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live casino 15601VICI said that positive trend is continuing, as it’s collected all of owed July lease obligations.VICI remains our top idea of the gaming REITs, a space where we are bullish,” said Wolfe Research analyst Jared Shojaian.“We see attractive value and a path to multiple re-rating from gaming REIT convergence to the triple-net REIT average, improvement to its key tenant, Caesars and record low interest rates,” he continued.In late June, Shojaian initiated coverage of VICI with an “outpmorongo casino usa fanierform” rating. He maintains a price target of on the owner of several Harrah’s properties, implying an upside of 33.5 percent from Friday’s close.Neighborly SupportIn what is a rough climate for gaming companies, VICI is showing a willingness to work with tenants. (Image: Reno Gazette-Journal)The gaming real estate investment trust (REIT) said it collected 100 percent of rent in the June quarter — no small feat when considering US casinos were closed for all of April and many were shuttered for significant portions of May and June. el dorado casino reno parkingThat prompted one analyst to say the Caesars Palace owner exhibits “stability in the midst of uncertainty.” Owner VICI Properties — owner of Harrah’s on the Las Vegas Strip — is seen as a real estate star. That’s viewed as a major boost for Macau operators, because Guangdong is home to approximately 113 million residents, is the mainland province closest to Macau, and accounted for roughly half of entries to the SAR last year.More good news arrived later in the month when Beijing said it will resume issuing travel permits for mainland residents seeking entry to the gaming hub for academic, business, and family matters. But there was a clear, important catalyst for the incremental improvement in Macau last month.On July 15, Guangdong province eliminated its 14-day quarantine policy aimed at travelers arriving from the gaming center. poker tables las vegas casinos

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thunder valley casino resort united auburn indian community(Image: Reno Gazette-Journal)The gaming real estate investment trust (REIT) said it collected 100 percent of rent in the June quarter — no small feat when considering US casinos were closed for all of April and many were shuttered for significant portions of May and June. VICI Properties (NYSE:VICI) reported second-quarter results on Wednesday that narrowly beat Wall Street forecasts. That, coupled with an entire month of Guangdong being more open, could stoke an improvement in August GGR numbers.Analysts believe that over the next several months, there will steady, perhaps biweekly updates on the liberalization of travel controls, which could pave the way for more improvements in Macau’s downtrodden gaming industry.Travel OutlookThe reopening of travel from Hong Kong to Macau remains one of the biggest hurdles for the region’s recovery efforts. chumba casino free sweeps 2021The benefit to VICI is that the lease on that property will be extended by five years, and starting in April 2022, the rent will go up by an “incremental” .8 million.Shojaian said the deal with JACK is another example of VICI exchanging “value for value,” and that could facilitate more growth down the road.Other Fringe BenefitsAlthough VICI owns Caesars Palace and Harrah’s on the Las Vegas Strip — an area that’s struggling mightily because of the coronavirus pandemic — the largest US gaming center accounts for just 30 percent of the real estate firm’s annual rental incomemorongo casino usa fani, a favorable trait in today’s challenging climate.Shojaian noted that VICI’s payout ratio based on a run-rate of acquired funds from operations (AFFO) is 64 percent, well below the 80 percent average on its peers. 7.As for resumption of IVS visas, that forecast is murkier, with Beijing giving no indications about the near-term fate of the program. When Beijing will resume issuing individual visit scheme (IVS) permits is another factor.After Guangdong, Hong Kong is the second-largest feeder market to Macau. borgata casino event center atlantic city nj

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brian christopher slots moviesThat prompted one analyst to say the Caesars Palace owner exhibits “stability in the midst of uncertainty.” Owner VICI Properties — owner of Harrah’s on the Las Vegas Strip — is seen as a real estate star. bers isn’t difficult. (Image: Reno Gazette-Journal)The gaming real estate investment trust (REIT) said it collected 100 percent of rent in the June quarter — no small feat when considering US casinos were closed for all of April and many were shuttered for significant portions of May and June. The buyer subsequently took the seller’s name.VICI’s benevolence didn’t end there. The REIT struck a deal with JACK Entertainment whereby it will spend million to refurbish the patio area at JACK Thistledown Racino in Ohio. That could put a dividend increase on the table next month, according to the analyst. bicycle casino poker games