VICI Properties announced the closing of the previously announced $1.16 billion acquisition of 100 percent of the land, real property and improvements of seven casino properties from Golden Entertainment. VICI has entered into a triple-net master lease with a newly formed entity owned and controlled by Blake L. Sartini, the former chairman and CEO of Golden Entertainment, which has acquired the operating business of Golden Entertainment (Golden OpCo).
“The Las Vegas Locals gaming market has been a strategic priority for VICI since our founding,” said John Payne, president and COO at VICI Properties. “Adding seven properties across Nevada, each with deeply rooted, loyal customer bases, represents a meaningful expansion of our portfolio. We have tremendous respect for what Blake and the Golden Entertainment team have built, and we are excited to officially begin this new partnership.”
Blake L. Sartini, chairman and CEO of Golden Entertainment, added: “This tran
