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Where Will Vici Properties Be in 10 Years?

TheMotleyFool

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Where Will Vici Properties Be in 10 Years?: https://g.foolcdn.com/editorial/images/732054/21_05_24-five-people-at-a-casino-table-with-an-employee-dealing-cards-_gettyimages-185118796.jpg

Caesars Entertainment (NASDAQ: CZR) spun off Vici Properties (NYSE: VICI) in late 2017. It was a way for Caesars to raise cash from its casino properties.

But since that point, Vici has gone on an acquisition spree, expanding its business and diversifying away from its former parent. The next step is going to be diversifying away from its founding industry.

Some investors, taking a glass-half-full view of things, will tell you that Vici Properties is a diversified real estate investment trust (REIT). In a big-picture way, that's a true statement, because casinos are giant facilities that include gaming, retail, hotel, dining, and entertainment components.

Source Fool.com

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