<\/p>\n
NEW YORK–(BUSINESS WIRE<\/a>)–<\/span>VICI Properties Inc. (NYSE: VICI) (\u201cVICI Properties\u201d, \u201cVICI\u201d or the \u201cCompany\u201d), an experiential real estate investment trust, today announced the CAD$200.6 million \/ USD$144.4 million pending acquisition (the \u201cReal Estate Transaction\u201d) of the real estate assets of Deerfoot Inn & Casino, Great Northern Casino and two limited-service hotels that are adjacent to the Great Northern Casino (collectively, the \u201cPortfolio\u201d) located in Alberta, Canada, in connection with Pure Casino Entertainment Limited Partnership\u2019s (\u201cPURE\u201d) pending take-private acquisition of Gamehost Inc. (GH.TO) (\u201cGamehost\u201d).<\/p>\n \nSimultaneous with the closing of the Real Estate Transaction, the Portfolio will be added to the existing triple-net master lease agreement between VICI Properties and PURE (the \u201cPURE Master Lease\u201d) and annual rent will increase by CAD$16.1 million (USD$11.6 million) representing an acquisition capitalization rate of 8.0%. The Portfolio rent will escalate at 1.0% on the first February 1 following a full 12 months post-closing (in line with the timing of the PURE Master Lease escalation), and escalation will conform to the PURE Master Lease thereafter at the greater of 1.5% or the change in Canadian CPI (capped at 2.5%). Additionally, the term of the PURE Master Lease will be extended such that, upon closing of the Real Estate Transaction, the PURE Master Lease will have a full 25-year initial base lease term, with four 5-year tenant renewal options. The tenants\u2019 obligations under the PURE Master Lease will continue to be guaranteed by Indigenous Gaming Partners, Inc. (\u201cIGP\u201d).<\/p>\n \nJohn Payne, President and COO of VICI Properties, said, \u201cWe are very excited to deepen and expand our presence in the Canadian gaming market, a very steady and stable gaming jurisdiction, alongside an existing partner. Having worked alongside IGP and PURE, we have seen firsthand their ability to operate and grow a best-in-class gaming platform, and we are proud to continue supporting that growth as their real estate partner and capital provider. This is exactly the kind of transaction that reflects VICI\u2019s value proposition, helping best-in-class operators execute on their growth strategies, and we hope to continue growing our relationship with IGP and PURE for years to come.\u201d<\/p>\n \nThe transaction is subject to customary regulatory approvals and closing conditions and is expected to close in mid-2026. VICI plans to fund the Real Estate Transaction with a combination of cash on hand and drawing down funds on its existing multicurrency revolving credit facility. The Real Estate Transaction is expected to be immediately accretive to VICI upon closing.<\/p>\n \nIn addition to this release, VICI has furnished a Transaction Overview presentation, which is available on its website in the “Investors” section, under the menu heading “Events & Presentations” or please visit https:\/\/investors.viciproperties.com\/news-events\/presentations<\/a>.<\/p>\n \nAbout VICI Properties<\/b><\/p>\n \nVICI Properties Inc. is an S&P 500\u00ae<\/sup> experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality, wellness, entertainment and leisure destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip. VICI Properties owns 93 experiential assets across a geographically diverse portfolio consisting of 54 gaming properties and 39 other experiential properties across the United States and Canada. The portfolio is comprised of approximately 127 million square feet and features approximately 60,300 hotel rooms and over 500 restaurants, bars, nightclubs and sportsbooks. Its properties are occupied by industry-leading gaming, leisure and hospitality operators under long-term, triple-net lease agreements. VICI Properties has a growing array of real estate and financing partnerships with leading operators in other experiential sectors, including Cabot, Cain, Canyon Ranch, Chelsea Piers, Great Wolf Resorts, Homefield, Kalahari Resorts and Lucky Strike Entertainment. VICI Properties also owns four championship golf courses and approximately 33 acres of undeveloped and underdeveloped land adjacent to the Las Vegas Strip. VICI Properties\u2019 goal is to create the highest quality and most productive experiential real estate portfolio through a strategy of partnering with the highest quality experiential place makers and operators. For additional information, please visit www.viciproperties.com<\/a>.