Over the years, MGM has bought up hotel-casinos on the Strip, and now they own m...

squeaky-clean · on Sept 11, 2023

If it's not MGM it's Caesar's. And both MGM and Caesar's are owned by VICI Properties.

andy800 · on Sept 11, 2023

The companies themselves are not owned by VICI, the land and properties are, and Caesars and MGM (and other casino operators) pay VICI rent.

lotsofpulp · on Sept 12, 2023

The margins are amazing:

https://www.macrotrends.net/stocks/charts/VICI/vici-properti...

Wonder if VICI assets are protected from having underfunded pensions of casino employee unions.

reducesuffering · on Sept 11, 2023

https://en.wikipedia.org/wiki/Vici_Properties#Properties

Insane. Who is competing with them on the Las Vegas Strip? Just Blackstone with Bellagio, Cosmo, and Aria? Those investors have the power to have practically all properties on the strip not compete with each other.

andy800 · on Sept 11, 2023

MGM operates all 3 of those

sjm-lbm · on Sept 12, 2023

Wynn is still independent (I think). That's the only one I can think of, though.

borski · on Sept 11, 2023

Or Caesar's.