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Mergers & AcquisitionsMediumUpdated×2•Originally published 30 April 2026•Updated 1 May 2026•

1 min read

VICI Properties Completes $1.16 Billion Acquisition of Casino Assets

Key Facts

1VICI Properties completed the $1.16 billion acquisition of land and improvements for seven casino properties from Golden Entertainment, Inc.

VICI Properties Inc. has finalized the $1.16 billion acquisition of seven casino properties from Golden Entertainment, Inc., including the iconic Strat property. The transaction involved retiring $426 million in debt and resulted in Golden Entertainment transitioning into a private, family-owned company. As part of the deal, the parties entered into a 30-year triple-net master lease agreement to ensure operational continuity. This strategic move is expected to provide immediate rental income, further diversifying VICI's portfolio in the gaming and hospitality sectors. Management noted that the acquisition strengthens the company's position as a premier owner of entertainment real estate. The closure reflects ongoing confidence in the long-term resilience of the gaming real estate market.

about 1 month ago

Version History

Version 2about 1 month ago

What changed: Added the 30-year lease term, identified 'The Strat' as a key asset, and noted Golden Entertainment's transition to a private company.

Version 1about 1 month ago

What changed: Added specific financial details regarding debt retirement, shareholder compensation structure, and the identity of the operating entity controller.