VICI Plans to Buy Alberta Casino Assets in $144M Deal
VICI Properties will acquire three Alberta casinos for $144.4 million, increasing annual rent and extending the lease term.Summary
VICI Properties has agreed to purchase the real estate assets of three Alberta casinos – Deerfoot Inn & Casino, Great Northern Casino, and two adjacent hotels – from Pure Casino Entertainment Limited Partnership for $144.4 million (CAD 200.6 million). This acquisition, expected to close by mid-2026, will be funded through existing facilities and will increase annual rent by $11.6 million, with future increases tied to a consumer price index or a fixed percentage. The lease will be extended to 30 years with potential for four five-year renewals. VICI anticipates this deal will positively impact its earnings and further strengthen its presence in the Canadian gaming market, citing the strong partnership with Indigenous Gaming Partners and Pure Casino.
(Source：Gamblingnews)