Tropicana Laughlin Casino Tower  to be finished by early November. On social media sites, critics have taken aim at the city for spending millions on the archway during an economic downturn brought by the COVID-19 pandemic. The city notes that the arches are employing 80 workers during the construction phase. The archway also is part of a beautification project to include new landscaping and trees. casino extreme party reynosa Downtown Las Vegas is home to some of the most historic casinos in the area. red stag casino bonus codes These include the El Cortez, briefly owned in the mid-1940s by Benjamin “Bugsy” Siegel and other mobsters. The El Cortez is still in operation. VICI Properties (NYSE:VICI) said Thursday it’s boosting its annual dividend 10.

9 percent to . 32 a share. VICI is the owner of Caesars Palace Las Vegas and a variety of other well-known domestic gaming properties. Harrah’s on the Las Vegas Strip, a venue owned by VICI Properties, which raised its dividend. doubledown casino slot online casino usa real money (Image: Reno Gazette-Journal)The new payout, which works out to 33 cents on a quarterly basis, is payable on Oct. free slot games big red 8 to shareholders of record on Sept. Seminole Nation Casino Jobs Ushk 30. Drake Casino Com Swir Denmark Dividend increases are never guaranteed, but some analysts expected VICI would raise the cash reward this month.

Key Insights and Expert Analysis

This nearly 11 percent increase is well-supported by the growth in our acquired funds from operations (AFFO) from the recently closed transactions, and cash rent collection track record,” said VICI CFO David Kieske in a statement. little river casino app The gaming real estate investment trust (REIT) was spun off from the oldno deposit bonus casino india 2021 version of Caesars Entertainment in October 2017, and with today’s dividend news, its payout increase streak is now three years. Impressive FeatAs noted above, VICI’s ability to collect rent from its tenants is itself impressive, because domestic gaming properties were shuttered for three months — in some cases longer — earlier this year because of the coronavirus pandemic. winstar world casino dreb code However, the landlord encountered no issues with clients on lease obligations and even helped one with financing issues. The new Caesars is VICI’s largest tenant by way of the real estate company’s relationship with its former parent and the old Eldorado Resorts, the operator that bought Caesars. Penn National Gaming is VICI’s other marquee client. call lucky dragon river spirit casino and hotel The REIT’s dividend increase is notable for other reasons. First, every US-based gaming operator that had a cash payout prior to the COVID-19 pandemic either cut or suspended those distributions to conserve cash. Aliante Casino In Las Vegas Dozr

Second, the real estate sector is one of the epicenters of dividend duress this year, as REITs are being punished by retail store closures and abandoned office space. poker casino app Obviously, VICI doesn’t operate in those segments. free caesars casino coins jamul casino ev charging As such, the owner of the property assets of several Horseshoe casinos is outperforming the MSCI US Investable Market Real Estate 25/50 Index by 600 basis points year-to-date. Positioned for More GrowthForecasting any company’s dividend plans for 2021 is tricky at this point. But VICI is building a track recno deposit bonus casino india 2021ord of steady growth. “We will continue to maintain a prudent approach to capital allocation and strive to reward shareholders through accretive growth and attractive total return,” said Kieske. Going beyond the corporate-speak, VICI added 3 million in annual rent with the creation of the new Caesars. big fish casino download pc With less than a third of its lease revenue derived from the still-sluggish Las Vegas Strip, the REIT has a lower risk profile.

That potentially ensures its enviable record of rent collection can continue even if the US economy staggers. Based on Thursday’s close at . 75, VICI yields 5. riversweeps casino 55 percent when accounting for the new dividend. free online slots jack and the beanstalk Thunder Valley Casino Reopen Update Acht Among the three publicly traded gaming REITs, VICI has the lowest yield. Two MGM Resorts casinos, one in New York and the other in Nevada, are slated to reopen angel of the winds casino gift card