M&A Deal Summary

VICI Properties Acquires Rocky Gap Casino Resort & Golf

On August 25, 2022, VICI Properties acquired leisure company Rocky Gap Casino Resort & Golf from Golden Entertainment for 260M USD

Acquisition Highlights
  • This is VICI Properties’ 1st transaction in the Leisure sector.
  • This is VICI Properties’ 4th largest (disclosed) transaction.
  • This is VICI Properties’ 4th transaction in the United States.
  • This is VICI Properties’ 1st transaction in Maryland.

M&A Deal Summary
Date 2022-08-25
Target Rocky Gap Casino Resort & Golf
Sector Leisure
Buyer(s) VICI Properties
Sellers(s) Golden Entertainment
Deal Type Divestiture
Deal Value 260M USD

Target

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.

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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 4 of 4
Sector (Leisure) 1 of 1
Type (Divestiture) 3 of 3
State (Maryland) 1 of 1
Country (United States) 4 of 4
Year (2022) 1 of 1
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-04 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.

Buy $17.2B

Seller(S) 1

SELLER

Golden Entertainment

Las Vegas, Nevada, United States
Category Company
Founded 1998
Sector Gaming
Employees5,800
Revenue 1.1B USD (2023)
DESCRIPTION
Golden Entertainment's corporate headquarters in Las Vegas, Nevada.
Golden Entertainment's corporate headquarters in Las Vegas, Nevada.

Golden Entertainment owns and operates gaming properties across two divisions – distributed gaming and resort and casino operations. Golden Entertainment operates more than 12,000 gaming devices and over 30 table games in Nevada, Maryland and Montana. The Company owns four casino properties, 50 taverns and operates approximately 980 distributed gaming locations in Nevada, Maryland and Montana. Golden Entertainment was founded in 1998 and is based in Las Vegas, Nevada.

DEAL STATS #
Overall 1 of 1
Sector (Leisure) 1 of 1
Type (Divestiture) 1 of 1
State (Maryland) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-23 American Casino & Entertainment Properties

Las Vegas, Nevada, United States

American Casino & Entertainment Properties LLC owns and operates gaming and entertainment properties in Clark County, Nevada. Its properties include Stratosphere Casino Hotel & Tower, which is located on the Las Vegas Strip and caters to visitors to Las Vegas.

Buy $850M
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