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VICI Properties Inc. Declares Regular Quarterly Dividend

Retrieved on:

Thursday, March 11, 2021

Commercial Building & Real Estate, Construction & Property, Lodging, Travel, Vici, Companies, Real estate investment trust, Dividend, Caesars Palace, Caesars Entertainment Corporation, Hotels, Gambling, Rock Ventures

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 $0.33 per share of common stock for the period from January 1, 2021 to March 31, 2021.

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 $0.33 per share of common stock for the period from January 1, 2021 to March 31, 2021.
The dividend will be payable on April 8, 2021 to stockholders of record as of the close of business on March 25, 2021.
VICI Properties Inc. is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace.
VICI Properties strategy is to create the nations highest quality and most productive experiential real estate portfolio.

VICI Properties Inc. CEO Edward Pitoniak Featured on CNBC.com

Retrieved on:

Tuesday, March 9, 2021

Construction & Property, Lodging, REIT, Travel, Vici, Companies, Caesars Palace, Nevada, Hotels, Caesars Entertainment Corporation, Rock Ventures

VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company), an experiential asset real estate investment trust, today announced that its CEO, Edward Pitoniak, participated in a feature interview on CNBC.com to discuss the Companys deal to acquire the real estate of the Venetian Resort Las Vegas and the Sands Expo and Convention Center in Las Vegas, Nevada.

Key Points:

VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company), an experiential asset real estate investment trust, today announced that its CEO, Edward Pitoniak, participated in a feature interview on CNBC.com to discuss the Companys deal to acquire the real estate of the Venetian Resort Las Vegas and the Sands Expo and Convention Center in Las Vegas, Nevada.
VICI Properties Inc. is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace.
VICI Properties national, geographically diverse portfolio consists of 28 gaming facilities comprising over 47 million square feet and features approximately 17,800 hotel rooms and more than 200 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 Pricing of Public Offering of Common Stock

Retrieved on:

Thursday, March 4, 2021

REIT, Casino, Gaming, Commercial Building & Real Estate, Entertainment, Construction & Property, Finance, Companies, Banks, Primary dealers, Subprime mortgage crisis, Vici, Corporate finance, Goldman Sachs, Morgan Stanley, Security, Wells Fargo, Bookrunner

VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company), an experiential asset real estate investment trust, today announced the pricing of an underwritten public offering of 60,000,000 shares of its common stock at a public offering price of $29.00 per share, all of which will be offered on a forward basis through the forward purchasers or their respective affiliates in connection with the forward sale agreements described below.

Key Points:

VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company), an experiential asset real estate investment trust, today announced the pricing of an underwritten public offering of 60,000,000 shares of its common stock at a public offering price of $29.00 per share, all of which will be offered on a forward basis through the forward purchasers or their respective affiliates in connection with the forward sale agreements described below.
Morgan Stanley, BofA Securities, Citigroup and Deutsche Bank Securities are acting as joint book-running managers for the offering, and as representatives of the underwriters in the offering.
Goldman Sachs, J.P. Morgan, Barclays, Wells Fargo Securities, Union Gaming are acting as bookrunners in the offering.
VICI Properties strategy is to create the nations highest quality and most productive experiential real estate portfolio.

VICI Properties Inc. Announces Public Offering of Common Stock

Retrieved on:

Wednesday, March 3, 2021

Professional services, Entertainment, Finance, Construction & Property, REIT, Casino, Gaming, Vici, Companies

VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company), an experiential asset real estate investment trust, today announced it has commenced an underwritten public offering of 60,000,000 shares of its common stock, all of which will be offered on a forward basis through the forward purchasers or their respective affiliates in connection with the forward sale agreements described below.

Key Points:

VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company), an experiential asset real estate investment trust, today announced it has commenced an underwritten public offering of 60,000,000 shares of its common stock, all of which will be offered on a forward basis through the forward purchasers or their respective affiliates in connection with the forward sale agreements described below.
The underwriters of the offering also expect to be granted a 30-day option to purchase up to 9,000,000 additional shares of the Companys common stock.
In connection with the forward sale agreements, the forward purchasers or their respective affiliates are expected to borrow and sell to the underwriters all of the shares of common stock that will be delivered in the offering.
VICI Properties strategy is to create the nations highest quality and most productive experiential real estate portfolio.

VICI Properties Inc. to Acquire the Venetian Resort’s Real Estate in Las Vegas

Retrieved on:

Wednesday, March 3, 2021

REIT, Lodging, Commercial Building & Real Estate, Construction & Property, Travel, Companies, Vici Properties, Vici, Las Vegas Sands, Caesars Palace, LVS, Entertainment, Gambling

VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company) announced today it has entered into definitive agreements to acquire from Las Vegas Sands Corp. (NYSE: LVS) (LVS) all of the land and real estate assets associated with the Venetian Resort Las Vegas and the Sands Expo and Convention Center, located in Las Vegas, Nevada (collectively, the Venetian Resort), for $4.0 billion in cash, representing a 6.25% cap rate.

