Jack Entertainment

VICI Properties Inc. Repays Secured Term Loan B Facility

Retrieved on: 
Wednesday, September 15, 2021
Professional Services, Entertainment, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Casino, Gaming, Jack Entertainment, Chelsea Piers, Risk, U.S. Securities and Exchange Commission, Security (finance), Las Vegas Strip, Eastern Band of Cherokee Indians, Golf, Caesars Entertainment, Company, Term loan, J. E. M. Ag Supply, Inc. v. Pioneer Hi-Bred International, Inc., NYSE, Restaurant, Industry, Caesars Palace, Penn National Gaming, Disney's Venetian Resort, COVID-19, Cherokee, Acquisition, Sale, Vici Properties

VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company), an experiential asset real estate investment trust, today announced the Company used net proceeds from the issuance of 65,000,000 shares of the Companys common stock completed on September 14, 2021 and proceeds from settlement of the forward sale agreement entered into in June of 2020 (representing 26,900,000 shares of the Companys common stock) to repay in full approximately $2,102.5 million of existing indebtedness, including accrued interest, under the seven-year senior secured first lien term loan B facility (the Term Loan B Facility) originally entered into in December 2017.

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company), an experiential asset real estate investment trust, today announced the Company used net proceeds from the issuance of 65,000,000 shares of the Companys common stock completed on September 14, 2021 and proceeds from settlement of the forward sale agreement entered into in June of 2020 (representing 26,900,000 shares of the Companys common stock) to repay in full approximately $2,102.5 million of existing indebtedness, including accrued interest, under the seven-year senior secured first lien term loan B facility (the Term Loan B Facility) originally entered into in December 2017.
  • In connection with the payoff of the Term Loan B Facility, the related interest rate swap agreements were also terminated and the Company incurred breakage costs of approximately $66.9 million.
  • The Companys five-year first lien revolving credit facility originally entered into in December 2017 remains in place and undrawn, following the repayment of the Term Loan B Facility.
  • The repayment of the Term Loan B Facility retires all of the secured debt on VICI Properties balance sheet, said David Kieske, Chief Financial Officer of VICI Properties.

VICI Properties Inc. Announces Closing of Public Offering of Common Stock and Full Exercise of Underwriters’ Option to Purchase Additional Shares

Retrieved on: 
Tuesday, September 14, 2021
Professional Services, Entertainment, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Casino, Gaming, Jack Entertainment, Chelsea Piers, Risk, Capital market, U.S. Securities and Exchange Commission, Form, UBS, Eastern Band of Cherokee Indians, Security (finance), Las Vegas Strip, Goldman Sachs, Wells Fargo, Scotiabank, Exercise, Golf, BofA Securities, J. P. Morgan, Varick Street, Attention, CBRE, Caesars Entertainment, Company, Broadridge Financial Solutions, Dendrite International, Inc. v. Doe No. 3, NYSE, Restaurant, Industry, Morgan Stanley, KeyBank, Deutsche Bank, Caesars Palace, 2nd Floor (Nina song), Disney's Venetian Resort, Penn National Gaming, Barclays, COVID-19, Cherokee, Acquisition, SEC, Sale, Telephone, Vici Properties

VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company), an experiential asset real estate investment trust, today announced the closing of an underwritten public offering of 115,000,000 shares of its common stock (including 15,000,000 shares sold pursuant to the exercise in full of the underwriters option to purchase additional common stock) at a public offering price of $29.50 per share.

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company), an experiential asset real estate investment trust, today announced the closing of an underwritten public offering of 115,000,000 shares of its common stock (including 15,000,000 shares sold pursuant to the exercise in full of the underwriters option to purchase additional common stock) at a public offering price of $29.50 per share.
  • The Company issued and sold 65,000,000 shares (including 15,000,000 shares sold pursuant to the exercise in full of the underwriters option to purchase additional common stock) directly to the underwriters at closing and the underwriters purchased 50,000,000 shares related to the forward sale agreements described below.
  • Morgan Stanley, Citigroup, J.P. Morgan and Goldman Sachs & Co. LLC acted as joint book-running managers and as representatives of the underwriters in the offering.
  • BofA Securities, Deutsche Bank Securities, Barclays and Wells Fargo Securities acted as bookrunners in the offering.

