Vici Properties
Real estate investment trust
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January 2023 | Vici bought out the remaining half of interest in the MGM Grand and Mandalay Bay from Blackstone for $1.27 billion plus $1.5 billion in assumed debt. |
April 2022 | Vici acquired MGM Growth Properties for $17.2 billion, adding thirteen properties to its portfolio and becoming the largest land owner on the Las Vegas Strip with over 660 acres. |
February 2022 | Vici purchased the Venetian complex from Las Vegas Sands for $4 billion, including the Venetian and Palazzo casino hotels and the Sands Expo convention center. |
2021 | Harrah's Louisiana Downs in Bossier City, Louisiana was sold. |
2020 | Tunica Roadhouse in Tunica Resorts, Mississippi was closed and subsequently demolished. |
2020 | Harrah's Reno in Reno, Nevada was closed and sold. |
2020 | Bluegrass Downs was donated after its closure. |
2020 | Bally's Atlantic City in Atlantic City, New Jersey was sold. |
July 2020 | Eldorado Resorts acquired Caesars Entertainment, becoming Vici's primary tenant. Vici bought three properties (Harrah's Atlantic City, Harrah's Laughlin, and Harrah's New Orleans) from Caesars for $1.8 billion, leasing them back for $154 million per year. |
2019 | Bluegrass Downs in Paducah, Kentucky was closed. |
June 2018 | Vici moved its headquarters from the Las Vegas area to New York City. |
February 2018 | Vici completed its initial public offering (IPO) on the New York Stock Exchange, raising $1.2 billion. |
December 2017 | Vici acquired Harrah's Las Vegas from Caesars for $1.1 billion and leased it back at an initial annual rent of $87.4 million. |
October 6 2017 | Vici Properties was spun off to CEOC's creditors and emerged from bankruptcy, beginning with a portfolio of nineteen casinos and racetracks leased to Caesars at an initial annual rent of $630 million. |
January 2015 | Caesars Entertainment Operating Company (CEOC) entered Chapter 11 bankruptcy, initiating the process that would lead to the formation of Vici Properties. |
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