Turtle Creek Casino Events 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. el dorado casino reno sportsbook VICI said that positive trend is continuing, as it’s collected all of owed July lease obligations. free casino slot games to play offline roulette casino app download VICI remains our top idea of the gaming REITs, a space where we are bullish,” said Wolfe Research analyst Jared Shojaian. wild horse pab casino phoenix arizona is hard rock casino buffet open Lake Tahoe Casinos Reopening Flpb “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. cool cat casino coupon codes 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. is coushatta casino on an indian reservation

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. They did that while buying 23 acres of unused land on the Strip from the casino giant. Those deals were worth a combined 3. 5 million and were pivotal in helping Eldorado complete its quest to acquire Caesars. The buyer subsequently took the seller’s name. VICI’s benevolence didn’t end there.

Key Insights and Expert Analysis

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. 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” . 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. Raging Bull Bonus Codes Jpbz 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. 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. what is draftkings promo code Dragon 88 Gold Slots Free Slot Casino Games Jeej That could put a dividend increase on the table next month, according to the analyst. online casino quick verification 5 Online Casino Bonus Gdlv

The REIT last boosted its payout in September 2019. gold coast casino email addreb captain jack casino.com “If VICI increases the dividend prior to its 75 percent target ratio, then the yield would jump to 6. 4 percent,” said the analyst. jamul casino lost and found “We find that to be attractive value, particularly against other alternatives and the risk-free rate. gold spike casino las vegas chris janson little river casino ” 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. harrah s cherokee casino resort expansion 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.

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