Key Points:

VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company) announced today it has entered into definitive agreements to acquire from Las Vegas Sands Corp. (NYSE: LVS) (LVS) all of the land and real estate assets associated with the Venetian Resort Las Vegas and the Sands Expo and Convention Center, located in Las Vegas, Nevada (collectively, the Venetian Resort), for $4.0 billion in cash, representing a 6.25% cap rate.
Morgan Stanley & Co LLC acted as lead strategic and financial advisor to VICI Properties and Deutsche Bank Securities acted as a financial advisor to VICI Properties on the transaction.
VICI Properties Inc. is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace.
VICI Properties strategy is to create the nations highest quality and most productive experiential real estate portfolio.

VICI Properties Announces Release Date for Fourth Quarter and Full Year 2020 Results

Retrieved on:

Monday, January 11, 2021

Commercial Building & Real Estate, Construction & Property, REIT, Vici, Companies, Caesars Entertainment Corporation, Caesars Palace, Rock Ventures, Gambling, Nevada

VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company) announced today that it will release its fourth quarter and full year 2020 financial results on Thursday, February 18, 2021 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 fourth quarter and full year 2020 financial results on Thursday, February 18, 2021 after the close of trading on the New York Stock Exchange.
The Company will host a conference call and audio webcast on Friday, February 19, 2021 at 10:00 a.m. Eastern Time (ET).
VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace.
VICI Properties strategy is to create the nations highest quality and most productive experiential real estate portfolio.

VICI Properties Inc. Enters Definitive Agreement with Eastern Band of Cherokee Indians related to Caesars Southern Indiana

Retrieved on:

Thursday, December 24, 2020

Entertainment, Consumer, Commercial Building & Real Estate, Construction & Property, REIT, Casino, Gaming, Companies, Gambling, Entertainment, Caesars Entertainment Corporation, Caesars Entertainment, Vici Properties, Jack Entertainment, Caesars Southern Indiana, Park Place Entertainment, Vici, Penn National Gaming, Century Casinos

VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company) announced today that, in connection with the Eastern Band of Cherokee Indians (EBCI) agreement to acquire the operations of Caesars Southern Indiana from Caesars Entertainment, Inc. (NYSE: CZR) (Caesars), the Company has agreed to enter into a triple-net lease agreement with EBCI with respect to the real property associated with Caesars Southern Indiana.

Key Points:

VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company) announced today that, in connection with the Eastern Band of Cherokee Indians (EBCI) agreement to acquire the operations of Caesars Southern Indiana from Caesars Entertainment, Inc. (NYSE: CZR) (Caesars), the Company has agreed to enter into a triple-net lease agreement with EBCI with respect to the real property associated with Caesars Southern Indiana.
Annual base rent payments under the Companys Regional Master Lease with Caesars will be reduced by $32.5 million upon completion of EBCIs acquisition of the operations of Caesars Southern Indiana and the execution of the lease between EBCI and VICI.
Its properties are leased to industry leading gaming and hospitality operators, including Caesars, Century Casinos, Hard Rock International, JACK Entertainment and Penn National Gaming.
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 Fox Business Network’s “The Claman Countdown”

Retrieved on:

Wednesday, December 16, 2020

VICI Properties Inc. (NYSE: VICI) (VICI Properties) announced today that its CEO, Edward Pitoniak, appeared as a featured guest on Fox Business Networks The Claman Countdown on Tuesday, December 15, 2020.

Key Points:

VICI Properties Inc. (NYSE: VICI) (VICI Properties) announced today that its CEO, Edward Pitoniak, appeared as a featured guest on Fox Business Networks The Claman Countdown on Tuesday, December 15, 2020.
VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace.
VICI Properties also owns four championship golf courses and 34 acres of undeveloped land adjacent to the Las Vegas Strip.
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, December 10, 2020

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 $0.33 per share of common stock for the period from October 1, 2020 to December 31, 2020.

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 $0.33 per share of common stock for the period from October 1, 2020 to December 31, 2020.
VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace.
VICI Properties also owns four championship golf courses and 34 acres of undeveloped land adjacent to the Las Vegas Strip.
VICI Properties strategy is to create the nations highest quality and most productive experiential real estate portfolio.

VICI Properties Receives Top Ranking in Corporate Governance Survey

Retrieved on:

Thursday, December 10, 2020

Entertainment, Commercial Building & Real Estate, Construction & Property, Destinations, Travel, Casino, Gaming, Articles, Corporate law, Business, Committees, Vici Properties, Corporate governance, Board of directors, Vici, Governance

VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company), an experiential real estate investment trust, today announced that its Board of Directors received the top ranking for a U.S. company in a study by Casino Journal / AETHOS Consulting Group with 44 out of a possible 46 points.

Key Points:

VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company), an experiential real estate investment trust, today announced that its Board of Directors received the top ranking for a U.S. company in a study by Casino Journal / AETHOS Consulting Group with 44 out of a possible 46 points.
We continue to be proud of the recognition that our Board of Directors has received regarding our outstanding corporate governance, and are very honored to be recognized as the top-ranked U.S. company in the Casino Journal/AETHOS Consulting Group gaming governance study, said James Abrahamson, Chair of the Board of Directors of VICI Properties.
We believe our strong commitment to corporate governance significantly benefits shareholders as we strive to create long-term, sustainable shareholder value.
The results of the survey, as measured in scoring points per category, were as follows: