Vici Properties

VICI Properties Inc. to Acquire Rocky Gap Casino Resort and Lease to Century Casinos, Inc.

Retrieved on: 
Thursday, August 25, 2022
REIT, Casino, Gaming, Commercial Building & Real Estate, Entertainment, Construction & Property, Caesars Palace, Security (finance), COVID-19, Rocky, Partnership, Century Casinos, NYSE, Jack Entertainment, Golden Entertainment, NASDAQ, Rocky Gap State Park, Golf, MGM Resorts International, Golden, Risk, Vici Properties, Chelsea Piers, In re Caremark International Inc. Derivative Litigation, U.S. Securities and Exchange Commission, MGM Grand, Caesars Entertainment, Restaurant, Eastern Band of Cherokee Indians, Company, Industry, Cherokee, Amusement park, Casino, Las Vegas Strip, Century

VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company), an experiential real estate investment trust, today announced it has, together with Century Casinos, Inc. (NASDAQ: CNTY) (Century), entered into definitive agreements to acquire Rocky Gap Casino Resort (Rocky Gap), located in Flintstone, Maryland from Golden Entertainment, Inc. (NASDAQ: GDEN) (Golden Entertainment) for an aggregate purchase price of $260.0 million in cash.

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company), an experiential real estate investment trust, today announced it has, together with Century Casinos, Inc. (NASDAQ: CNTY) (Century), entered into definitive agreements to acquire Rocky Gap Casino Resort (Rocky Gap), located in Flintstone, Maryland from Golden Entertainment, Inc. (NASDAQ: GDEN) (Golden Entertainment) for an aggregate purchase price of $260.0 million in cash.
  • Simultaneous with the closing of the transaction, Rocky Gap will be added to the existing triple-net master lease agreement between VICI Properties and Century (the Century Master Lease) and annual rent will increase by $15.5 million.
  • Additionally, the term of the Century Master Lease will be extended such that, upon closing of the transaction, the lease will have a full 15-year initial base lease term, with four 5-year tenant renewal options.
  • VICI Properties strategy is to create the nations highest quality and most productive experiential real estate portfolio.

VICI Properties Inc. Expands Great Wolf Resorts Partnership with Investment in New Collier County, Florida Resort

Retrieved on: 
Thursday, July 14, 2022
Theme Parks, Entertainment, Vacation, Other Travel, Other Construction & Property, Lodging, Commercial Building & Real Estate, Travel, General Entertainment, Construction & Property, Other Entertainment, Tourist Attractions, REIT, MGM Grand, Restaurant, Security (finance), Chelsea Piers, Jack Entertainment, U.S. Securities and Exchange Commission, Family, Cherokee, Eastern Band of Cherokee Indians, Season, Weather, Company, Risk, Golf, MGM Resorts International, COVID-19, Great Wolf Lodge (Gurnee, Illinois), Caesars Palace, Water, Vici Properties, Hand, Great Wolf Resorts, In re Caremark International Inc. Derivative Litigation, NYSE, Industry, Caesars Entertainment, Hotel, Lagrange (disambiguation), Las Vegas Strip

VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company) announced today that the Company has agreed to provide a mezzanine loan investment for up to $59.0 million to Great Wolf Resorts, Inc. (Great Wolf) related to the development of Great Wolf Lodge South Florida, a more than $250 million family resort project in Collier County, FL.

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company) announced today that the Company has agreed to provide a mezzanine loan investment for up to $59.0 million to Great Wolf Resorts, Inc. (Great Wolf) related to the development of Great Wolf Lodge South Florida, a more than $250 million family resort project in Collier County, FL.
  • The investment is expected to be funded with cash on hand in accordance with a construction draw schedule.
  • This transaction represents VICI Properties second mezzanine loan investment with Great Wolf as part of the Companys strategic arrangement to provide up to $300 million of mezzanine financing to support the funding of the development of Great Wolfs domestic and international indoor water park resort pipeline.
  • Great Wolf Resorts, Inc. is North Americas largest family of indoor waterpark resorts, and through its subsidiaries and affiliates, owns, operates and develops family resorts under the Great Wolf Lodge brand.

