Vici Chief Financial Officer David Kieske appeared Monday at Preview Las Vegas, an annual forecasting event held by the Vegas Chamber, where he spoke with the Las Vegas Convention and Visitors Authority’s top boss, Steve Hill. Its dominance underscores a huge shift in Las Vegas’ casino real estate market: In recent years, massive hotels up and down the lucrative tourist corridor have been sold for billions of dollars to landlords who locked in huge rental rates.
But its portfolio includes many of Las Vegas Boulevard’s biggest hotel-casinos from Caesars Palace, The Mirage and The Venetian to Luxor, Park MGM, Mandalay Bay and MGM Grand.
Vici doesn’t run any hotel operations on the Strip, its name isn’t on any marquees, and even a top executive says people don’t know them in their resorts. The company, Vici Properties, later bought the suitor - part of a multibillion-dollar spending spree that made it the biggest property owner in Las Vegas’ famed resort corridor. (Chase Stevens/Las Vegas Review-Journal) years ago, a new casino landlord on the Strip rejected a buyout offer, saying its prospects were better as a standalone firm. Pedestrians walk along the Las Vegas Strip outside of Caesars Palace on Thursday, Jan.
