VICI Properties (NYSE:VICI) is a real estate investment trust (REIT) specializing in experiential real estate. Established in October 2017 as a spin-off from Caesars Entertainment Corporation, VICI began trading on the New York Stock Exchange in October 2018 under the ticker symbol VICI. The company acquires, owns and manages real estate properties that are uniquely tailored to the gaming, hospitality and entertainment sectors, providing investors with exposure to a diversified portfolio of high-quality assets.
VICI’s portfolio comprises freehold interests in casinos, hotels, golf courses, retail and restaurant space, and other hospitality-related facilities. The company leases these properties to leading casino operators under long-term, triple-net leases, thereby generating stable rental income streams. Key lessees include Caesars Entertainment, MGM Resorts, Penn Entertainment and other regional and national gaming and entertainment operators. VICI’s assets span key markets such as the Las Vegas Strip, Atlantic City, Chicago, Pittsburgh, and other major urban and resort destinations across the United States.
Based in New York City, VICI Properties is led by President and Chief Executive Officer Thomas Reeg and Chairman Edward Pitoniak. Under their leadership, the company has pursued a strategy of disciplined acquisition and portfolio diversification, targeting properties that offer both income stability and the potential for long-term value enhancement. VICI’s management team leverages extensive experience in real estate investment and capital markets to maintain and grow its position as one of the largest experiential REITs in North America.
