Vici Properties

Century Casinos Announces The Riverview Opening in Cape Girardeau, MO and Updates on Construction Project in Caruthersville, MO

Retrieved on:

Friday, April 5, 2024

Century Casino Cape Girardeau, Hand, VICI, Vici Properties

COLORADO SPRINGS, Colo., April 5, 2024 /PRNewswire/ -- Century Casinos, Inc. (the "Company") (Nasdaq Capital Market®: CNTY) announced today that it opened its hotel in Cape Girardeau, Missouri, The Riverview.

Key Points:

COLORADO SPRINGS, Colo., April 5, 2024 /PRNewswire/ -- Century Casinos, Inc. (the "Company") (Nasdaq Capital Market®: CNTY) announced today that it opened its hotel in Cape Girardeau, Missouri, The Riverview.
The Riverview is a 69 room, six-story building with 68,000 square feet that is adjacent to and connected with Century Casino Cape Girardeau.
The project cost $30.5 million and was financed with cash on hand.
The project continues to be on time and on budget with an estimated project cost of $51.9 million.

Century Casinos Announces The Riverview Opening in Cape Girardeau, MO and Updates on Construction Project in Caruthersville, MO

Retrieved on:

Friday, April 5, 2024

Century Casino Cape Girardeau, The Company, Hand, VICI, Vici Properties

The Riverview is a 69 room, six-story building with 68,000 square feet that is adjacent to and connected with Century Casino Cape Girardeau.

Key Points:

The Riverview is a 69 room, six-story building with 68,000 square feet that is adjacent to and connected with Century Casino Cape Girardeau.
The project cost $30.5 million and was financed with cash on hand.
The Company is also constructing a new land-based casino with a 38 room hotel in Caruthersville, Missouri.
The project continues to be on time and on budget with an estimated project cost of $51.9 million.

VICI Properties Announces Closing of $1.05 Billion Senior Unsecured Notes Offering

Retrieved on:

Monday, March 18, 2024

VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or the “Company”) announced today that its subsidiary, VICI Properties L.P. (the “Issuer”), has completed its public offering of $1.05 billion in aggregate principal amount of senior unsecured notes (the “Notes”) consisting of:

Key Points:

VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or the “Company”) announced today that its subsidiary, VICI Properties L.P. (the “Issuer”), has completed its public offering of $1.05 billion in aggregate principal amount of senior unsecured notes (the “Notes”) consisting of:
$550 million aggregate principal amount of 5.750% senior unsecured notes due 2034 (the “2034 Notes”).
$500 million aggregate principal amount of 6.125% senior unsecured notes due 2054 (the “2054 Notes”).
The Issuer intends to use the net proceeds from the offering to repay its outstanding (i) $1,024.2 million in aggregate principal amount of 5.625% senior exchange notes due 2024 and (ii) $25.8 million in aggregate principal amount of 5.625% senior notes due 2024.
Capital One Securities, Mizuho and SMBC Nikko acted as senior co-managers for the offering, and Keybanc Capital Markets and Raymond James acted as co-managers for the offering.

VICI Properties Announces Pricing of Public Offering of $1.05 Billion of Senior Unsecured Notes

Retrieved on:

Thursday, March 7, 2024

VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or the “Company”) announced today that its subsidiary, VICI Properties L.P. (the “Issuer”), has priced a public offering of $1.05 billion in aggregate principal amount of senior unsecured notes (the “Notes”) consisting of:

Key Points:

VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or the “Company”) announced today that its subsidiary, VICI Properties L.P. (the “Issuer”), has priced a public offering of $1.05 billion in aggregate principal amount of senior unsecured notes (the “Notes”) consisting of:
$550 million aggregate principal amount of 5.750% senior unsecured notes due 2034 (the “2034 Notes”).
The 2034 Notes will be issued at 99.186% of par value and will mature on April 1, 2034.
$500 million aggregate principal amount of 6.125% senior unsecured notes due 2054 (the “2054 Notes”).
The 2054 Notes will be issued at 98.192% of par value and will mature on April 1, 2054.

VICI Properties Inc. Announces Fourth Quarter and Full Year 2023 Results

Retrieved on:

Thursday, February 22, 2024

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

Key Points:

VICI Properties Inc. (NYSE: VICI) (“VICI Properties”, "VICI" or the “Company”), an experiential real estate investment trust, today reported results for the quarter and year ended December 31, 2023.
Total revenues were $931.9 million for the quarter, an increase of 21.0% compared to $769.9 million for the quarter ended December 31, 2022.
AFFO per share was $0.55 for the quarter compared to $0.51 per share for the quarter ended December 31, 2022.
The Company also drew down $250.0 million on January 6, 2023, and subsequently repaid that amount on January 13, 2023.

VICI Properties Inc. Announces Partnership With Homefield Kansas City in Youth Sports Recreation Campus and Margaritaville Resort

Retrieved on:

Tuesday, January 23, 2024

VICI Properties Inc. (NYSE: VICI) (“VICI Properties”, “VICI” or the “Company”), an experiential real estate investment trust, announced today that the Company has entered into a construction loan agreement for up to $105 million in financing to affiliates of Homefield Kansas City (“Homefield”) to fund the development of a Margaritaville Resort in Kansas City, Kansas.

