newsfilter
← Latest News
Business Wire·

VICI Properties Inc. Completes Sale-Leaseback of Canadian Portfolio in Connection With Pure Casino Entertainment’s Acquisition of Gamehost

  • VICI Properties Inc. completed the acquisition of Deerfoot Inn & Casino, Great Northern Casino, and two adjacent hotels in Alberta, Canada for CAD$200.6 million (USD$144.4 million).
  • The transaction occurred alongside Pure Casino Entertainment Limited Partnership's take-private acquisition of Gamehost Inc.
  • Funding was provided via a Canadian dollar-denominated draw on VICI's multicurrency revolving credit facility.
  • The acquired assets were added to the existing triple-net master lease with Pure Casino Entertainment, increasing annual rent by CAD$16.1 million (USD$11.6 million).
  • Initial rent escalations are set at 1.0% on February 1, 2028, with future increases at the greater of 1.5% or the change in Canadian CPI, capped at 2.5%.
  • The PURE Master Lease term was extended to a full 25-year initial base term with four 5-year renewal options.
  • Indigenous Gaming Partners, Inc. continues to guarantee the tenants' obligations under the lease.