Is gravitational entropy quantized?

In Einstein's gravity, the entropy of horizons is proportional to their area. Several arguments given in the literature suggest that, in this context, both area and entropy should be quantized with an equally-spaced spectrum for large quantum numbers. But in more general theories (like, for example, in the black hole solutions of Gauss-Bonnet or Lanczos-Lovelock gravity) the horizon entropy is not proportional to area and the question arises as to which of the two (if at all) will have this property. We give a general argument that in all Lanczos-Lovelock theories of gravity, it is the entropy that has an equally-spaced spectrum. In the case of Gauss-Bonnet gravity, we use the asymptotic form of quasinormal mode frequencies to explicitly demonstrate this result. Hence, the concept of a quantum of area in Einstein-Hilbert gravity needs to be replaced by a concept of quantum of entropy in a more general context.