VICI Properties Inc. Announces Commencement of Exchange Offers and Consent Solicitations

Retrieved on: 
Monday, September 13, 2021
Professional Services, Entertainment, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Casino, Gaming, Trigger, Date, IR, Las Vegas Strip, Caesars Entertainment, Constitutional amendment, Caesars Palace, Convention to propose amendments to the United States Constitution, Consent, Exchange offer, Time, Solicitation, Forward-looking statement, Investor, Health, XV, Annual report, Expiration date, Penn National Gaming, COVID-19, Sale, Vici Properties, Jack Entertainment, Chelsea Piers, Form, Eastern Band of Cherokee Indians, Prospectus, Failure, MGM Growth Properties, Proxy, Securities Act of 1933, Regulation, THE, In re Caremark International Inc. Derivative Litigation, Pandemic, Safety, Restaurant, Mergers and acquisitions, Indenture, Person, SEC, Epidemic, Certification, Golf, Note, SEC Rule 144A, Company, Settlement date, Risk, Industry, Expiration, Cherokee, Telephone, MGP, Life insurance, Security (finance), Risk management

Any waiver of a condition by the VICI Issuers with respect to an Exchange Offer will automatically waive such condition with respect to the corresponding Consent Solicitation, as applicable.

Key Points: 
  • Any waiver of a condition by the VICI Issuers with respect to an Exchange Offer will automatically waive such condition with respect to the corresponding Consent Solicitation, as applicable.
  • Any amendment of the terms of an Exchange Offer by the VICI Issuers will automatically amend such terms with respect to the corresponding Consent Solicitation unless expressly stated otherwise.
  • No accrued and unpaid interest is payable upon acceptance of any MGP Notes in the Exchange Offers and Consent Solicitations.
  • The complete terms and conditions of the Exchange Offers and Consent Solicitations are described in the offering memorandum, copies of which may be obtained by contacting D.F.

VICI Properties Inc. Announces Pricing of Public Offering of Common Stock

Retrieved on: 
Friday, September 10, 2021
Professional Services, Entertainment, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Casino, Gaming

VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company), an experiential asset real estate investment trust, today announced the pricing of an underwritten public offering of 100,000,000 shares of its common stock at a public offering price of $29.50 per share.

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company), an experiential asset real estate investment trust, today announced the pricing of an underwritten public offering of 100,000,000 shares of its common stock at a public offering price of $29.50 per share.
  • Morgan Stanley, Citigroup, J.P. Morgan and Goldman Sachs & Co. LLC are acting as joint book-running managers and as representatives of the underwriters in the offering.
  • BofA Securities, Deutsche Bank Securities, Barclays and Wells Fargo Securities are acting as bookrunners in the offering.
  • VICI Properties strategy is to create the nations highest quality and most productive experiential real estate portfolio.

VICI Properties Inc. Announces Public Offering of Common Stock

Retrieved on: 
Wednesday, September 8, 2021
REIT, Casino, Gaming, Commercial Building & Real Estate, Entertainment, Construction & Property

VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company), an experiential asset real estate investment trust, today announced it has commenced an underwritten public offering of 100,000,000 shares of its common stock.

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company), an experiential asset real estate investment trust, today announced it has commenced an underwritten public offering of 100,000,000 shares of its common stock.
  • The underwriters of the offering also expect to be granted a 30-day option to purchase up to 15,000,000 additional shares of the Companys common stock.
  • Morgan Stanley, Citigroup, J.P. Morgan and Goldman Sachs & Co. LLC are acting as joint book-running managers for the offering.
  • VICI Properties strategy is to create the nations highest quality and most productive experiential real estate portfolio.

