Real Estate
Vici Properties agreed to a sale leaseback transaction with Jack Entertainment LLC in $843 million deal. : (Bloomberg)—Vici Properties Inc. agreed to buy the real estate assets of the Jack Cleveland Casino and the nearby Jack Thistledown Racino for about $843 million in cash. Vici, which spun off from Caesars Entertainment in 2017, agreed to lease the properties to seller Jack Entertainment LLC at an initial annual rent of about $66 million, according to a statement. The Cleveland casino, which opened in 2012, has 96,000 square feet of gaming space, is connected to Ritz-Carlton and Renaissance hotels in downtown Cleveland.

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