Huge acquisition of Deerfoot Inn and Casino by VICI Properties
VICI Properties Expands in Canada with $11.6M Rent-Boosting Acquisition of Deerfoot Inn & Casino and Great Northern Casino VICI Properties is set to acquire Deerfoot Inn & Casino, Great Northern Casino, and two adjacent limited-service hotels in a deal linked to Pure Casino Entertainment Limited Partnership’s (PURE) private buyout of Gamehost. This strategic move strengthens VICI’s footprint in Canada’s stable gaming market. Once finalized, these properties will integrate into VICI’s existing lease with PURE, driving an annual rent increase of $11.6 million (CAD 16.1 million) at an 8.0% acquisition cap rate. It’s a smart play for steady revenue growth in the gaming real estate sector. Key Lease Terms After VICI Properties Acquisition The updated lease offers long-term stability with these highlights: • Initial Escalation: Rent…















