Articles from VICI Properties Inc.
VICI Properties Inc. Announces Tax Treatment of 2024 Distributions
VICI Properties Inc. (NYSEVICI) (“VICI Properties” or the “Company”), an experiential real estate investment trust, today announced the tax treatment of its 2024 distributions on its common stock (CUSIP #925652109). Stockholders are encouraged to consult with their tax advisors as to their specific tax treatment of VICI Properties’ distributions. The following table summarizes the Company’s distributions on its common stock for the tax year ended December 31, 2024:
By VICI Properties Inc. · Via Business Wire · January 24, 2025
VICI Properties Inc. Announces Release Date for Fourth Quarter and Full Year 2024 Results
VICI Properties Inc. (NYSEVICI) (“VICI Properties” or the “Company”) announced today that it will release its fourth quarter and full year 2024 financial results on Thursday, February 20, 2025 after the close of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Friday, February 21, 2025 at 10:00 a.m. Eastern Time (ET).
By VICI Properties Inc. · Via Business Wire · January 2, 2025
VICI Properties Announces Closing of $750 Million Senior Unsecured Notes Offering
VICI Properties Inc. (NYSEVICI) (“VICI Properties” or the “Company”) announced today that its subsidiary, VICI Properties L.P. (the “Issuer”), has completed its public offering of $750 million in aggregate principal amount of 5.125% senior unsecured notes due 2031 (the “Notes”). The Notes were issued at 99.643% of par value and will mature on November 15, 2031.
By VICI Properties Inc. · Via Business Wire · December 19, 2024
VICI Properties Inc. Enters Into Agreement With Indigenous Gaming Partners Related to PURE Canadian Gaming
VICI Properties Inc. (NYSEVICI) (“VICI Properties”, “VICI” or the “Company”) announced today that it has entered into an amendment and consented to the assignment of the master lease agreement with PURE Canadian Gaming Corp. (“PURE”) to an affiliate of Indigenous Gaming Partners Inc. (“IGP”), in connection with the acquisition of the operating assets of PURE by an affiliate of IGP.
By VICI Properties Inc. · Via Business Wire · December 10, 2024
VICI Properties Announces Pricing of Public Offering of $750 Million of Senior Unsecured Notes
VICI Properties Inc. (NYSEVICI) (“VICI Properties” or the “Company”) announced today that its subsidiary, VICI Properties L.P. (the “Issuer”), has priced a public offering of $750 million in aggregate principal amount of 5.125% senior unsecured notes due 2031 (the “Notes”). The Notes will be issued at 99.643% of par value and will mature on November 15, 2031.
By VICI Properties Inc. · Via Business Wire · December 9, 2024
VICI Properties Inc. Declares Regular Quarterly Dividend
VICI Properties Inc. (NYSEVICI) (“VICI Properties”) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.4325 per share of common stock for the period from October 1, 2024 to December 31, 2024. The dividend will be payable on January 9, 2025 to stockholders of record as of the close of business on December 17, 2024.
By VICI Properties Inc. · Via Business Wire · December 5, 2024
VICI Properties Inc. Announces Credit Rating Upgrade by Moody’s to Baa3 With Stable Outlook
VICI Properties Inc. (NYSEVICI) (“VICI”, “VICI Properties” or the “Company”) announced today that Moody’s Investors Service, Inc. (“Moody’s”) upgraded its issuer credit rating for VICI Properties L.P. to ‘Baa3’ from ‘Ba1’, with a stable outlook.
By VICI Properties Inc. · Via Business Wire · November 18, 2024
VICI Properties Inc. Announces Third Quarter 2024 Results
VICI Properties Inc. (NYSEVICI) (“VICI Properties”, "VICI" or the “Company”), an experiential real estate investment trust, today reported results for the quarter ended September 30, 2024. All per share amounts included herein are on a per diluted common share basis unless otherwise stated.
By VICI Properties Inc. · Via Business Wire · October 31, 2024
VICI Properties Inc. Announces Release Date for Third Quarter 2024 Results
VICI Properties Inc. (NYSEVICI) (“VICI Properties” or the “Company”) announced today that it will release its third quarter 2024 financial results on Thursday, October 31, 2024 after the close of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Friday, November 1, 2024 at 10:00 a.m. Eastern Time (ET).
By VICI Properties Inc. · Via Business Wire · September 30, 2024
VICI Properties Inc. Releases 2023-2024 ESG Report
VICI Properties Inc. (NYSEVICI) (“VICI Properties”, “VICI” or the “Company”) an experiential real estate investment trust, today released its 2023-2024 Environmental Sustainability, Social Responsibility and Corporate Governance Report (“2023-2024 ESG Report”) highlighting VICI’s progress with respect to its environmental, social and governance initiatives over the past twelve months. VICI’s 2023-2024 ESG Report aligns with the Sustainability Accounting Standards Board (SASB) Real Estate Standard and the Task Force on Climate-related Financial Disclosures (TCFD) reporting framework and includes additional disclosure on VICI’s alignment with the UN Sustainable Development Goals (UN SDGs).
