VICI Properties acquires four Canadian Gaming properties for US$200m

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westerninvestor.com

Reopening of venues drives casino revenue, investment

The former Cambridge Hotel and Conference Centre in Red Deer reopened Sept. 8 as the Red Deer Resort and Casino, marking yet another investment in the province's casino sector this year. The 241-room property was acquired two years ago from Temple Hotels Inc. by O'Chiese Hospitality Limited Partnership, a venture of the O'Chiese First Nation, with…

Industry ・ 21 September 2023

iGaming Business

Red Deer opens new land-based casino in Alberta

An extension of the original hotel, the new Jackpot Casino will allow customers to access a range of gambling options. On-site services include slot machines, table games and a poker room, stretched across 38000sq ft of gaming space. The new-look venue also has over 240 hotel rooms, meeting rooms, conference centre, dining rooms and a bar. The…

Land-based ・ 08 September 2023

Yogonet

Illinois: Gaming and Leisure Properties acquires Hard Rock Casino Rockford's land for $100 million

Gaming-focused real estate investment firm Gaming and Leisure Properties Inc. (GLPI) has acquired the land associated with the Hard Rock Casino development project in Rockford, Illinois from an affiliate of815 Entertainment for $100 million. 815 Entertainment is owned by Dan Fischer, the principal, along with a consortium of local investors…

Industry ・ 30 August 2023

Casino City Times

Century Casinos completes acquisition of Rocky Gap Casino

Industry ・ 27 July 2023

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Review Journal

Casino landlord Vici Properties’ top boss open to more deals in Las Vegas

Tourists who fill Las Vegas Boulevard's massive resorts to eat, gamble and party, never see the name Vici Properties. But the casino landlord rakes in a fortune from the Strip. New York-based Vici, the biggest property owner in Las Vegas' famed casino corridor, owns Caesars Palace, MGM Grand, Mandalay Bay, The Venetian, The Mirage and other huge…

Land-based ・ 18 April 2023

Recent Slot Releases

Gaming Americas Weekly Roundup

Welcome to our weekly roundup of American gambling news again! Here, we are going through the weekly highlights of the American gambling industry which include the latest news and new partnerships. Read on and get updated. Elys Game Technology Corp announced that the company's wholly owned subsidiary Elys Gameboard Technologies LLC received…

Industry ・ 17 January 2023

Yogonet

Las Vegas: VICI closes $1.3B acquisition of remaining MGM Grand, Mandalay Bay stake

Real estate investment trust VICI Properties has completed its buyout of MGM Grand and Mandalay Bay's real estate. The acquisition further cements the casino landlord's ownership of huge resorts along Las Vegas Boulevard. VICI, which already owned a 50.1% percent stake in the properties, announced Monday that it closed its purchase of the remaining…

Land-based ・ 15 January 2023

Casino Guru

VICI acquires four Canadian casinos from PURE Canadian Gaming

The leading experiential real estate investment trust that has a growing portfolio of gaming, hospitality and entertainment venues, VICI Properties, announced a new acquisition. The company said Monday it has agreed to acquire four gaming properties in Canada from PURE Canadian Gaming Corp. The acquisition with a price tag of CA$271.9m ($200.8…

Industry ・ 11 January 2023

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World Casino News

VICI Properties Completes Acquisition in Alberta

An experiential real estate investment trust, VICI Properties Inc, announced some major news - the company acquired the real estate assets of the biggest casinos in Alberta: two casinos in Edmonton, PURE Casino Edmonton, and PURE Casino Yellowhead, also the casino in Calgary, PURE Casino Calgary, and PURE Casino Lethbridge in Lethbridge. Those…

Industry ・ 10 January 2023

Gambling News

VICI Properties to Fund Century Casinos Caruthersville Expansion

Experiential real estate investment trust (REIT) VICI Properties announced plans to use its Partner Property Growth Fund and finance an expansion project for Century Casinos in Missouri. VICI Properties will provide the funds for a new land-based casino project at Century Casino Caruthersville, in Caruthersville, Missouri, comprising a casino and…

Industry ・ 20 December 2022

REBusiness Online

VICI Properties, Century Casinos Agree to Acquire Rocky Gap Casino Resort in Flintstone, Maryland for $260M

FLINTSTONE, MD. - New York City-based VICI Properties Inc. (NYSE: VICI) and Century Casinos Inc. (NASDAQ: CNTY) have entered into a definitive agreement to acquire the operations of Rocky Gap Casino Resort from Golden Entertainment Inc. for approximately $260 million. Rocky Gap is situated along Lake Habeeb in Flintstone, located in the western…

