VICI Agrees to Buy the Venetian: Good Sign for Las Vegas Real Estate?

Kevin Vandenboss, The Motley Fool
·5-min read

Real estate investment trust (REIT) VICI Properties (NYSE: VICI) is increasing its bet on the Las Vegas market, as it's agreed to acquire the Venetian Resort’s real estate on the Vegas Strip. This monumental deal is inked at a price of $4 billion, which will be paid in cash to the seller, Las Vegas Sands (NYSE: LVS).