as of december 31 , 2017 , the majority of our earnings are the result of the rental revenues we receive from our triple-net master leases with penn and pinnacle . additionally , we have rental revenue from the casino queen property which is 39 leased back to a third party operator on a triple-net basis and the meadows property which is leased to pinnacle under a triple-net lease separate from the pinnacle master lease . in addition to rent , the tenants are required to pay the following executory costs : ( 1 ) all facility maintenance , ( 2 ) all insurance required in connection with the leased properties and the business conducted on the leased properties , including coverage of the landlord 's interests , ( 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 . additionally , in accordance with asc 605 , we record revenue for the real estate taxes paid by our tenants on the leased properties with an offsetting expense in general and administrative expense within the consolidated statement of income , as we believe we are the primary obligor . similarly , we record revenue for the ground lease rent paid by our tenants with an offsetting expense in general and administrative expense within the consolidated statement of income as we have concluded that as the lessee we are the primary obligor under the ground leases . we sublease these ground leases back to our tenants , who are responsible for payment directly to the landlord . gaming revenue generated by our trs properties is derived primarily from video lottery gaming revenue and to a lesser extent , table game and poker revenue , which is highly dependent upon the volume and spending levels of customers at our trs properties . other revenues at our trs properties are derived from dining , retail , and certain other ancillary activities . our competitive strengths we believe the following competitive strengths will contribute significantly to our success : geographically diverse property portfolio as of december 31 , 2017 , our portfolio consisted of 38 gaming and related facilities . our portfolio comprises approximately 15.4 million of property square footage and over 5,200 acres of owned and leased land and is broadly diversified by location across 14 states . our geographic diversification will limit the effect of a decline in any one regional market on our overall performance . financially secure tenants as of december 31 , 2017 , substantially all of the company 's real estate properties were leased to penn or pinnacle and approximately 53 % and 45 % of the company 's collective rental revenues and income from direct financing lease were derived from tenant leases with penn and pinnacle , respectively . penn and pinnacle are both leading , diversified , multi-jurisdictional owners and managers of gaming and pari-mutuel properties and established gaming providers with strong financial performance . penn and pinnacle are publicly traded companies that are subject to the informational filing requirements of the securities exchange act of 1934 , as amended , and are required to file periodic reports on form 10-k and form 10-q and current reports on form 8-k with the securities and exchange commission . readers are directed to penn and pinnacle 's respective websites for further financial information on these companies . as disclosed above , penn has entered into an agreement to acquire pinnacle and we expect that transaction to close in the second half of 2018. long-term , triple-net lease structure our real estate properties are leased under long-term triple-net leases guaranteed by our tenants , pursuant to which the tenant is responsible for all facility maintenance , insurance required in connection with the leased properties and the business conducted on the leased properties , taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties . flexible upreit structure we have the flexibility to operate through an umbrella partnership , commonly referred to as an upreit structure , in which substantially all of our properties and assets are held by glp capital or by subsidiaries of glp capital . conducting business through glp capital allows us flexibility in the manner in which we structure and acquire properties . in particular , an upreit structure enables us to acquire additional properties from sellers in exchange for limited partnership units , which provides property owners the opportunity to defer the tax consequences that would otherwise arise from a sale of their real properties and other assets to us . as a result , this structure potentially may facilitate our acquisition of assets in a more efficient manner and may allow us to acquire assets that the owner would otherwise be unwilling to sell because of tax considerations . we believe that this flexibility will provide us an advantage in seeking future acquisitions . 40 experienced and committed management team although our management team has limited experience in operating a reit , it has extensive gaming and real estate experience . peter m. carlino , chief executive officer of glpi , has more than 30 years of experience in the acquisition and development of gaming facilities and other real estate projects . william j. clifford , chief financial officer of glpi , is a finance professional with more than 30 years of experience in the gaming industry , including four years of gaming regulatory experience , sixteen years of casino property operations , and sixteen years of corporate experience . story_separator_special_tag we group our real estate investments together by lease , the lowest level for which identifiable cash flows are available , in evaluating impairment . in assessing the recoverability of the carrying value , we must make assumptions regarding future cash flows and other factors . factors considered in performing this assessment include current operating results , market and other applicable trends and residual values , as well as the effect of obsolescence , demand , competition and other factors . if these estimates or the related assumptions change in the future , we may be required to record an impairment loss . goodwill and other intangible assets at december 31 , 2017 , we had $ 75.5 million in goodwill and $ 9.6 million in other intangible assets within our consolidated balance sheet , resulting from the contribution of hollywood casino baton rouge and hollywood casino perryville in connection with the spin-off . our goodwill resides on the books of our hollywood casino baton rouge subsidiary , while the other intangible asset represents a gaming license on the books of our hollywood casino perryville subsidiary . both subsidiaries are members of the trs properties segment and are considered separate reporting units under asc 350 , `` intangibles - goodwill and other `` ( `` asc 350 `` ) . goodwill is tested at the reporting unit level , which is an operating segment or one level below an operating segment for which discrete financial information is available . under asc 350 , we are required to test goodwill for impairment at least annually and whenever events or circumstances indicate that it is more likely than not that goodwill may be impaired . we have elected to perform our