MGM Growth Properties

VICI Properties Inc. Announces Second Quarter 2023 Results

Retrieved on: 
Wednesday, July 26, 2023
Commercial Building & Real Estate, Construction & Property, REIT, Century Casinos, Rocky, Total, Partnership, Line of credit, 20th Century Masters – The Millennium Collection: The Best of Eric Clapton, Tenant, Sale, Net, FFO, Century Downs Racetrack and Casino, ATM, Acquisition, CECL, VICI, Growth, CMBS, Rocky Gap State Park, Century Mile Racetrack and Casino, Hand, MGM Growth Properties, NYSE, Vici Properties, Holding company, Mining, Video game, Cryptocurrency, Security (finance), Century, Canyon

VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or the “Company”), an experiential real estate investment trust, today reported results for the quarter ended June 30, 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 June 30, 2023.
  • The quarter's results and current liquidity enable VICI to continue in our pursuit of attractive domestic and international growth opportunities across the experiential landscape.
  • “In the second quarter, we continued to expand our international presence through the announced acquisition of four casino properties in Alberta, Canada with our existing tenant and partner, Century Casinos.
  • AFFO per share was $0.54 for the quarter, an increase of 11.9% compared to $0.48 for the quarter ended June 30, 2022.

VICI Properties Inc. Announces First Quarter 2023 Results

Retrieved on: 
Monday, May 1, 2023
Entertainment, Commercial Building & Real Estate, Lodging, Construction & Property, Travel, REIT, Casino, Gaming, Exercise, Gold Strike Tunica, Foxwoods Resort Casino, MGM Grand Las Vegas, MGM, Total, Partnership, MGM Resorts International, Las Vegas Strip, Mashantucket Pequot Tribe, Line of credit, Cherokee Nation, Cherokee Nation Businesses, Tenant, Gold Strike, Sale, FFO, ATM, Credit Accumulation and Transfer Scheme, Acquisition, Gold, VICI, Growth, Cherokee, Credit, Hand, NYSE, MGM Growth Properties, Vici Properties, PURE, Pure (Canadian band), Real estate, Holding company, Video game, Security (finance), Hard rock

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.

Land & Buildings Issues Presentation Highlighting Opportunity to Unlock Substantial Real Estate Value at Six Flags

Retrieved on: 
Wednesday, December 21, 2022
Professional Services, Finance, Realty Income, L&B, MGM Resorts International, MGM Growth Properties, EBITDA, IRS, Depression, Vici Properties, MGP, EPR Properties, Blackstone, Growth, Season, The Ritz-Carlton Hotel Company, NYSE, Department of Lands building, Host Hotels & Resorts, HST, Four Seasons, Building, MGM, Litt, Six Flags, Sale, REIT, Amusement park, Audit, Real estate, Security (finance), 6 (disambiguation)

The presentation is available at: https://bit.ly/3HStjkx

Key Points: 
  • The presentation is available at: https://bit.ly/3HStjkx
    “Six Flags is an iconic brand with a tremendous value creation opportunity in front of it,” said Land & Buildings Founder and Chief Investment Officer, Jonathan Litt.
  • This strategy of separating the real estate and operator is a structure we have seen succeed in maximizing value of numerous hospitality and leisure companies that we’ve invested in historically.
  • We look forward to continuing our constructive dialogue with leadership and helping the Company to realize the potential of Six Flags for all shareholders.”
    Key takeaways from the presentation include:
    Six Flags could add $11 per share today by unlocking its real estate value.
  • L&B is assuming conservative estimates of value and that Six Flags could drive 50% upside to the shares in 2023 and over 100% in the next 18 months.

