Vici Properties Agrees Sale and Leaseback Deal with Pure Casino Entertainment for Margaritaville Resort Casino
Vici Properties, a leading casino real estate investment trust, has agreed to purchase the Margaritaville Resort Casino real estate assets from Pure Casino Entertainment for $261 million. The transaction is structured as a sale and leaseback deal, enabling Pure Casino Entertainment to continue operating the property under a triple-net lease with Vici Properties. Located in Bossier City, Louisiana, the Margaritaville Resort Casino will remain under Pure’s operational control while Vici owns the real estate. This deal exemplifies the active partnerships between casino operators and real estate investment trusts in the U.S. gaming sector, allowing operators to free capital while maintaining property management. The agreement underlines ongoing investor interest in casino properties as valuable real estate assets within a regulated market. Both companies benefit from the arrangement’s financial and operational structure, supporting the casino’s long-term presence in the Louisiana gaming market.