Casino properties
VICI owns the land and buildings for casino resorts and related gaming properties, then leases them to operators that run the casinos, hotels, restaurants, and entertainment spaces.
Customers and revenue model
VICI Properties Inc
XMUN:1KN
VICI Properties Inc
XMUN:1KN
Price:
22.3
EUR
Market Cap:
€23.1B
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Company Overview
Business Description
- Sector
- Real Estate
- Industry
- Real Estate
- Headquarters
- United States of America US
- Employees
- 28
- IPO date
- Oct 17, 2017
VICI Properties is a real estate investment trust that owns large casino, hotel, and entertainment properties, mostly on the Las Vegas Strip and other major gaming markets. It does not run the casinos itself. Instead, it buys the real estate and leases it back to operators such as Caesars and other gaming companies, which handle the day-to-day business and pay rent to VICI.
The company makes money mainly from long-term lease payments. Its tenants use the properties to run gaming, hotel, dining, and entertainment businesses, while VICI collects contractually set rent and often passes many property-level costs to the tenant. That structure makes VICI more like a landlord than an operating casino company.
What makes VICI different is its focus on experiential real estate: places where people go to gamble, stay, and be entertained. Its customers are not consumers but large casino operators and hospitality tenants. This gives VICI a stable role in the gaming value chain, because it owns the buildings and land that support the business while leaving the operating risk with its tenants.
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