---
schema_version: "secwatch.filing_event.v1"
accession: "0001705696-22-000133"
form_type: "8-K"
ticker: "VICI"
cik: "0001705696"
company_name: "VICI PROPERTIES INC."
filed_at: "2022-12-19T23:59:59+00:00"
generated_at: "2026-06-21T02:36:20.453245+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# VICI Properties amends MGM master lease, reduces annual rent to $770M from $860M; enters new Mirage lease with Hard Rock

## Summary
- MGM Master Lease Amendment executed December 19, 2022, reducing annual base rent from $860M to $770M.
- Amendment follows MGM's sale of Mirage Hotel & Casino operations to an affiliate of Hard Rock International.
- VICI concurrently entered a triple-net lease with Hard Rock for the Mirage land and real estate assets.
- Mirage facility removed from MGM master lease; Hard Rock becomes tenant under new standalone lease.
- MGM Resorts International remains guarantor for remaining 13 facilities under the amended master lease.

## SEC filing metadata
- accession: 0001705696-22-000133
- form_type: 8-K
- ticker: VICI
- cik: 0001705696
- company_name: VICI PROPERTIES INC.
- filed_at: 2022-12-19T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1705696/000170569622000133/0001705696-22-000133-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1705696/000170569622000133/vici-20221219.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001705696-22-000133
- JSON: https://secwatch.observer/filing/0001705696-22-000133.json
- Plain text: https://secwatch.observer/filing/0001705696-22-000133.txt

## Key facts
- Material Agreements
  VICI PROPERTIES INC. entered into a lease with Hard Rock (effective 2022-12-19).
  - Action: entry
  - Agreement: lease
  - Counterparty: Hard Rock
  - Effective: 2022-12-19
  source text: Concurrently therewith, the Company entered into a triple-net lease with Hard Rock related to the land and real estate assets of the Mirage.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1705696/000170569622000133/0001705696-22-000133-index.htm
- Material Agreements
  VICI PROPERTIES INC. amended MGM Master Lease Amendment with MGM Resorts International valued at $860 million to $770 million (effective 2022-12-19).
  - Action: amendment
  - Agreement: lease
  - Counterparty: MGM Resorts International
  - Value: $860 million to $770 million
  - Effective: 2022-12-19
  source text: The MGM Master Lease Amendment provides for, among other things, MGM’s sale of the operations of the Mirage and reduces the annual base rent under the MGM Master Lease from $860 million to $770 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1705696/000170569622000133/0001705696-22-000133-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.