VICI Properties Inc. Overview
Pro stress-test →VICI Properties is an S&P 500 experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality, wellness, entertainment and leisure destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas. The company is the largest owner of casino and gaming real estate assets in North America, with interests in 93 experiential assets, including 54 casinos across the United States and Canada.
Strategic Profile
Pro stress-test →VICI's strategic approach involves acquiring prime real estate and leasing it back to operators through long-term, triple-net agreements, ensuring consistent income. The company more than doubled its size in 2022 by acquiring MGM Growth Properties for $17.2 billion and The Venetian complex, which increased annual revenue by $1 billion and made it the largest land owner on the Las Vegas Strip with over 660 acres.
Competitive Landscape
Pro stress-test →VICI's properties are leased to industry leading gaming and hospitality operators, including Caesars Entertainment, Century Casinos, Hard Rock International, JACK Entertainment, MGM Resorts International, Penn Entertainment, and The Venetian Las Vegas. The competitive landscape includes other gaming REITs and entertainment property owners, but VICI's market position is distinguished by its scale, S&P 500 status, and diversified experiential asset portfolio.
Industry Context
VICI Properties Inc. operates in Real Estate Investment Trust (REIT) - Gaming & Experiential Properties.
Key facts
Founded: 2017 · Headquarters: New York, US · Employees: N/A · Revenue: N/A · Market cap: N/A