By VICI Properties Inc. · Via Business Wire · September 9, 2024
VICI Properties Inc. Increases Regular Quarterly Dividend
VICI Properties Inc. (NYSEVICI) (“VICI Properties”) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.4325 per share of common stock for the period from July 1, 2024 to September 30, 2024, representing an annualized amount of $1.73 per share and a 4.2% increase from the current dividend rate. The dividend will be payable on October 3, 2024 to stockholders of record as of the close of business on September 18, 2024.
By VICI Properties Inc. · Via Business Wire · September 5, 2024
VICI Properties Inc. Announces Second Quarter 2024 Results
VICI Properties Inc. (NYSEVICI) (“VICI Properties”, "VICI" or the “Company”), an experiential real estate investment trust, today reported results for the quarter ended June 30, 2024. All per share amounts included herein are on a per diluted common share basis unless otherwise stated.
By VICI Properties Inc. · Via Business Wire · July 31, 2024
VICI Properties Inc. Announces Release Date for Second Quarter 2024 Results
VICI Properties Inc. (NYSEVICI) (“VICI Properties” or the “Company”) announced today that it will release its second quarter 2024 financial results on Wednesday, July 31, 2024 after the close of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Thursday, August 1, 2024 at 10:00 a.m. Eastern Time (ET).
By VICI Properties Inc. · Via Business Wire · June 28, 2024
VICI Properties Inc. Declares Regular Quarterly Dividend
VICI Properties Inc. (NYSEVICI) (“VICI Properties”) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.415 per share of common stock for the period from April 1, 2024 to June 30, 2024. The dividend will be payable on July 3, 2024 to stockholders of record as of the close of business on June 18, 2024.
By VICI Properties Inc. · Via Business Wire · June 7, 2024
VICI Properties Inc. Announces $250 Million Mezzanine Loan Origination for Great Wolf Resorts, Inc.
VICI Properties Inc. (NYSEVICI) (the “Company”, “VICI” or “VICI Properties”) announced today that it has originated a $250 million mezzanine loan (the “Mezzanine Loan”) as part of a $1.55 billion financing that also includes a single borrower group CMBS securitization (the “Great Wolf Loan”) for Great Wolf Resorts, Inc. (“Great Wolf”) through its VICI Experiential Credit Solutions strategy. The Great Wolf Loan will be collateralized by a portfolio of nine Great Wolf Lodge resorts with over 4,000 keys, approximately 695,000 square feet of indoor and outdoor waterpark space, 59 F&B outlets and nearly 80,000 square feet of meeting space.
By VICI Properties Inc. · Via Business Wire · May 9, 2024
VICI Properties Inc. Announces First Quarter 2024 Results
VICI Properties Inc. (NYSEVICI) (“VICI Properties”, “VICI” or the “Company”), an experiential real estate investment trust, today reported results for the quarter ended March 31, 2024. All per share amounts included herein are on a per diluted common share basis unless otherwise stated.
By VICI Properties Inc. · Via Business Wire · May 1, 2024
VICI Properties Inc. Announces Agreement to Provide Capital for The Venetian Resort Las Vegas Through Its Partner Property Growth Fund
VICI Properties Inc. (NYSEVICI) (the “Company”, “VICI” or “VICI Properties”) announced today that it will provide capital to The Venetian Resort Las Vegas (“The Venetian Resort”) for extensive reinvestment projects through VICI’s Partner Property Growth Fund strategy (the “Venetian Capital Investment”). The Venetian Capital Investment will fund several projects, including hotel room product renovations, gaming floor optimization, and entertainment and convention center enhancements, among others, seeking to improve the overall guest experience and enhance the value of the property.
By VICI Properties Inc. · Via Business Wire · May 1, 2024
VICI Properties Inc. Announces Release Date for First Quarter 2024 Results
VICI Properties Inc. (NYSEVICI) (“VICI Properties” or the “Company”) announced today that it will release its first quarter 2024 financial results on Wednesday, May 1, 2024 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, 2024 at 10:00 a.m. Eastern Time (ET).
By VICI Properties Inc. · Via Business Wire · April 4, 2024
VICI Properties Announces Closing of $1.05 Billion Senior Unsecured Notes Offering
VICI Properties Inc. (NYSEVICI) (“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:
By VICI Properties Inc. · Via Business Wire · March 18, 2024
VICI Properties Announces Pricing of Public Offering of $1.05 Billion of Senior Unsecured Notes
VICI Properties Inc. (NYSEVICI) (“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:
By VICI Properties Inc. · Via Business Wire · March 7, 2024
VICI Properties Inc. Declares Regular Quarterly Dividend
VICI Properties Inc. (NYSEVICI) (“VICI Properties”) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.415 per share of common stock for the period from January 1, 2024 to March 31, 2024. The dividend will be payable on April 4, 2024 to stockholders of record as of the close of business on March 21, 2024.
By VICI Properties Inc. · Via Business Wire · March 7, 2024
VICI Properties Inc. Announces Fourth Quarter and Full Year 2023 Results
VICI Properties Inc. (NYSEVICI) (“VICI Properties”, "VICI" or the “Company”), an experiential real estate investment trust, today reported results for the quarter and year ended December 31, 2023. All per share amounts included herein are on a per diluted share basis unless otherwise stated.
