Strat operator, Vici complete $1.16 billion sale, leaseback deal
By David Danzis
Published on April 30, 2026.
Las Vegas-based Golden Entertainment has completed its transition to a private, family-owned operation following a $1.16 billion sale, leaseback deal between chairman and CEO Blake L. Sartini and real estate investment trust Vici Properties Inc. The deal, which closed Thursday, marks the end of Golden’s tenure as a publicly traded company. Shareholders received a $2.75 cash dividend and 0.902 shares of Vici stock for each share of Golden stock they owned. As part of the deal, Vici acquired the real estate assets tied to seven of Golden's casino resorts and entered into a long-term triple-net master lease with entities controlled by Sartin. Golden will continue to operate all of its casino and PT's-branded tavern properties. The company's move to go private had already cleared major regulatory hurdles, with approval from the Nevada Gaming Control Board in mid-April.
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