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Vici Properties generated $2.6 billion in revenue last year and said about 45 percent of the haul stemmed from its properties on Las Vegas Boulevard.
Share: The SPAC Deal: SmartRent announced a SPAC merger with Fifth Wall Acquisition Corp I (NASDAQ: FWAA) valuing the company at $2.2 billion. There are no SPAC warrants involved in the deal, which means less dilution to shareholders later on. Founder shares are being given a three-year lockup to ensure the long-term investment in the company. Existing shareholders will have a six-month lockup on their shares. Investors in the company include Starwood Capital, Lennar Corporation (NYSE: LEN), Invitation Homes and Koch Real Estate. Current Fifth Wall Acquisition I shareholders will own 15.9%...