Jack Entertainment

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.

OPTX Sees Record First Quarter

Retrieved on: 
Wednesday, April 13, 2022
Data science, Yavapai, Adoption, Success, Time, VP, Leadership, Technology, Solution, Multimedia, Industry, Acquisition, View, Jack Entertainment, Casino, Video game

LAS VEGAS, April 13, 2022 /PRNewswire/ --Award-winning Las Vegas tech company, OPTX , made major strides in quarter one.

Key Points: 
  • LAS VEGAS, April 13, 2022 /PRNewswire/ --Award-winning Las Vegas tech company, OPTX , made major strides in quarter one.
  • "Simultaneously, our own team member satisfaction has skyrocketed: OPTX continues to provide easy-to-use solutions that have our staff working smarter, not harder."
  • There is more on the way too, with two major releases planned for the second quarter.
  • OPTX will continue to integrate into the casino enterprise community at the April 19-22 Indian Gaming Tradeshow & Convention in Anaheim, CA at booth 356 and looks forward to an even more robust second quarter.

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. Declares Regular Quarterly Dividend

Retrieved on: 
Thursday, March 10, 2022
REIT, Casino, Gaming, Commercial Building & Real Estate, Entertainment, Construction & Property, Industry, Company, U.S. Securities and Exchange Commission, Caesars Palace, Golf, Chelsea Piers, Board, Risk, In re Caremark International Inc. Derivative Litigation, Board of directors, Eastern Band of Cherokee Indians, Jack Entertainment, NYSE, Security (finance), Cherokee, Restaurant, COVID-19, Caesars Entertainment, Vici Properties, 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 $0.36 per share of common stock for the period from January 1, 2022 to March 31, 2022.

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 $0.36 per share of common stock for the period from January 1, 2022 to March 31, 2022.
  • The dividend will be payable on April 7, 2022 to stockholders of record as of the close of business on March 24, 2022.
  • VICI Properties national, geographically diverse portfolio consists of 28 gaming facilities comprising over 62 million square feet and features approximately 25,000 hotel rooms and more than 250 restaurants, bars, nightclubs and sportsbooks.
  • VICI Properties strategy is to create the nations highest quality and most productive experiential real estate portfolio.

Apollo Funds Complete the Acquisition of The Venetian Resort Las Vegas and Venetian Expo Operating Companies

Retrieved on: 
Wednesday, February 23, 2022
GLOBE, Golf, Retirement, Growth, LVS, Jack Entertainment, Madison Square Garden Entertainment, APO, Cherokee, Chelsea Piers, Industry, Eastern Band of Cherokee Indians, NYSE, Venetian, Paul, Weiss, Rifkind, Wharton & Garrison, LLP, Caesars Palace, Acquisition, MSG Sphere, Caesars Entertainment, Apollo Global Management, Vici Properties, Hyco International Inc, Las Vegas Sands, Private equity, Restaurant, Solution, CEO, Apollo, Casino, Hotel, Las Vegas Strip

NEW YORK, Feb. 23, 2022 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, Apollo) today announced that funds managed by its affiliates (the Apollo Funds) have completed the acquisition of the operations of The Venetian Resort Las Vegas and the Venetian Expo in Las Vegas (The Venetian) from Las Vegas Sands Corp. (NYSE: LVS) for approximately $2.25 billion.

Key Points: 
  • NEW YORK, Feb. 23, 2022 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, Apollo) today announced that funds managed by its affiliates (the Apollo Funds) have completed the acquisition of the operations of The Venetian Resort Las Vegas and the Venetian Expo in Las Vegas (The Venetian) from Las Vegas Sands Corp. (NYSE: LVS) for approximately $2.25 billion.
  • The agreement to acquire the iconic Las Vegas property was announced March 2021.
  • Were thrilled to complete the acquisition of The Venetian, a premier Las Vegas resort thats backed by a world-class team, said David Sambur, Apollo Partner and Co-Head of Private Equity.
  • 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, Harrahs Las Vegas and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip.

VICI Properties Inc. Completes $4 Billion Acquisition of the Venetian Resort Las Vegas

Retrieved on: 
Wednesday, February 23, 2022
Commercial Building & Real Estate, Other Travel, Construction & Property, Lodging, Travel, REIT, Casino, Gaming, Entertainment, Disney's Venetian Resort, Floral Shoppe, Partnership, Golf, Risk, LVS, Jack Entertainment, APO, Madison Square Garden Entertainment, Cherokee, Security (finance), Hand, Music, CPI, Chelsea Piers, COVID-19, Deutsche Bank, Industry, Company, Sale, Eastern Band of Cherokee Indians, MSG Sphere at The Venetian, NYSE, Venetian Towers, U.S. Securities and Exchange Commission, Caesars Palace, Acquisition, MSG Sphere, Caesars Entertainment, Apollo Global Management, Adelson, Vici Properties, In re Caremark International Inc. Derivative Litigation, Las Vegas Sands, MSG, Kramer Levin Naftalis & Frankel, Restaurant, Grand Canal Shoppes, Brookfield Properties, Apollo, Casino, Hotel, Las Vegas Strip

VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company), an experiential real estate investment trust, today announced it has completed the previously announced transaction to acquire all of the land and real estate assets associated with the Venetian Resort Las Vegas and the Venetian Expo and Convention Center Las Vegas, located in Las Vegas, Nevada (the Venetian Resort) for $4.0 billion in cash, representing a 6.25% cap rate.

