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caesar casino jerseyREITs are entities that own land and physical brick-and-mortar assets, but lease back their operations.(Image: Fabrice Coffrini/Getty/Benjamin Hager/Casino.McKnight is especially optimistic regarding Gaming & Leisure Properties (GLP), the REIT formed in 2013 by Penn National Gaming.MGM Growth Properties, MGM’s REIT, tried to make a move to acquire VICI before it went public.With that in mind, it’s not clear what will happen to teams that already have these deals in place, or how strictly Valve’s request will be enforced.Bank of America downgraded Sands from “buy” to “neutral” last month.luckyland casino app