		$	454,181
	Building and improvements	2,288,664			2,288,664
	Construction in progress	3,381			2,576
	Total real estate investments	2,746,226			2,745,421
	Less accumulated depreciation	(589,223		)	(565,297		)
	Real estate investments, net	$	2,157,003		$	2,180,124

Property_and_Equipment_Used_in1

Property and Equipment Used in Operations (Tables)	3 Months Ended
	Mar. 31, 2015
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment Used in Operations, Net	Property and equipment used in operations, net, consists of the following and primarily represents the assets utilized in the TRS:
		March 31,			December 31,
		2015			2014
		(in thousands)
	Land and improvements	$	31,595		$	31,595
	Building and improvements	116,867			116,867
	Furniture, fixtures, and equipment	103,782			103,612
	Construction in progress	6,455			724
	Total property and equipment	258,699			252,798
	Less accumulated depreciation	(122,166		)	(118,770		)
	Property and equipment, net	$	136,533		$	134,028

Longterm_Debt_Tables

Long-term Debt (Tables)	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Schedule of long-term debt	Long-term debt is as follows:
		March 31,			December 31,
		2015			2014
		(in thousands)
	Senior unsecured credit facility	$	525,000		$	558,000
	$550 million 4.375% senior unsecured notes due November 2018	550,000			550,000
	$1,000 million 4.875% senior unsecured notes due November 2020	1,000,000			1,000,000
	$500 million 5.375% senior unsecured notes due November 2023	500,000			500,000
	Capital lease	$	1,463		$	1,487
	Total long-term debt	$	2,576,463		$	2,609,487
	Less current maturities of long-term debt	$	(99	)	$	(81	)
	Long-term debt, net of current maturities	$	2,576,364		$	2,609,406
Schedule of future minimum repayments of long-term debt	The following is a schedule of future minimum repayments of long-term debt as of March 31, 2015 (in thousands):
	Within one year	$	99
	2-3 years	212
	4-5 years	1,075,233
	Over 5 years	1,500,919
	Total minimum payments	$	2,576,463

Segment_Information_Tables

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following tables present certain information with respect to the Company’s segments. Intersegment revenues between the Company’s segments were not material in any of the periods presented below.
		Three Months Ended March 31, 2015									Three Months Ended March 31, 2014
	(in thousands)	GLP Capital		TRS Properties		Eliminations (1)			Total		GLP Capital		TRS Properties		Eliminations (1)			Total
	Net revenues	$	124,854	$	37,807	$	—		$	162,661	$	118,112	$	40,216	$	—		$	158,328
	Income from operations	71,556		7,200		—			78,756		67,871		6,463		—			74,334
	Interest, net	28,968		2,600		(2,601		)	28,967		28,428		2,601		(2,601		)	28,428
	Income before income taxes	45,189		4,600		—			49,789		42,044		3,862		—			45,906
	Income tax expense	810		1,892		—			2,702		—		1,594		—			1,594
	Net income	44,379		2,708		—			47,087		42,044		2,268		—			44,312
	Depreciation	24,393		3,018		—			27,411		23,441		3,081		—			26,522
	Capital project expenditures, net of reimbursements	609		5,031		—			5,640		24,002		—		—			24,002
	Capital maintenance expenditures	—		951		—			951		—		871		—			871
	(1)              Amounts in the "Eliminations" column represent the elimination of intercompany interest payments from the Company’s TRS Properties business segment to its GLP Capital business segment.

