Max Mars's questions to VICI PROPERTIES (VICI) leadership • Q1 2025
Question
Max Mars of CBRE Group, Inc. inquired about VICI's interest in Australian gaming assets, like those of Star Entertainment, and asked about the company's top strategic priorities beyond accretion.
Answer
CEO Edward Pitoniak stated VICI has no interest in the Australian opportunity, citing significant regulatory turmoil and a lack of visibility into future asset earnings. He identified a top strategic priority as 'weatherproofing the business,' emphasizing proactive balance sheet management, such as the recent successful refinancing, to protect the company against market volatility.