Jack Entertainment

VICI Properties Inc. Announces Partnership With Canyon Ranch With Investment in Canyon Ranch Austin in Austin, Texas

Retrieved on: 
Tuesday, October 18, 2022
Commercial Building & Real Estate, Construction & Property, REIT, Caesars Palace, CA, Jack Entertainment, Trust, U.S. Securities and Exchange Commission, Anne Pitoniak, Eastern Band of Cherokee Indians, Growth, Population, Motivation, NYSE, Vici Properties, Restaurant, Texas Hill Country, Spirituality, MGM Resorts International, Texas Real Estate Commission, Chelsea Piers, MGM Grand, Mental health, Security (finance), Partnership, J. E. M. Ag Supply, Inc. v. Pioneer Hi-Bred International, Inc., Goal, Sport, Company, Industry, Golf, Intention, Cherokee, Caesars Entertainment, Wellness, COVID-19, Risk, Real estate, Tourism, Las Vegas Strip

VICI Properties Inc. (NYSE: VICI) (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 Ranchs newest wellness-resort offering, Canyon Ranch Austin in Austin, Texas.

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (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 Ranchs newest wellness-resort offering, Canyon Ranch Austin in Austin, Texas.
  • 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.
  • Our investment in Canyon Ranch Austin enables VICI to enter the place-based wellness sector with the foremost brand in global wellness, Canyon Ranch.

VICI Properties Announces Release Date for Third Quarter 2022 Results

Retrieved on: 
Monday, October 3, 2022
Architecture, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Urban Planning, REIT, Caesars Entertainment, Cherokee, Jack Entertainment, SRI International, Inc. v. Internet Security Systems, Inc., Eastern Band of Cherokee Indians, Industry, Vici Properties, Golf, Webcast, MGM Resorts International, MGM Grand, Caesars Palace, NYSE, Restaurant, New, Company, Las Vegas Strip

VICI Properties Inc. (NYSE: VICI) (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.

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (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).
  • VICI Properties also 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 nations highest quality and most productive experiential real estate portfolio.

VICI Properties Inc. Expands Partnership With Cabot Through a Management Contract for VICI’s 4 Golf Courses

Retrieved on: 
Monday, October 3, 2022
Construction & Property, Other Sports, Sports, REIT, Golf, Landscape, Building Systems, Other Construction & Property, Residential Building & Real Estate, Entrepreneurship, Caesars Entertainment, Cherokee, Taxable REIT subsidiaries, Jack Entertainment, In re Caremark International Inc. Derivative Litigation, Eastern Band of Cherokee Indians, Industry, Farm, Vici Properties, Golf, COVID-19, CDN, Risk, MGM Resorts International, MGM Grand, U.S. Securities and Exchange Commission, Caesars Palace, Miacomet Golf Course, NYSE, Restaurant, Leadership, Security (finance), TRS, Company, Hotel, Management, Las Vegas Strip

VICI Properties Inc. (NYSE: VICI) (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).

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (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).
  • Pursuant to the management agreement, CDN has assumed all day-to-day operations of the Golf Courses and all of VICI Properties employees at the Golf Courses are employees of CDN.
  • John Payne, President and Chief Operating Officer of VICI Properties, said, We are thrilled to expand our relationship with Cabot through CDNs management of our VICI-owned golf courses.
  • We believe our golf employees, courses and clubs will benefit greatly from the leadership and vision of the CDN management team.

VICI Properties Inc. Invests in Great Wolf Lodge Gulf Coast Texas

Retrieved on: 
Thursday, September 22, 2022
Commercial Building & Real Estate, Construction & Property, Lodging, Destinations, Travel, REIT, Casino, Gaming, Entertainment, Great Wolf Lodge (Gurnee, Illinois), In re Caremark International Inc. Derivative Litigation, Jack Entertainment, Weather, COVID-19, NYSE, Risk, Company, Eastern Band of Cherokee Indians, Caesars Palace, Industry, MGM Resorts International, U.S. Securities and Exchange Commission, Hand, Great Wolf Resorts, Vici Properties, Caesars Entertainment, Cherokee, Family, Restaurant, Security (finance), Water, Golf, Chelsea Piers, MGM Grand, Season, Hotel, Las Vegas Strip, Lagrange (disambiguation)

VICI Properties Inc. (NYSE: VICI) (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.

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (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 investment is expected to be funded with cash on hand in accordance with a construction draw schedule.
  • VICI Properties strategy is to create the nations highest quality and most productive experiential real estate portfolio.
  • Great Wolf Resorts, Inc. is North Americas largest family of indoor waterpark resorts, and through its subsidiaries and affiliates, owns, operates and develops family resorts under the Great Wolf Lodge brand.

