Welcome to our dedicated page for Vici Pptys news (Ticker: VICI), a resource for investors and traders seeking the latest updates and insights on Vici Pptys stock.
VICI Properties Inc. reports news on its real estate investment trust portfolio of gaming, hospitality, wellness, entertainment and leisure destinations in the United States and Canada. Company updates commonly cover acquisitions, sale-leaseback transactions, triple-net lease agreements, tenant relationships and amendments involving casino and resort real estate.
Recurring developments also include operating and financial results, capital-structure matters, governance updates and shareholder voting items. News involving VICI often centers on how newly acquired or re-leased properties fit within its portfolio of experiential real estate assets, including major gaming destinations and regional casino properties.
VICI Properties Inc. (NYSE: VICI) has announced the release date for its second quarter 2024 financial results. The company will publish these results on July 31, 2024, after the market closes. Following this, a conference call and audio webcast are scheduled for August 1, 2024, at 10:00 a.m. Eastern Time (ET). The domestic conference call can be accessed by dialing +1 833-470-1428, and the international call by dialing +1 929-526-1599, with the conference ID 896264. An audio replay will be available from August 1, 2024, at 1:00 p.m. ET until August 8, 2024, and can be accessed by dialing +1 866-813-9403 (domestic) or +44 204-525-0658 (international), with the passcode 762138. Additionally, a live audio webcast will be accessible via the 'Investors' section of VICI's website.
VICI Properties announced that its Board of Directors has declared a regular quarterly cash dividend of $0.415 per share for the period from April 1, 2024, to June 30, 2024.
The dividend will be payable on July 3, 2024, to stockholders who are on record as of June 18, 2024.
VICI Properties Inc. announced a $250 million mezzanine loan for Great Wolf Resorts, Inc., part of a $1.55 billion financing. The loan is collateralized by nine Great Wolf Lodge resorts, with various amenities. The Mezzanine Loan has an annual fixed rate and an initial term of two years with extension options. VICI has committed over $720 million to Great Wolf and aims to provide partner-oriented capital solutions.
PENN Entertainment, Inc. reported resilient property level performance and record online sports betting revenue for Q1 2024. The company hired Aaron LaBerge as CTO to drive technology strategy. Revenues totaled $1.6 billion, with a net loss of $114.9 million. The Northeast segment led in revenues, while the Interactive segment saw a loss. Total liquidity stood at $1.9 billion, with $903.6 million in cash.
VICI Properties Inc. reported significant growth in the first quarter of 2024, with 8.4% year-over-year revenue increase, $1.05 billion investment grade senior notes offering, and capital investment in the Venetian Resort. The company reaffirmed guidance for full year 2024, with strong financial highlights including revenue growth, increased net income, AFFO, and successful capital management efforts. CEO Edward Pitoniak expressed satisfaction and highlighted strategic investments in youth sports, debt and equity markets, as well as commitment to enhancing guest experience at The Venetian Resort.
VICI Properties Inc. announced an agreement to provide up to $700 million in capital to The Venetian Resort Las Vegas for various reinvestment projects through its Partner Property Growth Fund strategy. The investment will fund renovations, optimization of the gaming floor, and enhancement of entertainment and convention center facilities. The financing will be drawn in stages, with annual rent increases starting in 2024.
Summary not available.
Summary not available.
Summary not available.
Summary not available.