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doubledown casino official websiteCEOC’s properties were spun off into a real estate investment trust (REIT), VICI Properties, which then leased them back to CEOC to operate.The company is well on the road to profitability for the first time in the best part of a decade.(Image: Associated Press)But that’s peanuts in comparison with the corresponding quarter of 2017, when the group’s losses were 7 million.CEOC’s many debtors ultimately agreed to transfer debt into equity in the new REIT.CEOC’s properties were spun off into a real estate investment trust (REIT), VICI Properties, which then leased them back to CEOC to operate.“Our first-quarter results exceeded our expectations, despite unfavorable year-over-year hold, several weather-related property closures and a shift in the Las Vegas convention calendar compared to the first quarter of last year,” said Frissora during Wednesday’s earnings call.buffalo gold slots online real money