Vici Properties Inc.

Vici Properties Inc. is an experiential real estate investment trust (REIT) that ranks among the largest owners of gaming, hospitality, wellness, entertainment, and leisure destinations in North America. Established in 2017 as a spin-off from Caesars Entertainment, the company specializes in owning and leasing high-profile properties such as Caesars Palace Las Vegas, MGM Grand, and the Venetian Resort Las Vegas. Its portfolio includes 93 experiential assets—comprising 54 gaming properties and 39 other diversified real estate assets—spread across the United States and Canada. Vici Properties’ holdings encompass approximately 127 million square feet, over 60,000 hotel rooms, and more than 500 restaurants, bars, nightclubs, and sportsbooks, as well as four championship golf courses and significant undeveloped land adjacent to the Las Vegas Strip. The firm's assets are typically leased under long-term, triple-net agreements to industry-leading operators, ensuring stable income streams. Vici Properties is recognized for its disciplined growth strategy, operational partnerships with top-tier brands, and its contribution to the institutionalization of gaming and entertainment real estate within the broader commercial property market.