Gaming & Leisure Properties(GLPI) - 2023 Q3 - Earnings Call Transcript

We still anticipate an annualized rent reduction in the amended PENN lease percentage rent between $5 million and $6 million beginning in November of this year, which was negatively impacted by casino closures from COVID during the 5-year reset period. We also expect full escalation of $4.2 million annualized on this lease. In addition, $3.5 million of escalation on the PENN 2023 master lease. Peter Carlino On the topic of new opportunities to grow the portfolio, we remain disciplined thoughtful and measure ...