13G Filing: Soros Fund Management and Vici Properties Inc.

CUSIP NO.  925652109

Page 5 of 12 Pages

Item 1(a).

Name of Issuer:

VICI Properties Inc. (the “Issuer”).

Item 1(b).

Address of the Issuer’s Principal Executive Offices:

8329 W. Sunset Road, Suite 210

Las Vegas, Nevada 89113

Item 2(a).

Name of Person Filing

The Statement is filed on behalf of each of the following persons (collectively, the “Reporting Persons”):

(i)

Soros Fund Management LLC (“SFM LLC”);

(ii)

George Soros; and

(iii)

Robert Soros.

This statement relates to Shares (as defined herein) held and Shares issuable upon the automatic conversion of shares of the Issuer’s Series A Preferred Stock held for the account of Quantum Partners LP, a Cayman Islands exempted limited partnership (“Quantum Partners”) and Shares issuable upon the automatic conversion of CPLV junior mezzanine debt (the “Junior Mezzanine Loan”), a portion of which is held by Lakestar Semi Inc. (“Lakestar”), which is wholly owned by a subsidiary of Quantum Partners.  SFM LLC serves as principal investment manager to Quantum Partners and Lakestar.  As such, SFM LLC has been granted investment discretion over portfolio investments, including securities of the Issuer, held for the accounts of Quantum Partners and Lakestar.  George Soros serves as Chairman and Manager of SFM LLC and Robert Soros serves as Manager of SFM LLC.

Item 2(b).

Address of Principal Business Office or, if None, Residence:

The address of the principal business office of each of the Reporting Persons is 250 West 55th Street, 38th Floor, New York, NY 10019.

Item 2(c).

Citizenship:

(i)

SFM LLC is a Delaware limited liability company;

(ii)

George Soros is a United States citizen; and

(iii)

Robert Soros is a United States citizen.

Item 2(d).

Title of Class of Securities:

Common Stock, par value $0.01 per share (the “Shares”).

Item 2(e).

CUSIP Number:

925652109