annual goodwill impairment test as of october 1 of each year . asc 350 prescribes a two-step goodwill impairment test , the first step which involves the determination of the fair value of each reporting unit and its comparison to the carrying amount . in order to determine the fair value of the baton rouge reporting unit , the company utilized a discounted cash flow model , which relied on projected ebitda to determine the reporting unit 's future cash flows . if the carrying amount exceeds the fair value in step 1 , then step 2 of the impairment test is performed to determine the implied value of goodwill . if the implied value of goodwill is less than the goodwill allocated to the reporting unit , an impairment loss is recognized . in accordance with asc 350 , we consider the hollywood casino perryville gaming license an indefinite-lived intangible asset that does not require amortization based on our future expectations to operate this casino indefinitely as well as the gaming industry 's historical experience in renewing these intangible assets at minimal cost with various state gaming commissions . rather , the gaming license is tested annually , or more frequently if indicators of impairment exist , for impairment by comparing the fair value of the recorded asset to its carrying amount . if the carrying amount of the indefinite-life intangible asset exceeds its fair value , an impairment loss is recognized . hollywood casino perryville 's gaming license will expire in september 2025 , fifteen years from the casino 's opening date . we expect to expense any costs related to the gaming license renewal as incurred . 44 we assessed the fair value of our gaming license using the greenfield method under the income approach . the greenfield method estimates the fair value of the gaming license assuming we built a casino with similar utility to that of the existing facility . the method assumes a theoretical start-up company going into business without any assets other than the intangible asset being valued . as such the value of the license is a function of the following items : projected revenues and operating cash flows ; theoretical construction costs and duration ; pre-opening expenses ; discounting that reflects the level of risk associated with receiving future cash flows attributable to the license ; and remaining useful life of the license . the evaluation of goodwill and indefinite-lived intangible assets requires the use of estimates about future operating results to determine the estimated fair value of the reporting unit and the indefinite-lived intangible assets . we must make various assumptions and estimates in performing our impairment testing . the implied fair value includes estimates of future cash flows that are based on reasonable and supportable assumptions which represent our best estimates of the cash flows expected to result from the use of the assets . changes in estimates , increases in our cost of capital , reductions in transaction multiples , changes in operating and capital expenditure assumptions or application of alternative assumptions and definitions could produce significantly different results . future cash flow estimates are , by their nature , subjective and actual results may differ materially from our estimates . if our ongoing estimates of future cash flows are not met , we may have to record additional impairment charges in future accounting periods . our estimates of cash flows are based on the current regulatory and economic climates , as well as recent operating information and budgets . these estimates could be negatively impacted by changes in federal , state or local regulations , economic downturns , or other events . forecasted cash flows can be significantly impacted by the local economy in which our subsidiaries operate . for example , increases in unemployment rates can result in decreased customer visitations and or lower customer spend per visit . in addition , new legislation which approves gaming in nearby jurisdictions or further expands gaming in jurisdictions in which we operate can result in increased competition for the property . this generally has a negative effect on profitability once competitors become established , as a certain level of cannibalization occurs absent an overall increase in customer visitations .

net cash provided by operating activities was $ 598.7 million , $ 514.4 million and $ 319.7 million during the years ended december 31 , 2017 , 2016 and 2015 , respectively . the increase in net cash provided by operating activities of $ 84.3 million for the year ended december 31 , 2017 as compared to the year ended december 31 , 2016 was primarily comprised of an increase in cash receipts from customers/tenants of $ 129.3 million , ( excluding cash received from pinnacle and classified as an investing activity ) and a decrease in cash paid to employees of $ 10.6 million , partially offset by increases in cash paid for operating expenses , interest and taxes of $ 1.2 million , $ 49.9 million and $ 4.3 million , respectively . the increase in cash receipts collected from our customers and tenants for the year ended december 31 , 2017 as compared to the year ended december 31 , 2016 was primarily due to a full year of rent received under both the pinnacle master lease and the meadows lease , as well as the additional rent received from penn related to the new tunica properties , the performance of the ohio properties and the impact of the rent escalators under both master leases , partially offset by a decrease in our trs properties ' net revenues . the increase in cash paid for interest was related to the company 's april 2016 acquisition of pinnacle 's real estate assets and the related borrowings .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```net cash provided by operating activities was $ 598.7 million , $ 514.4 million and $ 319.7 million during the years ended december 31 , 2017 , 2016 and 2015 , respectively . the increase in net cash provided by operating activities of $ 84.3 million for the year ended december 31 , 2017 as compared to the year ended december 31 , 2016 was primarily comprised of an increase in cash receipts from customers/tenants of $ 129.3 million , ( excluding cash received from pinnacle and classified as an investing activity ) and a decrease in cash paid to employees of $ 10.6 million , partially offset by increases in cash paid for operating expenses , interest and taxes of $ 1.2 million , $ 49.9 million and $ 4.3 million , respectively . the increase in cash receipts collected from our customers and tenants for the year ended december 31 , 2017 as compared to the year ended december 31 , 2016 was primarily due to a full year of rent received under both the pinnacle master lease and the meadows lease , as well as the additional rent received from penn related to the new tunica properties , the performance of the ohio properties and the impact of the rent escalators under both master leases , partially offset by a decrease in our trs properties ' net revenues . the increase in cash paid for interest was related to the company 's april 2016 acquisition of pinnacle 's real estate assets and the related borrowings .
