When casino landlord Vici Properties inked its latest billion-dollar deal in Southern Nevada, it grew its footprint in the riverfront gambling town of Laughlin.
It picked up two more hotels there as part of the sale-leaseback with Golden Entertainment. But another casino property in Laughlin that’s owned by Golden was left out of the deal: the Colorado Belle.
Then again, if it had been included, Golden founder Blake Sartini would be paying rent on a shuttered casino, as the riverboat-themed property has been closed since the onset of the pandemic.
Under the recently closed deal, New York-based Vici purchased seven casino properties from Las Vegas-based Golden — including The Strat — and then leased them to Sartini, the chairman and chief executive, who took the company private and now owns the business.
