Gaming & Leisure Properties is a self-administered and self-managed Pennsylvania real estate investment trust. Co.'s primary business consists of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. Co. has two reportable segments: GLP Capital, L.P. (GLP Capital), which is a wholly-owned subsidiary of Co.; and the TRS Properties. The GLP Capital reportable segment consists of the leased real property and represents the majority of Co.'s business. The TRS Properties reportable segment consists of Hollywood Casino Perryville and Hollywood Casino Baton Rouge.