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by squeaky-clean 1017 days ago
If it's not MGM it's Caesar's. And both MGM and Caesar's are owned by VICI Properties.
2 comments
andy800 1017 days ago
The companies themselves are not owned by VICI, the land and properties are, and Caesars and MGM (and other casino operators) pay VICI rent.
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lotsofpulp 1017 days ago
The margins are amazing:

https://www.macrotrends.net/stocks/charts/VICI/vici-properti...

https://www.macrotrends.net/stocks/charts/VICI/vici-properti...

https://www.macrotrends.net/stocks/charts/VICI/vici-properti...

Wonder if VICI assets are protected from having underfunded pensions of casino employee unions.

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reducesuffering 1017 days ago
https://en.wikipedia.org/wiki/Vici_Properties#Properties

Insane. Who is competing with them on the Las Vegas Strip? Just Blackstone with Bellagio, Cosmo, and Aria? Those investors have the power to have practically all properties on the strip not compete with each other.

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andy800 1017 days ago
MGM operates all 3 of those
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sjm-lbm 1017 days ago
Wynn is still independent (I think). That's the only one I can think of, though.
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