secwatch.observer — SEC 8-K summary
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Issuer:     VICI PROPERTIES INC. (VICI)
CIK:        0001705696
Form:       8-K
Filed at:   2022-12-19T23:59:59+00:00
Accession:  0001705696-22-000133
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1705696/000170569622000133/0001705696-22-000133-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1705696/000170569622000133/vici-20221219.htm
  HTML page:      https://secwatch.observer/filing/0001705696-22-000133

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