A combination of Pinnacle’s assets, including Cactus Pete’s in Nevada, with GLPI’s would create the third largest triple-net lease REIT. WYOMISSING, PA- Gaming and Leisure Properties Inc. on Tuesday said it was sweetening the pot for Pinnacle Entertainment ‘s board of directors, offering to buy the real estate assets of PNK and spin off its operating business in an OpCo/PropCo arrangement.