VICI Properties
The Rio Sells for $516M
Caesar’s Entertainment Corp. has sold the Las Vegas hotel and will continue to operate the property for at least two years.
VICI, Hard Rock to Acquire Ohio Casino for $745M
The companies will purchase the real estate and operating assets of the JACK Cincinnati Casino from JACK Entertainment in separate all-cash transactions.
JV to Acquire Detroit Casino-Hotel for $1B
VICI Properties and Penn National Gaming entered into an agreement to purchase the Greektown Casino-Hotel, which includes 100,000 square feet of casino space and a 30-story hotel tower.
VICI Properties Shells Out $508M for Las Vegas Hotel
The deal for the 668-room Octavius Tower is also tied to the forthcoming sale-leaseback of Caesars Entertainment’s Harrah’s Philadelphia casino.
Louisiana’s Margaritaville Resort Casino to Sell for $376M
In separate transactions, VICI Properties will acquire the Bossier City, La., gaming destination’s real estate properties, while Penn National Gaming will purchase the operating assets.
Caesars, VICI Close $1.1B Harrah’s Sale-Leaseback
The deal paves the way for Caesars to develop a new convention center and partially funds the firm’s previously announced acquisition of Centaur.
Caesars to Buy Indiana Gaming Operator for $1.7B
The company, in bankruptcy not long ago, seems to see the purchase of Centaur Holdings as a safe bet. Subject to regulatory approvals and other closing conditions, the transaction is expected to close in the first half of 2018.
Caesars Unit Completes Spin-Off of Real Estate Business
The new VICI Properties entity debuts as an “experiential-asset focused” REIT and one of the nation’s largest owners of gaming, hospitality and entertainment destinations.
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