VICI Properties acquires four Canadian Gaming properties for US$200m
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VICI Properties has acquired four Canadian Gaming properties for an aggregate purchase price of C$271.9m (US$200.8m). The real estate investment trust has bought the real assets of Pure Casino Edmonton in Edmonton, Pure. Casino Yellowhead in Yellowheads, and Pure Casinos Calgary and Lethbridge.
VICI Properties has acquired four Canadian Gaming properties in a sale leaseback transaction with Pure Canadian gaming corporation for an aggregate purchase price of C$271.9m (US$200.8m). The real estate investment trust has bought the real assets of Pure Casino Edmonton in Edmonton, Pure. Casino Yellowhead in Alberta, and Pure Casinos Calgary and Lethbridge. The deal represents the group’s first international investment. VICi has entered into a triple-net master lease agreement with the Pure Portfolio covering the properties.
