VICI Properties Inc. CEO Edward Pitoniak Appears on CNBC’s “Mad Money with Jim Cramer”

Rhea-AI Summary

VICI Properties Inc. (NYSE: VICI) announced that CEO Edward Pitoniak featured on CNBC's 'Mad Money with Jim Cramer' on June 24, 2022, discussing VICI’s role as a capital source for tenants and its growth plans in gaming and experiential real estate. The company holds a large portfolio, including iconic properties like Caesars Palace and MGM Grand, with 43 gaming facilities, 58,700 hotel rooms, and over 450 food and entertainment venues. VICI aims to enhance its experiential real estate portfolio while navigating forward-looking risks, including economic uncertainties and impacts from the COVID-19 pandemic.

Positive

• VICI Properties possesses a large and diverse portfolio of 43 gaming facilities with over 122 million square feet.
• The company is strategically positioned in the gaming and hospitality sectors, including high-profile assets such as Caesars Palace and MGM Grand.
• VICI's plans highlight continued growth in experiential real estate, indicating a proactive business strategy.

Negative

• Forward-looking statements highlight potential risks, including economic uncertainties and the COVID-19 pandemic's impact on operations.

NEW YORK--(BUSINESS WIRE)-- VICI Properties Inc. (NYSE: VICI) (“VICI,” “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, June 24, 2022. Mr. Pitoniak discussed the merits of VICI as a capital source for tenants as well as the Company’s plans for continued growth in gaming and non-gaming experiential real estate. Click here to view the appearance.

About VICI Properties

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 Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip. VICI Properties’ national, geographically diverse portfolio consists of 43 gaming facilities comprising over 122 million square feet and features approximately 58,700 hotel rooms and more than 450 restaurants, bars, nightclubs and sportsbooks. Its properties are leased to industry leading gaming and hospitality operators, including Caesars Entertainment, Inc., Century Casinos, Inc., the Eastern Band of Cherokee Indians, Hard Rock International Inc., JACK Entertainment LLC, MGM Resorts International, Penn National Gaming, Inc., and The Venetian Las Vegas. VICI Properties also has an investment in the Chelsea Piers, New York facility and owns four championship golf courses and 34 acres of undeveloped and underdeveloped land adjacent to the Las Vegas Strip. VICI Properties’ strategy is to create the nation’s highest quality and most productive experiential real estate portfolio. For additional information, please visit www.viciproperties.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws. You can identify these statements by our use of the words “assumes,” “believes,” “estimates,” “expects,” “guidance,” “intends,” “plans,” “projects,” and similar expressions that do not relate to historical matters. All statements other than statements of historical fact are forward-looking statements. You should exercise caution in interpreting and relying on forward-looking statements because they involve known and unknown risks, uncertainties, and other factors which are, in some cases, beyond the Company’s control and could materially affect actual results, performance, or achievements. Important risk factors that may affect the Company’s business, results of operations and financial position (including those stemming from the COVID-19 pandemic and changes in the economic conditions as a result thereof and risks relating to the Company’s pending transactions) are detailed from time to time in the Company’s filings with the Securities and Exchange Commission. The Company does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as may be required by applicable law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220627005223/en/

Investor Contacts:

Investors@viciproperties.com

(646) 949-4631



Or



David Kieske

EVP, Chief Financial Officer

DKieske@viciproperties.com



Danny Valoy

Vice President, Acquisitions & Finance

DValoy@viciproperties.com

Source: VICI Properties Inc.

FAQ

What did VICI Properties CEO discuss on CNBC's Mad Money?

CEO Edward Pitoniak discussed VICI's role as a capital source for tenants and the company's growth plans in gaming and experiential real estate.

What properties are included in VICI Properties' portfolio?

VICI owns notable properties such as Caesars Palace, MGM Grand, and the Venetian Resort Las Vegas.

When did VICI Properties appear on Mad Money with Jim Cramer?

VICI Properties appeared on Mad Money on June 24, 2022.

What is VICI Properties' strategy?

VICI's strategy focuses on enhancing its experiential real estate portfolio in the gaming and hospitality sectors.

What risks does VICI Properties face?

VICI faces risks related to economic uncertainties and potential impacts from the COVID-19 pandemic.