VICI Admits Caesars Regional Casinos Lease Has Been ‘Overhang’ (Casino.org)

•

Landlord admit issues with Caesars regional casino master lease are among factors weighing on its stock REIT mentions possibility of acquiring Caesars Convention Center on Las Vegas Strip Says its working with Caesars resolutions to regional lease concerns Shares of VICI Properties (NYSE: VICI) dropped 8.43% in October and are off 11.61% over the past 90 days. Concern within the investment community about the state of the property owner’s regional master lease agreement with Caesars Entertainment (NASDAQ: CZR) are among the reasons the real estate stock is faltering. The Caesars Forum convention center on the Las Vegas Strip. VICI Properties said there’s an opportunity to acquire that property. (Image: Network in Vegas) On the real estate investment trust’s (REIT) third-quarter earnings conference call, management admitted as much, though executives stopped short of blaming the stock’s recent weakness on issues stemming from the relationship with Caesars. We do think it’s a confluence of factors between, yes, this Caesars focus, but also…Read MoreCategory: Commercial Gaming, Financial, Mergers and Acquisitions, Real Estate, commercial gaming, mergers and acquisitions, real estateSource: Casino.org

•


Last articles