VICI Properties Inc. Enters Into Lease Agreement with The Eastern Band of Cherokee Indians related to Caesars Southern Indiana
VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company) announced today that, in connection with the Eastern Band of Cherokee Indians (EBCI) acquisition of the operations of Caesars Southern Indiana, the Company has entered into a triple-net lease agreement with EBCI Holdings, a subsidiary of EBCI, with respect to the real property associated with Caesars Southern Indiana.
- VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company) announced today that, in connection with the Eastern Band of Cherokee Indians (EBCI) acquisition of the operations of Caesars Southern Indiana, the Company has entered into a triple-net lease agreement with EBCI Holdings, a subsidiary of EBCI, with respect to the real property associated with Caesars Southern Indiana.
- Annual base rent payments under the Companys Regional Master Lease with Caesars Entertainment, Inc. (NYSE: CZR) (Caesars) will be reduced by $32.5 million.
- VICI Properties strategy is to create the nations highest quality and most productive experiential real estate portfolio.
- The Eastern Band of Cherokee Indians is a federally recognized Tribe located in western North Carolina.