VICI Properties Buys Seven Nevada Casinos in $1.16B Deal With Golden Entertainment
VICI Properties has agreed to acquire seven Nevada casinos from Golden Entertainment for a total of $1.16 billion. The deal, announced on November 6, 2025, includes notable properties like the STRAT tower. Golden Entertainment will continue to operate these casinos under a 30-year leaseback agreement.
The sale, expected to close by mid-2026, is subject to shareholder and regulatory approvals. This acquisition by VICI Properties reflects the growing appeal of the locals market, which experienced a 5% growth in 2025. Meanwhile, the Strip's growth rate slowed to 3% during the same period. The STRAT tower, a prominent feature in the Las Vegas skyline, is among the seven casinos set to change hands.
The $1.16 billion acquisition by VICI Properties signals a significant shift in the Nevada casino landscape. The deal, once finalized, will see Golden Entertainment continue to operate the seven casinos under a long-term lease. This transaction underscores the resilience and growth potential of the locals market, despite the Strip's slower growth.
