Announced

Completed

VICI Properties completed the acquisition of two real estate assets from Foundation Gaming for $293m.

Synopsis

VICI Properties, a real estate investment trust, completed the acquisition of two real estate assets, includes Fitz Casino & Hotel and WaterView Casino & Hotel, from Foundation Gaming & Entertainment, a casino entertainment company, for $293m. “We are excited to partner with the experienced team at Foundation Gaming given their track record of value creation in regional gaming markets. Mississippi continues to be one of the largest regional gaming markets, and we are thrilled to be expanding our portfolio into the Vicksburg market at an attractive capitalization rate. This transaction highlights VICI’s ability to execute accretive deals and close in an expeditious manner to meet our partners’ objectives while creating value for our shareholders,” Danny Valoy, VICI Properties Vice President of Acquisitions and Finance.

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