Casino
January 9, 2023
VICI Properties Acquired Four PURE Casinos to Enter Canada
A leaseback transaction between VICI Properties and Pure Canadian Gaming Group saw the real estate investment trust (REIT) acquire four gaming properties in Canada. Sale-Leaseback Model VICI Properties announced it has acquired the real estate assets of four PURE Casinos in Alberta – PURE Casino Edmonton in Edmonton, PURE Casino Yellowhead in Edmonton, PURE Casino […]
Business
December 23, 2022
VICI and Foundation Gaming Ink Sale-Leasebacks for Two Mississippi Casinos
VICI Properties, an owner and acquirer of experiential real estate assets across leading gaming, hospitality, entertainment and leisure destinations, has purchased the Fitz Casino & Hotel and the WaterView Casino & Hotel properties from Foundation Gaming & Entertainment. VICI Acquires Two Casinos in a Sale-Leaseback Deal The sale-leaseback deal saw the real estate specialist pay […]
Casino
December 6, 2022
VICI Properties to Fund Century Casinos Caruthersville Expansion
Experiential real estate investment trust (REIT) VICI Properties announced plans to use its Partner Property Growth Fund and finance an expansion project for Century Casinos in Missouri. Financing New Casino Project VICI Properties will provide the funds for a new land-based casino project at Century Casino Caruthersville, in Caruthersville, Missouri, comprising a casino and an […]
Business
December 2, 2022
Blackstone Sells Off All Stakes in MGM Grand and Mandalay Bay
Blackstone Real Estate Income Trust, Inc. (BREIT) made an official press release announcing the upcoming sale of its remaining MGM Grand Las Vegas and Mandalay Bay Resort stakes. VICI Properties, which currently owns a 50.1% interest, will acquire the remaining 49.9% interest in the joint venture for a cash consideration of roughly $1.27 billion. VICI […]
Business
July 29, 2022
VICI Properties Published Second Quarter 2022 Earnings Report
Experiential real estate investment trust (REIT) VICI Properties released Wednesday its second quarter financial report posting growth in revenues year-over-year. Revenue Growth, Net Income Decline For the three months ended June 30, 2022, VICI Properties reported total revenues of $662.6 million to post an increase of 76% to the $376.4 million generated in the respective […]
Business
June 2, 2022
VICI Properties Adds Two New Senior Members
VICI Properties Inc., a prominent real estate investment trust, announced Wednesday that it is appointing two new members to key positions. Kellan Florio will assume the role of chief investment officer and senior vice president, while Moira McCloskey will become vice president, of capital markets. VICI is currently the largest casino REIT (Gaming real estate […]
Business
May 27, 2022
VICI Stock Attracts Significant Investments during Market Decline
During the first quarter of 2022, Point72 Asset Management, a hedge fund headed by Mets owner Steve Cohen, bought up 633,800 shares of VICI Properties. This comes amidst a slumping market and is likely an attempt by Cohen to adopt a more defensive strategy. Cohen Is Playing It Safe with Low-Risk Purchases It looks like […]
Business
August 4, 2021
VICI Properties to Acquire MGM Growth Properties for $17.2B
Portfolio enhancement and diversification at VICI Properties continue as the real estate investment trust (REIT) announced it would acquire MGM Growth Properties. Payment Consideration VICI Properties, MGM Growth Properties (MGP), and MGP’s controlling shareholder, MGM Resorts International, signed a definitive agreement for the acquisition of MGP by VICI for total consideration of $17.2 billion, inclusive […]
Casino
December 25, 2020
EBCI Buys Operations at Caesars Southern Indiana for $250M
US casino giant Caesars Entertainment announced Thursday in an investor release it entered into a definitive agreement with the Eastern Band of Cherokee Indians (EBCI) for the sale of operations at Caesars Southern Indiana for $250 million. “The purchase of Caesars Southern Indiana operating company marks the beginning of an exciting new future for the […]
Business
November 20, 2020
Bally’s Corp Acquires Bally’s Atlantic For $25 Million, Plans For Improvements
Previously known as Twin River Worldwide Holdings, Bally’s Corp announced on November 18 it closed a $25 million deal with Caesars Entertainment and VICI Properties to acquire Bally’s Atlantic City. New Upgrades For Bally’s Atlantic City Bally’s Corp completed Wednesday the acquisition of Bally’s Atlantic City for $25 million after New Jersey gaming regulators approved […]
