- VICI Properties announced last month that they would be acquiring MGM Growth Properties, making it the largest publicly traded owner of casino properties in the US.
- The deal is expected to diversify VICI's holdings, reduce its cost of capital, and could possibly lead to an S&P 500 inclusion.
- While VICI stock has some inflation and recession risk, the stock is priced to earn double-digit returns in the coming years.
- MGP stock offers an additional premium to VICI due to the spread between the market price and deal price in the stock acquisition deal.
For further details see:
Is VICI Properties A Buy Or Sell? Allow Me To Introduce You