By VICI Properties Inc. · Via Business Wire · February 22, 2024
VICI Properties Inc. Announces Partnership With Homefield Kansas City in Youth Sports Recreation Campus and Margaritaville Resort
VICI Properties Inc. (NYSEVICI) (“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. The construction loan has an initial term of 3 years with three 12-month extension options, subject to certain conditions.
By VICI Properties Inc. · Via Business Wire · January 23, 2024
VICI Properties Inc. Announces Tax Treatment of 2023 Distributions
VICI Properties Inc. (NYSEVICI) (“VICI Properties” or the “Company”), an experiential real estate investment trust, today announced the tax treatment of its 2023 distributions on its common stock (CUSIP #925652109). Stockholders are encouraged to consult with their tax advisors as to their specific tax treatment of VICI Properties’ distributions. The following table summarizes the Company’s distributions on its common stock for the tax year ended December 31, 2023:
By VICI Properties Inc. · Via Business Wire · January 22, 2024
VICI Properties Inc. Announces Release Date for Fourth Quarter and Full Year 2023 Results
VICI Properties Inc. (NYSEVICI) (“VICI Properties” or the “Company”) announced today that it will release its fourth quarter and full year 2023 financial results on Thursday, February 22, 2024 after the close of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Friday, February 23, 2024 at 10:00 a.m. Eastern Time (ET).
By VICI Properties Inc. · Via Business Wire · January 4, 2024
VICI Properties Inc. CEO Edward Pitoniak Appears on Benzinga’s Real Estate Webinar
VICI Properties Inc. (NYSEVICI) (“VICI Properties”), an experiential real estate investment trust, today announced that its CEO, Edward Pitoniak, appeared as a featured guest on Benzinga’s webinar titled “Real Estate Reimagined: Capitalizing on Unique Opportunities in a Changing Market” on Thursday, December 21, 2023. Mr. Pitoniak discussed the experiential real estate landscape as well as 2024 outlook. Click here to view the appearance.
By VICI Properties Inc. · Via Business Wire · December 21, 2023
VICI Properties Inc. Announces Expanded Investments With Existing Partners Chelsea Piers and Cabot
VICI Properties Inc. (NYSEVICI) (“VICI Properties”, “VICI” or the “Company”) an experiential real estate investment trust, today announced the expansion of two experiential relationships with the acquisition of the leasehold interest of Chelsea Piers in New York City (“Chelsea Piers”), as well as an agreement with Cabot for a delayed draw loan facility in Saint Lucia and an agreement in principle to provide a delayed draw loan facility in Scotland, for potential total gross committed capital of nearly $550 million at a blended investment yield of approximately 8%, with $480 million of this capital incremental to the original ~$70 million loan to Chelsea Piers. The transaction with Chelsea Piers represents VICI’s first conversion of an initial loan investment into real estate ownership, and the agreement with Cabot will expand and internationalize the companies’ investment partnership in pilgrimage golf beyond the existing financing agreement for the development of Cabot Citrus Farms in Florida. Further details are below:
By VICI Properties Inc. · Via Business Wire · December 19, 2023
VICI Properties Inc. Provides Construction Financing to Kalahari for Indoor Waterpark Resort Development in Virginia
VICI Properties Inc. (NYSEVICI) (“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. The mezzanine loan has an initial term of 4 years with two 12-month extension options subject to certain conditions. VICI’s investment is expected to be made into the project in the second half of 2025.
By VICI Properties Inc. · Via Business Wire · December 7, 2023
VICI Properties Inc. Declares Regular Quarterly Dividend
VICI Properties Inc. (NYSEVICI) (“VICI Properties”) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.415 per share of common stock for the period from October 1, 2023 to December 31, 2023. The dividend will be payable on January 4, 2024 to stockholders of record as of the close of business on December 21, 2023.
By VICI Properties Inc. · Via Business Wire · December 7, 2023
VICI Properties Inc. Announces Third Quarter 2023 Results
VICI Properties Inc. (NYSEVICI) (“VICI Properties” or the “Company”), an experiential real estate investment trust, today reported results for the quarter ended September 30, 2023. All per share amounts included herein are on a per diluted common share basis unless otherwise stated.
By VICI Properties Inc. · Via Business Wire · October 25, 2023
VICI Properties Inc. Completes Acquisition of 38 Bowling Entertainment Centers in Sale-Leaseback Transaction With Bowlero Corp.
VICI Properties Inc. (NYSEVICI) (“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: BOWLNYSEBOWL)
By VICI Properties Inc. · Via Business Wire · October 19, 2023
VICI Properties Inc. Announces Release Date for Third Quarter 2023 Results
VICI Properties Inc. (NYSEVICI) (“VICI Properties” or the “Company”) announced today that it will release its third quarter 2023 financial results on Wednesday, October 25, 2023 after the close of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Thursday, October 26, 2023 at 10:00 a.m. Eastern Time (ET).
