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Vici Properties history
Vici Properties company history timeline
Vici acquired Harrah's Las Vegas from Caesars in December 2017 for $1.1 billion, and leased it back at an initial annual rent of $87.4 million.
The company moved its headquarters to New York City from the Las Vegas area in mid-2018.
Vici completed two transactions with Caesars in 2018, purchasing the Octavius Tower at Caesars Palace for $508 million and Harrah's Philadelphia for $242 million, and leasing them back to Caesars for $35 million and $21 million per year, respectively.
Vici bought a second casino from Greektown seller Jack Entertainment, Jack Cincinnati Casino, in September 2019, paying $558 million for the real estate; Hard Rock International leased the property for $43 million per year.
In July 2020, Eldorado Resorts acquired Caesars Entertainment, becoming Vici's primary tenant, and renamed itself to Caesars Entertainment.
In March 2021, Vici agreed to purchase the real estate of the Venetian complex on the Las Vegas Strip from Las Vegas Sands for $4 billion.
September 2022 $30.00 Strike PUT • 16.59% Annualized YieldBoost • 4.82% Out-of-the-money December 2022 $35.00 Strike CALL • 6.27% Annualized YieldBoost • 11.04% Out-of-the-money
The deal is expected to close in the first half of 2022.
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Zippia gives an in-depth look into the details of Vici Properties, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Vici Properties. The employee data is based on information from people who have self-reported their past or current employments at Vici Properties. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Vici Properties. The data presented on this page does not represent the view of Vici Properties and its employees or that of Zippia.
Vici Properties may also be known as or be related to VICI PROPERTIES INC., VICI Properties, Vici Properties and Vici Properties Inc.