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 Suspicious Activity Report : as of december 31 , 2017 , the majority of our earnings are the result of the rental revenues we receive from our triple-net master leases with penn and pinnacle . additionally , we have rental revenue from the casino queen property which is 39 leased back to a third party operator on a triple-net basis and the meadows property which is leased to pinnacle under a triple-net lease separate from the pinnacle master lease . in addition to rent , the tenants are required to pay the following executory costs : ( 1 ) all facility maintenance , ( 2 ) all insurance required in connection with the leased properties and the business conducted on the leased properties , including coverage of the landlord 's interests , ( 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 . additionally , in accordance with asc 605 , we record revenue for the real estate taxes paid by our tenants on the leased properties with an offsetting expense in general and administrative expense within the consolidated statement of income , as we believe we are the primary obligor . similarly , we record revenue for the ground lease rent paid by our tenants with an offsetting expense in general and administrative expense within the consolidated statement of income as we have concluded that as the lessee we are the primary obligor under the ground leases . we sublease these ground leases back to our tenants , who are responsible for payment directly to the landlord . gaming revenue generated by our trs properties is derived primarily from video lottery gaming revenue and to a lesser extent , table game and poker revenue , which is highly dependent upon the volume and spending levels of customers at our trs properties . other revenues at our trs properties are derived from dining , retail , and certain other ancillary activities . our competitive strengths we believe the following competitive strengths will contribute significantly to our success : geographically diverse property portfolio as of december 31 , 2017 , our portfolio consisted of 38 gaming and related facilities . our portfolio comprises approximately 15.4 million of property square footage and over 5,200 acres of owned and leased land and is broadly diversified by location across 14 states . our geographic diversification will limit the effect of a decline in any one regional market on our overall performance . financially secure tenants as of december 31 , 2017 , substantially all of the company 's real estate properties were leased to penn or pinnacle and approximately 53 % and 45 % of the company 's collective rental revenues and income from direct financing lease were derived from tenant leases with penn and pinnacle , respectively . penn and pinnacle are both leading , diversified , multi-jurisdictional owners and managers of gaming and pari-mutuel properties and established gaming providers with strong financial performance . penn and pinnacle are publicly traded companies that are subject to the informational filing requirements of the securities exchange act of 1934 , as amended , and are required to file periodic reports on form 10-k and form 10-q and current reports on form 8-k with the securities and exchange commission . readers are directed to penn and pinnacle 's respective websites for further financial information on these companies . as disclosed above , penn has entered into an agreement to acquire pinnacle and we expect that transaction to close in the second half of 2018. long-term , triple-net lease structure our real estate properties are leased under long-term triple-net leases guaranteed by our tenants , pursuant to which the tenant is responsible for all facility maintenance , insurance required in connection with the leased properties and the business conducted on the leased properties , taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties . flexible upreit structure we have the flexibility to operate through an umbrella partnership , commonly referred to as an upreit structure , in which substantially all of our properties and assets are held by glp capital or by subsidiaries of glp capital . conducting business through glp capital allows us flexibility in the manner in which we structure and acquire properties . in particular , an upreit structure enables us to acquire additional properties from sellers in exchange for limited partnership units , which provides property owners the opportunity to defer the tax consequences that would otherwise arise from a sale of their real properties and other assets to us . as a result , this structure potentially may facilitate our acquisition of assets in a more efficient manner and may allow us to acquire assets that the owner would otherwise be unwilling to sell because of tax considerations . we believe that this flexibility will provide us an advantage in seeking future acquisitions . 40 experienced and committed management team although our management team has limited experience in operating a reit , it has extensive gaming and real estate experience . peter m. carlino , chief executive officer of glpi , has more than 30 years of experience in the acquisition and development of gaming facilities and other real estate projects . william j. clifford , chief financial officer of glpi , is a finance professional with more than 30 years of experience in the gaming industry , including four years of gaming regulatory experience , sixteen years of casino property operations , and sixteen years of corporate experience . story_separator_special_tag we group our real estate investments together by lease , the lowest level for which identifiable cash flows are available , in evaluating impairment . in assessing the recoverability of the carrying value , we must make