By VICI Properties Inc. · Via Business Wire · September 27, 2023
VICI Properties Inc. Announces Support of Las Vegas Super Bowl Host Committee Charities
VICI Properties Inc. (NYSEVICI) (“VICI Properties”, “VICI” or the “Company”), an experiential real estate investment trust, today announced its support of the Las Vegas Super Bowl Host Committee Charities, a 501(c)(3) organization (“Las Vegas Host Committee Charities”), in connection with Super Bowl LVIII to be hosted at Allegiant Stadium in Las Vegas, Nevada in February 2024. Leading up to and beyond Super Bowl LVIII, the mission of Las Vegas Host Committee Charities is to improve the quality of life of Nevada residents through community affairs programs, initiatives and legacy projects.
By VICI Properties Inc. · Via Business Wire · September 11, 2023
VICI Properties Inc. Increases Regular Quarterly Dividend
VICI Properties Inc. (NYSEVICI) (“VICI Properties”) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.415 per share of common stock for the period from July 1, 2023 to September 30, 2023, representing an annualized amount of $1.66 per share and a 6.4% increase from the current dividend rate. The dividend will be payable on October 5, 2023 to stockholders of record as of the close of business on September 21, 2023.
By VICI Properties Inc. · Via Business Wire · September 7, 2023
VICI Properties Inc. Releases 2022-2023 Environmental Sustainability, Social Responsibility and Corporate Governance Report
VICI Properties Inc. (NYSEVICI) (“VICI Properties”, “VICI” or the “Company”) an experiential real estate investment trust, today released its 2022-2023 Environmental Sustainability, Social Responsibility and Corporate Governance Report (“2022-2023 ESG Report”) highlighting VICI’s ESG progress over the past twelve months. VICI’s 2022-2023 ESG Report aligns with the Sustainability Accounting Standards Board (SASB) and the Task Force on Climate-related Financial Disclosures (TCFD) reporting frameworks.
By VICI Properties Inc. · Via Business Wire · September 7, 2023
VICI Properties Inc. Completes Acquisition of Four Properties in Alberta, Canada in Sale-Leaseback Transaction With Century Casinos, Inc.
VICI Properties Inc. (NYSEVICI) (“VICI Properties” or the “Company”) an experiential real estate investment trust, today announced it has completed the previously announced transaction to acquire the real estate assets of Century Casino & Hotel Edmonton, Century Casino St. Albert and Century Mile Racetrack and Casino, each in Edmonton, Alberta and Century Downs Racetrack and Casino in Calgary, Alberta, (collectively the “Century Canadian Portfolio”) from Century Casinos, Inc. NASDAQ: CNTYNASDAQCNTY)
By VICI Properties Inc. · Via Business Wire · September 6, 2023
VICI Properties Inc. Provides $140 Million Canyon Ranch Mortgage Financing
VICI Properties Inc. (NYSEVICI) (“VICI Properties”, “VICI” or the “Company”) an experiential real estate investment trust, today announced that the Company provided the previously announced mortgage financing secured primarily by Canyon Ranch Tucson and Canyon Ranch Lenox in an amount of $140,135,000. The proceeds from the mortgage financing were used to refinance Canyon Ranch’s existing CMBS secured by these two assets. The mortgage financing has an initial term of two years with three one-year extensions, exercisable at Canyon Ranch’s option, subject to satisfying certain customary extension conditions.
By VICI Properties Inc. · Via Business Wire · August 22, 2023
VICI Properties Inc. CEO Edward Pitoniak Appears on FOX Business’s “The Claman Countdown”
VICI Properties Inc. (NYSEVICI) (“VICI Properties” or “VICI”), an experiential real estate investment trust, today announced that its CEO, Edward Pitoniak, appeared as a featured guest on FOX Business’s “The Claman Countdown” on Wednesday, August 2, 2023. Mr. Pitoniak discussed VICI’s Q2 2023 earnings results and outlook for 2023, as well as its recently announced VICI-Canyon Ranch Growth Partnership. A replay of the segment is available for viewing on FOX Business’s website here.
By VICI Properties Inc. · Via Business Wire · August 3, 2023
VICI Properties Inc. CEO Edward Pitoniak to Appear on CNBC’s “Last Call”
VICI Properties Inc. (NYSEVICI) (“VICI Properties” or “VICI”), an experiential real estate investment trust, today announced that its CEO, Edward Pitoniak, will appear as a featured guest on CNBC’s “Last Call” on Wednesday, July 26, 2023. Mr. Pitoniak will be joined by Canyon Ranch principal owner and chairman John Goff to discuss the recently announced VICI-Canyon Ranch Growth Partnership, a multi-faceted investment partnership to support the expansion of Canyon Ranch, a leading provider of holistic, integrative health and wellness guest experiences.
By VICI Properties Inc. · Via Business Wire · July 26, 2023
VICI Properties Inc. Announces Second Quarter 2023 Results
VICI Properties Inc. (NYSEVICI) (“VICI Properties” or the “Company”), an experiential real estate investment trust, today reported results for the quarter ended June 30, 2023. All per share amounts included herein are on a per diluted common share basis unless otherwise stated.
