VICI Properties Inc. Announces Agreement to Provide Capital Through Its Partner Property Growth Fund for Century Casinos’ Expansion
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Monday, December 5, 2022
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VICI Properties Inc. (NYSE: VICI) (the Company or VICI or VICI Properties) announced today that it will utilize its Partner Property Growth Fund to provide capital for an exciting expansion project for Century Casinos, Inc. (NASDAQ: CNTY) (Century or Century Casinos).
Key Points:
- VICI Properties Inc. (NYSE: VICI) (the Company or VICI or VICI Properties) announced today that it will utilize its Partner Property Growth Fund to provide capital for an exciting expansion project for Century Casinos, Inc. (NASDAQ: CNTY) (Century or Century Casinos).
- The project consists of a new land-based casino with an adjacent 38-room hotel tower at Century Casino Caruthersville, located in Caruthersville, Missouri.
- John Payne, President and Chief Operating Officer of VICI Properties, said, We are very excited to continue to grow our partnership with Century by funding this expansion project through our Partner Property Growth Fund.
- Since we jointly acquired three regional assets in 2019, the Century team has significantly enhanced performance at the properties by fine-tuning operations and focusing intently on customer satisfaction.