VICI Properties, an experiential real estate investment trust, completed the acquisition of MGM Growth Properties, a publicly traded real estate investment trust engaged in the acquisition, ownership and leasing of large-scale destination entertainment and leisure resorts, from MGM Resorts, an S&P 500® global entertainment company, for $17.2bn. "The team at VICI has worked collaboratively with MGM to help us unlock significant value from the underlying real estate of our assets. We look forward to continuing our long-term partnership with VICI," Bill Hornbuckle, MGM Resorts International President and CEO.