WS Investor
30 Mar 2026, 22:57
VICI Properties Inc. announced a CAD$200.6 million (USD$144.4 million) acquisition of casino and hospitality real estate assets in Alberta, Canada, as part of a sale-leaseback transaction.
The portfolio includes Deerfoot Inn & Casino, Great Northern Casino, and adjacent hotels, and will be leased to Pure Casino Entertainment Limited Partnership under a long-term triple-net lease.
Following the transaction, annual rent is expected to increase by CAD$16.1 million, with built-in escalation tied to inflation and a 25-year base lease term, extendable through renewal options.
The deal, expected to close in mid-2026 pending approvals, will expand VICI’s presence in the Canadian gaming market and is anticipated to be immediately accretive to earnings.
Business Wire
The portfolio includes Deerfoot Inn & Casino, Great Northern Casino, and adjacent hotels, and will be leased to Pure Casino Entertainment Limited Partnership under a long-term triple-net lease.
Following the transaction, annual rent is expected to increase by CAD$16.1 million, with built-in escalation tied to inflation and a 25-year base lease term, extendable through renewal options.
The deal, expected to close in mid-2026 pending approvals, will expand VICI’s presence in the Canadian gaming market and is anticipated to be immediately accretive to earnings.
Business Wire