NYSE:VICISpecialized REITs
The Bull Case For VICI Properties (VICI) Could Change Following Expansion Into Las Vegas Locals Market
In the fourth quarter of 2025, VICI Properties agreed to acquire seven casino properties, marking its entry into the Las Vegas Locals market, the second-largest gaming market in the U.S.
This move expands VICI’s footprint beyond the Las Vegas Strip into a recurring, local customer base, potentially reshaping the mix of its experiential real estate exposure.
We’ll now examine how VICI’s move into the Las Vegas Locals market could influence its existing investment narrative and risk...