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Tag Archives: VICI Properties

US – MGM Resorts announces transformational agreements with VICI and MGM Growth Properties

MGM Resorts International has announced it has entered into a definitive agreement with VICI Properties and MGM Growth Properties LLC whereby VICI would redeem a majority of MGP operating partnership units held by MGM Resorts for $43 per unit, or approximately $4.4bn in cash, and acquire 100% of the outstanding class A shares of MGP…

US – Caesars Entertainment and VICI Properties enter into $400m mortgage

Caesars Entertainment’s subsidiary’s has entered into a $400m mortgage with a subsidiary of VICI Properties, secured by the CAESARS FORUM Conference Center in Las Vegas. The five-year mortgage will initially bear interest at a rate of 7.7 per cent and will be pre-payable beginning in year three, subject to certain conditions (and may be prepaid…

US – VICI Properties completes fifth buy and lease back with Jack

The Caesars-owned VICI Properties has completed the previously announced transaction to acquire 100 per cent of the membership interests of two subsidiaries of JACK Ohio that own the casino-entitled land and real estate and related assets of JACK Cleveland Casino, located in downtown Cleveland, Ohio, and the racing and video lottery-authorised land and real estate…

US – Jack Entertainment to sell two casinos but continue to operate them

Jack Entertainment is selling Jack Cleveland Casino and Jack Thistledown Racino to VICI Properties for $843m, pending regulatory approval. VICI will simultaneously enter into a favourable triple-net leased fee agreement with Jack Entertainment who will continue to invest in and operate Jack Cleveland Casino and Jack Thistledown Racino under the same brand and identity the…

US – Hard Rock leases Jack Cincinnati Casino from Caesar’s spin-off VICI

Hard Rock International will leases and operate Jack Cincinnati Casino from Caesar’s spin-off VICI Properties, who bought the downtown casino for US$558m. While the casino will continue to operate under the current branding, Hard Rock Casino Cincinnati will rebrand and open in spring 2020. The property is situated on 22 acres in the Broadway Commons…

US – VICI and Century strike deal to take over three Eldorado casinos

VICI Properties is joining forces with Century Casinos to buy Isle Casino Cape Girardeau in Cape Girardeau, Missouri, Lady Luck Casino Caruthersville in Caruthersville, Missouri, and Mountaineer Casino, Racetrack & Resort in New Cumberland, West Virginia, from Eldorado Resorts for $385m. Following the deal, VICI Properties will acquire the land and real estate assets of…

US – Hard Rock and Caesars to jointly buy Jack Cincinnati

Caesars Entertainment, via its VICI Properties spin-off, is partnering with Hard Rock International to buy the Jack Cincinnati Casino and and Turfway Park for $780m. Through the joint purchase, Hard Rock will acquire the operating assets of the casino, rebranding it Hard Rock Casino Cincinnati, while VICI will own the land and real estate assets….