4 ms·

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

• reducesuffering 3y ago
  https://en.wikipedia.org/wiki/Vici_Properties#Properties 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 3y ago
    MGM operates all 3 of those
  • sjm-lbm 3y ago
    Wynn is still independent (I think). That's the only one I can think of, though.
• andy800 3y ago
  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 3y ago
    The margins are amazing: https://www.macrotrends.net/stocks/charts/VICI/vici-properties/profit-margins https://www.macrotrends.net/stocks/charts/VICI/vici-properti... https://www.macrotrends.net/stocks/charts/VICI/vici-properties/net-income https://www.macrotrends.net/stocks/charts/VICI/vici-properti... https://www.macrotrends.net/stocks/charts/VICI/vici-properties/market-cap https://www.macrotrends.net/stocks/charts/VICI/vici-properti... Wonder if VICI assets are protected from having underfunded pensions of casino employee unions.