11/17/2023 0 Comments Cherokee nation casino property![]() Initial total annual rent under the lease is $40.0 million and the lease has an initial term of 25-years with three 10-year tenant renewal options. ![]() John Payne, President and Chief Operating Officer of VICI Properties, said, "We are excited to partner with Cherokee Nation Businesses in Tunica and look forward to supporting the team as they grow their gaming and hospitality businesses." ("CNB"), VICI has entered into a triple-net lease agreement with CNB with respect to the real property associated with Gold Strike. (NYSE: VICI) ("VICI Properties" or the "Company") announced today that, in connection with the acquisition of the operations of Gold Strike Casino Resort ("Gold Strike") by CNE Gaming Holdings, L.L.C., an indirect subsidiary of Cherokee Nation Businesses, L.L.C. NEW YORK, February 16, 2023-( BUSINESS WIRE)-VICI Properties Inc.
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