is an S&P 500® experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip. The tenant’s obligations under the Century Master Lease continue to be guaranteed by Century Casinos, Inc. (the “Century Master Lease”) and annualized rent increased by $15.5 million.Īdditionally, the term of the Century Master Lease was extended such that the lease has a full 15-year initial base lease term, with four 5-year tenant renewal options. Simultaneous with the closing of the transaction, Rocky Gap was added to the existing triple-net master lease agreement between VICI Properties and Century Casinos, Inc. The transaction was funded through a combination of cash on hand and proceeds from the partial settlement of forward equity sale agreements. (NASDAQ: GDEN) for an aggregate purchase price of approximately $203.9 million in cash. (NYSE: VICI) (“VICI Properties” or the “Company”) an experiential real estate investment trust, today announced it has completed the previously announced transaction to acquire an interest in the land and buildings associated with Rocky Gap Casino Resort (“Rocky Gap”), located in Flintstone, Maryland from Golden Entertainment, Inc. by Adding Fourth Asset to Existing Master Lease –

31.5%: The leverage ratio of the sector declined from 33.8% to 31.5% on an annual basis from 2019–2022.īelow is a list of Nareit member companies from the gaming sector.– Expands Partnership with Century Casinos, Inc.

$2.0 billion: The FFO of gaming REITs grew from $1.2 billion to $2.0 billion on an annual basis from 2019–2022.3.5%: Previously grouped with specialty REITs, the weight of gaming REITs in the All Equity REITs index grew from 1.7% at the end of 2019 to 3.5% as of July 31, 2023.(NYSE: VICI) and Gaming and Leisure Properties, Inc. The sector launched with two constituents, VICI Properties Inc. Real Estate Index Series, launching in June 2023, effective with the 2023: Q2 quarterly review.

Reflecting the growing importance of experiential real estate, the gaming sector owns some of the most iconic properties on the Las Vegas Strip and is the newest property sector in the FTSE Nareit U.S. Gaming REITs also own other experiential assets including water parks, golf courses, and other leisure and entertainment facilities.

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