Supplementary_Condensed_Consol1

Supplementary Condensed Consolidating Financial Information of Parent Guarantor and Subsidiary Issuers (Tables)	3 Months Ended
	Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summary of financial information for GLPI as the parent guarantor, for GLP Capital, L.P. and GLP Financing II, Inc. as the subsidiary issuers and the other subsidiary non-issuers	Summarized financial information as of March 31, 2015 and December 31, 2014 and for the three months ended March 31, 2015 and 2014 for GLPI as the parent guarantor, for GLP Capital, L.P. and GLP Financing II, Inc. as the subsidiary issuers and the other subsidiary non-issuers is presented below. In preparation for the Company's potential use of an UPREIT structure, on January 1, 2015, all employees and associated assets and liabilities were transferred from GLPI to GLP Capital, L.P.
	At March 31, 2015	Parent			Subsidiary			Other			Eliminations			Consolidated
	Condensed Consolidating Balance Sheet	Guarantor			Issuers			Subsidiary
								Non-Issuers
		(in thousands)
	Assets
	Real estate investments, net	$	—		$	2,019,952		$	137,051		$	—		$	2,157,003
	Property and equipment, used in operations, net	—			24,775			111,758			—			136,533
	Cash and cash equivalents	—			20,020			25,347			—			45,367
	Prepaid expenses	—			4,408			3,060			—			7,468
	Deferred tax assets, current	—			—			1,568			—			1,568
	Other current assets	—			44,115			3,529			—			47,644
	Goodwill	—			—			75,521			—			75,521
	Other intangible assets	—			—			9,577			—			9,577
	Debt issuance costs, net of accumulated amortization of $11,347 at March 31, 2015	—			37,106			—			—			37,106
	Loan receivable	—			—			33,463			—			33,463
	Intercompany loan receivable	—			193,595			—			(193,595		)	—
	Intercompany transactions and investment in subsidiaries	(125,540		)	194,180			85,370			(154,010		)	—
	Deferred tax assets, non-current	—			—			808			—			808
	Other assets	—			292			127			—			419
	Total assets	$	(125,540	)	$	2,538,443		$	487,179		$	(347,605	)	$	2,552,477
	Liabilities
	Accounts payable	$	—		$	2,636		$	665		$	—		$	3,301
	Accrued expenses	—			1,041			4,715			—			5,756
	Accrued interest	—			42,431			—			—			42,431
	Accrued salaries and wages	—			4,283			2,104			—			6,387
	Gaming, property, and other taxes	—			21,548			3,584			—			25,132
	Income taxes	—			682			890			—			1,572
	Current maturities of long-term debt	—			99			—			—			99
	Other current liabilities	—			14,901			1,336			—			16,237
	Long-term debt, net of current maturities	—			2,576,364			—			—			2,576,364
	Intercompany loan payable	—			—			193,595			(193,595		)	—
	Deferred tax liabilities, non-current	—			—			738			—			738
	Total liabilities	—			2,663,985			207,627			(193,595		)	2,678,017
	Shareholders’ (deficit) equity
	Common stock ($.01 par value, 550,000,000 shares authorized, 114,213,335 shares issued at March 31, 2015	1,142			1,142			1,142			(2,284		)	1,142
	Additional paid-in capital	903,608			903,608			1,056,445			(1,960,053		)	903,608
	Retained (deficit) earnings	(1,030,290		)	(1,030,292		)	(778,035		)	1,808,327			(1,030,290		)
	Total shareholders’ (deficit) equity	(125,540		)	(125,542		)	279,552			(154,010		)	(125,540		)
	Total liabilities and shareholders’ (deficit) equity	$	(125,540	)	$	2,538,443		$	487,179		$	(347,605	)	$	2,552,477
	Three months ended March 31, 2015	Parent			Subsidiary			Other			Eliminations			Consolidated
	Condensed Consolidating Statement of Operations	Guarantor			Issuers			Subsidiary
								Non-Issuers
		(in thousands)
	Revenues
	Rental	$	—		$	108,004		$	3,500		$	—		$	111,504
	Real estate taxes paid by tenants	—			12,827			523			—			13,350
	Total rental revenue	—			120,831			4,023			—			124,854
	Gaming	—			—			36,379			—			36,379
	Food, beverage and other	—			—			2,815			—			2,815
	Total revenues	—			120,831			43,217			—			164,048
	Less promotional allowances	—			—			(1,387		)	—			(1,387		)
	Net revenues	—			120,831			41,830			—			162,661
	Operating expenses
	Gaming	—			—			19,016			—			19,016
	Food, beverage and other	—			—			2,184			—			2,184
	Real estate taxes	—			12,827			928			—			13,755
	General and administrative	—			15,556			5,983			—			21,539
	Depreciation	—			23,632			3,779			—			27,411
	Total operating expenses	—			52,015			31,890			—			83,905
	Income from operations	—			68,816			9,940			—			78,756
	Other income (expenses)
	Interest expense	—			(29,562		)	—			—			(29,562		)
	Interest income	—			10			585			—			595
Intercompany dividends and interest	—			10,086			400			(10,486		)	—
Total other expenses	—			(19,466		)	985			(10,486		)	(28,967		)
Income before income taxes	—			49,350			10,925			(10,486		)	49,789
Income tax expense	—			810			1,892			—			2,702
Net income	$	—		$	48,540		$	9,033		$	(10,486	)	$	47,087
Three months ended March 31, 2015	Parent			Subsidiary			Other			Eliminations			Consolidated
Condensed Consolidating Statement of Cash Flows	Guarantor			Issuers			Subsidiary
							Non-Issuers
	(in thousands)
Operating activities
Net income	$	—		$	48,540		$	9,033		$	(10,486	)	$	47,087
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation	—			23,632			3,779			—			27,411
Amortization of debt issuance costs	—			2,020			—			—			2,020
Losses on dispositions of property	—			—			1			—			1
Deferred income taxes	—			—			(386		)	—			(386		)
Stock-based compensation	—			4,394			—			—			4,394
(Increase) decrease,
Prepaid expenses and other current assets	—			(593		)	1,431			—			838
Other assets	—			—			—			—			—
Intercompany	—			2,365			(2,365		)	—			—
Increase (decrease),
Accounts payable	—			(1,800		)	455			—			(1,345		)
Accrued expenses	—			408			7			—			415
Accrued interest	—			24,903			—			—			24,903
Accrued salaries and wages	—			(5,730		)	(464		)	—			(6,194		)
Gaming, pari-mutuel, property and other taxes	—			(613		)	207			—			(406		)
Income taxes	—			847			725			—			1,572
Other current and noncurrent liabilities	—			532			(83		)	—			449
Net cash provided by (used in) operating activities	—			98,905			12,340			(10,486		)	100,759
Investing activities
Capital project expenditures, net of reimbursements	—			(609		)	(5,031		)	—			(5,640		)
Capital maintenance expenditures	—			—			(951		)	—			(951		)
Proceeds from sale of property and equipment	—			—			5			—			5
Funding of loan receivable	—			—			—			—			—
Principal payments on loan receivable	—			—			538			—			538
Acquisition of real estate	—			—			—			—			—
Other investing activities	—			(36		)	—			—			(36		)
Net cash used in investing activities	—			(645		)	(5,439		)	—			(6,084		)
Financing activities
Dividends paid	(62,651		)	—			—			—			(62,651		)
Proceeds from exercise of options	10,394			—			—			—			10,394
Proceeds from issuance of long-term debt	—			—			—			—			—
Financing costs	—			—			—			—			—
Payments of long-term debt	—			(33,024		)	—			—			(33,024		)
Intercompany financing	49,614			(49,666		)	(10,434		)	10,486			—
Net cash (used in) provided by financing activities	(2,643		)	(82,690		)	(10,434		)	10,486			(85,281		)
Net (decrease) increase in cash and cash equivalents	(2,643		)	15,570			(3,533		)	—			9,394
Cash and cash equivalents at beginning of period	2,643			4,450			28,880			—			35,973
Cash and cash equivalents at end of period	$	—		$	20,020		$	25,347		$	—		$	45,367
At December 31, 2014	Parent			Subsidiary			Other			Eliminations			Consolidated
Condensed Consolidating Balance Sheet	Guarantor			Issuers			Subsidiary
							Non-Issuers
	(in thousands)
Assets
Real estate investments, net	$	—		$	2,042,311		$	137,813		$	—		$	2,180,124
Property and equipment, used in operations, net	25,228			—			108,800			—			134,028
Cash and cash equivalents	2,643			4,450			28,880			—			35,973
Prepaid expenses	1,096			2,196			3,110			1,498			7,900
Deferred tax assets, current	—			—			2,015			—			2,015
Other current assets	14,947			27,417			2,890			—			45,254
Goodwill	—			—			75,521			—			75,521
Other intangible assets	—			—			9,577			—			9,577
Debt issuance costs, net of accumulated amortization of $9,327 at December 31, 2014	—			39,126			—			—			39,126
Loan receivable	—			—			34,000			—			34,000
Intercompany loan receivable	—			193,595			—			(193,595		)	—
Intercompany transactions and investment in subsidiaries	(138,987		)	195,092			65,255			(121,360		)	—
Deferred tax assets, non-current	—			—			679			—			679
Other assets	256			—			127			—			383
Total assets	$	(94,817	)	$	2,504,187		$	468,667		$	(313,457	)	$	2,564,580
Liabilities
Accounts payable	$	4,011		$	188		$	210		$	—		$	4,409
Accrued expenses	514			119			4,706			—			5,339
Accrued interest	—			17,528			—			—			17,528
Accrued salaries and wages	10,013			—			2,568			—			12,581
Gaming, property, and other taxes	1,012			18,874			2,855			—			22,741
Income taxes	—			(165		)	(1,333		)	1,498			—
Current maturities of long-term debt	—			81			—			—			81
Other current liabilities	14,369			—			1,419			—			15,788
Long-term debt, net of current maturities	—			2,609,406			—			—			2,609,406
Intercompany loan payable	—			—			193,595			(193,595		)	—
Deferred tax liabilities, non-current	—			—			1,443			—			1,443
Total liabilities	29,919			2,646,031			205,463			(192,097		)	2,689,316
Shareholders’ (deficit) equity
Common stock ($.01 par value, 550,000,000 shares authorized, 112,981,088 shares issued at December 31, 2014	1,130			—			—			—			1,130
Additional paid-in capital	888,860			139,811			292,547			(432,358		)	888,860
Retained (deficit) earnings	(1,014,726		)	(281,655		)	(29,343		)	310,998			(1,014,726		)
Total shareholders’ (deficit) equity	(124,736		)	(141,844		)	263,204			(121,360		)	(124,736		)
Total liabilities and shareholders’ (deficit) equity	$	(94,817	)	$	2,504,187		$	468,667		$	(313,457	)	$	2,564,580
Three months ended March 31, 2014	Parent			Subsidiary			Other			Eliminations			Consolidated
Condensed Consolidating Statement of Operations	Guarantor			Issuers			Subsidiary
							Non-
							Issuers
	(in thousands)
Revenues
Rental	$	—		$	103,442		$	2,672		$	—		$	106,114
Real estate taxes paid by tenants	—			11,629			369			—			11,998
Total rental revenue	—			115,071			3,041			—			118,112
Gaming	—			—			38,755			—			38,755
Food, beverage and other	—			—			2,831			—			2,831
Total revenues	—			115,071			44,627			—			159,698
Less promotional allowances	—			—			(1,370		)	—			(1,370		)
Net revenues	—			115,071			43,257			—			158,328
Operating expenses
Gaming	—			—			21,562			—			21,562
Food, beverage and other	—			—			2,546			—			2,546
Real estate taxes	—			11,629			794			—			12,423
General and administrative	14,084			718			6,139			—			20,941
Depreciation	439			22,283			3,800			—			26,522
Total operating expenses	14,523			34,630			34,841			—			83,994
Income from operations	(14,523		)	80,441			8,416			—			74,334
Other income (expenses)
Interest expense	—			(28,974		)	—			—			(28,974		)
Interest income	—			—			546			—			546
Intercompany dividends and interest	275,012			8,986			277,004			(561,002		)	—
Total other expenses	275,012			(19,988		)	277,550			(561,002		)	(28,428		)
Income before income taxes	260,489			60,453			285,966			(561,002		)	45,906
Income tax expense	—			—			1,594			—			1,594
Net income	$	260,489		$	60,453		$	284,372		$	(561,002	)	$	44,312
Three months ended March 31, 2014	Parent			Subsidiary			Other			Eliminations			Consolidated
Condensed Consolidating Statement of Cash Flows	Guarantor			Issuers			Subsidiary
							Non-Issuers
	(in thousands)
Operating activities
Net income	$	260,489		$	60,453		$	284,372		$	(561,002	)	$	44,312
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation	439			22,283			3,800			—			26,522
Amortization of debt issuance costs	—			2,007			—			—			2,007
Losses on dispositions of property	—			—			158			—			158
Deferred income taxes	—			—			(898		)	—			(898		)
Stock-based compensation	1,951			—			—			—			1,951
(Increase) decrease,
Prepaid expenses and other current assets	1,028			(3,392		)	(2,837		)	—			(5,201		)
Other assets	(249		)	—			(24		)	—			(273		)
Intercompany	(2,455		)	(2,601		)	5,056			—			—
Increase (decrease),	0			0						0
Accounts payable	3,322			(3,154		)	(125		)	—			43
Accrued expenses	(7,526		)	160			578			—			(6,788		)
Accrued interest	—			24,814			—			—			24,814
Accrued salaries and wages	(1,625		)	—			(577		)	—			(2,202		)
Gaming, pari-mutuel, property and other taxes	11			2,060			2,904			—			4,975
Income taxes	(11,511		)	—			144			—			(11,367		)
Other current and noncurrent liabilities	448			—			1,226			—			1,674
Net cash provided by (used in) operating activities	244,322			102,630			293,777			(561,002		)	79,727
Investing activities
Capital project expenditures, net of reimbursements	(1,533		)	(22,469		)	—			—			(24,002		)
Capital maintenance expenditures	—			—			(871		)	—			(871		)
Proceeds from sale of property and equipment	—			—			—			—			—
Increase in cash in escrow	—			(3,356		)	—			—			(3,356		)
Funding of loan receivable	—			—			(43,000		)	—			(43,000		)
Principal payments on loan receivable	—			—			2,000			—			2,000
Acquisition of real estate	—			—			(140,730		)	—			(140,730		)
Net cash used in investing activities	(1,533		)	(25,825		)	(182,601		)	—			(209,959		)
Financing activities
Dividends paid	(270,040		)	—			—			—			(270,040		)
Proceeds from exercise of options	13,321			—			—			—			13,321
Proceeds from issuance of long-term debt	—			182,008			—			—			182,008
Financing costs	—			—			—			—			—
Payments of long-term debt	—			(32,000		)	—			—			(32,000		)
Intercompany financing	(27,072		)	(431,720		)	(102,210		)	561,002			—
Net cash (used in) provided by financing activities	(283,791		)	(281,712		)	(102,210		)	561,002			(106,711		)
Net (decrease) increase in cash and cash equivalents	(41,002		)	(204,907		)	8,966			—			(236,943		)
Cash and cash equivalents at beginning of period	42,801			221,095			21,325			$	—		285,221
Cash and cash equivalents at end of period	$	1,799		$	16,188		$	30,291		$	—		$	48,278