By VICI Properties Inc. · Via Business Wire · July 26, 2023
VICI Properties Inc. Announces Canyon Ranch Growth Partnership
VICI Properties Inc. (NYSEVICI) (“VICI Properties”, “VICI” or the “Company”) an experiential real estate investment trust, today announced the VICI-Canyon Ranch Growth Partnership, a multi-faceted investment partnership to support the growth of Canyon Ranch, a leading provider of holistic, integrative health and wellness guest experiences. The key elements of the partnership include:
By VICI Properties Inc. · Via Business Wire · July 26, 2023
VICI Properties Inc. Completes Acquisition of Rocky Gap Casino Resort
VICI Properties Inc. (NYSEVICI) (“VICI Properties” or the “Company”) an experiential real estate investment trust, today announced it has completed the previously announced transaction to acquire an interest in the land and buildings associated with Rocky Gap Casino Resort (“Rocky Gap”), located in Flintstone, Maryland from Golden Entertainment, Inc. NASDAQ: GDENNASDAQGDEN)
By VICI Properties Inc. · Via Business Wire · July 25, 2023
VICI Properties Announces Release Date for Second Quarter 2023 Results
VICI Properties Inc. (NYSEVICI) (“VICI Properties” or the “Company”) announced today that it will release its second quarter 2023 financial results on Wednesday, July 26, 2023 after the close of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Thursday, July 27, 2023 at 10:00 a.m. Eastern Time (ET).
By VICI Properties Inc. · Via Business Wire · June 29, 2023
VICI Properties Inc. Declares Regular Quarterly Dividend
VICI Properties Inc. (NYSEVICI) (“VICI Properties” or the “Company”) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.39 per share of common stock for the period from April 1, 2023 to June 30, 2023. The dividend will be payable on July 6, 2023 to stockholders of record as of the close of business on June 22, 2023.
By VICI Properties Inc. · Via Business Wire · June 8, 2023
VICI Properties Inc. to Acquire Four Properties in Alberta Canada in Sale-Leaseback Transaction With Century Casinos, Inc.
VICI Properties Inc. (NYSEVICI) (“VICI Properties” or the “Company”), an experiential real estate investment trust, today announced that it has entered into definitive agreements to acquire the real estate assets of Century Casino & Hotel Edmonton, Century Casino St. Albert and Century Mile Racetrack and Casino, each in Edmonton, Alberta and Century Downs Racetrack and Casino in Calgary, Alberta, (collectively the “Century Canadian Portfolio”) from Century Casinos, Inc. NASDAQ: CNTYNASDAQCNTY)
By VICI Properties Inc. · Via Business Wire · May 17, 2023
VICI Properties Inc. Announces First Quarter 2023 Results
VICI Properties Inc. (NYSEVICI) (“VICI Properties” or the “Company”), an experiential real estate investment trust, today reported results for the quarter ended March 31, 2023. All per share amounts included herein are on a per diluted common share basis unless otherwise stated.
By VICI Properties Inc. · Via Business Wire · May 1, 2023
VICI Properties Announces Release Date for First Quarter 2023 Results
VICI Properties Inc. (NYSEVICI) (“VICI Properties” or the “Company”) announced today that it will release its first quarter 2023 financial results on Monday, May 1, 2023 after the close of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Tuesday, May 2, 2023 at 9:00 a.m. Eastern Time (ET).
By VICI Properties Inc. · Via Business Wire · March 31, 2023
VICI Properties Inc. Declares Regular Quarterly Dividend
VICI Properties Inc. (NYSEVICI) (“VICI Properties” or the “Company”) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.39 per share of common stock for the period from January 1, 2023 to March 31, 2023. The dividend will be payable on April 6, 2023 to stockholders of record as of the close of business on March 23, 2023.
By VICI Properties Inc. · Via Business Wire · March 9, 2023
VICI Properties Inc. CEO Edward Pitoniak Appears on CNBC’s “Mad Money with Jim Cramer”
VICI Properties Inc. (NYSEVICI) (“VICI Properties” or the “Company”), an experiential real estate investment trust, today announced that its CEO, Edward Pitoniak, appeared as a featured guest on CNBC’s “Mad Money with Jim Cramer” on Friday, February 24, 2023. Mr. Pitoniak discussed VICI Properties’ FY 2022 earnings results and outlook for 2023. Click here to view the appearance.
By VICI Properties Inc. · Via Business Wire · February 27, 2023
VICI Properties Inc. Announces Fourth Quarter and Full Year 2022 Results
VICI Properties Inc. (NYSEVICI) (“VICI Properties” or the “Company”), an experiential real estate investment trust, today reported results for the quarter and year ended December 31, 2022. All per share amounts included herein are on a per diluted share basis unless otherwise stated.
By VICI Properties Inc. · Via Business Wire · February 23, 2023
VICI Properties Inc. Enters Into Lease Agreement With Cherokee Nation Businesses Related to the Gold Strike Casino Resort in Tunica, MS
VICI Properties Inc. (NYSEVICI) (“VICI Properties” or the “Company”) announced today that, in connection with the acquisition of the operations of Gold Strike Casino Resort (“Gold Strike”) by CNE Gaming Holdings, L.L.C., an indirect subsidiary of Cherokee Nation Businesses, L.L.C. (“CNB”), VICI has entered into a triple-net lease agreement with CNB with respect to the real property associated with Gold Strike.