VICI Properties Inc. Enters Into Lease Agreement with The Eastern Band of Cherokee Indians related to Caesars Southern Indiana

Retrieved on: 
Friday, September 3, 2021
Entertainment, Vacation, Other Travel, Other Construction & Property, Lodging, Commercial Building & Real Estate, Destinations, Construction & Property, Travel, General Entertainment, REIT, Casino, Gaming, EBCI, Acquisition, Restaurant, Caesars Southern Indiana, COVID-19, Electric Bond and Share Company v. Securities and Exchange Commission, Caesars Entertainment, CZR, Jack Entertainment, Security (finance), Las Vegas Strip, Golf, Chelsea Piers, Penn National Gaming, Company, Caesars Palace, Cherokee, Risk, In re Caremark International Inc. Derivative Litigation, Industry, Vici Properties, Consumer, Eastern Band of Cherokee Indians, NYSE, Real estate, Casino, VICI Properties, EBCI and EBCI Holdings, VICI PROPERTIES, EBCI AND EBCI HOLDINGS

VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company) announced today that, in connection with the Eastern Band of Cherokee Indians (EBCI) acquisition of the operations of Caesars Southern Indiana, the Company has entered into a triple-net lease agreement with EBCI Holdings, a subsidiary of EBCI, with respect to the real property associated with Caesars Southern Indiana.

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company) announced today that, in connection with the Eastern Band of Cherokee Indians (EBCI) acquisition of the operations of Caesars Southern Indiana, the Company has entered into a triple-net lease agreement with EBCI Holdings, a subsidiary of EBCI, with respect to the real property associated with Caesars Southern Indiana.
  • Annual base rent payments under the Companys Regional Master Lease with Caesars Entertainment, Inc. (NYSE: CZR) (Caesars) will be reduced by $32.5 million.
  • VICI Properties strategy is to create the nations highest quality and most productive experiential real estate portfolio.
  • The Eastern Band of Cherokee Indians is a federally recognized Tribe located in western North Carolina.

Chalkline Raises Series A Round to Fuel Growth for B2B Customer Acquisition & Retention Freeplay Platform

Retrieved on: 
Wednesday, August 25, 2021
Parlay, Industry, Lists of academic journals, Engineering, Acquisition, Jack Entertainment, Sport, B2B, CEO, Retention, Customer acquisition cost, Online gambling

NASHVILLE, Tenn., Aug. 25, 2021 /PRNewswire/ -- Chalkline, the B2B customer acquisition and retention platform for freeplay and real money games, announced today that it has closed $2.7 million in Series A funding.

Key Points: 
  • NASHVILLE, Tenn., Aug. 25, 2021 /PRNewswire/ -- Chalkline, the B2B customer acquisition and retention platform for freeplay and real money games, announced today that it has closed $2.7 million in Series A funding.
  • Greg Buonocore from Parlay Capital Holdings and Patrick Conroy joined the board of directors as part of the financing round.
  • Chalkline has won the EGR North America Awards for Sports Betting twice for innovation and excellence in the Customer Acquisition and Retention category for software suppliers.
  • Chalkline, formerly Chalkline Sports, is North America's leading independent provider of freeplay and real money games for operators and media companies.

Everi And JACK Entertainment Launch First Cashless Mobile Wallet In Northeast Ohio Gaming Market

Retrieved on: 
Tuesday, July 20, 2021
Rock Ventures, Cuyahoga County, Ohio, Ohio, Jack Thistledown Racino, Jack Entertainment, Cleveland, Digital wallet, Jack Cleveland Casino, Wallet

LAS VEGAS and CLEVELAND, July 20, 2021 /PRNewswire/ --Everi Holdings Inc. (NYSE: EVRI) ("Everi" or the "Company"), a premier provider of land-based and digital casino gaming content and products, financial technology, and player loyalty solutions, today announced the launch of JACK Mobile Wallet, a cashless mobile wallet at JACK Entertainment properties powered by Everi's digital CashClub Wallet technology.

