VICI Properties Inc.
About VICI
VICI Properties Inc. is an experiential real estate investment trust (REIT) that owns one of the largest portfolios of premier gaming, hospitality, and entertainment destinations in North America.
The company’s portfolio includes 93 experiential assets across the United States and Canada, comprising:
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54 gaming properties and 39 other experiential properties
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Approximately 127 million square feet
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Around 60,300 hotel rooms
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Over 500 restaurants, bars, nightclubs, and sportsbooks
Flagship properties include some of the most iconic venues on the Las Vegas Strip:
- Caesars Palace Las Vegas, MGM Grand, and The Venetian Resort Las Vegas
VICI’s properties are leased to industry-leading gaming, leisure, and hospitality operators under long-term, triple-net lease agreements.
In addition to gaming and hospitality, the company has expanded into other experiential sectors through partnerships with leading operators such as:
- Bowlero, Cabot, Canyon Ranch, Chelsea Piers, Great Wolf Resorts, Homefield, Kalahari Resorts
VICI also owns:
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Four championship golf courses
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33 acres of undeveloped and underdeveloped land adjacent to the Las Vegas Strip
VICI aims to own the highest quality and most productive experiential real estate portfolio by partnering with top-tier experiential developers and operators.
VICI's Business Strategy
VICI Properties has emerged as the largest gaming-focused REIT and one of the biggest owners of experiential real estate in the United States, building a portfolio of irreplaceable gaming and entertainment assets. The company's crown jewels include Caesars Palace, MGM Grand, and Venetian in Las…
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Our Take on VICI
Pros:
✅ Unique Gaming and Experiential Real Estate: VICI owns trophy casino, resort, and entertainment properties including Caesars Palace Las Vegas, MGM Grand, and Venetian, leased to top-tier operators. Its experiential real estate focus offers investors exposure to recession-resilient, high-traffic assets.
✅ **Triple Net Lease Model…
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