Owner of Caesars casinos plans IPO
By Todd Prince, Las Vegas Review-Journal
Vici Properties, the owner of Caesars Entertainment Corp. casinos and golf courses, plans an initial public offering of its stock to help pay down more than $4 billion of debt and finance future acquisitions.
The real estate investment trust, created from Caesars’ bankruptcy reorganization, will trade on the New York Stock Exchange under the symbol VICI, according to documents filed Dec. 11 with the Securities and Exchange Commission. The documents did not give a time frame or offering size.
Caesars Entertainment is the parent company of Harrah’s Lake Tahoe and Harveys.