M&A Deal Summary

VICI Properties Acquires MGM Growth Properties

On August 4, 2021, VICI Properties acquired real estate company MGM Growth Properties for 17.2B USD

Acquisition Highlights
  • This is VICI Properties’ 2nd transaction in the Real Estate sector.
  • This is VICI Properties’ largest (disclosed) transaction.
  • This is VICI Properties’ 3rd transaction in the United States.
  • This is VICI Properties’ 1st transaction in Nevada.

M&A Deal Summary
Date 2021-08-04
Target MGM Growth Properties
Sector Real Estate
Buyer(s) VICI Properties
Deal Type Add-on Acquisition
Deal Value 17.2B USD
Advisor(s) Evercore Group
J.P. Morgan Securities (Financial)
Baker Botts
Potter Anderson & Corroon
Weil Gotshal & Manges (Legal)

Target

MGM Growth Properties

Las Vegas, Nevada, United States
MGM Growth Properties is a real estate investment trust engaged in the acquisition, ownership and leasing of large-scale destination entertainment and leisure resorts, whose diverse amenities include casino gaming, hotel, convention, dining, entertainment and retail offerings. MGP, together with its joint venture, currently owns a portfolio of properties, consisting of 12 premier destination resorts in Las Vegas and elsewhere across the United States, MGM Northfield Park in Northfield, OH, Empire Resort Casino in Yonkers, NY, as well as a retail and entertainment district, The Park in Las Vegas. MGM Growth Properties is based in Las Vegas, Nevada.

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Buyer(S) 1

Buyer

VICI Properties

New York, New York, United States
Category Company
Sector Real Estate
Employees28
Revenue 3.6B USD (2023)
DESCRIPTION

VICI Properties is a real estate investment trust that owns one of the largest portfolios of market- gaming, hospitality and entertainment 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. VICI Properties is based in New York City.

DEAL STATS #
Overall 3 of 4
Sector (Real Estate) 2 of 2
Type (Add-on Acquisition) 1 of 1
State (Nevada) 1 of 1
Country (United States) 3 of 4
Year (2021) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-24 Bally s Atlantic City Hotel & Casino

Atlantic City, New Jersey, United States

Bally's Atlantic City Hotel & Casino is a 4-star hotel focused on providing casino-entertainment based in Atlantic City, 08401, New Jersey.

Sell $25M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-25 Rocky Gap Casino Resort & Golf

Flintstone, Maryland, United States

Rocky Gap Casino, Resort & Golf is a full-service casino resort that offers a casino, hotel, conference center, Bonkerz Comedy Club, five dining options, indoor and outdoor event spaces, the only Jack Nicklaus Signature Golf Course in Maryland, a spa, indoor pool, fitness center, pro shop, complimentary valet parking, individual parking, and several outdoor recreational activities. Rocky Gap Casino, Resort & Golf is based in Flintstone, Maryland.

Buy $260M
Mergr

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