Photo of Ed Pitoniak The next 10 to 20 years are expected to be “a strong period for leisure and hospitality in the US,” says Pitoniak.

LAS VEGAS—Newly formed gaming REIT VICI Properties Inc. has completed its spin-off from Caesars Entertainment Operating Co., the company said Friday. The launch comes on the heels of CEOC’s emergence from Chapter 11 bankruptcy and the merger of Caesars Entertainment Corp. with Caesars Acquisition Co., both of which were also finalized on Friday.