Organization_and_Operations_De

Organization and Operations (Details) (USD $)	0 Months Ended		3 Months Ended
	Feb. 18, 2014	Dec. 19, 2014	Mar. 31, 2015
			renewaloption
			property
Organization and Operations
Number of facilities whose real estate property is Included in entity portfolio			21
Number of real estate properties			19
Number of states across which the portfolio of properties is diversified			12
Purging Distribution
Organization and Operations
Purging distribution	$1,050,000,000
Pre-Filing Agreement Distribution
Organization and Operations
Pre-filing agreement distribution		$37,000,000
Penn National Gaming Inc
Organization and Operations
Operating lease, initial term of contract			15 years
Operating leases, number of renewal options			4
Operating lease, renewal term			5 years
Number of real estate properties			18

Summary_of_Significant_Account3

Summary of Significant Accounting Policies (Fair Value of Financial Instruments) (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Fair Value
Financial assets:
Cash and cash equivalents	$45,367	$35,973
Deferred compensation plan assets	14,826	14,280
Loans receivable	33,463	34,000
Financial liabilities:
Deferred compensation plan liabilities	14,901	14,369
Senior unsecured credit facility	509,250	535,010
Senior notes	2,107,025	2,091,000
Carrying Amount
Financial assets:
Cash and cash equivalents	45,367	35,973
Deferred compensation plan assets	14,826	14,280
Loans receivable	33,463	34,000
Financial liabilities:
Deferred compensation plan liabilities	14,901	14,369
Senior unsecured credit facility	525,000	558,000
Senior notes	$2,050,000	$2,050,000

Summary_of_Significant_Account4

Summary of Significant Accounting Policies (Revenue Recognition and Promotional Allowances) (Narrative) (Details)	3 Months Ended
	Mar. 31, 2015
Revenue Recognition and Promotional Allowances
Number of real estate properties	19
All Properties Under Master Lease, Except Hollywood Casino Columbus and Hollywood Casino Toledo
Revenue Recognition and Promotional Allowances
Frequency property performance-based rent structure is adjusted under the Master Lease	5 years
Percentage of the average change in net revenues of facilities under the Master Lease during the preceding five years used to compute the performance based component of rent	4.00%
Period used in calculation of the average change in net revenues	5 years
Hollywood Casino Columbus and Hollywood Casino Toledo
Revenue Recognition and Promotional Allowances
Percentage of the change in net revenues of all facilities under the Master Lease during the preceding month used for adjustment in rent structure	20.00%
Properties Not Subject To Master Lease Agreement
Revenue Recognition and Promotional Allowances
Number of real estate properties	1
Penn National Gaming Inc
Revenue Recognition and Promotional Allowances
Number of real estate properties	18
Annual rent escalator	2.00%
Casino Queen
Revenue Recognition and Promotional Allowances
Annual rent escalator	2.00%
Frequency property performance-based rent structure is adjusted under the Master Lease	5 years
Percentage of the average change in net revenues of facilities under the Master Lease during the preceding five years used to compute the performance based component of rent	4.00%
Period used in calculation of the average change in net revenues	5 years

