VICI Properties’ Profit Skyrockets to $ 2.51 Billion, Doubles from Last Year
Kate Marshal
04 March 2024
Comment 0
VICI Properties, an investment fund that focuses on gaming real estate, saw its net profit soar by more than double (+124.9%) in 2023, reaching $2.51 billion.
In 12 months, VICI’s total revenue reached $3.61 billion. This beats the previous year’s $2.6 billion by over $1 billion.
Most of VICI’s revenue came from commercial-type leases, which totaled $1.98 billion, a 35.3% increase from the year before.
Revenue from lease financing receivables, loans, and securities also grew significantly by 46.0%, hitting $1.52 billion.
As for expenses, operating costs dropped by 72.2% to $990 million. This was mainly because of a much lower change in the allowance for credit losses. In 2023, this allowance was $102.8 million, compared to $834.5 million in the previous year.
Net other costs were $788.4 million, while VICI also got $6.1 million in tax benefits, but subtracted $41.1 million of income from non-controlling interests.
Plus, adjusted EBITDA rose by 31.4% to $2.91 billion.
In 2023, the company, together with Century Casino, bought eight gaming assets in Canada, worth $363.3 million.
Best Bonuses
BitStarz Bonus Code – Welcome Bonus
Активен до: 22.12.2026
BitStarz offers a welcome bonus: up to $500 or 5 BTC, plus extra rewards after your first deposit.
Best Linebet Promo Code for New Users: 2 Welcome Bonuses
Активен до: 22.12.2026
Up to 1766 USD + 150 free spins for casino or a 100% sports bonus up to 117.89 USD on the first deposit.
Working 888starz.bet Promo Code – Sports & Casino Bonus
Активен до: 22.12.2027
Promo code unlocks the full welcome package, including up to €1500 + 150 Free Spins in the casino and up to €400 in sport.
Working Pinco Promo Code 2026 – Elite Welcome Rewards
Активен до: 22.12.2026
New players at Pinco can claim a 160% casino bonus on their first deposit by registering with the promo code GPARK.
Official Fonbet Promo Code 2026 for €3,000
Активен до: 22.12.2026
Choose a multi-stage casino bonus and get up to €3,000 and 225 free spins across your first five deposits.
Bonus Promo code PIN-UP — Special Promo
Активен до: 22.12.2026
Profitable bonus with using our promo code up to €5,000