By VICI Properties Inc. · Via Business Wire · February 15, 2023
VICI Properties Inc. Provides Construction Financing to Great Wolf Lodge in the Northeast
VICI Properties Inc. (NYSEVICI) (“VICI Properties” or the “Company”), an experiential real estate investment trust, announced today that the Company has agreed to provide a construction loan for up to $287.9 million to Great Wolf Resorts, Inc. (“Great Wolf”) related to the development of Great Wolf Lodge in Mashantucket, Connecticut, a family resort project adjacent to the Foxwoods Resort Casino. The 549-room indoor water park resort was officially announced today during a groundbreaking event and is expected to start welcoming guests by mid-2025.
By VICI Properties Inc. · Via Business Wire · February 1, 2023
VICI Properties Inc. Announces Tax Treatment of 2022 Distributions and 2022 Distributions of MGM Growth Properties LLC
VICI Properties Inc. (NYSEVICI) (“VICI”), an experiential real estate investment trust, today announced the tax treatment of the 2022 distributions on VICI’s common stock (CUSIP #925652109), as well as the tax treatment of the 2022 distributions of MGM Growth Properties LLC (formerly NYSE: MGP)(“MGP”) on MGP’s common stock (CUSIP #55303A105).
By VICI Properties Inc. · Via Business Wire · January 30, 2023
VICI Properties Inc. Announces Closing of Upsized Public Offering of Common Stock and Full Exercise of Underwriters’ Option to Purchase Additional Shares
VICI Properties Inc. (NYSEVICI) (“VICI Properties” or the “Company”), an experiential real estate investment trust, announced today the closing of an upsized underwritten public offering of 30,302,500 shares of its common stock (including 3,952,500 shares sold pursuant to the exercise in full of the underwriters’ option to purchase additional common stock), all of which were offered on a forward basis through the forward purchasers or their respective affiliates in connection with the forward sale agreements described below at a public offering price of $33.00 per share.
By VICI Properties Inc. · Via Business Wire · January 18, 2023
VICI Properties Inc. Announces Pricing of Upsized Public Offering of Common Stock
VICI Properties Inc. (NYSEVICI) (“VICI Properties” or the “Company”), an experiential real estate investment trust, announced today the pricing of an upsized underwritten public offering of 26,350,000 shares of its common stock at a public offering price of $33.00 per share, all of which will be offered on a forward basis through the forward purchasers (as defined below) or their respective affiliates in connection with the forward sale agreements described below. The underwriters were also granted a 30-day option to purchase up to an additional 3,952,500 shares of the Company’s common stock from the forward purchasers solely to cover over-allotments, if any. The offering is expected to close on January 18, 2023, subject to customary closing conditions.
By VICI Properties Inc. · Via Business Wire · January 12, 2023
VICI Properties Inc. Announces Public Offering of Common Stock
VICI Properties Inc. (NYSEVICI) (“VICI Properties” or the “Company”), an experiential real estate investment trust, announced today that it has commenced an underwritten public offering of 24,000,000 shares of its common stock, all of which will be offered on a forward basis through the forward purchasers (as defined below) 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 an additional 3,600,000 shares of the Company’s common stock from the forward purchasers solely to cover over-allotments, if any.
By VICI Properties Inc. · Via Business Wire · January 12, 2023
VICI Properties Inc. Completes Acquisition of Remaining 49.9% Interest in MGM Grand Las Vegas and Mandalay Bay Joint Venture
VICI Properties Inc. (NYSEVICI) (“VICI Properties” or the “Company”), an experiential real estate investment trust, announced today that the Company has closed on the previously announced acquisition of the remaining 49.9% interest in the joint venture that owns MGM Grand Las Vegas and Mandalay Bay Resort from Blackstone Real Estate Income Trust, Inc. (“BREIT”) for cash consideration of approximately $1.27 billion and VICI’s assumption of BREIT’s pro-rata share of existing property-level debt. The cash consideration was funded through a combination of cash on hand and proceeds from the settlement of forward equity sale agreements. The property-level debt has a principal balance of $3.0 billion, matures in 2032, and bears interest at a fixed rate of 3.558% per annum through March 2030.
By VICI Properties Inc. · Via Business Wire · January 9, 2023
VICI Properties Inc. Acquires Four Canadian Gaming Properties in Sale Leaseback Transaction With Pure Canadian Gaming Corp.
VICI Properties Inc. (NYSEVICI) (“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.
By VICI Properties Inc. · Via Business Wire · January 9, 2023
VICI Properties Announces Release Date for Fourth Quarter and Full Year 2022 Results
VICI Properties Inc. (NYSEVICI) (“VICI Properties” or the “Company”) announced today that it will release its fourth quarter and full year 2022 financial results on Thursday, February 23, 2023 after the close of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Friday, February 24, 2023 at 9:00 a.m. Eastern Time (ET).
