VICI Properties finalizes sale-leaseback of two Alberta casinos

(AsiaGameHub) –   This transaction is linked to Pure Casino Entertainment Partnership’s pending acquisition of Gamehost.

Canada.- VICI Properties has revealed plans to purchase the real estate assets of the Deerfoot Inn & Casino, the Great Northern Casino, and two adjacent limited-service hotels in Alberta, Canada, for CAD$200.6 million ($144.4 million). This agreement is tied to Pure Casino Entertainment Partnership’s pending take-private acquisition of Gamehost.

The company stated that this portfolio will be incorporated into the current triple-net master lease agreement held between VICI Properties and PURE, featuring an acquisition capitalisation rate of 8.0 per cent. The deal, which is anticipated to finalize in mid-2026, remains contingent upon standard regulatory approvals and closing conditions.

John Payne, president and COO of VICI Properties, commented: “We are thrilled to strengthen and broaden our footprint in the Canadian gaming sector, a highly stable jurisdiction, working alongside a trusted partner. Through our collaboration with IGP and PURE, we have witnessed their exceptional capability to operate and expand a top-tier gaming platform, and we are proud to sustain that growth as their real estate partner and capital source.

“This transaction perfectly embodies VICI’s value proposition by assisting premier operators in realizing their growth strategies, and we look forward to further developing our relationship with IGP and PURE in the years ahead.”