VICI Properties Inc. Increases Regular Quarterly Dividend By 8%

Retrieved on: 
Thursday, September 8, 2022
Commercial Building & Real Estate, Construction & Property, REIT, Caesars Palace, Security (finance), COVID-19, NYSE, Jack Entertainment, Golf, MGM Resorts International, Board, Risk, Vici Properties, Chelsea Piers, In re Caremark International Inc. Derivative Litigation, U.S. Securities and Exchange Commission, MGM Grand, Caesars Entertainment, Restaurant, Eastern Band of Cherokee Indians, Board of directors, Company, Industry, Cherokee, Casino, Las Vegas Strip

VICI Properties Inc. (NYSE: VICI) (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.

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (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.
  • 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.
  • VICI Properties strategy is to create the nations highest quality and most productive experiential real estate portfolio.

VICI Properties Inc. to Acquire Rocky Gap Casino Resort and Lease to Century Casinos, Inc.

Retrieved on: 
Thursday, August 25, 2022
REIT, Casino, Gaming, Commercial Building & Real Estate, Entertainment, Construction & Property, Caesars Palace, Security (finance), COVID-19, Rocky, Partnership, Century Casinos, NYSE, Jack Entertainment, Golden Entertainment, NASDAQ, Rocky Gap State Park, Golf, MGM Resorts International, Golden, Risk, Vici Properties, Chelsea Piers, In re Caremark International Inc. Derivative Litigation, U.S. Securities and Exchange Commission, MGM Grand, Caesars Entertainment, Restaurant, Eastern Band of Cherokee Indians, Company, Industry, Cherokee, Amusement park, Casino, Las Vegas Strip, Century

VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company), an experiential real estate investment trust, today announced it has, together with Century Casinos, Inc. (NASDAQ: CNTY) (Century), entered into definitive agreements to acquire Rocky Gap Casino Resort (Rocky Gap), located in Flintstone, Maryland from Golden Entertainment, Inc. (NASDAQ: GDEN) (Golden Entertainment) for an aggregate purchase price of $260.0 million in cash.

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company), an experiential real estate investment trust, today announced it has, together with Century Casinos, Inc. (NASDAQ: CNTY) (Century), entered into definitive agreements to acquire Rocky Gap Casino Resort (Rocky Gap), located in Flintstone, Maryland from Golden Entertainment, Inc. (NASDAQ: GDEN) (Golden Entertainment) for an aggregate purchase price of $260.0 million in cash.
  • Simultaneous with the closing of the transaction, Rocky Gap will be added to the existing triple-net master lease agreement between VICI Properties and Century (the Century Master Lease) and annual rent will increase by $15.5 million.
  • Additionally, the term of the Century Master Lease will be extended such that, upon closing of the transaction, the lease will have a full 15-year initial base lease term, with four 5-year tenant renewal options.
  • VICI Properties strategy is to create the nations highest quality and most productive experiential real estate portfolio.

VICI Properties Inc. Expands Great Wolf Resorts Partnership with Investment in New Collier County, Florida Resort

Retrieved on: 
Thursday, July 14, 2022
Theme Parks, Entertainment, Vacation, Other Travel, Other Construction & Property, Lodging, Commercial Building & Real Estate, Travel, General Entertainment, Construction & Property, Other Entertainment, Tourist Attractions, REIT, MGM Grand, Restaurant, Security (finance), Chelsea Piers, Jack Entertainment, U.S. Securities and Exchange Commission, Family, Cherokee, Eastern Band of Cherokee Indians, Season, Weather, Company, Risk, Golf, MGM Resorts International, COVID-19, Great Wolf Lodge (Gurnee, Illinois), Caesars Palace, Water, Vici Properties, Hand, Great Wolf Resorts, In re Caremark International Inc. Derivative Litigation, NYSE, Industry, Caesars Entertainment, Hotel, Lagrange (disambiguation), Las Vegas Strip

VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company) announced today that the Company has agreed to provide a mezzanine loan investment for up to $59.0 million to Great Wolf Resorts, Inc. (Great Wolf) related to the development of Great Wolf Lodge South Florida, a more than $250 million family resort project in Collier County, FL.

