Vici Properties has completed its acquisition of the real estate assets for Deerfoot Inn & Casino, Great Northern Casino and two limited-service hotels which are adjacent to the Great Northern Casino for $144.4m.
In a connected transaction, Indigenous Gaming Partners announced the acquisition of Gamehost through Pure Casino Entertainment, which amended its triple-net master lease agreement with Vici to add the new portfolio.
The agreement between Indigenous Gaming Partners and Pure Casino Entertainment was originally unveiled on March 30 and includes the acquisition of all remaining common shares in Gamehost for $13.65 per share in cash.
Indigenous Gaming Partners stated the transaction represents a “significant milestone” for the organization, as well as a “partnership between five Nova Scotia First Nations and Sonco Gaming Inc. and…a rare instance of a First Nations-led group taking a publicly traded company private in Canada.”
Vici’s annual rent with Pure Casino Entertainment increased $11.6m as a result of the new acquisitions, while both parties adjusted the lease’s term to include a full 25-year initial base with four five-year renewal options.
At the start of May, Vici officially closed on its $1.1bn acquisition of the land, real property and improvements of seven Nevada casino properties from Golden Entertainment, and also assumed and immediately retired the operator’s outstanding $426m debt.
As part of the transaction, Vici entered into a triple-net master lease agreement with a newly formed entity owned and controlled by Golden Entertainment Chairman & CEO Blake Sartini.
Golden Entertainment shareholders received approximately 24.3 million shares of newly issued Vici common stock following the transaction’s closing, valued upon Vici’s 10-day average price as of November 5, 2025.
Vici reported its financial results for the first quarter of 2026 on April 29, having increased revenue by 3.5% to just over $1bn, while adjusted funds from operations totaled $650.9m and grew 5.7%