Travel ・ 26 August 2022

Yogonet

Maryland: Century Casinos to acquire the operations of Rocky Gap Casino for $56M

Century Casinos has entered into a definitive agreement to acquire the operations of Rocky Gap Casino Resort in Maryland from Lakes Maryland Development, the Colorado-based company announced Thursday. The business will be taking over the operations for approximately $56 million. The transaction is expected to close mid-2023, subject to regulatory…

Lottery ・ 25 August 2022

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Casino City Times

Century Casinos to acquire operations of Rocky Gap Casino Resort in Maryland

Travel ・ 25 August 2022

renx.ca

VICI acquires 4 PURE casinos in Alberta: $271.9M -RENX- Real Estate News Exchange

U.S.-based VICI Properties has acquired the real estate assets of four casinos and gaming facilities in Alberta from PURE Canadian Gaming for $271.9 million, the firm announced Monday morning. The facilities are the PURE Casino Edmonton, PURE Casino Yellowhead in Edmonton, PURE Casino Calgary, and PURE Casino Lethbridge. VICI has entered into a…

Land-based ・ 09 January 2023

The Street

Forget Caesars and MGM. The Las Vegas Strip Has a Secret Leader.

Las Vegas has a lot of big-name operators that grab the spotlight. Caesars Entertainment (CZR) - Get Caesars Entertainment Inc Report, for example, has its name splashed across its signature property, the massive Caesars Palace. It's not subtle, which makes sense given that the casino giant wants people to stay at its resorts, gamble in its casinos…

Land-based ・ 10 May 2022

Review Journal

Las Vegas casino landlord Vici Properties owns 660 acres

After completing more than $20 billion in deals recently, casino landlord Vici Properties now owns several hundred acres along the Strip, "the most economically productive street in the world," the firm said Thursday. Vici, whose real estate holdings on Las Vegas Boulevard include megaresorts MGM Grand, Caesars Palace and The Venetian, this…

Land-based ・ 04 January 2023

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VICI Properties: A High-Quality Casino REIT Stock (NYSE:VICI)

VICI Properties (NYSE: NYSE: VICI) is a leading gaming and hospitality REIT that owns and acquires casinos and hotels around the U.S. They own premier casinos like Caesars Palace, Harrah's, and Venetian and collect rent from the operators based on a triple net lease. Since VICI's formation, it has grown at a rapid pace, and they now hold an…

Land-based ・ 20 March 2022

iGaming Business

GLPI completes acquisition of Philadelphia and Pittsburgh Live! casino properties

The double purchase formed part of a wider deal agreed in December last year, which also included the acquisition of the Live! Casino & Hotel Maryland, though this purchase is yet to complete. GLPI funded the two acquisitions by assuming $423.0m in debt, which has already been repaid, and by issuing approximately $137.0m of operating partnership…

Industry ・ 03 March 2022

The Nevada Independent

How VICI Properties is quietly becoming landlord to the biggest casinos in Vegas

In the waning days of Caesars Entertainment's two-year bankruptcy reorganization, creditors struggled with a name for a new spin-off company taking ownership of 19 casinos that would control the land and lease the properties back to the operator. Consultants suggested Senatus Populusque Romanus, or SPQR, the term used for the government of ancient…

Travel ・ 23 November 2021

Smoky Mountain News

Indiana approves EBCI casino purchase

The Gaming Commission approved Caesars Entertainment's sale of Caesars Southern Indiana Casino & Hotel to EBCI Holdings LLC at an Aug. 18 business meeting, and closing is now expected to occur in September. "We are delighted to move forward with Caesars and expand our already successful portfolio," said R. Scott Barber, CEO of EBCI Holdings, the…

Gaming Authorities ・ 24 September 2021

Market Watch

Casino giant MGM Resorts sells $17.2 billion worth of land to a New York-based firm

LAS VEGAS (AP) - A New York-based real estate investment firm will emerge as the largest landholder on the Las Vegas Strip under a $17.2 billion property deal between landholding affiliates of casino giants Caesars Entertainment CZR, -2.92% and MGM Resorts International MGM, -0.74% . Combined, VICI Properties Inc. VICI, -0.63% will end up with…

Travel ・ 15 August 2021

AP News

Casino giant MGM Resorts selling land to New York-based firm

LAS VEGAS (AP) - A New York-based real estate investment firm will emerge as the largest landholder on the Las Vegas Strip under a $17.2 billion property deal between landholding affiliates of casino giants Caesars Entertainment and MGM Resorts International. Combined, VICI Properties Inc. will end up with properties in 15 states. MGM Resorts…

Travel ・ 04 September 2021