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company) announced today that the Company has agreed to provide a mezzanine loan investment for up to $59.0 million to Great Wolf Resorts, Inc. (Great Wolf) related to the development of Great Wolf Lodge South Florida, a more than $250 million family resort project in Collier County, FL.
  • The investment is expected to be funded with cash on hand in accordance with a construction draw schedule.
  • This transaction represents VICI Properties second mezzanine loan investment with Great Wolf as part of the Companys strategic arrangement to provide up to $300 million of mezzanine financing to support the funding of the development of Great Wolfs domestic and international indoor water park resort pipeline.
  • Great Wolf Resorts, Inc. is North Americas largest family of indoor waterpark resorts, and through its subsidiaries and affiliates, owns, operates and develops family resorts under the Great Wolf Lodge brand.

VICI Properties Focus of Corporate Governance Case Study

Retrieved on: 
Wednesday, July 6, 2022
Commercial Building & Real Estate, Construction & Property, Casino, Gaming, Entertainment, REIT, Other Travel, Lodging, Other Construction & Property, Destinations, Travel, A Closer Look (Steve Harley & Cockney Rebel album), Jack Entertainment, Business, REIT, Chelsea Piers, American, Caesars Entertainment, Cherokee, Growth, Industry, De novo, Vici Properties, Trust, Restaurant, Golf, MGM Resorts International, Corporate governance, J. E. M. Ag Supply, Inc. v. Pioneer Hi-Bred International, Inc., Chair, NYSE, Eastern Band of Cherokee Indians, General counsel, Caesars Palace, Intention, Caesar, MGM Grand, Casino, Las Vegas Strip, IPO

VICI Properties Inc. (NYSE: VICI) (VICI, VICI Properties or the Company), an experiential real estate investment trust, is the focus of a case study recently published by the Corporate Governance Research Initiative at the Stanford University Graduate School of Business as part of the Stanford Closer Look Series.

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (VICI, VICI Properties or the Company), an experiential real estate investment trust, is the focus of a case study recently published by the Corporate Governance Research Initiative at the Stanford University Graduate School of Business as part of the Stanford Closer Look Series.
  • In particular, we will focus on the role governance can play in creating stakeholder trust
    VICI Board of Directors Chair, James Abrahamson, said of the case study, We believe this case study is a fair and full depiction of the governance values and principles that we put into practice when we founded VICI in 2017 and have further enhanced with a continued focus on the role governance plays in the success of our company.
  • VICIs commitment to governance quality is reflected in our currently standing fourth in Green Streets REIT governance quality rankings of all evaluated American REITs.
  • Establishing trust in VICIs governance early on has been integral to developing investor trust in VICI.

VICI Properties Announces Release Date for Second Quarter 2022 Results

Retrieved on: 
Tuesday, July 5, 2022
Entertainment, Commercial Building & Real Estate, Lodging, Construction & Property, Travel, REIT, Casino, Gaming, Jack Entertainment, Chelsea Piers, Cherokee, Caesars Entertainment, Company, Industry, Vici Properties, Restaurant, Golf, New, MGM Resorts International, ID, SRI International, Inc. v. Internet Security Systems, Inc., NYSE, Eastern Band of Cherokee Indians, Caesars Palace, Webcast, MGM Grand, Las Vegas Strip

VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company) announced today that it will release its second quarter 2022 financial results on Wednesday, July 27, 2022 after the close of trading on the New York Stock Exchange.

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company) announced today that it will release its second quarter 2022 financial results on Wednesday, July 27, 2022 after the close of trading on the New York Stock Exchange.
  • The Company will host a conference call and audio webcast on Thursday, July 28, 2022 at 10:00 a.m. Eastern Time (ET).
  • ET on July 28, 2022 until midnight ET on August 4, 2022 and can be accessed by dialing 929-458-6194 (domestic) or +44 204-525-0658 (international) and entering the passcode 709429.
  • VICI Properties strategy is to create the nations highest quality and most productive experiential real estate portfolio.

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

Retrieved on: 
Monday, June 27, 2022
Commercial Building & Real Estate, Construction & Property, REIT, Jack Entertainment, Chelsea Piers, Cherokee, Caesars Entertainment, COVID-19, Growth, Company, Industry, U.S. Securities and Exchange Commission, Vici Properties, Restaurant, Golf, MGM Resorts International, In re Caremark International Inc. Derivative Litigation, NYSE, Eastern Band of Cherokee Indians, Caesars Palace, Risk, Security (finance), MGM Grand, Casino, Las Vegas Strip

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 CNBCs Mad Money with Jim Cramer on Friday, June 24, 2022.

Key Points: 
  • 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 CNBCs 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 Companys plans for continued growth in gaming and non-gaming experiential real estate.
  • 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.
  • VICI Properties strategy is to create the nations highest quality and most productive experiential real estate portfolio.