Summary_of_Significant_Account5

Summary of Significant Accounting Policies (Revenue Recognition and Promotional Allowances) (Tables) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Revenue Recognition and Promotional Allowances
Gaming revenue, net of cash incentives	$36,379	$38,755
Promotional allowances	1,387	1,370
Cost of Complimentary Services	599	719
Video lottery
Revenue Recognition and Promotional Allowances
Gaming revenue, net of cash incentives	31,241	33,381
Table game
Revenue Recognition and Promotional Allowances
Gaming revenue, net of cash incentives	4,810	4,940
Poker
Revenue Recognition and Promotional Allowances
Gaming revenue, net of cash incentives	328	434
Food and beverage
Revenue Recognition and Promotional Allowances
Promotional allowances	1,377	1,361
Cost of Complimentary Services	596	716
Other
Revenue Recognition and Promotional Allowances
Promotional allowances	10	9
Cost of Complimentary Services	$3	$3

Summary_of_Significant_Account6

Summary of Significant Accounting Policies (Gaming and Admission Taxes) (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Gaming and Admission Taxes
Gaming and admission taxes	$14.90	$17.30

Summary_of_Significant_Account7

Summary of Significant Accounting Policies (Earnings Per Share) (Weighted Average Shares Outstanding) (Details)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Schedule of Basic And Diluted Weighted Average Common Shares Outstanding [Line Items]
Weighted-average common shares outstanding	113,666	111,198
Diluted weighted-average common shares outstanding	118,499	117,850
Employee Stock Option
Schedule of Basic And Diluted Weighted Average Common Shares Outstanding [Line Items]
Dilutive securities	4,232	6,282
Restricted stock awards
Schedule of Basic And Diluted Weighted Average Common Shares Outstanding [Line Items]
Dilutive securities	219	370
Performance Shares
Schedule of Basic And Diluted Weighted Average Common Shares Outstanding [Line Items]
Dilutive securities	382	0

Summary_of_Significant_Account8

Summary of Significant Accounting Policies (Earnings per Share) (EPS Calculations) (Details) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Accounting Policies [Abstract]
Anti-dilutive securities, options to purchase common stock outstanding (in shares)	15,529	0
Calculation of basic EPS:
Net income	$47,087	$44,312
Less: Net income allocated to participating securities	-215	-175
Net income attributable to common shareholders	46,872	44,137
Weighted-average common shares outstanding	113,666,000	111,198,000
Basic EPS (in dollars per share)	$0.41	$0.40
Calculation of diluted EPS:
Net income	$47,087	$44,312
Diluted weighted-average common shares outstanding	118,499,000	117,850,000
Diluted EPS (in dollars per share)	$0.40	$0.38

Summary_of_Significant_Account9

Summary of Significant Accounting Policies (Stock-Based Compensation) (Narrative) (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Stock-based compensation
Dividends paid per common share	$0.55	$0.52
Employee Stock Option
Stock-based compensation
Total unrecognized compensation cost	$1,900,000
Remaining weighted average vesting period for recognition of unrecognized compensation cost	0 years 9 months 2 days
Recognized compensation expense	700,000	1,400,000
Additional compensation expense related to dividend	2,900,000	3,300,000
Restricted stock awards
Stock-based compensation
Total unrecognized compensation cost	12,800,000
Remaining weighted average vesting period for recognition of unrecognized compensation cost	2 years 3 months 5 days
Recognized compensation expense	1,400,000	600,000
Performance Shares
Stock-based compensation
Total unrecognized compensation cost	16,900,000
Remaining weighted average vesting period for recognition of unrecognized compensation cost	2 years 3 months 11 days
Recognized compensation expense	2,200,000
Period of total shareholder return upon which the percentage of shares vesting at the end of the measurement period will be based	3 years
Period of return of the MSCI US REIT index against which total shareholder return measured	3 years
PSUs
Stock-based compensation
Total unrecognized compensation cost	5,100,000
Remaining weighted average vesting period for recognition of unrecognized compensation cost	1 year 8 months 14 days
Recognized compensation expense	1,800,000	400,000
Additional compensation expense related to dividend	100,000	400,000
SARs
Stock-based compensation
Total unrecognized compensation cost	100,000
Remaining weighted average vesting period for recognition of unrecognized compensation cost	1 year 2 months 22 days
Recognized compensation expense	$6,000	$21,000
End Of Measurement Period Vesting | Performance Shares
Stock-based compensation
Vesting period	3 years

Recovered_Sheet1

Summary of Significant Accounting Policies (Stock-Based Compensation) (Restricted Stock Activity) (Details) (Restricted stock awards)	3 Months Ended
	Mar. 31, 2015
Restricted stock awards
Restricted Stock Awards Activity [Roll Forward]
Outstanding at the beginning of the period (in shares)	468,841
Granted (in shares)	163,783
Released (in shares)	-107,152
Canceled (in shares)	-5,028
Outstanding at the end of the period (in shares)	520,444

Recovered_Sheet2

Summary of Significant Accounting Policies (Stock-Based Compensation) (Performance-Based Awards) (Details) (Performance Shares)	3 Months Ended
	Mar. 31, 2015
Performance Shares
Performance-Based Restricted Stock Awards Activity [Roll Forward]
Outstanding at the beginning of the period (in shares)	543,556
Granted (in shares)	548,000
Released (in shares)	0
Canceled (in shares)	0
Outstanding at the end of the period (in shares)	1,091,556

Recovered_Sheet3

Summary of Significant Accounting Policies (Segment Information) (Details)	3 Months Ended
	Mar. 31, 2015
	segment
Segment Information
Number of reportable segments	2

Acquisitions_Details

Acquisitions (Details) (USD $)	3 Months Ended		1 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Jan. 31, 2014	Dec. 31, 2014
Acquisitions
Amount paid for acquisition	$0	$140,730,000
Loan receivable	33,463,000			34,000,000
Mandatory Quarterly Principal Payment Due on Term Loan to Third Party, Percent	1.25%
Casino Queen
Acquisitions
Annual rent of property leased back on a triple net basis	14,000,000
Operating lease, initial term of contract	15 years
Operating leases, number of renewal options	4
Operating lease, renewal term	5 years
Casino Queen
Acquisitions
Amount paid for acquisition			140,700,000
Transaction fees related to real estate acquisitions			700,000
Payments for term loan			43,000,000
Term of term loan			5 years
Interest rate on term loan (as a percent)			7.00%
Loan receivable	$33,500,000

Real_Estate_Investments_Detail

Real Estate Investments (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified	property
Real estate investments
Number of real estate properties	19
Total real estate investments	$2,746,226	$2,745,421
Less accumulated depreciation	-589,223	-565,297
Real estate investments, net	2,157,003	2,180,124
Land and improvements
Real estate investments
Total real estate investments	454,181	454,181
Building and improvements
Real estate investments
Total real estate investments	2,288,664	2,288,664
Construction in progress
Real estate investments
Total real estate investments	$3,381	$2,576

Property_and_Equipment_Used_in2

Property and Equipment Used in Operations (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Property and equipment used in operations
Total property and equipment	$258,699,000	$252,798,000
Less accumulated depreciation	-122,166,000	-118,770,000
Property and equipment, net	136,533,000	134,028,000
Land and improvements
Property and equipment used in operations
Total property and equipment	31,595,000	31,595,000
Building and improvements
Property and equipment used in operations
Total property and equipment	116,867,000	116,867,000
Furniture, fixtures, and equipment
Property and equipment used in operations
Total property and equipment	103,782,000	103,612,000
Construction in progress
Property and equipment used in operations
Total property and equipment	6,455,000	724,000
Hollywood Casino Perryville [Member] | Gaming equipment
Property and equipment used in operations
Payments to acquire gaming equipment	$5,000,000

