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0 pointssqueaky-clean2y ago0 comments

If it's not MGM it's Caesar's. And both MGM and Caesar's are owned by VICI Properties.

0 comments

The companies themselves are not owned by VICI, the land and properties are, and Caesars and MGM (and other casino operators) pay VICI rent.

lotsofpulp2y ago

The margins are amazing:

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

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

reducesuffering2y 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.

andy8002y ago

MGM operates all 3 of those

sjm-lbm2y ago

Wynn is still independent (I think). That's the only one I can think of, though.

j / k navigate · click thread line to collapse

0 comments

andy8002y 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.

lotsofpulp2y ago

The margins are amazing:

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

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

reducesuffering2y ago

https://en.wikipedia.org/wiki/Vici_Properties#Properties

andy8002y ago

MGM operates all 3 of those

sjm-lbm2y ago

Wynn is still independent (I think). That's the only one I can think of, though.

j / k navigate · click thread line to collapse