VICI Properties Inc. (NYSE:VICI) entered into a definitive agreement to acquire Four Properties in Alberta, Canada from Century Resorts Alberta Inc., Century Casino St. Albert Inc, Century Mile Racetrack and Casino and United Horsemen of Alberta Inc. for approximately CAD 220 million on May 16, 2023. Under the terms of the agreement, the aggregate purchase price includes CAD 192.3 million and approximately CAD 29.4 million to acquire the fee simple real estate interest in Century Downs from the owner of such interest. Century Casino anticipates retaining approximately CAD 154.5 million of the purchase price after giving effect to the purchase of the Century Downs land, selling expenses, Canadian and US taxes and proceeds to be paid to the minority owners of Century Downs. Century Casino will use the sale proceeds to fund improvements at the Nugget and for general corporate purposes. The transaction is subject to customary regulatory approvals and closing conditions and is expected to close in the second half of 2023.

John Orem and Derek Herbert of Stifel acted as financial advisors and Faegre Drinker Biddle & Reath LLP and Field LLP acted as legal counsel to Century Casino the parent of Century Resorts Alberta Inc., Century Casino St. Albert Inc, Century Mile Racetrack and Casino and United Horsemen of Alberta Inc. Kramer Levin Naftalis & Frankel LLP acted as legal advisor to VICI Properties.

VICI Properties Inc. (NYSE:VICI) completed the acquisition of Four Properties in Alberta, Canada from Century Resorts Alberta Inc., Century Casino St. Albert Inc, Century Mile Racetrack and Casino and United Horsemen of Alberta Inc. on September 6, 2023. VICI Properties financed the Century Canadian Portfolio transaction with a combination of cash on hand, proceeds from the partial settlement of forward equity sale agreements and a CAD 75 million draw under our Revolving Credit Facility.