VICI Properties Inc. - One of the Largest Owners of Gaming, Hospitality destinations in US
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I would like to introduce some unfamiliar companies that may be of some help to your investments.
The company I’m going to introduce is $Vici Properties(VICI)$
It went public on February 1st 2018.
[Company Profile]
VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace.
VICI Properties also owns four championship golf courses and 34 acres of undeveloped land adjacent to the Las Vegas Strip. VICI Properties' strategy is to create the nation's highest quality and most productive experiential real estate portfolio.
[History & Events]
In 2015: Vici Properties was formed as part of the Chapter 11 bankruptcy reorganization of Caesars Entertainment Operating Company (CEOC), the largest division of Caesars Entertainment.
In 2017: The spin-off of Vici to CEOC's creditors was completed , the day that CEOC emerged from bankruptcy.
In 2018: The company moved its headquarters to New York City from the Las Vegas area.
In 2019: Vici made two purchases in conjunction withPenn National Gaming.
In 2020: Eldorado Resorts acquired Caesars Entertainment, becoming Vici's primary tenant, and renamed itself to Caesars Entertainment.
In 2022: Vici purchased the real estate of the Venetian complex on the Las Vegas Strip fromLas Vegas Sandsfor $4 billion.
[Main Business Segments]
[Net Income & Total Revenue]
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