VICI Properties Announces Closing of $5.0 Billion Senior Unsecured Notes Offering

Retrieved on: 
Friday, April 29, 2022
Professional Services, Other Professional Services, Other Construction & Property, Residential Building & Real Estate, Finance, Construction & Property, REIT, Caesars Entertainment, Sale, Restaurant, Jack Entertainment, Goldman Sachs, Varick Street, Database, Madison Avenue, MGP, Citigroup, Security (finance), Chelsea Piers, BNP PARIBAS, Vici Properties, Industry, Issuer, Deutsche Bank, NYSE, BofA Securities, SRI International, Inc. v. Internet Security Systems, Inc., EDGAR, Scotiabank, Company, Morgan Stanley, MGM Growth Properties, Failure, U.S. Securities and Exchange Commission, Suite, Prospectus, MGM Grand, Wells Fargo, LLC, COVID-19, Risk, Telephone, 3rd Floor, Cherokee, UBS, Note, Attention, Stifel, Eastern Band of Cherokee Indians, Caesars Palace, Columbus Circle, 2nd Floor (Nina song), Golf, Acquisition, MGM Resorts International, Barclays, Las Vegas Strip, J. P. Morgan

VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company) announced today that its subsidiary, VICI Properties L.P. (the Issuer), has completed its public offering of $5.0 billion in aggregate principal amount of senior unsecured notes (the Notes) substantially concurrently with the closing of the Companys acquisition of MGM Growth Properties LLC (MGP) consisting of:

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company) announced today that its subsidiary, VICI Properties L.P. (the Issuer), has completed its public offering of $5.0 billion in aggregate principal amount of senior unsecured notes (the Notes) substantially concurrently with the closing of the Companys acquisition of MGM Growth Properties LLC (MGP) consisting of:
    $500.0 million aggregate principal amount of 4.375% senior unsecured notes due 2025 (the 2025 Notes).
  • $1.25 billion aggregate principal amount of 4.750% senior unsecured long notes due 2028 (the 2028 Notes).
  • $1.0 billion aggregate principal amount of 4.950% senior unsecured long notes due 2030 (the 2030 Notes).
  • $1.5 billion aggregate principal amount of 5.125% senior unsecured notes due 2032 (the 2032 Notes).

VICI Properties Inc. Completes $17.2 Billion Strategic Acquisition of MGM Growth Properties LLC

Retrieved on: 
Friday, April 29, 2022
Professional Services, Other Professional Services, Other Construction & Property, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Caesars Entertainment, Restaurant, Jack Entertainment, New, M&A, MGP, S&P, NNN lease, Access, Security (finance), MGM, MGM Grand Las Vegas, Chelsea Piers, Vici Properties, Industry, OP, Tenant, NYSE, Kramer Levin Naftalis & Frankel, In re Caremark International Inc. Derivative Litigation, Growth, Company, MGM Growth Properties, General counsel, U.S. Securities and Exchange Commission, Region, MGM Grand, Securities & Exchange Commission of Pakistan, Ownership, COVID-19, Partnership, Risk, Cherokee, EBITDA, Leadership, Eastern Band of Cherokee Indians, CPI, Caesars Palace, MGM Resorts International, Golf, Acquisition, Institutionalisation, REIT, Real estate, Casino, Bank, Las Vegas Strip, Fitch

VICI Properties Inc. (NYSE: VICI) (VICI, VICI Properties or the Company), an experiential real estate investment trust, today announced it has closed on the previously announced acquisition of MGM Growth Properties LLC (NYSE: MGP) ("MGP").

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (VICI, VICI Properties or the Company), an experiential real estate investment trust, today announced it has closed on the previously announced acquisition of MGM Growth Properties LLC (NYSE: MGP) ("MGP").
  • Simultaneous with the closing of the MGP acquisition, the Company entered into an amended and restated triple-net master lease with MGM Resorts International (NYSE: MGM) (MGM Resorts or MGM).
  • The tenants obligations under the MGM master lease and BREIT JV lease continue to be guaranteed by MGM.
  • Morgan Stanley & Co LLC served as lead strategic and financial advisor to VICI Properties on the transaction.

