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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