Longterm_Debt_Schedule_of_Debt

Long-term Debt (Schedule of Debt) (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Long-term debt
Total Long-term debt	$2,576,463,000	$2,609,487,000
Current maturities of long-term debt	-99,000	-81,000
Long-term debt, net of current maturities	2,576,364,000	2,609,406,000
$550 million 4.375% senior unsecured notes due November 2018
Long-term debt
Total Long-term debt	550,000,000	550,000,000
Face amount of debt	550,000,000
Debt Instrument, Interest Rate, Stated Percentage	4.38%
$1,000 million 4.875% senior notes due November 2020
Long-term debt
Total Long-term debt	1,000,000,000	1,000,000,000
Face amount of debt	1,000,000,000
Debt Instrument, Interest Rate, Stated Percentage	4.88%
$500 million 5.375% senior notes due November 2023
Long-term debt
Total Long-term debt	500,000,000	500,000,000
Face amount of debt	500,000,000
Debt Instrument, Interest Rate, Stated Percentage	5.38%
Senior unsecured credit facility
Long-term debt
Total Long-term debt	525,000,000	558,000,000
Capital lease
Long-term debt
Total Long-term debt	$1,463,000	$1,487,000

Longterm_Debt_Maturities_of_Lo

Long-term Debt (Maturities of Long-Term Debt) (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Future minimum repayments of long-term debt
Within one year	$99
2 - 3 years	212
4 - 5 years	1,075,233
Over 5 years	1,500,919
Total Long-term debt	$2,576,463	$2,609,487

Longterm_Debt_Senior_Unsecured

Long-term Debt - Senior Unsecured Credit Facility (Narrative) (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Long-term debt
Line of credit facility, maximum borrowing capacity	$1,000,000,000
Long-term debt	2,576,463,000	2,609,487,000
Letters of credit outstanding, amount	900,000
Available borrowing capacity	474,100,000
Senior unsecured credit facility
Long-term debt
Long-term debt	525,000,000	558,000,000
Revolving credit facility
Long-term debt
Line of credit facility, maximum borrowing capacity	700,000,000
Outstanding balance on credit facility	225,000,000
Term Loan a Facility
Long-term debt
Line of credit facility, maximum borrowing capacity	300,000,000
Outstanding balance on credit facility	$300,000,000

Longterm_Debt_Senior_Unsecured1

Long-term Debt - Senior Unsecured Notes (Narrative) (Details)	Mar. 31, 2015
Senior Notes 4.375 Percent Due 2018 [Member]
Long-term debt
Debt Instrument, Interest Rate, Stated Percentage	4.38%
Senior Notes 4.875 Percent Due 2020 [Member]
Long-term debt
Debt Instrument, Interest Rate, Stated Percentage	4.88%
Senior Notes 5.375 Percent Due 2023 [Member]
Long-term debt
Debt Instrument, Interest Rate, Stated Percentage	5.38%

Longterm_Debt_Capital_Lease_Na

Long-term Debt - Capital Lease (Narrative) (Details) (Capital lease)	3 Months Ended
	Mar. 31, 2015
Capital lease
Long-term debt
Debt Instrument, Term	30 years

Commitments_and_Contingencies_

Commitments and Contingencies Litigation (Details) (USD $)	0 Months Ended
In Millions, unless otherwise specified	Jan. 07, 2015
Commitments and Contingencies Disclosure [Abstract]
Loss contingency, damages sought, value	$10

Dividends_Details

Dividends (Details) (USD $)	0 Months Ended				3 Months Ended		0 Months Ended		3 Months Ended
	Mar. 27, 2015	Feb. 03, 2015	Mar. 28, 2014	Feb. 18, 2014	Mar. 31, 2015	Mar. 31, 2014	Feb. 13, 2014	Dec. 19, 2014	Dec. 31, 2014
Dividends
Dividends payable, date declared		3-Feb-15		18-Feb-14
Quarterly dividend declared (in dollars per share)		$0.55		$0.52
Quarterly dividend paid (in dollars per share)					$0.55	$0.52
Dividends payable, date to be paid					27-Mar-15	28-Mar-14
Dividend paid	$62,100,000		$58,000,000
Dividends payable, date of record					10-Mar-15	7-Mar-14
Dividends, share-based compensation	600,000		1,000,000
Common stock outstanding (in shares)				88,691,827
Purging Distribution
Dividends
Dividends payable, date to be paid						18-Feb-14
Dividends, share-based compensation				1,000,000
Purging distribution				1,050,000,000
Total cash limitation on purging distribution				210,000,000
Percentage of stockholders who elected the cash distribution				54.30%
Percentage of stockholders who elected a stock distribution or made no election				45.70%
Cash dividend distributed per common share held by shareholders who elected cash distribution (in dollars per share)				$4.36
Stock dividend distributed per common share held by shareholders who elected cash distribution				0.195747
Stock dividend distributed per common share held by shareholders who elected stock distribution				0.309784
Period of trading days taken for calculation of volume weighted average price							3 days
Shares issued in connection with dividend payment				22,000,000
Purging Distribution | Weighted average
Dividends
Volume weighted average price (in dollars per share)							38.2162
Pre-Filing Agreement Distribution
Dividends
Dividends payable, date to be paid									19-Dec-14
Dividends, share-based compensation								700,000
Pre-filing agreement distribution								$37,000,000

Segment_Information_Details

Segment Information (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015		Mar. 31, 2014
Segment information
Net revenues	$162,661		$158,328
Income from operations	78,756		74,334
Interest, net	28,967		28,428
Income before income taxes	49,789		45,906
Income tax expense	2,702		1,594
Net income	47,087		44,312
Depreciation	27,411		26,522
Capital project expenditures, net of reimbursements	5,640		24,002
Capital maintenance expenditures	951		871
Eliminations
Segment information
Net revenues	0		0
Income from operations	0		0
Interest, net	-2,601	[1]	-2,601	[1]
Income before income taxes	0		0
Income tax expense	0		0
Net income	0		0
Depreciation	0		0
Capital project expenditures, net of reimbursements	0		0
Capital maintenance expenditures	0		0
GLP Capital
Segment information
Net revenues	124,854		118,112
Income from operations	71,556		67,871
Interest, net	28,968		28,428
Income before income taxes	45,189		42,044
Income tax expense	810		0
Net income	44,379		42,044
Depreciation	24,393		23,441
Capital project expenditures, net of reimbursements	609		24,002
Capital maintenance expenditures	0		0
TRS Properties
Segment information
Net revenues	37,807		40,216
Income from operations	7,200		6,463
Interest, net	2,600		2,601
Income before income taxes	4,600		3,862
Income tax expense	1,892		1,594
Net income	2,708		2,268
Depreciation	3,018		3,081
Capital project expenditures, net of reimbursements	5,031		0
Capital maintenance expenditures	$951		$871
[1]	Amounts in the "Eliminations" column represent the elimination of intercompany interest payments from the Company’s TRS Properties business segment to its GLP Capital business segment.