Key Points: 
  • LAS VEGAS and CLEVELAND, July 20, 2021 /PRNewswire/ --Everi Holdings Inc. (NYSE: EVRI) ("Everi" or the "Company"), a premier provider of land-based and digital casino gaming content and products, financial technology, and player loyalty solutions, today announced the launch of JACK Mobile Wallet, a cashless mobile wallet at JACK Entertainment properties powered by Everi's digital CashClub Wallet technology.
  • Everi and JACK Entertainment havedeveloped a multi-phase implementation strategy for Everi's comprehensive digital wallet solution across JACK Thistledown and JACK Cleveland Casino that will continue to expand functionality of the mobile wallet technology at both properties as each phase obtains Ohio regulatory approval.
  • JACK Thistledown Racino recently installed the first commercial digital wallet implementation in a Northeast Ohio gaming facility, with an anticipated launch at JACK Cleveland Casino to follow, once approved by regulators.
  • "Powered by the industry-leading CashClub Wallet technology, JACK Mobile Wallet fulfills a collective goal of enabling JACK Entertainment's guests the choice of having a cashless, mobile experience," said Darren Simmons, Everi's Executive Vice President and FinTech Business Leader.

VICI Properties Inc. Enters Definitive Agreement with Eastern Band of Cherokee Indians related to Caesars Southern Indiana

Retrieved on: 
Thursday, December 24, 2020
Entertainment, Consumer, Commercial Building & Real Estate, Construction & Property, REIT, Casino, Gaming, Companies, Gambling, Entertainment, Caesars Entertainment Corporation, Caesars Entertainment, Vici Properties, Jack Entertainment, Caesars Southern Indiana, Park Place Entertainment, Vici, Penn National Gaming, Century Casinos

VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company) announced today that, in connection with the Eastern Band of Cherokee Indians (EBCI) agreement to acquire the operations of Caesars Southern Indiana from Caesars Entertainment, Inc. (NYSE: CZR) (Caesars), the Company has agreed to enter into a triple-net lease agreement with EBCI with respect to the real property associated with Caesars Southern Indiana.

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company) announced today that, in connection with the Eastern Band of Cherokee Indians (EBCI) agreement to acquire the operations of Caesars Southern Indiana from Caesars Entertainment, Inc. (NYSE: CZR) (Caesars), the Company has agreed to enter into a triple-net lease agreement with EBCI with respect to the real property associated with Caesars Southern Indiana.
  • Annual base rent payments under the Companys Regional Master Lease with Caesars will be reduced by $32.5 million upon completion of EBCIs acquisition of the operations of Caesars Southern Indiana and the execution of the lease between EBCI and VICI.
  • Its properties are leased to industry leading gaming and hospitality operators, including Caesars, Century Casinos, Hard Rock International, JACK Entertainment and Penn National Gaming.
  • VICI Properties strategy is to create the nations highest quality and most productive experiential real estate portfolio.

VICI Properties Inc. Provides $400 Million Mortgage Loan to Caesars Entertainment

Retrieved on: 
Friday, September 18, 2020
REIT, Casino, Gaming, Commercial Building & Real Estate, Entertainment, Construction & Property, Companies, Gambling, Entertainment, Caesars Entertainment Corporation, Vici Properties, Jack Entertainment, Vici, Caesars Palace, Caesars Entertainment, Inc., Penn National Gaming, Century Casinos, Eldorado Resorts

VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company), an experiential real estate investment trust, today announced it has provided a $400 million mortgage loan to a subsidiary of Caesars Entertainment, Inc. (NASDAQ: CZR) (Caesars) that is secured by the Caesars Forum Convention Center in Las Vegas, in accordance with the previously announced letter of intent (the LOI) entered into on June 15, 2020.

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company), an experiential real estate investment trust, today announced it has provided a $400 million mortgage loan to a subsidiary of Caesars Entertainment, Inc. (NASDAQ: CZR) (Caesars) that is secured by the Caesars Forum Convention Center in Las Vegas, in accordance with the previously announced letter of intent (the LOI) entered into on June 15, 2020.
  • The Caesars Forum Convention Center is subject to an amended Put/Call Agreement between Caesars and VICI, with VICIs call option being accelerated to 2025 in connection with the entry into the mortgage loan.
  • VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace.
  • Its properties are leased to industry leading gaming and hospitality operators, including Caesars, Century Casinos Inc., Hard Rock International, JACK Entertainment and Penn National Gaming.