It owns 54 casinos, hotels, and racetracks, four golf courses, and 38 bowling alleys around the United States and Canada.

[4] The plan was designed to maximize value for CEOC's creditors by taking advantage of favorable tax treatment for REITs.

[8][9][10] Vici began with a portfolio of nineteen casinos and racetracks, all leased to Caesars at a total initial annual rent of $630 million, and four golf courses.

[12] Vici acquired Harrah's Las Vegas from Caesars in December 2017 for $1.1 billion, and leased it back at an initial annual rent of $87.4 million.

[35][36] Vici more than doubled its size in 2022 by acquiring MGM Growth Properties and the Venetian complex on the Las Vegas Strip.

Vici purchased the real estate of the Venetian complex from Las Vegas Sands in February 2022 for $4 billion.

[39][40][41] The purchase added full ownership of thirteen properties to Vici's portfolio, and half ownership of the MGM Grand Las Vegas and Mandalay Bay resorts, and increased Vici's annual revenue by $1 billion,[42] along with making it the largest land owner on the Las Vegas Strip, with over 660 acres.