Warren Buffett, chairman and CEO of Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), is well known for many wisdom-filled investing and non-investing quotes. Here's one of my favorite investing quotes: "Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1."

The most surefire way to adhere to this timely advice is to buy companies with proven business models at reasonable valuations. The gaming, hospitality, and entertainment real estate investment trust (REIT) known as VICI Properties (NYSE: VICI) arguably fits these requirements. Let's dig into what makes this high-yielding stock a convincing buy for income investors.

VICI Properties' real estate portfolio consists of four championship golf courses and 43 gaming facilities in 15 U.S. states with nearly 60,000 hotel rooms and over 450 restaurants and bars. Some of the company's most famous properties in the world are Caesars Atlantic City, Excalibur in Las Vegas, and Harrah's Las Vegas. 

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Source Fool.com