Scarlet Pearl Casino Biloxi al estate investment trust (REIT) said it collected 100 percent of rent in the June quarter — no small feat when considering US casinos were closed for all of April and many were shuttered for significant portions of May and June. VICI said that positive trend is continuing, as it’s collected all of owed July lease obligations. VICI remains our top idea of the gaming REITs, a space where we are bullish,” said Wolfe Research analyst Jared Shojaian. No Deposit Miami Club Casino Mhzk “We see attractive value and a path to multiple re-rating from gaming REIT convergence to the triple-net REIT average, improvement to its key tenant, Caesars and record low interest rates,” he continued. In late June, Shojaian initiated coverage of VICI with an “outperform” rating. He maintains a price target of on the owner of several Harrah’s properties, implying an upside of 33. 5 percent from Friday’s close. Angel Of The Winds Casino Reopening Date Imah Neighborly SupportIn what is a rough climate for gaming companies, VICI is showing a willingness to work with tenants. For example, in June, the real estate firm helped Caesars, then Eldorado Resorts, monetize the Caesars Forum Convention Center at Caesars Palace on the Las Vegas Strip. movie theater at sunset station casino

They did that while buying 23 acres of unused land on the Strip from the casino giant. Those deals were worth a combined 3. doubleu casino free slots 5 million and were pivotal in helping Eldorado complete its quest to acquire Caesars. choctaw casino logo The buyer subsequently took the seller’s name. VICI’s benevolence didn’t end there. The Rbovada casino oddsEIT struck a deal with JACK Entertainment whereby it will spend million to refurbish the patio area at JACK Thistledown Racino in Ohio. sycuan casino san diego ca is turtle lake casino closed due to coronavirus The benefit to VICI is that the lease on that property will be extended by five years, and starting in April 2022, the rent will go up by an “incremental” . fanduel casino ct Clearwater Casino Hr Phone Number Jyfz 8 million. Shojaian said the deal with JACK is another example of VICI exchanging “value for value,” and that could facilitate more growth down the road.

Key Insights and Expert Analysis

Other Fringe BenefitsAlthough VICI owns Caesars Palace and Harrah’s on the Las Vegas Strip — an area that’s struggling mightily because of the coronavirus pandemic — the largest US gaming center accounts for just 30 percent of the real estate firm’s annual rental income, a favorable trait in today’s challenging climate. free slots iphone Shojaian noted that VICI’s payout ratio based on a run-rate of acquired funds from operations (AFFO) is 64 percent, well below the 80 percent average on its peers. hallmark casino no deposit june 2019 That could put a dividend increase on the table next month, according to the analyst. firekeepers casino hotel championship The REIT last boosted its payout in September 2019. “If VICI increases the dividend prior to its 75 percent target ratio, then the yield would jump to 6. mgm grand casino las vegas phone number 4 percent,” said the analyst. angel of the winds casino breakfast “We find that to be attractive value, particularly against other alternatives and the risk-free rate. ” Amid a flurry of recently positive travel news, Macau is on the right track when it comes to gaming industry recovery from the coroanvirus pandembovada casino oddsic. But there’s still work to be done, and investors should brace for a steady stream of news over the coming months, according to investment bank Jefferies.

The Grand Lisboa in Macau. casino golden palace france Analysts expect news flow on travel restrictions will improve and be brisk over the near-term. Live Casino Dealer Jobs Ccfm (Image: Bloomberg)Earlier this month, Guangdong province scrapped its 14-day quarantine policy previously applied to travelers arriving from Macau. This week, it was reported that Chinese officials will resume issuing travel permits for mainland residents seeking entry to the gaming hub for academic, business, and family purposes. roulette casino doubler la mise mgm casino rules The visa news is widely viewed as a positive. fanduel casino down But Beijing continues holding off on lifting a freeze on individual visit scheme (IVS) permits — the pass that half of Chinese nationals use to online casino poker free