VICI Properties Completes Acquisition of Golden Entertainment Assets
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Source: seekingalpha
- Deal Finalization: VICI Properties officially completed the acquisition of Golden Entertainment's operating assets and seven casino real estate properties for $1.6 billion after approval from the Nevada Gaming Commission, marking a significant expansion in the gaming sector.
- Portfolio Enhancement: The acquisition enhances VICI's Las Vegas-area holdings, which now include iconic properties such as Caesars Palace, MGM Grand, and The Venetian Resort, solidifying its position as a premier experiential REIT platform.
- Market Trend Validation: Analysts highlight that Golden Entertainment's addition to VICI's tenant roster further validates the OpCo/PropCo structure as the dominant model in regional gaming, reflecting a positive trend in sale-leaseback transactions within the industry.
- Shareholder Value Increase: Wedbush Securities views the deal as incrementally positive for VICI while providing a clear value crystallization for Golden Entertainment shareholders, indicating strong market recognition of the transaction.
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Analyst Views on CZR
Wall Street analysts forecast CZR stock price to rise
12 Analyst Rating
6 Buy
6 Hold
0 Sell
Moderate Buy
Current: 28.100
Low
22.00
Averages
29.83
High
39.00
Current: 28.100
Low
22.00
Averages
29.83
High
39.00
About CZR
Caesars Entertainment, Inc. is a casino-entertainment company and a diversified gaming and hospitality provider. It operates primarily under the Caesars, Harrah's, Horseshoe, and Eldorado brand names. Its segments include Las Vegas, Regional, Caesars Digital, and Managed and Branded, in addition to Corporate and Other. It offers diversified gaming, entertainment and hospitality amenities, destinations, and a full suite of mobile and online gaming and sports betting experiences. It owns, leases or manages an aggregate of 52 domestic properties in 18 states. It also operates and conducts sports wagering across 34 jurisdictions in North America, 27 of which offer online sports betting, and operates iGaming in five jurisdictions in North America. It operates the Caesars Sportsbook app, the Caesars Racebook app, the Caesars Palace Online Casino app and the new Horseshoe Online Casino app. It offers various online casino games, including slots, table games, live dealer and video poker.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Analysis of High-Yield Dividend Stock Opportunities
- Overview of Vici Properties: As a premier gambling and entertainment REIT, Vici Properties owns 61 gambling locations and 39 non-gambling properties, leasing to 15 tenants while maintaining a 100% occupancy rate, showcasing its strong competitive position in the market.
- Stable Dividend Yield: Vici currently offers a dividend yield of 6.2%, having increased its dividend annually since going public in 2018, and is expected to maintain and raise dividend payments in the future, bolstering investor confidence.
- T. Rowe Price Business Growth: T. Rowe Price, a provider of investment services, manages $1.7 trillion in assets, with Q1 revenue increasing by 5.3% year-over-year, indicating robust growth potential in the financial services sector.
- Dividend King Prospects: With a dividend yield of 5% and a history of 40 consecutive years of dividend increases, T. Rowe Price is on track to achieve Dividend King status in the next decade, further solidifying its appeal as a long-term investment.
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Vici Properties and T. Rowe Price: Stable Dividend Yields
- Vici Properties Performance: Vici Properties, a leading gambling REIT, currently boasts a dividend yield of 6.2% and has consistently raised its dividends annually since going public in 2018, indicating strong cash flow and stable income generation.
- Financial Health: In Q1 2026, Vici's revenue grew 3.5% year-over-year to $1 billion, while adjusted funds from operations (AFFO) increased by 5.7%, suggesting the company can maintain and potentially increase its dividend payments in the future.
- T. Rowe Price Stability: T. Rowe Price has raised its dividend for 40 consecutive years since its inception in 1937, currently offering a 5% yield, with a payout ratio of 55%, positioning it to achieve Dividend King status in the next decade.
- Asset Management Scale: As of Q1 2026, T. Rowe Price manages $1.7 trillion in assets, with revenue increasing by 5.3% year-over-year to $1.85 billion and net operating income reaching $680.5 million, showcasing its strong market position and profitability.
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VICI Properties Completes Acquisition of Golden Entertainment Assets
- Deal Finalization: VICI Properties officially completed the acquisition of Golden Entertainment's operating assets and seven casino real estate properties for $1.6 billion after approval from the Nevada Gaming Commission, marking a significant expansion in the gaming sector.
