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VICI Properties Inc. - VICI STOCK NEWS

Welcome to our dedicated page for VICI Properties news (Ticker: VICI), a resource for investors and traders seeking the latest updates and insights on VICI Properties stock.

VICI Properties Inc, traded under the ticker symbol VICI, is a renowned real estate investment trust (REIT) based in the United States. The company specializes in owning and acquiring premier gaming, hospitality, and entertainment destinations, which are subject to long-term triple net leases. This unique focus positions VICI Properties as a major player in the leisure and entertainment real estate sector.

The company operates through two primary segments: the Real Property Business and the Golf Course Business. The Real Property Business segment is dedicated to leasing properties, ensuring a stable and consistent revenue stream. The Golf Course Business segment, on the other hand, encompasses several high-profile golf courses, including the beautiful Cascata Golf Course, the expansive Rio Secco Golf Course, the picturesque Grand Bear Golf Course, and the scenic Chariot Run Golf Course. These properties add diversification and additional value to VICI's real estate portfolio.

VICI Properties prides itself on offering a full-service, worry-free solution for rental property management. The company's mission is to protect and maximize investors' real estate assets by ensuring minimal tenant vacancies and high property maintenance standards. This approach helps in maximizing cash flow and overall investment value.

Recent achievements highlight VICI Properties' strategic acquisition initiatives and robust financial health, making it a reliable choice for investors looking to add a stable, income-generating asset to their portfolio. The company has successfully forged partnerships and secured properties that significantly enhance its portfolio's value and appeal.

Whether you are an investor looking for superior property management services or you wish to purchase investment properties, VICI Properties Inc. offers expert solutions tailored to meet your needs. Stay updated on the latest developments and performance metrics of VICI Properties Inc. through our timely news updates and comprehensive analysis.

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Century Casinos, Inc. has completed the acquisition of Rocky Gap Casino Resort from Golden Entertainment Inc. for $56.1 million. Simultaneously, VICI Properties Inc. acquired an interest in the land and building associated with Rocky Gap for $203.9 million. The company financed the acquisition with $30.0 million borrowed from its existing credit agreement with Goldman Sachs USA and cash from the balance sheet. Rocky Gap is a full-service resort with a golf course, events center, meeting spaces, spa, and gaming floor. With this acquisition, Century Casinos now has 19 casinos worldwide and expects a pro forma net operating revenue of $508.5 million and Adjusted EBITDA of $128.7 million for 2022.
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Century Casinos has entered into an agreement for VICI Properties to acquire its Canadian real estate assets for CAD 221.7 million ($164.4 million). The purchase price includes CAD 192.3 million ($142.6 million) to be paid to Century Casinos and CAD 29.4 million ($21.8 million) to acquire the fee simple real estate interest in Century Downs. The Company anticipates retaining CAD 154.5 million ($114.6 million) after expenses. The transaction is expected to close in the second half of 2023.
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BrightView Holdings, Inc. announced that Andrew Masterman will step down as President and CEO, effective May 31, 2023. Jim Abrahamson will serve as interim President and CEO until a successor is found.
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VICI Properties Inc. (NYSE: VICI) will release its Q1 2023 financial results on May 1, 2023, following the NYSE trading close. A conference call with an audio webcast is scheduled for May 2, 2023, at 9:00 a.m. ET. Investors can access the call by calling 833-470-1428 (domestic) or +1 404-975-4839 (international) and entering conference ID 621271. An audio replay will be available until May 9, 2023, and a live webcast will be accessible via www.viciproperties.com.

VICI Properties is a leader in experiential real estate, owning a diverse portfolio of 49 gaming facilities across the U.S. and Canada.

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VICI Properties Inc. (NYSE: VICI) has declared a quarterly cash dividend of $0.39 per share for the period from January 1, 2023 to March 31, 2023. The dividend is payable on April 6, 2023, to stockholders of record as of the close of business on March 23, 2023. With a strong portfolio of 49 gaming and hospitality properties across the U.S. and Canada, VICI continues to emphasize its commitment to delivering value to shareholders through consistent dividend payments. The company's diverse assets include iconic destinations like Caesars Palace and MGM Grand, reinforcing its position as a leader in experiential real estate.

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FAQ

What is the current stock price of VICI Properties (VICI)?

The current stock price of VICI Properties (VICI) is $28.79 as of December 20, 2024.

What is the market cap of VICI Properties (VICI)?

The market cap of VICI Properties (VICI) is approximately 30.2B.

What is VICI Properties Inc.?

VICI Properties Inc. is a real estate investment trust based in the U.S., specializing in gaming, hospitality, and entertainment destinations.

What are the main business segments of VICI Properties?

VICI Properties operates in two main segments: Real Property Business and Golf Course Business.

What types of properties does VICI Properties manage?

VICI Properties manages gaming, hospitality, and entertainment destinations, as well as several golf courses.

What is the mission of VICI Properties Inc.?

The mission of VICI Properties Inc. is to protect real estate investments by maximizing cash flow, minimizing tenant vacancy periods, and maintaining high property standards.

Can investors purchase properties through VICI Properties?

Yes, VICI Properties offers solutions for investors looking to purchase real estate investment properties.

What notable golf courses are managed by VICI Properties?

Notable golf courses include Cascata Golf Course, Rio Secco Golf Course, Grand Bear Golf Course, and Chariot Run Golf Course.

What is a triple net lease?

A triple net lease is a lease agreement where the tenant is responsible for paying property taxes, insurance, and maintenance in addition to rent.

Is VICI Properties Inc. financially stable?

Yes, VICI Properties Inc. has demonstrated robust financial health through strategic acquisitions and solid revenue streams.

How does VICI Properties ensure property maintenance?

VICI Properties ensures property maintenance by delivering predictable property management services at consistently high standards.

Where can I find the latest news about VICI Properties?

The latest news and updates about VICI Properties can be found on financial news websites and the company's official communications.

VICI Properties Inc.

Nasdaq:VICI

VICI Rankings

VICI Stock Data

30.20B
1.05B
0.25%
99.93%
2.13%
REIT - Diversified
Real Estate Investment Trusts
Link
United States of America
NEW YORK