vici properties
VICI Properties Inc. Completes Acquisition of Four Properties in Alberta, Canada in Sale-Leaseback Transaction With Century Casinos, Inc.
VICI Properties | September 7, 2023
Expands Partnership with Century Casinos, Inc. by Adding Four Additional Assets to Existing Master Lease NEW YORK — 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 the real estate assets of Century Casino & Hotel Edmonton, Century Casino St. Albert and Century Mile Racetrack and Casino, each in Edmonton, Alberta and Century Downs Racetrack and Casino in Calgary, Alberta, (collectively the “Century Canadian Portfolio”) from Century Casinos, Inc. (NASDAQ: CNTY)...
VICI Properties Inc. Completes Acquisition of Rocky Gap Casino Resort From Golden Entertainment for $260M
VICI Properties | July 26, 2023
Expands Partnership with Century Casinos, Inc. by Adding Fourth Asset to Existing Master Lease NEW YORK--July 26, 2023--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 an interest in the land and buildings associated with Rocky Gap Casino Resort (“Rocky Gap”), located in Flintstone, Maryland from Golden Entertainment, Inc. (NASDAQ: GDEN) for an aggregate purchase price of approximately $203.9 million in cash. The transaction was funded through a combination of cash on hand and pro...
Hard Rock Completes Acquisition of The Mirage Hotel & Casino From MGM for $1.075B
December 20, 2022
LAS VEGAS, Dec. 20, 2022 -- Hard Rock International (HRI) on Friday received regulatory approval from the Nevada Gaming Commission for its acquisition of The Mirage Hotel & Casino from MGM Resorts International. HRI assumed operations control of the property as of 6 a.m. Monday, December 19. Under terms of the transaction, HRI paid $1.075 billion in cash for the operating assets of The Mirage Hotel & Casino. HRI entered into a long-term lease agreement with VICI Properties Inc. for the real estate property of The Mirage. The 3,044-room casino resort will continue to operate as The Mirage Hotel & Ca...
VICI Properties to Acquire Remaining 49.9% Interest in MGM Grand Las Vegas and Mandalay Bay Joint Venture From Blackstone
Blackstone Real Estate Income Trust, Inc. (BREIT) | December 1, 2022
NEW YORK--Blackstone Real Estate Income Trust, Inc. (“BREIT”) and VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or “VICI”) announced jointly today that they have entered into a definitive agreement in which VICI, currently owner of a 50.1% interest in the joint venture that owns MGM Grand Las Vegas and Mandalay Bay Resort, will acquire BREIT’s 49.9% interest in the joint venture for cash consideration of approximately $1.27 billion and VICI’s assumption of BREIT’s pro-rata share of the existing property-level debt. The property-level debt has a principal balance of $3.0 billion, matures in 2032, and bears interest at ...
VICI Properties Inc. Invests in Great Wolf Lodge Gulf Coast Texas
VICI Properties | September 23, 2022
NEW YORK--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 532-room indoor water park resort was officially announced today during a groundbreaking event and is expected to start welcoming guests in mid-to-late 2024. The mezzanine loan has an initial term of 3 years with two 12-month extension options subject to certain conditions. The invest...
VICI Properties and Century Casinos to Acquire Rocky Gap Casino Resort From Golden Entertainment for $260M
Rocky Gap Casino Resort | August 25, 2022
NEW YORK--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. Pursuant to the transaction agreements, the Company will acquire an interest in the land and buildings associated with Rocky Gap for approximately $203.9 million, ...
MGM and VICI to Sell Operations of Gold Strike Tunica for $450 Million to Cherokee Nation Entertainment
MGM Resorts International | June 10, 2022
LAS VEGAS, June 10, 2022 -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today announced that it has reached an agreement to sell the operations of Gold Strike Tunica ("Gold Strike") to Cherokee Nation Entertainment Gaming Holdings, LLC ("CNE"), a subsidiary of Cherokee Nation Businesses, for $450 million in cash, subject to customary adjustments. "I want to thank all of our Gold Strike employees who have consistently delivered world-class gaming and entertainment experiences to our guests," said Bill Hornbuckle, CEO & President, MGM Resorts International. "Gold Strike is a wonderful property with a bright...
VICI Properties Inc. Completes $17.2 Billion Strategic Acquisition of MGM Growth Properties
VICI Properties Inc. | May 2, 2022
– Adds 15 Marquee Assets Expanding Real Estate Portfolio to 43 Class-A Properties – – Increases Annual Rent by Over $1.0 Billion – – Diversifies Tenant Base to Eight Best-In-Class Operators – – Closes on $5.0 Billion of Investment Grade Senior Unsecured Notes – – Settles the Exchange Offer and Consent Solicitation for Notes Originally Issued by MGP NEW YORK--May 2, 2022--VICI Properties Inc. (NYSE: VICI) (“VICI,” “VICI Properties” or the “Company”), an experiential real estate investment trust, today announced it has closed on the previously announced acquisition of MGM Growth Properties LLC (NYSE: MGP) ("MG...