By VICI Properties Inc. · Via Business Wire · January 5, 2023
VICI Properties Inc. to Provide Mezzanine Financing for Fontainebleau Las Vegas
VICI Properties Inc. (NYSEVICI) (“VICI Properties” or “VICI”), an experiential real estate investment trust, announced today that VICI has agreed to provide up to $350 million in mezzanine loan financing to a partnership between Fontainebleau Development, LLC (“Fontainebleau Development”), a builder, owner, and operator of luxury hospitality, commercial and retail properties, and Koch Real Estate Investments, the real estate investment arm of Koch Industries, to complete the construction of Fontainebleau Las Vegas, a 67-story hotel, gaming, meeting, and entertainment destination coming to the north end of the Las Vegas Strip.
By VICI Properties Inc. · Via Business Wire · December 27, 2022
VICI Properties Inc. and Foundation Gaming Announce Sale Leaseback Transaction
VICI Properties Inc. (NYSEVICI) (“VICI Properties” or “VICI”), an experiential real estate investment trust, and Foundation Gaming & Entertainment, LLC (“Foundation Gaming”) announced jointly today that VICI has acquired the real estate assets of the Fitz Casino & Hotel (“Fitz”), located in Tunica, Mississippi, and the WaterView Casino & Hotel (“WaterView”), located in Vicksburg, Mississippi, from Foundation Gaming for an aggregate purchase price of $293.4 million. VICI financed the transaction with cash on hand.
By VICI Properties Inc. · Via Business Wire · December 22, 2022
VICI Properties Inc. Enters Into Lease Agreement with Hard Rock International related to the Mirage Hotel & Casino in Las Vegas
VICI Properties Inc. (NYSEVICI) (“VICI Properties” or the “Company”) announced today that, in connection with Hard Rock International’s (“Hard Rock”) acquisition of the operations of the Mirage Hotel & Casino (the “Mirage”), the Company has entered into a triple-net lease agreement with Hard Rock with respect to the real property associated with the Mirage.
By VICI Properties Inc. · Via Business Wire · December 19, 2022
VICI Properties Inc. Declares Regular Quarterly Dividend
VICI Properties Inc. (NYSEVICI) (“VICI Properties” or the “Company”) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.39 per share of common stock for the period from October 1, 2022 to December 31, 2022. The dividend will be payable on January 5, 2023 to stockholders of record as of the close of business on December 22, 2022.
By VICI Properties Inc. · Via Business Wire · December 8, 2022
VICI Properties Inc. Announces Agreement to Provide Capital Through Its Partner Property Growth Fund for Century Casinos’ Expansion
VICI Properties Inc. (NYSEVICI) (the “Company” or “VICI” or “VICI Properties”) announced today that it will utilize its Partner Property Growth Fund to provide capital for an exciting expansion project for Century Casinos, Inc. NASDAQ: CNTYNASDAQCNTY)
By VICI Properties Inc. · Via Business Wire · December 5, 2022
VICI Properties Inc. CEO Edward Pitoniak Appears on CNBC’s “Power Lunch”
VICI Properties Inc. (NYSEVICI) (“VICI Properties” or the “Company”), an experiential real estate investment trust, today announced that its CEO, Edward Pitoniak, appeared as a featured guest on CNBC’s “Power Lunch” on Thursday, December 1, 2022. Mr. Pitoniak discussed VICI Properties’ recently announced acquisition of the remaining 49.9% interest in the MGM Grand Las Vegas and Mandalay Bay joint venture. Click here to view the appearance.
By VICI Properties Inc. · Via Business Wire · December 2, 2022
VICI Properties Inc. to Acquire Remaining 49.9% Interest in MGM Grand Las Vegas and Mandalay Bay Joint Venture From Blackstone Real Estate Income Trust, Inc.
Blackstone Real Estate Income Trust, Inc. (“BREIT”) and VICI Properties Inc. (NYSEVICI) (“VICI Properties” or “VICI”) announced jointly today that they have entered into a definitive agreement in which VICI, currently owner of a 50.1% interest in the joint venture that owns MGM Grand Las Vegas and Mandalay Bay Resort, will acquire BREIT’s 49.9% interest in the joint venture for cash consideration of approximately $1.27 billion and VICI’s assumption of BREIT’s pro-rata share of the existing property-level debt. The property-level debt has a principal balance of $3.0 billion, matures in 2032, and bears interest at a fixed rate of 3.558% per annum through March 2030.
By VICI Properties Inc. · Via Business Wire · December 1, 2022
VICI Properties Inc. Announces Pricing of Public Offering of Common Stock
VICI Properties Inc. (NYSEVICI) (“VICI Properties” or the “Company”), an experiential asset real estate investment trust, today announced the pricing of an underwritten public offering of 16,500,000 shares of its common stock subject to the forward sale agreements described below, which will result in approximately $509.9 million of gross proceeds (assuming such forward sale agreements are physically settled) before any offering expenses.