VICI Properties Announces Pricing of Public Offering of $5.0 Billion of Senior Unsecured Notes

Retrieved on: 
Wednesday, April 20, 2022
Professional Services, Other Professional Services, Residential Building & Real Estate, Finance, Construction & Property, REIT, Hyco International Inc, U.S. Securities and Exchange Commission, COVID-19, Security (finance), Risk, Citigroup, MGP, Stifel, Attention, Cherokee, Sale, UBS, Suite, BNP PARIBAS, Prospectus, Jack Entertainment, Acquisition, Issuer, 2nd Floor (Nina song), 2028 Summer Olympics, Company, Chelsea Piers, MGM Resorts International, BofA Securities, Caesars Entertainment, Golf, LLC, Database, Restaurant, Caesars Palace, Madison Avenue, Failure, Morgan Stanley, MGM Growth Properties, Note, Industry, Public expenditure, Truist Financial, EDGAR, Telephone, Wells Fargo, Varick Street, Wall Street, Deutsche Bank, Goldman Sachs, 3rd Floor, NYSE, Scotiabank, Vici Properties, Eastern Band of Cherokee Indians, Las Vegas Strip, J. P. Morgan, Barclays

VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company) announced today that its wholly owned subsidiary, VICI Properties L.P. (the Issuer), has priced a public offering of $5.0 billion in aggregate principal amount of senior unsecured notes (the Notes) consisting of:

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company) announced today that its wholly owned subsidiary, VICI Properties L.P. (the Issuer), has priced a public offering of $5.0 billion in aggregate principal amount of senior unsecured notes (the Notes) consisting of:
    $500.0 million aggregate principal amount of 4.375% senior unsecured notes due 2025 (the 2025 Notes).
  • $1.25 billion aggregate principal amount of 4.750% senior unsecured long notes due 2028 (the 2028 Notes).
  • $1.0 billion aggregate principal amount of 4.950% senior unsecured long notes due 2030 (the 2030 Notes).
  • $1.5 billion aggregate principal amount of 5.125% senior unsecured notes due 2032 (the 2032 Notes).

VICI Properties Inc. Announces Extension of Exchange Offers

Retrieved on: 
Thursday, April 14, 2022
Professional Services, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Public expenditure, Caesars Entertainment, XV, SEC Rule 144A, Telephone, Golf, Jack Entertainment, Chelsea Piers, In re Caremark International Inc. Derivative Litigation, COVID-19, MGP, Annual report, Cherokee, Regulation, Restaurant, Mergers and acquisitions, Sale, Securities Act of 1933, Caesars Palace, Depression, Person, Initial exchange offering, Failure, Company, SEC, Forward-looking statement, Vici Properties, MGM Growth Properties, Safety, Epidemic, Note, Certification, Industry, Eastern Band of Cherokee Indians, Risk, Pandemic, Health, Security (finance), Risk management, Las Vegas Strip

The complete terms and conditions of the Exchange Offers and the Consent Solicitations are described in the Offering Memorandum, copies of which may be obtained by contacting D.F.

Key Points: 
  • The complete terms and conditions of the Exchange Offers and the Consent Solicitations are described in the Offering Memorandum, copies of which may be obtained by contacting D.F.
  • King & Co., Inc., the exchange agent and information agent in connection with the Exchange Offers and the Consent Solicitations, by telephone at (800) 820-2415 (U.S. toll-free) or (212) 269-5550 (banks and brokers), or by email at [email protected] .
  • The Exchange Offers and the Consent Solicitations are being made solely pursuant to the Offering Memorandum and only to such persons and in such jurisdictions as are permitted under applicable law.
  • VICI Properties strategy is to create the nations highest quality and most productive experiential real estate portfolio.

VICI Properties Inc. Announces Extension of Exchange Offers

Retrieved on: 
Thursday, March 31, 2022
REIT, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Caesars Palace, Company, Risk, Pandemic, Regulation, MGM Growth Properties, Golf, Jack Entertainment, Sale, MGP, Forward-looking statement, Restaurant, Public expenditure, Cherokee, XV, SEC, Certification, Epidemic, Chelsea Piers, SEC Rule 144A, Initial exchange offering, Telephone, In re Caremark International Inc. Derivative Litigation, Failure, Health, Caesars Entertainment, Industry, Safety, Person, Depression, Securities Act of 1933, Note, Vici Properties, COVID-19, Eastern Band of Cherokee Indians, Mergers and acquisitions, Annual report, Security (finance), Risk management, Las Vegas Strip

The complete terms and conditions of the Exchange Offers and the Consent Solicitations are described in the Offering Memorandum, copies of which may be obtained by contacting D.F.

