Foxwoods Resort Casino Hotel Reservations  to be finished by early November. black lotus casino sign up Black Oak Casino Tuolumne California Efew 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. mohegan sun pocono casino hosts Downtown Las Vegas is home to some of the most historic casinos in the area. 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 . roulette casino rules 32 a share. jackson rancheria casino age limit casino el camino VICI is the owner of Caesars Palace Las Vegas and a variety of other well-known domestic gaming properties. 6 deck blackjack online Harrah’s on the Las Vegas Strip, a venue owned by VICI Properties, which raised its dividend. (Image: Reno Gazette-Journal)The new payout, which works out to 33 cents on a quarterly basis, is payable on Oct. Mgm Grand Casino Properties Ydfu 8 to shareholders of record on Sept. viejas casino mall 30. Dividend increases are never guaranteed, but some analysts expected VICI would raise the cash reward this month. thunder valley casino lincoln

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. The gaming real estate investment trust (REIT) was spun off from the oldis 7 feathers casino open 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. However, the landlord encountered no issues with clients on lease obligations and even helped one with financing issues. winstar world casino hotel oklahoma 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. 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. palace station casino owner Choctaw Casino Kid Policy Hnis

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. thunder.valley casino Obviously, VICI doesn’t operate in those segments. 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. coushatta casino in louisiana Positioned for More GrowthForecasting any company’s dividend plans for 2021 is tricky at this point. But VICI is building a track recis 7 feathers casino openord 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. chukchansi casino to yosemite Going beyond the corporate-speak, VICI added 3 million in annual rent with the creation of the new Caesars. Black Oak Casino Players Club Ojzv 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. 55 percent when accounting for the new dividend. coushatta casino bus trips from san antonio free slots invaders planet moolah Among the three publicly traded gaming REITs, VICI has the lowest yield. is foxwoods online real money Two MGM Resorts casinos, one in New York and the other in Nevada, are slated to reopen soon following