By VICI Properties Inc. · Via Business Wire · November 3, 2022
VICI Properties Inc. Announces Public Offering of Common Stock
VICI Properties Inc. (NYSEVICI) (“VICI Properties” or the “Company”), an experiential asset real estate investment trust, today announced it has commenced an underwritten public offering of 16,500,000 shares of its common stock, all of which are expected to 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 2,475,000 additional shares of the Company’s common stock.
By VICI Properties Inc. · Via Business Wire · November 3, 2022
VICI Properties Inc. Announces Third Quarter 2022 Results
VICI Properties Inc. (NYSEVICI) (“VICI Properties” or the “Company”), an experiential real estate investment trust, today reported results for the quarter ended September 30, 2022. All per share amounts included herein are on a per diluted common share basis unless otherwise stated.
By VICI Properties Inc. · Via Business Wire · October 27, 2022
VICI Properties Inc. CEO Edward Pitoniak Appears on CNBC’s “Mad Money With Jim Cramer”
VICI Properties Inc. (NYSEVICI) (“VICI Properties” or the “Company”), an experiential real estate investment trust, today announced that its CEO, Edward Pitoniak, appeared as a featured guest on CNBC’s “Mad Money with Jim Cramer” on Tuesday, October 18, 2022. Mr. Pitoniak, joined by Canyon Ranch principal owner and chairman John Goff, discussed VICI’s newly announced partnership with Canyon Ranch and entry into the place-based wellness sector with its investment to fund the development of Canyon Ranch Austin. Click here to view the appearance.
By VICI Properties Inc. · Via Business Wire · October 20, 2022
VICI Properties Inc. Announces Partnership With Canyon Ranch With Investment in Canyon Ranch Austin in Austin, Texas
VICI Properties Inc. (NYSEVICI) (“VICI,” “VICI Properties” or the “Company”), an experiential real estate investment trust, announced today that it has entered into a delayed draw term loan facility for up to $200 million (the “Loan Facility”) to fund the development of Canyon Ranch’s newest wellness-resort offering, Canyon Ranch Austin in Austin, Texas. Canyon Ranch is a pioneer in the place-based wellness space with the mission to inspire a well way of life through integrative wellness guidance from world-class experts across a broad range of disciplines. The transaction enhances VICI’s embedded growth pipeline with a call right to acquire the real estate of Canyon Ranch Austin upon stabilization and a purchase option for the real estate of Canyon Ranch Tucson in Tucson, Arizona and Canyon Ranch Lenox in Lenox, Massachusetts should Canyon Ranch elect to sell the real estate of either property. If the call right or purchase options are exercised, Canyon Ranch would continue to operate the wellness resorts subject to a long-term triple net lease with VICI. Canyon Ranch Austin is expected to begin welcoming guests as the fourth all-inclusive wellness resort in the Canyon Ranch portfolio in 2025.
By VICI Properties Inc. · Via Business Wire · October 18, 2022
VICI Properties Announces Release Date for Third Quarter 2022 Results
VICI Properties Inc. (NYSEVICI) (“VICI Properties” or the “Company”) announced today that it will release its third quarter 2022 financial results on Thursday, October 27, 2022 after the close of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Friday, October 28, 2022 at 9:00 a.m. Eastern Time (ET).
By VICI Properties Inc. · Via Business Wire · October 3, 2022
VICI Properties Inc. Expands Partnership With Cabot Through a Management Contract for VICI’s 4 Golf Courses
VICI Properties Inc. (NYSEVICI) (“VICI Properties” or the “Company”) announced today that the Company has entered into a management agreement with CDN Golf Management Inc. (“CDN”), an affiliate of Cabot, a developer, owner and operator of world-class destination golf resorts and communities, pursuant to which CDN will manage and operate VICI Properties’ four golf courses – Cascata, Rio Secco, Grand Bear and Chariot Run (collectively, the “Golf Courses”).
By VICI Properties Inc. · Via Business Wire · October 3, 2022
VICI Properties Inc. Invests in Great Wolf Lodge Gulf Coast Texas
VICI Properties Inc. (NYSEVICI) (“VICI Properties” or the “Company”) announced today that the Company has agreed to provide a mezzanine loan for up to $127.0 million to Great Wolf Resorts, Inc. (“Great Wolf”) related to the development of Great Wolf Lodge Gulf Coast Texas, a more than $200 million family resort project in Webster, TX. The 532-room indoor water park resort was officially announced today during a groundbreaking event and is expected to start welcoming guests in mid-to-late 2024. The mezzanine loan has an initial term of 3 years with two 12-month extension options subject to certain conditions. The investment is expected to be funded with cash on hand in accordance with a construction draw schedule.
By VICI Properties Inc. · Via Business Wire · September 22, 2022
VICI Properties Inc. Increases Regular Quarterly Dividend By 8%
VICI Properties Inc. (NYSEVICI) (“VICI Properties” or the “Company”) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.39 per share of common stock for the period from July 1, 2022 to September 30, 2022, representing an annualized amount of $1.56 per share and an 8.3% increase from the current dividend rate. The dividend will be payable on October 6, 2022 to stockholders of record as of the close of business on September 22, 2022.
By VICI Properties Inc. · Via Business Wire · September 8, 2022