- Category
- Defining Matters
- Date
- Jan. 12, 2023
- Title
-
Kramer Levin Advises VICI in Connection With Acquisition of Four Canadian Gaming Properties in Sale Leaseback Transaction With Pure Canadian Gaming Corp.
On Jan. 9, 2023, Kramer Levin client VICI Properties Inc. (VICI) announced that it has acquired the real estate assets of PURE Casino Edmonton in Edmonton, Alberta, PURE Casino Yellowhead in Edmonton, Alberta, PURE Casino Calgary in Calgary, Alberta, and PURE Casino Lethbridge in Lethbridge, Alberta, from PURE Canadian Gaming Corp. for approximately C$271.9 million (US$200.8 million), and the simultaneous entry into a triple-net master lease agreement with PURE covering the PURE portfolio.
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