Seneca Niagara Casino Hotel e public’s support of the gaming question. free slots online 4u The poll found that 45 percent of respondents said they did not want a casino in Richmond. river spirit casino and resort Downstream Casino Buffet Reviews Itoq About 30 percent said they were in favor of the casino, and the other 25 remain undecided. Lucky Tiger No Deposit Bonus Codes Mqaq Urban One believes ONE Casino + Resort would create million annually in local tax revenue, employ 1,500 people full-time on an average annual salary of ,000, and feature a diverse workplace where 50 percent of the jobs are held by minorities. slot casino jackpot mania VICI Properties (NYSE:VICI) stock is off almost 10 percent over the past month. chukchansi casino reopening But that slide could present investors with an opportunity to get involved with shares of the casino landlord, according to one analyst. bicycle casino near me Shares of Caesars Palace, seen here, owner VICI Properties are slumping. valley forge casino free slot play

An analyst says it’s a buying opportunity. (Image: Getty Images)In a note to clients today, KeyBanc analyst Todd Thomas upgrades the gaming real estate investment trust (REIT) to “overweight” from “sector weight” with a price target. That implies upside of nearly 14 percent from the Oct. resorts casino catskills reviews 5 close. Figuring prominently in the stock’s recent weakness is a flood of new share issuance. Last month, VICI sold . locations of golden nugget casinos hard rock casino tulsa 18 years old 6 billion in equity to fund previously announced plans.

Key Insights and Expert Analysis

That dilutes current investors, but the selloff is facilitating “a very attractive entry point,” says Thomas. In March, the real estate company partnered with private equity firm Apollo Global Management (NYSE:APO) to acquire Venetibovada casino oddsan, Palazzo and Sands Expo and Convention Center from Las Vegas Sands (NYSE:LVS) for . new harrah s casino in nc 25 billion. Harrah S Casino Reno Lksw VICI is shelling out billion for the property assets. The gaming REIT is directing proceeds from the September share sale to finance that deal. VICI Stock Still AttractiveWhile VICI is mired in a slump, the Caesars Palace owner has a knack for savvy deal-making. turtle creek casino rewards Although it’s digesting multiple transactions today, it could remain a player for gaming and non-gaming real estate assets, according to KeyBanc’s Thomas.

While growth off a relatively larger [real estate] base makes it more difficult, VICI’s appetite remains healthy, with the investment landscape still ripe for both gaming and non-gaming investments in the United States and abroad,” said the analyst. As the recent sale of the Cosmopolitan confirms, appetite for Las Vegas gaming properties remains strong, and market observers expect that as the US gaming industry continues rebounding from the coronavirus pandemic, more regional casinos – of which VICI owns an extensive portfolio — could hit the market. In August, the gaming landlord said it’s acquiring rival MGM Growth Properties for . 2 billion in stock. The transaction created the largest owner of Las Vegas Strip casino real estate. VICI is taking on . 7 billion in MGP debt in that deal.

Future Upgrade for VICIVICI currently owns the property assets of 28 gaming venues with its tenant roster, including Caesars Entertainment, Centurybovada casino odds Casinos, and Penn National Gaming, among others. KeyBanc’s Thomas notes the gaming REIT is “en route to obtain an [investment grade] rating from S&P in the months ahead. ” That could be a catalyst for VICI stocks, because the landlord currently carries a “BB” rating — junk status — from S&P, though the outlook on that grade is “positive. ” An improved credit grade could lower VICI’s financing costs if it issues debt in the future. The stock yields 4. casino luigi sycuan casino zip code 99 percent, or more than double the dividend yield on the MSCI US Investable Market Real Estate 25/50 Index. Martha Stewart is rumored to be setting up a home in Las Vegas, and she’s inviting you to be her guest. online slots real money south africa

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