assumptions regarding future cash flows and other factors . factors considered in performing this assessment include current operating results , market and other applicable trends and residual values , as well as the effect of obsolescence , demand , competition and other factors . if these estimates or the related assumptions change in the future , we may be required to record an impairment loss . goodwill and other intangible assets at december 31 , 2017 , we had $ 75.5 million in goodwill and $ 9.6 million in other intangible assets within our consolidated balance sheet , resulting from the contribution of hollywood casino baton rouge and hollywood casino perryville in connection with the spin-off . our goodwill resides on the books of our hollywood casino baton rouge subsidiary , while the other intangible asset represents a gaming license on the books of our hollywood casino perryville subsidiary . both subsidiaries are members of the trs properties segment and are considered separate reporting units under asc 350 , `` intangibles - goodwill and other `` ( `` asc 350 `` ) . goodwill is tested at the reporting unit level , which is an operating segment or one level below an operating segment for which discrete financial information is available . under asc 350 , we are required to test goodwill for impairment at least annually and whenever events or circumstances indicate that it is more likely than not that goodwill may be impaired . we have elected to perform our annual goodwill impairment test as of october 1 of each year . asc 350 prescribes a two-step goodwill impairment test , the first step which involves the determination of the fair value of each reporting unit and its comparison to the carrying amount . in order to determine the fair value of the baton rouge reporting unit , the company utilized a discounted cash flow model , which relied on projected ebitda to determine the reporting unit 's future cash flows . if the carrying amount exceeds the fair value in step 1 , then step 2 of the impairment test is performed to determine the implied value of goodwill . if the implied value of goodwill is less than the goodwill allocated to the reporting unit , an impairment loss is recognized . in accordance with asc 350 , we consider the hollywood casino perryville gaming license an indefinite-lived intangible asset that does not require amortization based on our future expectations to operate this casino indefinitely as well as the gaming industry 's historical experience in renewing these intangible assets at minimal cost with various state gaming commissions . rather , the gaming license is tested annually , or more frequently if indicators of impairment exist , for impairment by comparing the fair value of the recorded asset to its carrying amount . if the carrying amount of the indefinite-life intangible asset exceeds its fair value , an impairment loss is recognized . hollywood casino perryville 's gaming license will expire in september 2025 , fifteen years from the casino 's opening date . we expect to expense any costs related to the gaming license renewal as incurred . 44 we assessed the fair value of our gaming license using the greenfield method under the income approach . the greenfield method estimates the fair value of the gaming license assuming we built a casino with similar utility to that of the existing facility . the method assumes a theoretical start-up company going into business without any assets other than the intangible asset being valued . as such the value of the license is a function of the following items : projected revenues and operating cash flows ; theoretical construction costs and duration ; pre-opening expenses ; discounting that reflects the level of risk associated with receiving future cash flows attributable to the license ; and remaining useful life of the license . the evaluation of goodwill and indefinite-lived intangible assets requires the use of estimates about future operating results to determine the estimated fair value of the reporting unit and the indefinite-lived intangible assets . we must make various assumptions and estimates in performing our impairment testing . the implied fair value includes estimates of future cash flows that are based on reasonable and supportable assumptions which represent our best estimates of the cash flows expected to result from the use of the assets . changes in estimates , increases in our cost of capital , reductions in transaction multiples , changes in operating and capital expenditure assumptions or application of alternative assumptions and definitions could produce significantly different results . future cash flow estimates are , by their nature , subjective and actual results may differ materially from our estimates . if our ongoing estimates of future cash flows are not met , we may have to record additional impairment charges in future accounting periods . our estimates of cash flows are based on the current regulatory and economic climates , as well as recent operating information and budgets . these estimates could be negatively impacted by changes in federal , state or local regulations , economic downturns , or other events . forecasted cash flows can be significantly impacted by the local economy in which our subsidiaries operate . for example , increases in unemployment rates can result in decreased customer visitations and or lower customer spend per visit . in addition , new legislation which approves gaming in nearby jurisdictions or further expands gaming in jurisdictions in which we operate can result in increased competition for the property . this generally has a negative effect on profitability once competitors become established , as a certain level of cannibalization occurs absent an overall increase in customer visitations .

