Latest news with #VICIProperties
Travel Weekly
3 days ago
- Business
- Travel Weekly
Venetian Las Vegas puts hidden spaces to work
For years, the Venetian Resort Las Vegas had been hiding a secret behind the windows of the top floor of one of its two towers. That entire floor, comprising nearly 80,000 square feet atop the Venetian South Tower, had remained a concrete shell since 2004, part of nearly 500,000 square feet of prime Strip real estate that was sitting empty. Some areas had remained untouched since the resort opened just over 25 years ago. That all changed after Las Vegas Sands sold the property to Apollo Global Management and VICI Properties for $6.25 billion in early 2022, with the Venetian unveiling a multiyear, $1.5 billion reinvestment project soon after. Patrick Nichols, who joined the Venetian as CEO in August 2022, helped spearhead efforts to finally put the property's vacant space to use. Patrick Nichols "We benefited from almost half a million square feet of 'gray space' with concrete floors, stud walls, all ready to go," Nichols said. The empty space at the top of the Venetian South Tower has been transformed into "spectacular, penthouse-caliber suites" that are group-friendly, said Nichols. "These three- and four-bedroom suites are great to book for a birthday party, bachelor party," he said. "And if someone accidentally sprays a bottle of champagne on the ceiling, it's not the end of the world. We heard from our customers that they wanted a spot for celebrations." One of the new suites added to the top of the Venetian South Tower. Photo Credit: Venetian Resort Las Vegas The expansion added 78 suites to the property, bringing the resort's total accommodations count to 7,167. Other gray spaces were transformed into part of the resort's dining program. The culinary expansion has resulted in what Nichols claims is the largest restaurant collection of any similar resort-gaming complex in Las Vegas, with more than 40 dining establishments now operating with more in the pipeline. "Food and beverage has become more and more important every year," Nichols said. "People don't just plan their trips around where to stay but also where to eat." Many of the new culinary additions represent extensions of established brands. These include an outpost of Gjelina, a Venice Beach staple with locations in California and New York, and HaSalon, a Mediterranean concept from Israeli celebrity chef Eyal Shani that has a New York flagship. The bar and dining area at Gjelina Las Vegas. Photo Credit: Venetian Resort Las Vegas The centerpiece of the Venetian's culinary expansion, however, is its new Via Via food hall, which Nichols describes as "a collection of great quick-service concepts from around the country." Via Via is home to spinoffs of venues like Scarr's Pizza and Ivan Ramen from New York, Molly's Rise and Shine from New Orleans and B.S. Taqueria from Los Angeles, among other cult favorites. Also among the property's more recent newcomers is Nomikai, a counter-service operation specializing in Tokyo-inspired handrolls, which Nichols said is especially "great for people at conventions grabbing a bite between meetings." Still to come this fall are two high-profile additions: Michelin-starred Korean barbecue joint Cote and Bazaar Meat, a Spanish steakhouse from Jose Andres that previously operated at the Sahara Las Vegas. The property has also added entertainment venues, including Voltaire, a 1,000-seat theater featuring cabaret-style seating where guests can see A-list performers like Kylie Minogue and Christina Aguilera in an intimate, art deco setting. Why did the space sit empty? Why hadn't the property's previous ownership opted to develop these unfinished areas? Nichols said it was a classic case of decision paralysis. "The response from them was, there were just too many options," Nichols said. "And we ran into the same thing -- lots of options, but we made some decisions." The reinvestment project wasn't limited to filling empty spaces. It also encompassed comprehensive renovations of existing areas, with the Venetian South Tower's 1,000 suites completing a refresh at the end of last year. The North Tower's 3,000 suites are currently under renovation and are expected to be completed by year's end. "The rooms keep the Italian spirit and the Italian architecture -- the crown moldings, the ornate details -- but with a more contemporary flair when it comes to the furnishings and décor," Nichols said. A newly renovated suite in the Venetian South Tower. Photo Credit: Venetian Resort Las Vegas Additionally, the property's convention center, which Nichols said typically serves about a third of the resort's visitors, received its first major redesign. The overhaul included new digital technology and lighting systems throughout the meetings spaces. On the gaming side, the renovation included the addition of the Yahoo Sportsbook as well as a refresh of the main casino floor. The comprehensive approach reflects Nichols' vision for creating an all-encompassing destination that keeps guests on the property longer during their Vegas visits. "We're in a battle for guest time," he said. "People come for two days, three days, and the goal is to build a very sticky mousetrap, where there's no reason to leave -- you can get everything you need at the Venetian."
Yahoo
6 days ago
- Business
- Yahoo
A Closer Look at VICI Properties' Dividend for Income Investors
VICI Properties Inc. (NYSE:VICI) is one of the Best REIT Dividend Stocks to Buy in 2025. A business executive in a sharp suit shaking hands on a real estate deal. Formed in 2017 from Caesars Entertainment's bankruptcy, the company has rapidly expanded through casino acquisitions, a major merger, and diversification into experiential real estate. Its inflation-linked, triple-net leases provide stable, growing rental income. VICI Properties Inc. (NYSE:VICI) is a strong dividend payer and maintains a healthy dividend payout ratio of around 75%. It has a strong investment-grade balance sheet, with leverage below 5.5 times. This financial strength allows it to keep expanding its portfolio, not just through acquisitions but also by funding partners' property upgrades and developments, generating reliable income in the process. Since going public, VICI Properties Inc. (NYSE:VICI) has raised its dividend every year, marking its seventh consecutive increase in late 2024. Its payout growth has outpaced peers, averaging 7% annually since 2018 versus the sector average of 2%. With solid financials and plenty of growth potential, Vici is well-positioned to keep growing its high-yield dividend. VICI Properties Inc. (NYSE:VICI) pays a quarterly dividend of $0.4325 per share and has a dividend yield of 5.27%, as of June 23. While we acknowledge the potential of VICI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure. None. Sign in to access your portfolio
Yahoo
6 days ago
- Business
- Yahoo
Should You Invest in VICI Properties (VICI) Based on Bullish Wall Street Views?
