VICI is the real estate investment trust (REIT) that spun off from the old Caesars in the fall of 2017 when the company had just emerged from a lengthy and complex bankruptcy.
The two companies also announced that the annual base rent payments under the Regional Master Lease between them would remain unchanged. has agreed to purchase the racing and casino complex located in Bossier City, Louisiana.Ĭaesars said that the proceeds of the transaction would be split $5.5 million to VICI and $16.5 million to Caesars itself, subject to customary adjustments for cash and net working capital. and real estate investment trust VICI Properties this week announced that they would offload Harrah’s Louisiana Downs Casino, Racing & Entertainment from their portfolio of properties in a $22 million deal. Casino operator Caesars Entertainment, Inc.