VICI Properties (VICI) - Hoya Hotseat

Hoya Capital

VICI Properties (VICI) - Hoya Hotseat In the News All VICI Mar 19 Written By Alex Pettee, CFA Hoya Capital VICI Properties (NYSE: VICI) is the largest owner of casino and gaming real estate assets in North America, with interests in 93 experiential assets, including 54 casinos - including Caesars Palace, MGM Grand, the Venetian Resort - and 39 other experiential properties across the United States and Canada. The 127M SF portfolio - fully occupied under long-term triple-net leases - features 60,300 hotel rooms and over 500 restaurants.

VICI's CEO Edward Pitoniak joins the Hoya Hotseat to discuss the opportunities it sees in the gaming sector, and the firm's rapid growth since its 2017 IPO, becoming the fastest REIT to ascend into the S&P 500 Index. Continue reading ▶︎ Interviews Press All Hoya Hotseat VICI Alex Pettee, CFA Transcript yeah B properties is the world's largest experiential re uh we principally own gaming assets most notably own almost half of the Las Vegas Strip where we have assets we also own Market leading Regional gaming assets and in the last couple of years begun to diversify into experiential categories outside of gaming most notably pilgrimage golf with cabit Wellness with Canyon Ranch indoor water park resorts with great wolf bowling with Valero uh and most recently a company out of Kansas City called HomeField uh which is our entry into the Youth Sports business we became a re uh we emerged in 2017 we were the result result of a bankruptcy situation for Caesars part of an lbo that Apollo and tbg conducted in 2007 part of the resolution of the bankruptcy was the creditors and the Deb debtors agreeing that the credit would get satisfied through the creation of a re and the conveyance of the real estate uh to the creditors uh I came in as a founding CEO recognized that this was a great category of real ...