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about VICI Properties Inc. (VICI). VICI Properties currently has an average brokerage recommendation (ABR) of 1.32, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 22 brokerage firms. An ABR of 1.32 approximates between Strong Buy and Buy. Of the 22 recommendations that derive the current ABR, 18 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 81.8% and 4.6% of all recommendations. Check price target & stock forecast for VICI Properties here>>> The ABR suggests buying VICI Properties, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation. Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations. This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements. Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision. In spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures. The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5. It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them. In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research. Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns. Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements. Looking at the earnings estimate revisions for VICI Properties, the Zacks Consensus Estimate for the current year has increased 0.2% over the past month to $2.35. Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #2 (Buy) for VICI Properties. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, the Buy-equivalent ABR for VICI Properties may serve as a useful guide for investors. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report VICI Properties Inc. (VICI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Business Wire
7 days ago
- Business
- Business Wire
VICI Properties Inc. Announces Release Date for Second Quarter 2025 Results
Conference Call and Webcast The conference call can be accessed by dialing +1 833-470-1428 (domestic) or +1 929-526-1599 (international) and entering the conference ID 232051. An audio replay of the conference call will be available from 1:00 p.m. ET on July 31, 2025 until midnight ET on August 7, 2025 and can be accessed by dialing +1 866-813-9403 (domestic) or +44 204-525-0658 (international) and entering the passcode 180961. A live audio webcast of the conference call will be available in listen-only mode through the 'Investors' section of the Company's website, on July 31, 2025, beginning at 10:00 a.m. ET. A replay of the webcast will be available shortly after the call on the Company's website and will continue for one year. About VICI Properties VICI Properties Inc. is an S&P 500 ® experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality, wellness, entertainment and leisure 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. VICI Properties owns 93 experiential assets across a geographically diverse portfolio consisting of 54 gaming properties and 39 other experiential properties across the United States and Canada. The portfolio is comprised of approximately 127 million square feet and features approximately 60,300 hotel rooms and over 500 restaurants, bars, nightclubs and sportsbooks. Its properties are occupied by industry-leading gaming, leisure and hospitality operators under long-term, triple-net lease agreements. VICI Properties has a growing array of real estate and financing partnerships with leading operators in other experiential sectors, including Cabot, Cain International, Canyon Ranch, Chelsea Piers, Great Wolf Resorts, Homefield, Kalahari Resorts and Lucky Strike Entertainment. VICI Properties also owns four championship golf courses and approximately 33 acres of undeveloped and underdeveloped land adjacent to the Las Vegas Strip. VICI Properties' goal is to create the highest quality and most productive experiential real estate portfolio through a strategy of partnering with the highest quality experiential place makers and operators. For additional information, please visit
Yahoo
24-06-2025
- Business
- Yahoo
Zacks.com featured highlights Agnico Eagle Mines, AptarGroup and VICI Properties
Chicago, IL – June 24, 2025 – The stocks in this week's article are Agnico Eagle Mines Ltd. AEM, AptarGroup, Inc. ATR and VICI Properties Inc. VICI. Earnings growth is essential for any organization, regardless of size, as profitability is vital for survival. To determine earnings, analyze a company's revenues over a specific period and subtract the production costs. Additionally, earnings significantly influence share prices, with earnings expectations playing a major role. On that note, Agnico Eagle Mines Ltd., AptarGroup, Inc. and VICI Properties Inc. are demonstrating impressive earnings growth. Frequently, we have seen a decline in stock prices despite earnings growth, followed by a rally in prices after an earnings decline. This is largely the result of a company's earnings failing to meet market expectations. Earnings estimates reflect analysts' views on factors such as sales growth, product demand, the competitive industry environment, profit margins and cost control. Consequently, earnings estimates are a valuable tool for making investment decisions. They also assist analysts in evaluating cash flow to determine a firm's fair value. Thus, investors should be on the lookout for stocks ready to make a big move. Hence, investors need to buy stocks with a history of earnings growth, and are seeing a rise in quarterly and annual earnings estimates. The above criteria narrowed the universe of around 7,839 stocks to only four. Here are the top three stocks: Agnico Eagle Mines Agnico Eagle Mines, a gold mining company, explores and produces gold, silver, zinc and copper. The company's expected earnings growth rate for the current year is 43%. AEM currently has a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. AptarGroup AptarGroup creates various solutions for pharmaceutical, beauty, personal care, home care, and food and beverage markets. The company's expected earnings growth rate for the current year is 4.1%. ATR at present has a Zacks Rank #1. VICI Properties VICI Properties, an S&P 500 real estate investment trust, owns top gaming and entertainment destinations like Caesars Palace, MGM Grand and the Venetian Resort in Las Vegas. The company's expected earnings growth rate for the current year is 4%. VICI presently has a Zacks Rank #2. You can sign up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge. The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out. Click here to sign up for a free trial to the Research Wizard today. For the rest of this Screen of the Week article please visit at: Follow us on Twitter: Join us on Facebook: Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Contact: Jim Giaquinto Company: Phone: 312-265-9268 Email: pr@ Visit: provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit for information about the performance numbers displayed in this press release. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agnico Eagle Mines Limited (AEM) : Free Stock Analysis Report AptarGroup, Inc. (ATR) : Free Stock Analysis Report VICI Properties Inc. (VICI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