Supplemental_Disclosures_of_Ca1

Supplemental Disclosures of Cash Flow Information (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Supplemental Cash Flow Elements [Abstract]
Income taxes paid	$0	$13,800,000
Interest paid	$2,600,000	$2,100,000

Related_Party_Transactions_Det

Related Party Transactions (Details) (USD $)	3 Months Ended
	Mar. 31, 2015
Wyomissing Professional Center Inc | Chief Executive Officer
Related Party Transaction [Line Items]
Amounts of transaction	$39,000
CB Consulting Group LLC | Chairman of the Board and Chief Executive Officer's Son
Related Party Transaction [Line Items]
Amounts of transaction	$0
Percentage of construction cost paid to Construction Manager for management services	3.00%

Supplementary_Condensed_Consol2

Supplementary Condensed Consolidating Financial Information of Parent Guarantor and Subsidiary Issuers (Balance Sheet) (Details) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
Assets
Real estate investments, net	2,157,003	$2,180,124
Property and equipment, used in operations, net	136,533	134,028
Cash and cash equivalents	45,367	35,973	48,278	285,221
Prepaid expenses	7,468	7,900
Deferred tax assets, current	1,568	2,015
Other current assets	47,644	45,254
Goodwill	75,521	75,521
Other intangible assets	9,577	9,577
Debt issuance costs, net of accumulated amortization of $11,347 and $9,327 at March 31, 2015 and December 31, 2014, respectively	37,106	39,126
Loan receivable	33,463	34,000
Intercompany loan receivable	0	0
Intercompany transactions and investment in subsidiaries	0	0
Deferred tax assets, non-current	808	679
Other assets	419	383
Total assets	2,552,477	2,564,580
Liabilities
Accounts payable	3,301	4,409
Accrued expenses	5,756	5,339
Accrued interest	42,431	17,528
Accrued salaries and wages	6,387	12,581
Gaming, property, and other taxes	25,132	22,741
Income taxes	1,572	0
Current maturities of long-term debt	99	81
Other current liabilities	16,237	15,788
Long-term debt, net of current maturities	2,576,364	2,609,406
Intercompany loan payable	0	0
Deferred tax liabilities, non-current	738	1,443
Total liabilities	2,678,017	2,689,316
Shareholders’ deficit
Common stock ($.01 par value, 550,000,000 shares authorized, 114,213,335 and 112,981,088 shares issued at March 31, 2015 and December 31, 2014, respectively)	1,142	1,130
Additional paid-in capital	903,608	888,860
Retained deficit	-1,030,290	-1,014,726
Total shareholders’ deficit	-125,540	-124,736
Total liabilities and shareholders’ deficit	2,552,477	2,564,580
Debt issuance costs, accumulated amortization	11,347	9,327
Common stock, par value (in dollars per share)	0.01	$0.01
Common stock, shares authorized	550,000,000	550,000,000
Common stock, shares issued	114,213,335	112,981,088
Consolidation, Eliminations
Assets
Real estate investments, net	0	0
Property and equipment, used in operations, net	0	0
Cash and cash equivalents	0	0	0	0
Prepaid expenses	0	1,498
Deferred tax assets, current	0	0
Other current assets	0	0
Goodwill	0	0
Other intangible assets	0	0
Debt issuance costs, net of accumulated amortization of $11,347 and $9,327 at March 31, 2015 and December 31, 2014, respectively	0	0
Loan receivable	0	0
Intercompany loan receivable	-193,595	-193,595
Intercompany transactions and investment in subsidiaries	-154,010	-121,360
Deferred tax assets, non-current	0	0
Other assets	0	0
Total assets	-347,605	-313,457
Liabilities
Accounts payable	0	0
Accrued expenses	0	0
Accrued interest	0	0
Accrued salaries and wages	0	0
Gaming, property, and other taxes	0	0
Income taxes	0	1,498
Current maturities of long-term debt	0	0
Other current liabilities	0	0
Long-term debt, net of current maturities	0	0
Intercompany loan payable	-193,595	-193,595
Deferred tax liabilities, non-current	0	0
Total liabilities	-193,595	-192,097
Shareholders’ deficit
Common stock ($.01 par value, 550,000,000 shares authorized, 114,213,335 and 112,981,088 shares issued at March 31, 2015 and December 31, 2014, respectively)	-2,284	0
Additional paid-in capital	-1,960,053	-432,358
Retained deficit	1,808,327	310,998
Total shareholders’ deficit	-154,010	-121,360
Total liabilities and shareholders’ deficit	-347,605	-313,457
GLP Capital, L.P. [Member]
Supplementary condensed consolidating financial information of parent guarantor and subsidiary issuers
Ownership percentage of subsidiaries	100.00%
GLP Financing II, Inc. [Member]
Supplementary condensed consolidating financial information of parent guarantor and subsidiary issuers
Ownership percentage of subsidiaries	100.00%
Parent Guarantor
Assets
Real estate investments, net	0	0
Property and equipment, used in operations, net	0	25,228
Cash and cash equivalents	0	2,643	1,799	42,801
Prepaid expenses	0	1,096
Deferred tax assets, current	0	0
Other current assets	0	14,947
Goodwill	0	0
Other intangible assets	0	0
Debt issuance costs, net of accumulated amortization of $11,347 and $9,327 at March 31, 2015 and December 31, 2014, respectively	0	0
Loan receivable	0	0
Intercompany loan receivable	0	0
Intercompany transactions and investment in subsidiaries	-125,540	-138,987
Deferred tax assets, non-current	0	0
Other assets	0	256
Total assets	-125,540	-94,817
Liabilities
Accounts payable	0	4,011
Accrued expenses	0	514
Accrued interest	0	0
Accrued salaries and wages	0	10,013
Gaming, property, and other taxes	0	1,012
Income taxes	0	0
Current maturities of long-term debt	0	0
Other current liabilities	0	14,369
Long-term debt, net of current maturities	0	0
Intercompany loan payable	0	0
Deferred tax liabilities, non-current	0	0
Total liabilities	0	29,919
Shareholders’ deficit
Common stock ($.01 par value, 550,000,000 shares authorized, 114,213,335 and 112,981,088 shares issued at March 31, 2015 and December 31, 2014, respectively)	1,142	1,130
Additional paid-in capital	903,608	888,860
Retained deficit	-1,030,290	-1,014,726
Total shareholders’ deficit	-125,540	-124,736
Total liabilities and shareholders’ deficit	-125,540	-94,817
Common stock, par value (in dollars per share)	0.01	$0.01
Common stock, shares authorized	550,000,000	550,000,000
Common stock, shares issued	114,213,335	112,981,088
Subsidiary Issuers
Assets
Real estate investments, net	2,019,952	2,042,311
Property and equipment, used in operations, net	24,775	0
Cash and cash equivalents	20,020	4,450	16,188	221,095
Prepaid expenses	4,408	2,196
Deferred tax assets, current	0	0
Other current assets	44,115	27,417
Goodwill	0	0
Other intangible assets	0	0
Debt issuance costs, net of accumulated amortization of $11,347 and $9,327 at March 31, 2015 and December 31, 2014, respectively	37,106	39,126
Loan receivable	0	0
Intercompany loan receivable	193,595	193,595
Intercompany transactions and investment in subsidiaries	194,180	195,092
Deferred tax assets, non-current	0	0
Other assets	292	0
Total assets	2,538,443	2,504,187
Liabilities
Accounts payable	2,636	188
Accrued expenses	1,041	119
Accrued interest	42,431	17,528
Accrued salaries and wages	4,283	0
Gaming, property, and other taxes	21,548	18,874
Income taxes	682	-165
Current maturities of long-term debt	99	81
Other current liabilities	14,901	0
Long-term debt, net of current maturities	2,576,364	2,609,406
Intercompany loan payable	0	0
Deferred tax liabilities, non-current	0	0
Total liabilities	2,663,985	2,646,031
Shareholders’ deficit
Common stock ($.01 par value, 550,000,000 shares authorized, 114,213,335 and 112,981,088 shares issued at March 31, 2015 and December 31, 2014, respectively)	1,142	0
Additional paid-in capital	903,608	139,811
Retained deficit	-1,030,292	-281,655
Total shareholders’ deficit	-125,542	-141,844
Total liabilities and shareholders’ deficit	2,538,443	2,504,187
Debt issuance costs, accumulated amortization	11,347	9,327
Other Subsidiary Non-Issuers
Assets
Real estate investments, net	137,051	137,813
Property and equipment, used in operations, net	111,758	108,800
Cash and cash equivalents	25,347	28,880	30,291	21,325
Prepaid expenses	3,060	3,110
Deferred tax assets, current	1,568	2,015
Other current assets	3,529	2,890
Goodwill	75,521	75,521
Other intangible assets	9,577	9,577
Debt issuance costs, net of accumulated amortization of $11,347 and $9,327 at March 31, 2015 and December 31, 2014, respectively	0	0
Loan receivable	33,463	34,000
Intercompany loan receivable	0	0
Intercompany transactions and investment in subsidiaries	85,370	65,255
Deferred tax assets, non-current	808	679
Other assets	127	127
Total assets	487,179	468,667
Liabilities
Accounts payable	665	210
Accrued expenses	4,715	4,706
Accrued interest	0	0
Accrued salaries and wages	2,104	2,568
Gaming, property, and other taxes	3,584	2,855
Income taxes	890	-1,333
Current maturities of long-term debt	0	0
Other current liabilities	1,336	1,419
Long-term debt, net of current maturities	0	0
Intercompany loan payable	193,595	193,595
Deferred tax liabilities, non-current	738	1,443
Total liabilities	207,627	205,463
Shareholders’ deficit
Common stock ($.01 par value, 550,000,000 shares authorized, 114,213,335 and 112,981,088 shares issued at March 31, 2015 and December 31, 2014, respectively)	1,142	0
Additional paid-in capital	1,056,445	292,547
Retained deficit	-778,035	-29,343
Total shareholders’ deficit	279,552	263,204
Total liabilities and shareholders’ deficit	487,179	$468,667