Key Points:

VICI Properties Inc. (NYSE: VICI) (“VICI Properties”, “VICI” or the “Company”), an experiential real estate investment trust, announced today that the Company has entered into a construction loan agreement for up to $105 million in financing to affiliates of Homefield Kansas City (“Homefield”) to fund the development of a Margaritaville Resort in Kansas City, Kansas.
Simultaneous with entering into the loan agreement, VICI entered into a call right agreement that provides VICI with a call option on (i) the Margaritaville Resort, (ii) the new Homefield youth sports training facility, (iii) the new Homefield baseball center, and (iv) the existing Homefield youth sports complex in Olathe, Kansas.
If the call right is exercised, all of the properties, including the Margaritaville Resort, will be subject to a single long-term triple net master lease with VICI.
John Payne, President & COO of VICI Properties, said, “We are excited to initiate this partnership with the Homefield team as we continue to have high conviction around youth sports.

VICI Properties Inc. Provides Construction Financing to Kalahari for Indoor Waterpark Resort Development in Virginia

Retrieved on:

Thursday, December 7, 2023

REIT, Theme Parks, Commercial Building & Real Estate, Entertainment, Construction & Property, NYSE, F&B, Trust, Vici Properties, Partnership, Growth, VICI, Commercial property, Kalahari Desert

VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or the “Company”), an experiential real estate investment trust, announced today that the Company has agreed to provide an up to $212 million mezzanine loan investment to Kalahari Resorts and Conventions (“Kalahari”) to fund the development of a Kalahari indoor waterpark resort in Thornburg, Virginia (“Kalahari Virginia”).

Key Points:

VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or the “Company”), an experiential real estate investment trust, announced today that the Company has agreed to provide an up to $212 million mezzanine loan investment to Kalahari Resorts and Conventions (“Kalahari”) to fund the development of a Kalahari indoor waterpark resort in Thornburg, Virginia (“Kalahari Virginia”).
The 907-key, $900 million indoor waterpark resort officially broke ground in October 2023 and is expected to start welcoming guests by the end of 2026.
Kalahari Virginia is expected to be 1.4 million square feet inclusive of an indoor waterpark, outdoor waterpark, convention and meeting space, and 10 F&B outlets.
Kellan Florio, Chief Investment Officer of VICI Properties, said, “We are excited to initiate this partnership with the Kalahari team.

Bowlero Announces First Quarter Results for Fiscal Year 2024

Retrieved on:

Tuesday, November 7, 2023

General Entertainment, Entertainment, Sports, Bowling, Adjustment, Sale, Event, NYSE, Lucky Strike, Vici Properties, Partnership, Webcast, VICI, Total, Video game, Bowlero Corporation

Bowlero Corp. (NYSE: BOWL) (“Bowlero” or the “Company”), the world’s largest owner and operator of bowling centers, today provided financial results for the first quarter of the 2024 Fiscal Year, which ended on October 1, 2023.

Key Points:

Bowlero Corp. (NYSE: BOWL) (“Bowlero” or the “Company”), the world’s largest owner and operator of bowling centers, today provided financial results for the first quarter of the 2024 Fiscal Year, which ended on October 1, 2023.
Because our first quarter is typically our seasonally lowest quarter, we used this time to test a variety of promotions and new bundled pricing structures.
The Company reiterated financial guidance for fiscal year 2024 provided on September 11, 2023.
The Company expects second quarter fiscal year 2024 to have Revenue Excluding Service Fee Revenue of $295 million to $310 million and Adjusted EBITDA of $100 million to $110 million.

VICI Properties Inc. Announces Third Quarter 2023 Results

Retrieved on:

Wednesday, October 25, 2023

VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or the “Company”), an experiential real estate investment trust, today reported results for the quarter ended September 30, 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 September 30, 2023.
Total revenues for the quarter included $131.3 million of non-cash leasing and financing adjustments and $18.2 million of other income.
AFFO attributable to common stockholders was $547.6 million for the quarter, an increase of 16.4% compared to $470.7 million for the quarter ended September 30, 2022.
AFFO per share was $0.54 for the quarter, an increase of 10.7% compared to $0.49 for the quarter ended September 30, 2022.

VICI Properties Inc. Completes Acquisition of 38 Bowling Entertainment Centers in Sale-Leaseback Transaction With Bowlero Corp.

Retrieved on:

Thursday, October 19, 2023

VICI Properties Inc. (NYSE: VICI) (“VICI Properties,” “VICI” or the “Company”), an experiential real estate investment trust, today announced that it has acquired the real estate assets of 38 bowling entertainment centers (the “Bowlero Portfolio”) from Bowlero Corp. (NYSE: BOWL) (“Bowlero”) in a sale-leaseback transaction for an aggregate purchase price of $432.9 million.

Key Points:

VICI Properties Inc. (NYSE: VICI) (“VICI Properties,” “VICI” or the “Company”), an experiential real estate investment trust, today announced that it has acquired the real estate assets of 38 bowling entertainment centers (the “Bowlero Portfolio”) from Bowlero Corp. (NYSE: BOWL) (“Bowlero”) in a sale-leaseback transaction for an aggregate purchase price of $432.9 million.
Bowlero is a global leader in bowling entertainment, media, and events and is the largest operator of bowling centers in North America.
Simultaneous with the closing of the transaction, VICI Properties entered into a triple-net master lease agreement with Bowlero (the “Lease”).
Diversifies tenant base and geographic reach: The acquisition of the Bowlero Portfolio expands VICI’s portfolio with 38 bowling entertainment centers across 17 states, representing 11 new states for VICI – seven of which do not currently have commercial casino gaming operations.