Vici Reports $21Bn of Transactions So Far in 2021

Vici Properties have announced their third-quarter revenue performance, which has confirmed that American gaming has been one of the world’s most dynamic leisure/hospitality sectors over the past year.

The Q3 figures show a revenue increase of 10.6% to $375.7m and a 12.9% net income increase to $257.4m, taking into account a $333.4m one-time cost for lease modification.

Vici Properties have also secured a $4bn deal to purchase The Venetian Resort Las Vegas and the Sands Expo and Convention Center along with a deal which is expected to be concluded in the first quarter of 2022 to purchase the MGM Growth Properties for an estimated $17.2bn.

The highly impressive US portfolio of Vici is comprised of twenty-eight properties, which include Penn National Gaming, Jack Entertainment, and Hard Rock International.

As well as the casino properties, Vici also own around thirty-four acres of land, which is situated next to the Las Vegas Strip along with four championship golf courses.

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