- Portfolio Enhancement: The acquisition enhances VICI's Las Vegas-area holdings, which now include iconic properties such as Caesars Palace, MGM Grand, and The Venetian Resort, solidifying its position as a premier experiential REIT platform.
- Market Trend Validation: Analysts highlight that Golden Entertainment's addition to VICI's tenant roster further validates the OpCo/PropCo structure as the dominant model in regional gaming, reflecting a positive trend in sale-leaseback transactions within the industry.
- Shareholder Value Increase: Wedbush Securities views the deal as incrementally positive for VICI while providing a clear value crystallization for Golden Entertainment shareholders, indicating strong market recognition of the transaction.
See More
Kentucky Derby Absent from Prediction Markets
- Absence from Prediction Markets: Despite being the largest horse race in the U.S., the Kentucky Derby lacks event contracts on major prediction platforms like Kalshi and Polymarket, indicating a limited appeal of horse racing in prediction markets that could impact economic activities related to the event.
- Track Owners' Stance: Churchill Downs CEO Bill Carstanjen stated that horse racing is unlikely to appear on prediction markets as track owners are not interested in making deals with these platforms, potentially limiting the market expansion opportunities for horse racing.
- Legal Restrictions: Under the Interstate Horseracing Act of 1978, offering wagers on horse races requires explicit permission from track owners and state racing commissions, placing the prediction market industry at a legal disadvantage and restricting its growth.
- Kentucky Legislative Actions: Kentucky lawmakers have proposed legislation to ban any gambling licensees from offering predictions and suggested a 17.5% tax on prediction market fees, which could further suppress the development of prediction markets in the state.
See More
Kentucky Derby and Prediction Market Tensions
- Market Restrictions: Bill Carstanjen, CEO of Churchill Downs, stated that the Kentucky Derby will not appear on prediction platforms as track owners are unwilling to negotiate with them, thereby limiting the growth potential of prediction markets.
- Legal Barriers: Under the Interstate Horseracing Act of 1978, offering bets on horse racing requires explicit permission from track owners, horsemen's groups, and state racing commissions, creating legal obstacles for prediction markets in this sector.
- State Legislation: Kentucky lawmakers have proposed banning any of its gambling licensees from offering predictions and imposing a 17.5% tax on prediction market fees, further intensifying the tension between prediction markets and traditional horse racing betting.
- Betting Trends: Despite the restrictions on prediction markets, Churchill Downs has seen increased betting during Derby Week, and Caesars reported that the amount wagered on the Kentucky Derby is exceeding expectations, indicating that traditional betting remains popular.
See More
Las Vegas Gaming Win Rises 14.4% in March
- Gaming Win Growth: Las Vegas gaming win rose 14.4% year-over-year in March to $780 million, marking the second consecutive month of positive growth and indicating a robust market recovery.
- Statewide Performance: Nevada's overall gaming win increased 11.8% year-over-year in March to $1.43 billion, reflecting a rebound in consumer spending across the state, particularly driven by tourism and convention activities.
- Downtown Surge: Downtown Las Vegas casinos experienced a 20.8% increase in gaming win to $103.2 million, highlighting the area's growing appeal, likely attracting more visitors and local players.
- Segment Highlights: Baccarat gaming win soared 105%, while sportsbook revenue jumped 107%, indicating a significant rise in the popularity of high-stakes gaming and sports betting, further fueling overall revenue growth.
See More
Analysis of High-Yield Dividend Stock Opportunities
- Overview of Vici Properties: As a premier gambling and entertainment REIT, Vici Properties owns 61 gambling locations and 39 non-gambling properties, leasing to 15 tenants while maintaining a 100% occupancy rate, showcasing its strong competitive position in the market.
- Stable Dividend Yield: Vici currently offers a dividend yield of 6.2%, having increased its dividend annually since going public in 2018, and is expected to maintain and raise dividend payments in the future, bolstering investor confidence.
- T. Rowe Price Business Growth: T. Rowe Price, a provider of investment services, manages $1.7 trillion in assets, with Q1 revenue increasing by 5.3% year-over-year, indicating robust growth potential in the financial services sector.
- Dividend King Prospects: With a dividend yield of 5% and a history of 40 consecutive years of dividend increases, T. Rowe Price is on track to achieve Dividend King status in the next decade, further solidifying its appeal as a long-term investment.
See More
Vici Properties and T. Rowe Price: Stable Dividend Yields
- Vici Properties Performance: Vici Properties, a leading gambling REIT, currently boasts a dividend yield of 6.2% and has consistently raised its dividends annually since going public in 2018, indicating strong cash flow and stable income generation.
