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VICI Properties Inc.

VICI.US | Real estate activities with own or leased property

VICI Properties Inc. is a real estate investment trust (REIT) that specializes in owning, acquiring, and developing experiential real estate assets, primarily gaming, hospitality, and entertainment destinations. The company's portfolio includes a diverse collection of geographically diverse properti...Show More

Ethical Profile

Mixed.

VICI Properties Inc. shows a mixed ethical standing, actively partnering with Indigenous Gaming Partners Inc. and EBCI Holdings for property leases, supporting the UN Declaration of Human Rights. VICI is also certified as a Great Place to Work®. Its headquarters and golf courses are ENERGY STAR and LEED-EB Gold certified. As of 2023, 89% of properties have waste reduction programs. VICI maintains robust cybersecurity. However, as a REIT, its direct control over tenant operations is limited. Critics point to potential health risks from gambling at some properties. PETA reportedly purchased VICI stock to influence animal welfare at one property.

Value Scores

Better Health for All-30
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect50
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business0
-100100
Kind to Animals0
-100100
No War, No Weapons-10
-100100
Planet-Friendly Business-50
-100100
Respect for Cultures & Communities-30
-100100
Safe & Smart Tech0
-100100
Zero Waste & Sustainable Products-10
-100100

Better Health for All

-30

VICI's portfolio includes 54 gaming properties out of 93 experiential assets, representing approximately 58% of its properties, which have potential negative health impacts due to gambling addiction.

1
To mitigate this, VICI's tenants implement comprehensive programs for responsible gambling, including consumer education, employee training, and standards to address problem and underage gambling.
2
VICI also supports organizations committed to responsible gaming and addiction prevention.
3
Concurrently, VICI has made substantial investments totaling $350 million in Canyon Ranch to expand wellness resorts, launch urban wellness clubs, and develop digital health platforms, promoting mental and physical health accessibility for customers.
4
The company also provides comprehensive mental health and wellness services for its employees, including virtual and telehealth psychological services, 24/7 online resources, and an employee assistance program.
5
Furthermore, VICI and its tenants pursue environmental sustainability initiatives, such as energy efficiency, water conservation, waste reduction, and Styrofoam elimination, which mitigate health-harming externalities.
6

Fair Money & Economic Opportunity

0

VICI Properties Inc. is a real estate investment trust (REIT) that primarily owns and leases experiential assets, rather than directly offering lending, insurance, or deposit services to consumers.

1
As such, most KPIs under Fair Money & Economic Opportunity, which are designed for financial service providers, are not applicable to its core business. The company does not have consumer credit products, manage customer finance data, or operate financial service access points. While VICI engages in community support, investing over $4 million in community and legacy programs, and educational partnerships, such as a real estate investment course for over 30 college students, these activities do not directly align with the specific financial product-oriented definitions of the KPIs.
2
The percentage of profit reinvested in community finance cannot be calculated as the company's annual pre-tax profit was not provided in the evidence.

Fair Pay & Worker Respect

50

VICI Properties Inc. has been certified as a Great Place to Work® for five consecutive years, with 100% of its employees agreeing that it is a great place to work.

1
The company conducts annual employee engagement surveys through the Great Place to Work® platform, having done so since 2019, and introduced an additional platform for more frequent pulse surveys in 2024.
2

Fair Trade & Ethical Sourcing

0

VICI Properties Inc. is a real estate investment trust (REIT)

1
with minimal direct involvement in material sourcing, meaning it does not procure or trade physical commodities or at-risk inputs
2
. The company has established Responsible Supplier Principles that outline expectations for third-party suppliers, including compliance with laws, commitment to a diverse workplace, prohibition of forced labor and child labor, and support for environmental sustainability and business integrity
3
. These principles are periodically reviewed by the Board
4
. VICI's 2023-2024 ESG Report aligns with SASB and TCFD frameworks
5
.

Honest & Fair Business

0

No evidence available to assess VICI Properties Inc on Honest & Fair Business.

Kind to Animals

0

PETA purchased stock in VICI Properties to pressure racetracks owned by the company, including Harrah’s Louisiana Downs Casino, Racing & Entertainment and Mountaineer Casino Racetrack and Resort, to adopt 11 rules to improve horse welfare.

