MEDIA COVERAGE

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VICI Properties Seeks to Become One of the Largest Gaming, Hospitality and Destination Owners in the U.S.

VICI Properties Inc., has completed a spin-off from Caesars Entertainment Operating Co.

The new entity, which takes its name from the Latin phrase “Veni, vedi, vici” (“I came, I saw, I conquered”), is branding itself as an “experiential-asset focused” REIT, Commercial Property Executive reports.

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VICI Properties Seeks to Become One of the Largest Gaming, Hospitality and Destination Owners in the U.S.

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The new VICI Properties entity debuts as an “experiential-asset focused” REIT and one of the nation’s largest owners of gaming, hospitality and entertainment destinations.

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Long-term, the spin-off from Caesars Entertainment Operating Co. will look at diversifying beyond gaming, “but we’re going to do so using very strictly self-imposed criteria,” VICI Properties CEO Ed Pitoniak tells GlobeSt.com.