Supplementary_Condensed_Consol3

Supplementary Condensed Consolidating Financial Information of Parent Guarantor and Subsidiary Issuers (Income Statement) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Revenues
Rental	$111,504	$106,114
Real estate taxes paid by tenants	13,350	11,998
Total rental revenue	124,854	118,112
Gaming	36,379	38,755
Food, beverage and other	2,815	2,831
Total revenues	164,048	159,698
Less promotional allowances	-1,387	-1,370
Net revenues	162,661	158,328
Operating expenses
Gaming	19,016	21,562
Food, beverage and other	2,184	2,546
Real estate taxes	13,755	12,423
General and administrative	21,539	20,941
Depreciation	27,411	26,522
Total operating expenses	83,905	83,994
Income from operations	78,756	74,334
Other income (expenses)
Interest expense	-29,562	-28,974
Interest income	595	546
Intercompany dividends and interest	0	0
Total other expenses	-28,967	-28,428
Income before income taxes	49,789	45,906
Income tax expense	2,702	1,594
Net income	47,087	44,312
Eliminations
Revenues
Rental	0	0
Real estate taxes paid by tenants	0	0
Total rental revenue	0	0
Gaming	0	0
Food, beverage and other	0	0
Total revenues	0	0
Less promotional allowances	0	0
Net revenues	0	0
Operating expenses
Gaming	0	0
Food, beverage and other	0	0
Real estate taxes	0	0
General and administrative	0	0
Depreciation	0	0
Total operating expenses	0	0
Income from operations	0	0
Other income (expenses)
Interest expense	0	0
Interest income	0	0
Intercompany dividends and interest	-10,486	-561,002
Total other expenses	-10,486	-561,002
Income before income taxes	-10,486	-561,002
Income tax expense	0	0
Net income	-10,486	-561,002
Parent Guarantor
Revenues
Rental	0	0
Real estate taxes paid by tenants	0	0
Total rental revenue	0	0
Gaming	0	0
Food, beverage and other	0	0
Total revenues	0	0
Less promotional allowances	0	0
Net revenues	0	0
Operating expenses
Gaming	0	0
Food, beverage and other	0	0
Real estate taxes	0	0
General and administrative	0	14,084
Depreciation	0	439
Total operating expenses	0	14,523
Income from operations	0	-14,523
Other income (expenses)
Interest expense	0	0
Interest income	0	0
Intercompany dividends and interest	0	275,012
Total other expenses	0	275,012
Income before income taxes	0	260,489
Income tax expense	0	0
Net income	0	260,489
Subsidiary Issuers
Revenues
Rental	108,004	103,442
Real estate taxes paid by tenants	12,827	11,629
Total rental revenue	120,831	115,071
Gaming	0	0
Food, beverage and other	0	0
Total revenues	120,831	115,071
Less promotional allowances	0	0
Net revenues	120,831	115,071
Operating expenses
Gaming	0	0
Food, beverage and other	0	0
Real estate taxes	12,827	11,629
General and administrative	15,556	718
Depreciation	23,632	22,283
Total operating expenses	52,015	34,630
Income from operations	68,816	80,441
Other income (expenses)
Interest expense	-29,562	-28,974
Interest income	10	0
Intercompany dividends and interest	10,086	8,986
Total other expenses	-19,466	-19,988
Income before income taxes	49,350	60,453
Income tax expense	810	0
Net income	48,540	60,453
Other Subsidiary Non-Issuers
Revenues
Rental	3,500	2,672
Real estate taxes paid by tenants	523	369
Total rental revenue	4,023	3,041
Gaming	36,379	38,755
Food, beverage and other	2,815	2,831
Total revenues	43,217	44,627
Less promotional allowances	-1,387	-1,370
Net revenues	41,830	43,257
Operating expenses
Gaming	19,016	21,562
Food, beverage and other	2,184	2,546
Real estate taxes	928	794
General and administrative	5,983	6,139
Depreciation	3,779	3,800
Total operating expenses	31,890	34,841
Income from operations	9,940	8,416
Other income (expenses)
Interest expense	0	0
Interest income	585	546
Intercompany dividends and interest	400	277,004
Total other expenses	985	277,550
Income before income taxes	10,925	285,966
Income tax expense	1,892	1,594
Net income	$9,033	$284,372