VICI Properties Focus of Corporate Governance Case Study

Retrieved on: 
Wednesday, July 6, 2022
Commercial Building & Real Estate, Construction & Property, Casino, Gaming, Entertainment, REIT, Other Travel, Lodging, Other Construction & Property, Destinations, Travel, A Closer Look (Steve Harley & Cockney Rebel album), Jack Entertainment, Business, REIT, Chelsea Piers, American, Caesars Entertainment, Cherokee, Growth, Industry, De novo, Vici Properties, Trust, Restaurant, Golf, MGM Resorts International, Corporate governance, J. E. M. Ag Supply, Inc. v. Pioneer Hi-Bred International, Inc., Chair, NYSE, Eastern Band of Cherokee Indians, General counsel, Caesars Palace, Intention, Caesar, MGM Grand, Casino, Las Vegas Strip, IPO

VICI Properties Inc. (NYSE: VICI) (VICI, VICI Properties or the Company), an experiential real estate investment trust, is the focus of a case study recently published by the Corporate Governance Research Initiative at the Stanford University Graduate School of Business as part of the Stanford Closer Look Series.

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (VICI, VICI Properties or the Company), an experiential real estate investment trust, is the focus of a case study recently published by the Corporate Governance Research Initiative at the Stanford University Graduate School of Business as part of the Stanford Closer Look Series.
  • In particular, we will focus on the role governance can play in creating stakeholder trust
    VICI Board of Directors Chair, James Abrahamson, said of the case study, We believe this case study is a fair and full depiction of the governance values and principles that we put into practice when we founded VICI in 2017 and have further enhanced with a continued focus on the role governance plays in the success of our company.
  • VICIs commitment to governance quality is reflected in our currently standing fourth in Green Streets REIT governance quality rankings of all evaluated American REITs.
  • Establishing trust in VICIs governance early on has been integral to developing investor trust in VICI.

VICI Properties Announces Release Date for Second Quarter 2022 Results

Retrieved on: 
Tuesday, July 5, 2022
Entertainment, Commercial Building & Real Estate, Lodging, Construction & Property, Travel, REIT, Casino, Gaming, Jack Entertainment, Chelsea Piers, Cherokee, Caesars Entertainment, Company, Industry, Vici Properties, Restaurant, Golf, New, MGM Resorts International, ID, SRI International, Inc. v. Internet Security Systems, Inc., NYSE, Eastern Band of Cherokee Indians, Caesars Palace, Webcast, MGM Grand, Las Vegas Strip

VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company) announced today that it will release its second quarter 2022 financial results on Wednesday, July 27, 2022 after the close of trading on the New York Stock Exchange.

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company) announced today that it will release its second quarter 2022 financial results on Wednesday, July 27, 2022 after the close of trading on the New York Stock Exchange.
  • The Company will host a conference call and audio webcast on Thursday, July 28, 2022 at 10:00 a.m. Eastern Time (ET).
  • ET on July 28, 2022 until midnight ET on August 4, 2022 and can be accessed by dialing 929-458-6194 (domestic) or +44 204-525-0658 (international) and entering the passcode 709429.
  • VICI Properties strategy is to create the nations highest quality and most productive experiential real estate portfolio.

VICI Properties Inc. CEO Edward Pitoniak Appears on CNBC’s “Mad Money with Jim Cramer”

Retrieved on: 
Monday, June 27, 2022
Commercial Building & Real Estate, Construction & Property, REIT, Jack Entertainment, Chelsea Piers, Cherokee, Caesars Entertainment, COVID-19, Growth, Company, Industry, U.S. Securities and Exchange Commission, Vici Properties, Restaurant, Golf, MGM Resorts International, In re Caremark International Inc. Derivative Litigation, NYSE, Eastern Band of Cherokee Indians, Caesars Palace, Risk, Security (finance), MGM Grand, Casino, Las Vegas Strip

VICI Properties Inc. (NYSE: VICI) (VICI, VICI Properties or the Company), an experiential real estate investment trust, today announced that its CEO, Edward Pitoniak, appeared as a featured guest on CNBCs Mad Money with Jim Cramer on Friday, June 24, 2022.