Key Points: 
  • The complete terms and conditions of the Exchange Offers and the Consent Solicitations are described in the Offering Memorandum, copies of which may be obtained by contacting D.F.
  • King & Co., Inc., the exchange agent and information agent in connection with the Exchange Offers and the Consent Solicitations, by telephone at (800) 820-2415 (U.S. toll-free) or (212) 269-5550 (banks and brokers), or by email at [email protected] .
  • The Exchange Offers and the Consent Solicitations are being made solely pursuant to the Offering Memorandum and only to such persons and in such jurisdictions as are permitted under applicable law.
  • VICI Properties strategy is to create the nations highest quality and most productive experiential real estate portfolio.

VICI Properties Inc. Announces Extension of Exchange Offers

Retrieved on: 
Monday, February 14, 2022
Commercial Building & Real Estate, Casino, Gaming, Construction & Property, Finance, Entertainment, REIT, Professional Services, Lodging, Travel, Health, Regulation, Penn National Gaming, Jack Entertainment, Initial exchange offering, Risk, Company, Certification, In re Caremark International Inc. Derivative Litigation, Public expenditure, SEC, Forward-looking statement, Pandemic, Chelsea Piers, MGP, XV, Securities Act of 1933, Golf, Cherokee, SEC Rule 144A, Eastern Band of Cherokee Indians, Safety, Note, Annual report, Caesars Entertainment, Epidemic, Depression, Telephone, MGM Growth Properties, Sale, Person, Mergers and acquisitions, Failure, Caesars Palace, Las Vegas Strip, COVID-19, Restaurant, Industry, Vici Properties, Security (finance), Risk management

The complete terms and conditions of the Exchange Offers and the Consent Solicitations are described in the Offering Memorandum, copies of which may be obtained by contacting D.F.

Key Points: 
  • The complete terms and conditions of the Exchange Offers and the Consent Solicitations are described in the Offering Memorandum, copies of which may be obtained by contacting D.F.
  • King & Co., Inc., the exchange agent and information agent in connection with the Exchange Offers and the Consent Solicitations, by telephone at (800) 820-2415 (U.S. toll-free) or (212) 269-5550 (banks and brokers), or by email at [email protected] .
  • The Exchange Offers and the Consent Solicitations are being made solely pursuant to the Offering Memorandum and only to such persons and in such jurisdictions as are permitted under applicable law.
  • VICI Properties strategy is to create the nations highest quality and most productive experiential real estate portfolio.

VICI Properties Inc. Announces Extension of Exchange Offers

Retrieved on: 
Tuesday, December 28, 2021
Commercial Building & Real Estate, Construction & Property, Casino, Gaming, Finance, Entertainment, REIT, Professional Services, Lodging, Destinations, Travel, Jack Entertainment, COVID-19, Restaurant, Note, Securities Act of 1933, Company, Risk, Cherokee, Certification, Regulation, Telephone, Eastern Band of Cherokee Indians, XV, Health, Las Vegas Strip, Pandemic, In re Caremark International Inc. Derivative Litigation, Chelsea Piers, Industry, MGP, Caesars Entertainment, SEC, Depression, Public expenditure, Mergers and acquisitions, Initial exchange offering, Failure, Safety, MGM Growth Properties, SEC Rule 144A, Sale, Penn National Gaming, Vici Properties, Epidemic, Golf, Annual report, Caesars Palace, Forward-looking statement, Person, Security (finance), Risk management

The complete terms and conditions of the Exchange Offers and the Consent Solicitations are described in the Offering Memorandum, copies of which may be obtained by contacting D.F.

Key Points: 
  • The complete terms and conditions of the Exchange Offers and the Consent Solicitations are described in the Offering Memorandum, copies of which may be obtained by contacting D.F.
  • King & Co., Inc., the exchange agent and information agent in connection with the Exchange Offers and the Consent Solicitations, by telephone at (800) 820-2415 (U.S. toll-free) or (212) 269-5550 (banks and brokers), or by email at [email protected] .
  • The Exchange Offers and the Consent Solicitations are being made solely pursuant to the Offering Memorandum and only to such persons and in such jurisdictions as are permitted under applicable law.
  • VICI Properties strategy is to create the nations highest quality and most productive experiential real estate portfolio.