Supplementary_Condensed_Consol4

Supplementary Condensed Consolidating Financial Information of Parent Guarantor and Subsidiary Issuers (Cash Flow) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Operating activities
Net income	$47,087	$44,312
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	27,411	26,522
Amortization of debt issuance costs	2,020	2,007
Losses on dispositions of property	1	158
Deferred income taxes	-386	-898
Stock-based compensation	4,394	1,951
Decrease (increase),
Prepaid expenses and other current assets	838	-5,201
Other assets	0	-273
Intercompany	0	0
(Decrease) increase,
Accounts payable	-1,345	43
Accrued expenses	415	-6,788
Accrued interest	24,903	24,814
Accrued salaries and wages	-6,194	-2,202
Gaming, pari-mutuel, property and other taxes	-406	4,975
Income taxes	1,572	-11,367
Other current and noncurrent liabilities	449	1,674
Net cash provided by operating activities	100,759	79,727
Investing activities
Capital project expenditures, net of reimbursements	-5,640	-24,002
Capital maintenance expenditures	-951	-871
Proceeds from sale of property and equipment	5	0
Increase in cash escrow	0	-3,356
Funding of loan receivable	0	-43,000
Principal payments on loan receivable	538	2,000
Acquisition of real estate	0	-140,730
Other investing activities	-36	0
Net cash used in investing activities	-6,084	-209,959
Financing activities
Dividends paid	-62,651	-270,040
Proceeds from exercise of options	10,394	13,321
Proceeds from issuance of long-term debt	0	182,008
Financing costs	0	0
Payments of long-term debt	-33,024	-32,000
Intercompany financing	0	0
Net cash used in financing activities	-85,281	-106,711
Net increase (decrease) in cash and cash equivalents	9,394	-236,943
Cash and cash equivalents at beginning of period	35,973	285,221
Cash and cash equivalents at end of period	45,367	48,278
Eliminations
Operating activities
Net income	-10,486	-561,002
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	0	0
Amortization of debt issuance costs	0	0
Losses on dispositions of property	0	0
Deferred income taxes	0	0
Stock-based compensation	0	0
Decrease (increase),
Prepaid expenses and other current assets	0	0
Other assets	0	0
Intercompany	0	0
(Decrease) increase,
Accounts payable	0	0
Accrued expenses	0	0
Accrued interest	0	0
Accrued salaries and wages	0	0
Gaming, pari-mutuel, property and other taxes	0	0
Income taxes	0	0
Other current and noncurrent liabilities	0	0
Net cash provided by operating activities	-10,486	-561,002
Investing activities
Capital project expenditures, net of reimbursements	0	0
Capital maintenance expenditures	0	0
Proceeds from sale of property and equipment	0	0
Increase in cash escrow		0
Funding of loan receivable	0	0
Principal payments on loan receivable	0	0
Acquisition of real estate	0	0
Other investing activities	0
Net cash used in investing activities	0	0
Financing activities
Dividends paid	0	0
Proceeds from exercise of options	0	0
Proceeds from issuance of long-term debt	0	0
Financing costs	0	0
Payments of long-term debt	0	0
Intercompany financing	10,486	561,002
Net cash used in financing activities	10,486	561,002
Net increase (decrease) in cash and cash equivalents	0	0
Cash and cash equivalents at beginning of period	0	0
Cash and cash equivalents at end of period	0	0
Parent Guarantor
Operating activities
Net income	0	260,489
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	0	439
Amortization of debt issuance costs	0	0
Losses on dispositions of property	0	0
Deferred income taxes	0	0
Stock-based compensation	0	1,951
Decrease (increase),
Prepaid expenses and other current assets	0	1,028
Other assets	0	-249
Intercompany	0	-2,455
(Decrease) increase,
Accounts payable	0	3,322
Accrued expenses	0	-7,526
Accrued interest	0	0
Accrued salaries and wages	0	-1,625
Gaming, pari-mutuel, property and other taxes	0	11
Income taxes	0	-11,511
Other current and noncurrent liabilities	0	448
Net cash provided by operating activities	0	244,322
Investing activities
Capital project expenditures, net of reimbursements	0	-1,533
Capital maintenance expenditures	0	0
Proceeds from sale of property and equipment	0	0
Increase in cash escrow		0
Funding of loan receivable	0	0
Principal payments on loan receivable	0	0
Acquisition of real estate	0	0
Other investing activities	0
Net cash used in investing activities	0	-1,533
Financing activities
Dividends paid	-62,651	-270,040
Proceeds from exercise of options	10,394	13,321
Proceeds from issuance of long-term debt	0	0
Financing costs	0	0
Payments of long-term debt	0	0
Intercompany financing	49,614	-27,072
Net cash used in financing activities	-2,643	-283,791
Net increase (decrease) in cash and cash equivalents	-2,643	-41,002
Cash and cash equivalents at beginning of period	2,643	42,801
Cash and cash equivalents at end of period	0	1,799
Subsidiary Issuers
Operating activities
Net income	48,540	60,453
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	23,632	22,283
Amortization of debt issuance costs	2,020	2,007
Losses on dispositions of property	0	0
Deferred income taxes	0	0
Stock-based compensation	4,394	0
Decrease (increase),
Prepaid expenses and other current assets	-593	-3,392
Other assets	0	0
Intercompany	2,365	-2,601
(Decrease) increase,
Accounts payable	-1,800	-3,154
Accrued expenses	408	160
Accrued interest	24,903	24,814
Accrued salaries and wages	-5,730	0
Gaming, pari-mutuel, property and other taxes	-613	2,060
Income taxes	847	0
Other current and noncurrent liabilities	532	0
Net cash provided by operating activities	98,905	102,630
Investing activities
Capital project expenditures, net of reimbursements	-609	-22,469
Capital maintenance expenditures	0	0
Proceeds from sale of property and equipment	0	0
Increase in cash escrow		-3,356
Funding of loan receivable	0	0
Principal payments on loan receivable	0	0
Acquisition of real estate	0	0
Other investing activities	-36
Net cash used in investing activities	-645	-25,825
Financing activities
Dividends paid	0	0
Proceeds from exercise of options	0	0
Proceeds from issuance of long-term debt	0	182,008
Financing costs	0	0
Payments of long-term debt	-33,024	-32,000
Intercompany financing	-49,666	-431,720
Net cash used in financing activities	-82,690	-281,712
Net increase (decrease) in cash and cash equivalents	15,570	-204,907
Cash and cash equivalents at beginning of period	4,450	221,095
Cash and cash equivalents at end of period	20,020	16,188
Other Subsidiary Non-Issuers
Operating activities
Net income	9,033	284,372
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	3,779	3,800
Amortization of debt issuance costs	0	0
Losses on dispositions of property	1	158
Deferred income taxes	-386	-898
Stock-based compensation	0	0
Decrease (increase),
Prepaid expenses and other current assets	1,431	-2,837
Other assets	0	-24
Intercompany	-2,365	5,056
(Decrease) increase,
Accounts payable	455	-125
Accrued expenses	7	578
Accrued interest	0	0
Accrued salaries and wages	-464	-577
Gaming, pari-mutuel, property and other taxes	207	2,904
Income taxes	725	144
Other current and noncurrent liabilities	-83	1,226
Net cash provided by operating activities	12,340	293,777
Investing activities
Capital project expenditures, net of reimbursements	-5,031	0
Capital maintenance expenditures	-951	-871
Proceeds from sale of property and equipment	5	0
Increase in cash escrow		0
Funding of loan receivable	0	-43,000
Principal payments on loan receivable	538	2,000
Acquisition of real estate	0	-140,730
Other investing activities	0
Net cash used in investing activities	-5,439	-182,601
Financing activities
Dividends paid	0	0
Proceeds from exercise of options	0	0
Proceeds from issuance of long-term debt	0	0
Financing costs	0	0
Payments of long-term debt	0	0
Intercompany financing	-10,434	-102,210
Net cash used in financing activities	-10,434	-102,210
Net increase (decrease) in cash and cash equivalents	-3,533	8,966
Cash and cash equivalents at beginning of period	28,880	21,325
Cash and cash equivalents at end of period	$25,347	$30,291