VICI Properties targets April 30 close for $1.16 billion Golden casino portfolio deal
PUBT · 04/23 20:33
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- VICI Properties set April 30, 2026, as expected closing date for its USD 1.16 billion sale-leaseback acquisition of seven casino properties from Golden Entertainment.
- VICI will enter a 30-year triple-net master lease with Golden OpCo, controlled by Blake L. Sartini, at initial annual rent of USD 87 million.
- Rent will rise 2% a year starting in lease year 3.
- Golden shareholders will receive 24,300,000 newly issued VICI shares, implying an exchange ratio of 0.902 per Golden share.
- VICI will assume and immediately retire USD 426 million of Golden debt using cash on hand and proceeds from forward sale agreements.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. VICI Properties Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260423593400) on April 23, 2026, and is solely responsible for the information contained therein.
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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