Vici Properties, the world's largest casino landlord, is reportedly exploring a $382 million investment in the Atlantis Paradise Island resort in The Bahamas, according to a recent Central Bank of The Bahamas report.

The potential investment, approved on September 10, 2024, involves collaboration with current Atlantis owner Brookfield Asset Management. This development comes after previous reports of Brookfield seeking to sell the property for approximately $2.5 billion in both 2019 and 2023.

The investment could potentially revive the "Somewhere Else" project, a planned 400-room hotel development near The Coral tower, which was originally proposed in 2022 in partnership with David Grutman and Pharrell Williams.

Key Details:

Vici Properties currently owns 93 casino and gaming properties across the US and Canada
Atlantis has an existing partnership with Caesars Rewards program
The resort hosts the World Series of Poker Paradise tournament
Brookfield acquired Atlantis in 2012 through debt restructuring

Caesars Connection: Atlantis maintains strong ties with Caesars through its rewards program, offering:

Complimentary stays for Diamond-level members and above
Four-night stays in The Coral Tower for Diamond members during select months
Five-night stays year-round for Seven Stars members

The potential investment aligns with Vici's expansion strategy and could mark its first major venture into the Caribbean gaming market. Neither Vici, Brookfield, nor Atlantis have officially commented on the reported investment plans.

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