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Monster Beverage Reports 2024 First Quarter Results

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Giovedì, Maggio 2, 2024

CORONA, Calif., May 02, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ: MNST) today reported financial results for the three-months ended March 31, 2024.

Key Points:

-- Net Sales, Adjusted for Adverse Changes in Foreign Currency of $64.4 Million,
CORONA, Calif., May 02, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ: MNST) today reported financial results for the three-months ended March 31, 2024.
Such sales were approximately 39 percent of total net sales in the 2024 first quarter, compared with 37 percent in the 2023 first quarter.
Operating expenses for the 2024 first quarter were $485.1 million, compared with $412.8 million in the 2023 first quarter.
Stock-based compensation was $22.5 million for the 2024 first quarter, compared with $16.1 million in the 2023 first quarter.

VICI Properties Inc. Announces First Quarter 2023 Results

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Lunedì, Maggio 1, 2023

VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or the “Company”), an experiential real estate investment trust, today reported results for the quarter ended March 31, 2023.

Key Points:

VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or the “Company”), an experiential real estate investment trust, today reported results for the quarter ended March 31, 2023.
VICI’s international expansion opens up a new frontier of investment opportunities as VICI aims to be an owner of premier global experiential real estate.
AFFO per share was $0.53 for the quarter, an increase of 18.6% compared to $0.44 for the quarter ended March 31, 2022.
In March 2023, the Company entered into two forward-starting interest rate swap agreements with an aggregate notional amount of $250.0 million.

Cherokee Nation Businesses Completes Acquisition of Gold Strike Casino Resort

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Giovedì, Febbraio 16, 2023

CNE Gaming Holdings LLC, an indirect subsidiary of Cherokee Nation Businesses , officially assumed operations of Gold Strike Casino Resort after receiving approval from the Mississippi Gaming Commission.

Key Points:

CNE Gaming Holdings LLC, an indirect subsidiary of Cherokee Nation Businesses , officially assumed operations of Gold Strike Casino Resort after receiving approval from the Mississippi Gaming Commission.
Gold Strike Casino Resort is located on the Mississippi River, approximately 30 minutes from downtown Memphis.
Operations continue as usual, and the more than 1,100 team members dedicated to Gold Strike Casino Resort were retained.
For more information about Gold Strike Casino Resort, visit www.goldstrike.com .

VICI Properties Inc. Enters Into Lease Agreement With Cherokee Nation Businesses Related to the Gold Strike Casino Resort in Tunica, MS

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Giovedì, Febbraio 16, 2023

VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or the “Company”) announced today that, in connection with the acquisition of the operations of Gold Strike Casino Resort (“Gold Strike”) by CNE Gaming Holdings, L.L.C., an indirect subsidiary of Cherokee Nation Businesses, L.L.C.

Key Points:

VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or the “Company”) announced today that, in connection with the acquisition of the operations of Gold Strike Casino Resort (“Gold Strike”) by CNE Gaming Holdings, L.L.C., an indirect subsidiary of Cherokee Nation Businesses, L.L.C.
(“CNB”), VICI has entered into a triple-net lease agreement with CNB with respect to the real property associated with Gold Strike.
Annual base rent payments under the Company’s master lease with MGM Resorts International (NYSE: MGM) (“MGM”) have been reduced by $40.0 million, to a total of $730.0 million, to account for MGM’s divestiture of the operations of Gold Strike.
Kramer Levin Naftalis & Frankel LLP served as legal counsel to VICI Properties.

MGM RESORTS INTERNATIONAL ANNOUNCES COMPLETION OF THE SALE OF THE OPERATIONS OF GOLD STRIKE TUNICA

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Giovedì, Febbraio 16, 2023

CFO, VICI, Cherokee Nation Businesses, Weil, Gotshal & Manges, MGM Resorts International, NYSE, Vici Properties, Sale, Gold Strike Tunica, MGM, CNE, Gold Strike, Depreciation, Tax, L.L.C

LAS VEGAS, Feb. 15, 2023 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today announced it has closed on the sale of the operations of Gold Strike Tunica ("Gold Strike") to CNE Gaming Holdings, L.L.C., a subsidiary of Cherokee Nation Businesses, for $450 million in cash.

Key Points:

LAS VEGAS, Feb. 15, 2023 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today announced it has closed on the sale of the operations of Gold Strike Tunica ("Gold Strike") to CNE Gaming Holdings, L.L.C., a subsidiary of Cherokee Nation Businesses, for $450 million in cash.
"Gold Strike is an iconic property in Mississippi, and the employees there represent southern hospitality at its finest," said Bill Hornbuckle, CEO & President, MGM Resorts International.
"I wish Gold Strike well, and firmly believe a bright future is ahead for this property."
At the closing of the transaction, MGM Resorts' master lease with VICI Properties, Inc. (NYSE: VICI) that currently includes the Gold Strike property will be amended to reduce the annual rent by $40 million to account for the Company's sale of the operations of Gold Strike.

