Vici

VICI Properties Inc. Announces Public Offering of Common Stock

Retrieved on: 
Monday, June 24, 2019

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 90,000,000 shares of its common stock.

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 90,000,000 shares of its common stock.
  • BofA Merrill Lynch, Deutsche Bank Securities, Goldman Sachs & Co. LLC, and Morgan Stanley are acting as joint book-running managers for the offering.
  • 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 Transformative Partnership With Eldorado Resorts Related to the Proposed Combination With Caesars Entertainment

Retrieved on: 
Monday, June 24, 2019

VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company), an experiential real estate investment trust, today announced it has entered into a definitive agreement (the Master Transaction Agreement) with Eldorado Resorts, Inc. (NASDAQ: ERI) (Eldorado) in connection with Eldorados proposed business combination with Caesars Entertainment Corporation (NASDAQ: CZR) (Caesars).

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company), an experiential real estate investment trust, today announced it has entered into a definitive agreement (the Master Transaction Agreement) with Eldorado Resorts, Inc. (NASDAQ: ERI) (Eldorado) in connection with Eldorados proposed business combination with Caesars Entertainment Corporation (NASDAQ: CZR) (Caesars).
  • Eldorado will use the proceeds to partially finance its combination with Caesars, which will create one of the worlds leading and preeminent casino and entertainment companies.
  • The purchase price related to the put option from Eldorado would be an 8.0% capitalization rate (or 12.5x the initial annual rent).
  • We took a holistic, partnership approach with Eldorado to building the strongest combination of operating and real estate excellence in American gaming.

VICI Properties Inc. Declares Regular Quarterly Dividend

Retrieved on: 
Thursday, June 13, 2019

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 $0.2875 per share of common stock for the period from April 1, 2019 to June 30, 2019.

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 $0.2875 per share of common stock for the period from April 1, 2019 to June 30, 2019.
  • 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 national, geographically diverse portfolio consists of 23 gaming facilities comprising over 40 million square feet and features approximately 15,200 hotel rooms and more than 150 restaurants, bars and nightclubs.
  • VICI Properties strategy is to create the nations highest quality and most productive experiential real estate portfolio.

VICI Properties to Participate at Nareit’s REITWeek 2019

Retrieved on: 
Thursday, May 30, 2019

VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company) announced today that management will present at Nareits REITWeek 2019 Investor Conference at the New York Hilton Midtown on Tuesday, June 4, 2019 at 8:45 a.m. Eastern Time.

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company) announced today that management will present at Nareits REITWeek 2019 Investor Conference at the New York Hilton Midtown on Tuesday, June 4, 2019 at 8:45 a.m. Eastern Time.
  • 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. Completes Acquisition of Greektown Casino-Hotel and Lease to Penn National Gaming

Retrieved on: 
Thursday, May 23, 2019

Simultaneous with the closing of this transaction, Penn National entered into a triple-net lease agreement with the Company.

Key Points: 
  • Simultaneous with the closing of this transaction, Penn National entered into a triple-net lease agreement with the Company.
  • The Tenants obligations under the lease are guaranteed by Penn National.
  • John Payne, President and Chief Operating Officer of VICI Properties, said, The Greektown acquisition is our second transaction with Penn National, further solidifying our relationship with a best-in-class operator and demonstrating our commitment to deliver portfolio income of the highest character and quality.
  • Its properties are leased to industry leading gaming and hospitality operators, including Caesars Entertainment Corporation and Penn National Gaming.

VICI Properties Inc. Announces First Quarter 2019 Results

Retrieved on: 
Wednesday, May 1, 2019

The Company will host a conference call and audio webcast on Thursday, May 2, 2019 at 10:00 a.m. Eastern Time (ET).

Key Points: 
  • The Company will host a conference call and audio webcast on Thursday, May 2, 2019 at 10:00 a.m. Eastern Time (ET).
  • ET on May 2, 2019 until midnight ET on May 9, 2019 and can be accessed by dialing 800-585-8367 (domestic) or 416-621-4642 (international) and entering the passcode 7788728.
  • 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 Announces Release Date for First Quarter 2019 Results

Retrieved on: 
Monday, April 8, 2019

VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company) announced today that it will release its first quarter 2019 financial results on Wednesday, May 1, 2019 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 first quarter 2019 financial results on Wednesday, May 1, 2019 after the close of trading on the New York Stock Exchange.
  • The Company will host a conference call and audio webcast on Thursday, May 2, 2019 at 10:00 a.m. Eastern Time (ET).
  • 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. to Acquire Jack Cincinnati Casino and Lease to Hard Rock International

Retrieved on: 
Friday, April 5, 2019

VICI Properties Inc. (NYSE:VICI) (VICI Properties or the Company), an experiential real estate investment trust (REIT), today announced that it has, together with a subsidiary of Hard Rock International (Hard Rock) entered into definitive agreements to acquire the JACK Cincinnati Casino (JACK Cincinnati), located in downtown Cincinnati, Ohio, for an aggregate purchase price of approximately $745 million in cash.

Key Points: 
  • VICI Properties Inc. (NYSE:VICI) (VICI Properties or the Company), an experiential real estate investment trust (REIT), today announced that it has, together with a subsidiary of Hard Rock International (Hard Rock) entered into definitive agreements to acquire the JACK Cincinnati Casino (JACK Cincinnati), located in downtown Cincinnati, Ohio, for an aggregate purchase price of approximately $745 million in cash.
  • Pursuant to the agreements, VICI Properties will acquire 100% of the membership interests of a subsidiary of JACK Cincinnati that owns the land and real estate assets of JACK Cincinnati for $558 million, and Hard Rock will acquire the operating assets of JACK Cincinnati for $187 million.
  • Simultaneous with the closing of this transaction, the Company will enter into a triple-net lease agreement with Hard Rock related to JACK Cincinnati.
  • On behalf of the 40,000 Hard Rock team members worldwide, I am pleased to welcome the more than 1,000 JACK Cincinnati employees into the Hard Rock family.

VICI Properties Inc. Declares Regular Quarterly Dividend

Retrieved on: 
Thursday, March 14, 2019

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 $0.2875 per share of common stock for the period from January 1, 2019 to March 31, 2019.

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 $0.2875 per share of common stock for the period from January 1, 2019 to March 31, 2019.
  • 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 to Participate at Citi’s 2019 Global Property CEO Conference

Retrieved on: 
Thursday, February 28, 2019

VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company) announced today that Edward Pitoniak, Chief Executive Officer, will participate in a roundtable discussion at the Citi 2019 Global Property CEO Conference at the Diplomat Beach Resort in Hollywood, Florida on Monday, March 4, 2019 at 7:30 a.m. Eastern Time.

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company) announced today that Edward Pitoniak, Chief Executive Officer, will participate in a roundtable discussion at the Citi 2019 Global Property CEO Conference at the Diplomat Beach Resort in Hollywood, Florida on Monday, March 4, 2019 at 7:30 a.m. Eastern Time.
  • 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.