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company), an experiential real estate investment trust, today announced it has completed the previously announced transaction to acquire all of the land and real estate assets associated with the Venetian Resort Las Vegas and the Venetian Expo and Convention Center Las Vegas, located in Las Vegas, Nevada (the Venetian Resort) for $4.0 billion in cash, representing a 6.25% cap rate.
  • Additionally, VICI Properties has the opportunity to fund up to an additional $1.0 billion development at the property through the Companys Partner Property Growth Fund.
  • John Payne, President and Chief Operating Officer of VICI Properties, said, We are thrilled to complete the acquisition of this remarkable world-class asset.
  • 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, Harrahs Las Vegas and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip.

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. Expands Borrowing Capacity With a New $3.5 Billion Unsecured Credit Facility

Retrieved on: 
Tuesday, February 8, 2022
Entertainment, Lodging, Construction & Property, REIT, Travel, Casino, Gaming, CFO, Caesars Entertainment, Scotiabank, Industry, Golf, Huntington Bancshares, EBITDA, J. P. Morgan, U.S. Securities and Exchange Commission, Barclays, Primary Dealer Credit Facility, Restaurant, BofA Securities, Company, Credit agreements in South Africa, BNP Paribas, Citibank, Wells Fargo, Bank, Las Vegas Strip, Security (finance), NYSE, Credit, SOFR, Citizens Bank, Eastern Band of Cherokee Indians, Penn National Gaming, Risk, Chelsea Piers, Jack Entertainment, J. E. M. Ag Supply, Inc. v. Pioneer Hi-Bred International, Inc., Caesars Palace, Cherokee, LIBOR, JPMorgan Chase, Line of credit, Sumitomo Mitsui Banking Corporation, Vici Properties, Truist Financial, COVID-19

VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company), an experiential asset real estate investment trust, today announced the effectiveness of its new and undrawn $3.5 billion unsecured credit facility consisting of a four-year $2.5 billion senior unsecured revolving credit facility (the Revolving Credit Facility) and a three-year $1.0 billion senior unsecured delayed draw term loan (the Delayed Draw Term Loan together with the Revolving Credit Facility, the Credit Facilities).

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company), an experiential asset real estate investment trust, today announced the effectiveness of its new and undrawn $3.5 billion unsecured credit facility consisting of a four-year $2.5 billion senior unsecured revolving credit facility (the Revolving Credit Facility) and a three-year $1.0 billion senior unsecured delayed draw term loan (the Delayed Draw Term Loan together with the Revolving Credit Facility, the Credit Facilities).
  • Concurrently, the Company terminated its existing $1.0 billion undrawn secured revolving credit facility and all liens securing the Companys existing credit facilities and related subsidiary guarantees were automatically released.
  • The Revolving Credit Facility matures on March 31, 2026 and can be extended for two successive six-month terms.
  • Based on a pricing grid and the Companys current credit ratings, the Revolving Credit Facility bears interest at SOFR plus 132.5 basis points, an improvement in pricing from 200 basis points over LIBOR under its prior secured revolving credit facility.

VICI Properties Inc. Announces Tax Treatment of 2021 Distributions

Retrieved on: 
Wednesday, January 26, 2022
Commercial Building & Real Estate, Construction & Property, REIT, Vici Properties, Jack Entertainment, Penn National Gaming, Las Vegas Strip, Treasury regulations, REIT, Eastern Band of Cherokee Indians, Industry, Chelsea Piers, Restaurant, Caesars Palace, Treasury, SRI International, Inc. v. Internet Security Systems, Inc., Caesars Entertainment, Cherokee, Golf, Holding company, Casino

Stockholders should consult with their tax advisors to determine whether this requirement affects any portion of the dividends included in Box 5.

Key Points: 
  • Stockholders should consult with their tax advisors to determine whether this requirement affects any portion of the dividends included in Box 5.
  • (2) These amounts are a subset of, and included in, the 2021 ordinary dividend amounts (Box 1a).
  • (4) The entire January 7, 2021 distribution (which was declared and had a record date in the fourth quarter of 2020) is treated as a 2021 distribution for federal income tax purposes.
  • VICI Properties strategy is to create the nations highest quality and most productive experiential real estate portfolio.