- Financial Health: In Q1 2026, Vici's revenue grew 3.5% year-over-year to $1 billion, while adjusted funds from operations (AFFO) increased by 5.7%, suggesting the company can maintain and potentially increase its dividend payments in the future.
- T. Rowe Price Stability: T. Rowe Price has raised its dividend for 40 consecutive years since its inception in 1937, currently offering a 5% yield, with a payout ratio of 55%, positioning it to achieve Dividend King status in the next decade.
- Asset Management Scale: As of Q1 2026, T. Rowe Price manages $1.7 trillion in assets, with revenue increasing by 5.3% year-over-year to $1.85 billion and net operating income reaching $680.5 million, showcasing its strong market position and profitability.
See More
VICI Properties Completes Acquisition of Golden Entertainment Assets
- Deal Finalization: VICI Properties officially completed the acquisition of Golden Entertainment's operating assets and seven casino real estate properties for $1.6 billion after approval from the Nevada Gaming Commission, marking a significant expansion in the gaming sector.
- Portfolio Enhancement: The acquisition enhances VICI's Las Vegas-area holdings, which now include iconic properties such as Caesars Palace, MGM Grand, and The Venetian Resort, solidifying its position as a premier experiential REIT platform.
- Market Trend Validation: Analysts highlight that Golden Entertainment's addition to VICI's tenant roster further validates the OpCo/PropCo structure as the dominant model in regional gaming, reflecting a positive trend in sale-leaseback transactions within the industry.
- Shareholder Value Increase: Wedbush Securities views the deal as incrementally positive for VICI while providing a clear value crystallization for Golden Entertainment shareholders, indicating strong market recognition of the transaction.
See More
Kentucky Derby Absent from Prediction Markets
- Absence from Prediction Markets: Despite being the largest horse race in the U.S., the Kentucky Derby lacks event contracts on major prediction platforms like Kalshi and Polymarket, indicating a limited appeal of horse racing in prediction markets that could impact economic activities related to the event.
- Track Owners' Stance: Churchill Downs CEO Bill Carstanjen stated that horse racing is unlikely to appear on prediction markets as track owners are not interested in making deals with these platforms, potentially limiting the market expansion opportunities for horse racing.
- Legal Restrictions: Under the Interstate Horseracing Act of 1978, offering wagers on horse races requires explicit permission from track owners and state racing commissions, placing the prediction market industry at a legal disadvantage and restricting its growth.
- Kentucky Legislative Actions: Kentucky lawmakers have proposed legislation to ban any gambling licensees from offering predictions and suggested a 17.5% tax on prediction market fees, which could further suppress the development of prediction markets in the state.
See More
Kentucky Derby and Prediction Market Tensions
- Market Restrictions: Bill Carstanjen, CEO of Churchill Downs, stated that the Kentucky Derby will not appear on prediction platforms as track owners are unwilling to negotiate with them, thereby limiting the growth potential of prediction markets.
- Legal Barriers: Under the Interstate Horseracing Act of 1978, offering bets on horse racing requires explicit permission from track owners, horsemen's groups, and state racing commissions, creating legal obstacles for prediction markets in this sector.
- State Legislation: Kentucky lawmakers have proposed banning any of its gambling licensees from offering predictions and imposing a 17.5% tax on prediction market fees, further intensifying the tension between prediction markets and traditional horse racing betting.
- Betting Trends: Despite the restrictions on prediction markets, Churchill Downs has seen increased betting during Derby Week, and Caesars reported that the amount wagered on the Kentucky Derby is exceeding expectations, indicating that traditional betting remains popular.
See More
Las Vegas Gaming Win Rises 14.4% in March
- Gaming Win Growth: Las Vegas gaming win rose 14.4% year-over-year in March to $780 million, marking the second consecutive month of positive growth and indicating a robust market recovery.
- Statewide Performance: Nevada's overall gaming win increased 11.8% year-over-year in March to $1.43 billion, reflecting a rebound in consumer spending across the state, particularly driven by tourism and convention activities.
- Downtown Surge: Downtown Las Vegas casinos experienced a 20.8% increase in gaming win to $103.2 million, highlighting the area's growing appeal, likely attracting more visitors and local players.
- Segment Highlights: Baccarat gaming win soared 105%, while sportsbook revenue jumped 107%, indicating a significant rise in the popularity of high-stakes gaming and sports betting, further fueling overall revenue growth.
See More