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (VICI, VICI Properties or the Company), an experiential real estate investment trust, today announced that its CEO, Edward Pitoniak, appeared as a featured guest on CNBCs Mad Money with Jim Cramer on Friday, June 24, 2022.
  • Mr. Pitoniak discussed the merits of VICI as a capital source for tenants as well as the Companys plans for continued growth in gaming and non-gaming experiential real estate.
  • VICI Properties national, geographically diverse portfolio consists of 43 gaming facilities comprising over 122 million square feet and features approximately 58,700 hotel rooms and more than 450 restaurants, bars, nightclubs and sportsbooks.
  • VICI Properties strategy is to create the nations highest quality and most productive experiential real estate portfolio.

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

Retrieved on: 
Thursday, June 9, 2022
REIT, Casino, Gaming, Commercial Building & Real Estate, Entertainment, Construction & Property, Gold Strike Tunica, Cherokee Nation, Company, Chelsea Piers, LLC, Cherokee Nation Businesses, MGM, LinkedIn, CPI, Jack Entertainment, Caesars Palace, Partnership, Security (finance), Vici Properties, Caesars Entertainment, U.S. Securities and Exchange Commission, MGM Resorts International, Tenant, Risk, Technology, CNB, NYSE, COVID-19, Restaurant, MGM Grand, Twitter, Industry, In re Caremark International Inc. Derivative Litigation, Engineering, Eastern Band of Cherokee Indians, Golf, Indigenous peoples of South America, Gold Strike, Lease, Las Vegas Strip, Facebook

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.

VICI Properties Inc. CEO Edward Pitoniak Appears on CNBC’s “Power Lunch”

Retrieved on: 
Thursday, June 9, 2022
Entertainment, Commercial Building & Real Estate, Lodging, Construction & Property, Travel, REIT, Casino, Gaming, Company, Chelsea Piers, Jack Entertainment, Caesars Palace, Partnership, Security (finance), Caesars Entertainment, Vici Properties, U.S. Securities and Exchange Commission, Cherokee, REIT, MGM Resorts International, NYSE, COVID-19, Restaurant, Risk, MGM Grand, Industry, In re Caremark International Inc. Derivative Litigation, Eastern Band of Cherokee Indians, Golf, Cabot, Casino, Las Vegas Strip

VICI Properties Inc. (NYSE: VICI) (VICI, VICI Properties or the Company), an experiential real estate investment trust, today announced that its CEO, Edward Pitoniak, appeared as a featured guest on CNBCs Power Lunch on Tuesday, June 7, 2022.

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (VICI, VICI Properties or the Company), an experiential real estate investment trust, today announced that its CEO, Edward Pitoniak, appeared as a featured guest on CNBCs Power Lunch on Tuesday, June 7, 2022.
  • Additionally, Mr. Pitoniak described the strategic merits of VICI's recently announced new partnership with Cabot, a developer, owner and operator of world-class destination golf resorts and communities.
  • VICI Properties national, geographically diverse portfolio consists of 43 gaming facilities comprising over 122 million square feet and features approximately 58,700 hotel rooms and more than 450 restaurants, bars, nightclubs and sportsbooks.
  • VICI Properties strategy is to create the nations highest quality and most productive experiential real estate portfolio.

VICI Properties Inc. Declares Regular Quarterly Dividend

Retrieved on: 
Thursday, June 9, 2022
Entertainment, Commercial Building & Real Estate, Lodging, Construction & Property, Travel, REIT, Casino, Gaming, Company, Board of directors, Chelsea Piers, Jack Entertainment, Caesars Palace, Security (finance), Caesars Entertainment, Vici Properties, U.S. Securities and Exchange Commission, Cherokee, MGM Resorts International, NYSE, COVID-19, Restaurant, Risk, MGM Grand, Industry, Board, In re Caremark International Inc. Derivative Litigation, Eastern Band of Cherokee Indians, Golf, Casino, Las Vegas Strip

VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.36 per share of common stock for the period from April 1, 2022 to June 30, 2022.

