VICI Properties announces sale and leaseback of two casinos in Alberta
The deal is connected with Pure Casino Entertainment Partnership’s pending acquisition of Gamehost.
Canada.- VICI Properties has announced a CAD$200.6m ($144.4m) acquisition of the real estate assets of Deerfoot Inn & Casino, Great Northern Casino and two limited-service hotels that adjacent to the Great Northern Casino, in Alberta, Canada. The deal is connected with Pure Casino Entertainment Partnership’s pending take-private acquisition of Gamehost.
The company said the portfolio will be added to the existing triple-net master lease agreement between VICI Properties and PURE, representing an acquisition capitalisation rate of 8.0 per cent. The transaction is subject to customary regulatory approvals and closing conditions and is expected to close in mid-2026.
John Payne, president and COO of VICI Properties, said: “We are very excited to deepen and expand our presence in the Canadian gaming market, a very steady and stable gaming jurisdiction, alongside an existing partner. Having worked alongside IGP and PURE, we have seen firsthand their ability to operate and grow a best-in-class gaming platform, and we are proud to continue supporting that growth as their real estate partner and capital provider.
“This is exactly the kind of transaction that reflects VICI’s value proposition, helping best-in-class operators execute on their growth strategies, and we hope to continue growing our relationship with IGP and PURE for years to come.”