1
PETA's concerns include the daily death of more than three horses on North American tracks
2
and the overuse of medications.
3
PETA advocates for changes such as replacing dirt tracks with synthetic ones, banning trainers with multiple medication violations, and banning whipping.
4
As a real estate investment trust, VICI Properties does not have its own products that would be certified cruelty-free, nor does it have product lines with animal inputs.

No War, No Weapons

-10

VICI Properties Inc. operates as a real estate investment trust (REIT) with no involvement in military contracts, arms manufacturing, or activities related to war or weapons.

1
The company explicitly avoids involvement in arms manufacturing or military contracts, reflecting a public commitment to maintain an arms-free business.
2
As a result, it has no dual-use technology, no exposure to any weapons, and no defense assets to divest.
3
The company does not have direct peacebuilding initiatives.
4

Planet-Friendly Business

-50

VICI Properties Inc. offsets 100% of its 2024 Scope 2 emissions from electricity usage through Renewable Energy Credits (RECs).

1
The company reported a waste diversion rate of 37.5% for its triple-net portfolio in 2024.
2
Five properties in its triple-net lease portfolio and its corporate headquarters are LEED certified
3
, and two golf courses are Audubon Cooperative Sanctuary Program certified
4
, totaling approximately 8.5% of its facilities. In 2024, 5% of water for its triple-net leased portfolio was sourced from regions with high or extremely high baseline water stress.
5
The company reported no significant instances of non-compliance with environmental laws and regulations during the reporting period.
6
VICI has not declared a net-zero target year.
7
The company's reporting is aligned with TCFD recommendations
8
, and it completed multiple climate scenario analyses in the first half of 2025, based on SSP 1-2.6, SSP 2-4.5, and SSP 5-8.5 pathways.
9
Stranded asset risks are discussed in the context of climate risk analysis.
10
In 2023, VICI conducted 10 specific environmental audits and assessments for its golf courses.
11
The company has no SBTi-aligned targets.
12
Biodiversity efforts include planting monarch butterfly habitats and installing bee hives at golf courses.
13

Respect for Cultures & Communities

-30

VICI Properties has reported no cultural appropriation incidents.

1
However, the company is currently exploring methods to expand due diligence procedures for community and demographic understanding prior to acquisitions or investments
2
, indicating an absence of a formal cultural impact assessment protocol
3
despite operating in areas with indigenous partners.
4

Safe & Smart Tech

0

VICI Properties is committed to using personal information only as necessary and allows users to opt out of certain data uses.

1
In 2023, the company implemented a comprehensive cybersecurity and data protection program, which includes a robust zero trust model, network segmentation, external threat monitoring, access and authentication controls, and incident response planning.
2
Regular assessments, such as quarterly vulnerability scans and annual third-party penetration testing, are conducted.
3
Employees receive regular cybersecurity training, including anti-phishing exercises, and the Audit Committee oversees the cybersecurity framework.
4
VICI Properties invested $12.4 million in digital technologies, including sophisticated cybersecurity infrastructure, in 2023.
5

Zero Waste & Sustainable Products

-10

VICI Properties reported a waste diversion rate of 37.5% for its triple-net portfolio in 2024.

1
The company has implemented numerous waste reduction initiatives, including active recycling programs at its corporate headquarters and golf courses for materials such as paper, glass, metal, electronics, and packaging.
2
Initiatives also include donating office furniture for reuse, repurposing on-site landscape materials, operating a greenhouse at Grand Bear Golf Club, eliminating Styrofoam, and replacing plastic water bottles with reusable aluminum ones at Chariot Run Golf Club.
3
In 2024, Cascata Golf Club recycled over 21 tons of scrap metal and equipment, while Chariot Run Golf Club recycled over 5 tons of paper, cardboard, and plastics.
4
Waste reduction programs are present across 89% of properties.
5
88% of tenants have a recycling program.
6
VICI's golf courses implement recycling programs that encourage employees and customers to participate in recycling consumer waste.
7
The company also implements Responsible Supplier Principles, encouraging suppliers to adopt waste conservation policies and preferring those offering recycled content and reduced packaging options.
8

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.