VICI Properties Inc. Completes Sale-Leaseback of Canadian Portfolio in Connection With Pure Casino Entertainment’s Acquisition of Gamehost

VICI Properties Inc. finalized a deal to sell and lease back its Canadian assets, including the Deerfoot Inn & Casino and Great Northern Casino, to Pure Casino Entertainment. This transaction supports Pure's acquisition of Gamehost and provides VICI with a steady revenue stream through the leaseback arrangement. The deal highlights the growing trend of casino operators focusing on real estate assets for stable cash flows, which is crucial as the industry navigates fluctuating revenue due to external factors like the pandemic. This move likely positions VICI to leverage its real estate expertise more strategically while aiding Pure Casino Entertainment in expanding its gaming footprint.