VICI Properties Inc. Announces Pricing of Upsized Public Offering of 30 Million Shares of Common Stock

NEW YORK–(BUSINESS WIRE)–VICI Properties Inc. (NYSE:VICI) (“VICI Properties” or the “Company”),
an experiential-asset real estate investment trust (“REIT”), today
announced the pricing of an upsized public offering of 30 million shares
of common stock at a public offering price of $21.00 per share, for
gross proceeds of $630.0 million. The Company has also granted to the
underwriters a 30-day option to purchase up to an additional 4.5 million
shares of common stock at the public offering price, less underwriting
discounts and commissions. The offering is expected to close on November
19, 2018, subject to customary closing conditions.

VICI Properties currently intends to use the net proceeds from this
offering, together with debt financing and available cash on hand, to
fund its previously announced acquisition of the land and real estate
assets of the Greektown Casino-Hotel.

Goldman Sachs & Co. LLC, BofA Merrill Lynch, Deutsche Bank Securities
and Morgan Stanley are acting as joint book-running managers and as
representatives of the underwriters for the offering. Barclays,
Citigroup and UBS Investment Bank are serving as bookrunners.

The offering is being made pursuant to an effective shelf registration
statement filed by VICI Properties with the Securities and Exchange
Commission (“SEC”) on October 1, 2018 and is being made only by means of
a prospectus supplement relating to such offering and the accompanying
base prospectus, a copy of which may be obtained, when available, from:
Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West
Street, New York, NY 10282 (telephone: (866) 471-2526 or email: prospectus-ny@ny.email.gs.com);
BofA Merrill Lynch, Attention: Prospectus Department, NC1-004-03-43, 200
North College Street, 3rd Floor, Charlotte NC 28255-0001 (email: dg.prospectus_requests@baml.com);
Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall
Street, New York, NY 10005, (telephone: (800) 503-4611 or email: prospectus.CPDG@db.com);
and Morgan Stanley, Attention: Prospectus Department, 180 Varick Street,
2nd Floor, New York, NY 10014 (email: prospectus@morganstanley.com).

This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer,
solicitation, or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.

About VICI Properties

VICI Properties is an owner and acquirer of experiential real estate
assets across leading gaming, hospitality, entertainment and leisure
destinations, including Caesars Palace Las Vegas and Harrah’s Las Vegas,
two of the most iconic entertainment facilities on the Las Vegas Strip.
VICI Properties’ well-maintained properties are located in nine states,
contain nearly 14,500 hotel rooms and feature over 150 restaurants, bars
and nightclubs across more than 35 million square feet. Its properties
are leased to leading brands that seek to drive consumer loyalty and
value through superior services, experiences, products and continuous
innovation. VICI Properties also owns four championship golf courses and
34 acres of undeveloped land adjacent to the Las Vegas Strip.

Forward-Looking Statements

This press release contains forward-looking statements within the
meaning of the federal securities laws. You can identify these
statements by our use of the words “assumes,” “believes,” “estimates,”
“expects,” “guidance,” “intends,” “plans,” “projects,” and similar
expressions that do not relate to historical matters. All statements
other than statements of historical fact are forward-looking statements.
You should exercise caution in interpreting and relying on
forward-looking statements because they involve known and unknown risks,
uncertainties, and other factors which are, in some cases, beyond the
Company’s control and could materially affect actual results,
performance, or achievements. Among those risks, uncertainties and other
factors are risks relating to (i) the ability to receive, or delays in
obtaining, the governmental and regulatory approvals and consents
required to consummate the Company’s pending acquisitions, or other
delays or impediments to completing these transactions; (ii) the
ultimate timing and outcome of the pending acquisitions, including the
Company’s ability to obtain the financing necessary to complete each of
the acquisitions; (iii) the possibility that the one or more of the
pending acquisitions may not be completed or that completion may be
unduly delayed; (iv) the effects of the pending acquisitions on the
Company, including the post-acquisition impact on the Company’s
financial condition, financial and operating results, cash flows,
strategy and plans; and (v) the prevailing conditions in the public
capital markets. Important risk factors that may affect the Company’s
business, results of operations and financial position are detailed from
time to time in the Company’s filings with the Securities and Exchange
Commission. The Company does not undertake any obligation to update or
revise any forward-looking statement, whether as a result of new
information, future events, or otherwise, except as may be required by
applicable law.

Contacts

Investors:
Investors@viciproperties.com
(646)
949-4631
or
ICR
Jacques Cornet
Jacques.Cornet@icrinc.com

Media:
PR@viciproperties.com
(646)
949-4631
or
ICR
Phil Denning and Jason Chudoba
Phil.Denning@icrinc.com,
(646) 277-1258
Jason.Chudoba@icrinc.com,
(646) 277-1249