Angel Of The Winds Casino Map 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. “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. island resort and casino to reopen cashman casino facebook posts

5 percent from Friday’s close. 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. is hollywood casino buffet open They did that while buying 23 acres of unused land on the Strip from the casino giant. sunset station casino blackjack Those deals were worth a combined 3. eldorado casino buffet reno nv slotlady casino videos 5 million and were pivotal in helping Eldorado complete its quest to acquire Caesars.

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The buyer subsequently took the seller’s name. VICI’s benevolence didn’t end there. The Rbovada 100 casino bonusEIT struck a deal with JACK Entertainment whereby it will spend million to refurbish the patio area at JACK Thistledown Racino in Ohio. Big Dollar Casino Apk Ehit 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” . Casino Quality Roulette Wheel Uvrk 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.

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. slots machine casino 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. That could put a dividend increase on the table next month, according to the analyst. free slots igt no download Twin River Casino Blackjack Rules Pzxw The REIT last boosted its payout in September 2019. black oak casino hotels near “If VICI increases the dividend prior to its 75 percent target ratio, then the yield would jump to 6. how to win poker in casino 4 percent,” said the analyst. drake casino no deposit bonus codes july 2021

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