<\/p>\n \nAbout IGP and PURE<\/b><\/p>\n \nIndigenous Gaming Partners Inc. is a gaming company established in 2024 that is focused on developing a portfolio of high-quality, market-leading casinos through strategic acquisitions and operational excellence. The partnership is comprised of five institutional First Nations – Glooscap First Nation, Millbrook First Nation, Annapolis Valley First Nation, We\u2019koqma\u2019q L\u2019nue\u2019kati, and Paqtnkek Mi\u2019kmaw Nation – along with Sonco Gaming Inc., an experienced Canadian casino management and development company. Through its operating entity, Pure Casino Entertainment Limited Partnership, IGP owns and operates Pure Casino Edmonton, Pure Casino Yellowhead, Pure Casino Calgary and Pure Casino Lethbridge, which collectively employ more than 1,200 people and welcome millions of guests each year. IGP represents a shared vision to build meaningful Indigenous ownership in Canada\u2019s entertainment industry while delivering high-quality gaming and hospitality experiences. IGP is dedicated to setting new standards in the gaming industry while fostering prosperity for its Indigenous communities, charitable partners, and provincial stakeholders. For more information, visit www.indigenousgamingpartners.ca<\/a>.<\/p>\n \nAbout Gamehost<\/b><\/p>\n \nGamehost is a corporation incorporated under the laws of the Province of Alberta, with its head office located in Red Deer, Alberta. Through its subsidiary, Gamehost Limited Partnership, Gamehost owns and operates: (i) the Great Northern Casino facility located in Grand Prairie, Alberta, (ii) the Rivers Casino and Entertainment Centre located in Fort McMurray, Alberta, (iii) the Deerfoot Inn & Casino facility located in Calgary, Alberta, (iv) the Service Plus Inns & Suites hotel located in Grande Prairie, Alberta, and (v) the Encore Suites by Service Plus extended stay hotel facility located in Grand Prairie, Alberta. It also owns an investment property located in Grand Prairie, Alberta adjacent to the Service Plus Inn. For more information, visit https:\/\/gamehost.ca\/index<\/a>.<\/p>\n \nForward-Looking Statements<\/b><\/p>\n \nThis press release contains forward-looking statements within the meaning of the federal securities laws. You can identify these statements by our use of the words \u201cassumes,\u201d \u201cbelieves,\u201d \u201cestimates,\u201d \u201cexpects,\u201d \u201cguidance,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cprojects,\u201d \u201cwill,\u201d and similar expressions that do not relate to historical matters. All statements other than statements of historical fact are forward-looking statements. You should exercise caution in interpreting and relying on forward-looking statements because they involve known and unknown risks, uncertainties, and other factors, including the risk that the pending Real Estate Transaction or the corresponding acquisition of Gamehost by PURE may not be consummated on the terms described in this press release or at all, which are, in some cases, beyond the Company\u2019s control and could materially affect actual results, performance, or achievements. Other important risk factors that may affect the Company\u2019s business, results of operations and financial position (including risks relating to the Company\u2019s pending transactions) are detailed from time to time in the Company\u2019s filings with the Securities and Exchange Commission. The Company does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as may be required by applicable law.<\/p>\n \nPress Release Category: Transactions<\/p>\n<\/div>\n \u2018 The preceding article may include information circulated by third parties \u2019 <\/em><\/p>\n \u2018 Some details of this article were extracted from the following source www.businesswire.com \u2019 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":" NEW YORK–(BUSINESS WIRE)–VICI Properties Inc. (NYSE: VICI) (\u201cVICI Properties\u201d, \u201cVICI\u201d or the \u201cCompany\u201d), an experiential real estate investment trust, today announced the CAD$200.6 million \/ USD$144.4 million pending acquisition (the \u201cReal Estate Transaction\u201d) of the real estate assets of Deerfoot Inn & Casino, Great Northern Casino and two limited-service hotels that are adjacent to the […]<\/p>\n","protected":false},"author":2,"featured_media":2351315,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"footnotes":""},"categories":[25172],"tags":[],"class_list":["post-2351314","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entertainment"],"jetpack_featured_media_url":"https:\/\/celebrity.land\/en\/wp-content\/uploads\/2026\/03\/VICI-Properties-Inc-Announces-Sale-leaseback-of-Canadian-Portfolio-in-Connection.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2351314","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/comments?post=2351314"}],"version-history":[{"count":1,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2351314\/revisions"}],"predecessor-version":[{"id":2351316,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2351314\/revisions\/2351316"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media\/2351315"}],"wp:attachment":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media?parent=2351314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/categories?post=2351314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/tags?post=2351314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}