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river spirit casino and hotel(Image: Olivier Hoslet/EPA)According to Bloomberg, the billionaire’s stake makes him one of Caesars’ Top 10 shareholders, with the holdings valued at 6 million.Benefited from BankruptcyThe 87-year-old’s private firm has been invested in Caesars stock (and debt) for many years, but emerged with a larger percentage stake in the wake of the bankruptcy reshuffling.During a subsequent initial public offering on the New York Stock Exchange, VICI raised more than .The odds of Caesars being awarded an integrated casino resortOnline Operators Still WaitingThe gains in Pennsylvania’s gaming landscape aren’t limited to just brick-and-mortar casinos, of course, as the Pennsylvania Gambling Control Board (PGCB) has announced that it’s finally moving forward with its licensing process.VICI owns 20 Caesars casinos, and leases their gaming and resort operations back to Caesars Entertainment.the coushatta casino