VICI

VICI Properties Inc. (NYSE:VICI) is a real estate investment trust (REIT) that was spun off from Caesars Entertainment in 2018. The company specializes in owning and leasing experiential real estate properties, with a particular focus on gaming, hospitality, and entertainment destinations. VICI has rapidly grown to become one of the largest owners of casino and entertainment real estate in North America, with a portfolio that includes iconic properties such as Caesars Palace in Las Vegas. The company operates under a triple-net lease model, collecting rent from established gaming and hospitality operators while maintaining an asset-light business structure.