MGM’s REIT Makes $5.9 Billion Bid for Caesars’ Spinoff Vici (1)

MGM Growth Properties LLC said it offered to buy Vici Properties Inc. -- and has so far been rebuffed -- in a proposed $5.9 billion deal that would combine two of the U.S.’s biggest casino landlords.

Spurned in its advances, the company known as MGP said it’s taking its Jan. 5 bid public, possibly hoping Vici’s shareholders will pressure management to enter talks. With consumer spending on gambling growing only modestly and many markets saturated with casinos, operators have been looking for ways to boost their earnings and stock prices, including by making acquisitions or spinning off properties into real ...