Vici Properties Just Made a Game-Changing Move. Here's What You Need to Know.
Vici Properties (NYSE: VICI) is a net-lease gaming real estate investment trust (REIT). This highly focused approach has so far worked out very well for income investors, with the company steadily increasing its dividend. However, management continues to make commitments that show it knows that diversification is important, including a recent extension of its relationship with Great Wolf Lodge.
Vici held its initial public offering (IPO) in early 2018. The company was created to own and invest in gaming properties, including casinos in destination locations like Las Vegas and in properties that are meant to serve a regional market. It has largely grown via the acquisition of casino assets.
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Source Fool.com