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.36 per share of common stock for the period from April 1, 2022 to June 30, 2022.
  • The dividend will be payable on July 7, 2022 to stockholders of record as of the close of business on June 23, 2022.
  • VICI Properties national, geographically diverse portfolio consists of 43 gaming facilities comprising over 122 million square feet and features approximately 58,700 hotel rooms and more than 450 restaurants, bars, nightclubs and sportsbooks.
  • VICI Properties strategy is to create the nations highest quality and most productive experiential real estate portfolio.

VICI Properties Inc. Announces First Transaction With Cabot and Entry Into ‘Destination Golf Experience’ Sector

Retrieved on: 
Monday, June 6, 2022
Sports, Lodging, Commercial Building & Real Estate, Destinations, Construction & Property, Vacation, REIT, Travel, Golf, Entertainment, Other Entertainment, Farm, Purchasing, General counsel, Company, Trust, Food, Chelsea Piers, Nature Coast, Ownership, Jack Entertainment, Caesars Palace, Partnership, Security (finance), Caesars Entertainment, Vici Properties, U.S. Securities and Exchange Commission, Term Asset-Backed Securities Loan Facility, Cherokee, Pinnacle, Growth, MGM Resorts International, Health, NYSE, COVID-19, Restaurant, MGM Grand, Risk, Industry, Collection, J. E. M. Ag Supply, Inc. v. Pioneer Hi-Bred International, Inc., Eastern Band of Cherokee Indians, Golf, Anne Pitoniak, Cabot, Hotel, Las Vegas Strip

This Cabot Citrus Farms transaction marks the first transaction in the broader Cabot-VICI investment partnership.

Key Points: 
  • This Cabot Citrus Farms transaction marks the first transaction in the broader Cabot-VICI investment partnership.
  • Cabot Citrus Farms is an incomparable opportunity to bring to Florida our approach to golf place- and experience-making.
  • Our golf course and resort village design teams are building on all weve learned at Cabot Cape Breton, Cabot Saint Lucia and Cabot Revelstoke.
  • Were thrilled to partner with VICI at Cabot Citrus Farms and, over time, at other great destinations around the world.

VICI Properties Inc. Announces Addition of Two Senior Team Members

Retrieved on: 
Tuesday, May 31, 2022
Entertainment, Lodging, Construction & Property, REIT, Travel, Casino, Gaming, Senior, UBS, Risk, Knowledge, Hyco International Inc, Banc of America Securities (1998–2008), Chelsea Piers, Capital market, Middlebury College, MGP, Economics, MGM Resorts International, Lead, Bachelor of Arts, Jack Entertainment, Investment, Goal, Golf, Bank, UBS AG, History of medicine, Caesars Entertainment, Eastern Band of Cherokee Indians, Bank of America, Restaurant, Equity capital markets, Industry, Vici Properties, Caesars Palace, Cherokee, Goldman Sachs, Yale University, Acquisition, NYSE, MGM Grand, Management, Financial services, Las Vegas Strip

VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company), an experiential real estate investment trust, today announced the appointment of Kellan Florio, Senior Vice President, Chief Investment Officer and Moira McCloskey, Vice President, Capital Markets.

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company), an experiential real estate investment trust, today announced the appointment of Kellan Florio, Senior Vice President, Chief Investment Officer and Moira McCloskey, Vice President, Capital Markets.
  • Kellans extensive experience and long-standing relationships in experiential real estate sectors makes him a strong addition to our team, said Mr. Payne.
  • Moiras invaluable knowledge and experience across the capital markets makes her a significant addition to our team, said Mr. Kieske.
  • VICI Properties strategy is to create the nations highest quality and most productive experiential real estate portfolio.