VICI Properties intrigued by stadiums; could Las Vegas be a location? Howard Stutz, Indy Gaming, The Nevada Independent · August 6, 2022 at 12:25 pm Real estate investment trust VICI Properties owns a diverse roster of businesses beyond its 43 gaming locations in 15 states that are operated by eight casino companies. The company owns four championship golf courses — two in Nevada and one each in Indiana and Mississippi. VICI invested in Chelsea Piers, a sports and fitness complex in New York City; Great Wolf Resorts, a non-gaming lodging and indoor water park operator; and Big Shots Golf, a chain of self-contained driving ranges. In June, VICI also invested in a Florida golf course resort and community owned by developer Cabot Group. “We love the indoor water park business, the theme park business, (and) family entertainment centers,” VICI President John Payne said on the company’s second-quarter earnings conference call last week. “There are parts of sports that I think are quite interesting that we’re studying and parts of fitness that we’re continuing to study.” Add stadiums to that list. VICI CEO Edward Pitoniak told an analyst that investing in a stadium development was an intriguing idea for the REIT, which launched in 2017 by taking ownership of 20 Caesars Entertainment hotel-casinos as part of the casino operator’s bankruptcy reorganization.