Pure (Canadian band)

VICI Properties Inc. Announces First Quarter 2023 Results

Retrieved on: 
Monday, May 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.

VICI Properties Inc. Acquires Four Canadian Gaming Properties in Sale Leaseback Transaction With Pure Canadian Gaming Corp.

Retrieved on: 
Monday, January 9, 2023

VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or “VICI”), an experiential real estate investment trust, announced today that it has acquired the real estate assets of PURE Casino Edmonton in Edmonton, Alberta, PURE Casino Yellowhead in Edmonton, Alberta, PURE Casino Calgary in Calgary, Alberta, and PURE Casino Lethbridge in Lethbridge, Alberta, from PURE Canadian Gaming Corp. (“PURE” and such real estate assets, the “PURE Portfolio”) for an aggregate purchase price of approximately C$271.9 million (US$200.8 million).

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or “VICI”), an experiential real estate investment trust, announced today that it has acquired the real estate assets of PURE Casino Edmonton in Edmonton, Alberta, PURE Casino Yellowhead in Edmonton, Alberta, PURE Casino Calgary in Calgary, Alberta, and PURE Casino Lethbridge in Lethbridge, Alberta, from PURE Canadian Gaming Corp. (“PURE” and such real estate assets, the “PURE Portfolio”) for an aggregate purchase price of approximately C$271.9 million (US$200.8 million).
  • VICI financed the transaction with a combination of cash on hand and from drawing down funds under its existing revolving credit facility in Canadian dollars.
  • Simultaneous with the acquisition, VICI entered into a triple-net master lease agreement with PURE (the “PURE Master Lease”) covering the PURE Portfolio.
  • PURE’s obligations under the PURE Master Lease are guaranteed by the parent entity of PURE.

George Goldhoff Named President and Mike Sampson Named General Manager of Hard Rock Hotel & Casino Atlantic City

Retrieved on: 
Wednesday, January 4, 2023

ATLANTIC CITY, N.J., Jan. 4, 2023 /PRNewswire/ -- George Goldhoff has been named President of Hard Rock Hotel & Casino Atlantic City effective Jan. 30, 2023, pending regulatory approval.

Key Points: 
  • ATLANTIC CITY, N.J., Jan. 4, 2023 /PRNewswire/ -- George Goldhoff has been named President of Hard Rock Hotel & Casino Atlantic City effective Jan. 30, 2023, pending regulatory approval.
  • Mike Sampson, who has been serving as interim general manager of Hard Rock Hotel & Casino Atlantic City, has been promoted to General Manager effective Jan. 30, 2023, pending regulatory approval.
  • Goldhoff comes to Atlantic City from Hard Rock Casino Cincinnati, where he was President for the past three years and worked to rebrand the casino as a Hard Rock.
  • With the legendary Atlantic City Boardwalk as its backdrop, Hard Rock Hotel & Casino Atlantic City has become Atlantic City's go-to entertainment destination.