VICI Properties Inc. Enters Into Agreements Relating to Gold Strike Casino Resort in Tunica, MS

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Giovedì, Giugno 9, 2022

VICI Properties Inc. (NYSE: VICI) (VICI Properties or VICI or the Company) announced today that, in connection with MGM Resorts Internationals (MGM Resorts) (NYSE: MGM) agreement to sell the operations of Gold Strike Casino Resort (Gold Strike), located in Tunica, MS, to Cherokee Nation Entertainment Gaming Holdings, LLC, a subsidiary of Cherokee Nation Businesses (CNB), VICI has agreed to enter into a new separate lease with CNB related to the operations of Gold Strike (the Gold Strike Lease) and also enter into an amendment to the Master Lease between VICI Properties and MGM Resorts (the MGM Master Lease).

Key Points:

VICI Properties Inc. (NYSE: VICI) (VICI Properties or VICI or the Company) announced today that, in connection with MGM Resorts Internationals (MGM Resorts) (NYSE: MGM) agreement to sell the operations of Gold Strike Casino Resort (Gold Strike), located in Tunica, MS, to Cherokee Nation Entertainment Gaming Holdings, LLC, a subsidiary of Cherokee Nation Businesses (CNB), VICI has agreed to enter into a new separate lease with CNB related to the operations of Gold Strike (the Gold Strike Lease) and also enter into an amendment to the Master Lease between VICI Properties and MGM Resorts (the MGM Master Lease).
We are looking forward to working with VICI, which has established itself as a leader in providing financial solutions to Tribal Nations.
The Gold Strike Lease will be guaranteed by Cherokee Nation Businesses.
VICI Properties strategy is to create the nations highest quality and most productive experiential real estate portfolio.

BETMGM LAUNCHES MOBILE SPORTS BETTING IN LOUISIANA

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Venerdì, Gennaio 28, 2022

"We're thrilled that the BetMGM Sportsbook is one of the first mobile sports betting apps to launch in Louisiana, just in time for this weekend's NFL playoffs," said BetMGM CEO Adam Greenblatt.

Key Points:

"We're thrilled that the BetMGM Sportsbook is one of the first mobile sports betting apps to launch in Louisiana, just in time for this weekend's NFL playoffs," said BetMGM CEO Adam Greenblatt.
The BetMGM app offers a user-friendly sports betting experience, making it easy to customize pre-game, in-play, futures, and parlay wagers.
The BetMGM Louisiana app complements our BetMGM Book Bar & Grill, offering customers a great way to interact with our brand."
Utilizing Entain's US-licensed, state of the art technology, BetMGM offers sports betting and online gaming via market-leading brands including BetMGM, Borgata Casino, Party Casino and Party Poker.

Aristocrat Gaming™ and Gold Strike Casino Resort Launch Mid-South's First Gaming Floor 'Buffalo Zone™'

Retrieved on:

Venerdì, Maggio 28, 2021

MGM Resorts International, Gambling in the United States, Mandalay Resort Group, Gambling, Entertainment, Gold Strike Tunica, Gold Strike

as Aristocrat Gaming and MGM Resorts International's Gold Strike Casino Resort will launch Mississippi's first 'Buffalo Zone.'

Key Points:

as Aristocrat Gaming and MGM Resorts International's Gold Strike Casino Resort will launch Mississippi's first 'Buffalo Zone.'
Gold Strike's new gaming space is scheduled to open on May 28 for Memorial Day weekend.
"Gold Strike is this region's first casino to partner with Aristocrat Gaming to bring the 'Buffalo Zone' to Mississippi," said Gold Strike's Senior Vice President of Marketing and Operations Brandon Dardeau.
Aristocrat's Senior Vice President of Commercial Strategy and Data Analytics Jon Hanlin said, "We're thrilled to partner with Gold Strike Casino Resort to launch Mississippi's first 'Buffalo Zone.'

MGM Resorts First to Market with Mississippi Sports Wagering

Retrieved on:

Giovedì, Agosto 2, 2018

MGM Resorts International, Gambling in the United States, Economy of the United States, Gold Strike Casino Resort, Beau Rivage, Gold Strike, Biloxi, Mississippi, James Murren, Tunica, Mississippi, Mirage Resorts, MGM Growth Properties

"MGM Resorts is proud to once again assume the leadership position in the hospitality industry," said Jim Murren, chairman and chief executive officer of MGM Resorts International.

Key Points:

"MGM Resorts is proud to once again assume the leadership position in the hospitality industry," said Jim Murren, chairman and chief executive officer of MGM Resorts International.
Located on the Mississippi Gulf Coast in Biloxi, MGM Resorts International's Beau Rivage Resort & Casino was named one of 2017's Top 10 "South's Best Resorts" by Southern Living.
Gold Strike Casino Resort is MGM Resorts International's 1,200-room resort located 20 minutes south of Memphis in Tunica, Mississippi.
The 78,000 global employees of MGM Resorts are proud of their company for being recognized as one of FORTUNE Magazine's World's Most Admired Companies.