VICI Properties Announces Donation of Bluegrass Downs
30 Novembre 2020 - 2:00PM
Business Wire
VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or the
“Company”) announced that it has agreed to gift nearly 58 acres of
land that formerly housed the Bluegrass Downs Race Track, located
in Paducah, KY, to McCracken County. The land will be used as a
youth recreational sports complex for soccer, baseball and softball
to benefit roughly 1,200 children in the local area. Bluegrass
Downs ceased operations in October 2019. This transaction does not
impact any of the Company’s lease agreements.
John Payne, President and Chief Operating Officer of VICI
Properties, said, “VICI is glad to be able to make this donation,
which will directly benefit the communities in Paducah and
McCracken County.”
Craig Clymer, McCracken County Judge-Executive, said, “We are
delighted. The location is perfect for our needs. For decades, kids
have been playing soccer at the old landfill site. This gives us
the opportunity to dramatically improve our situation. We have
heard from so many parents about traveling on weekends to play in
other cities. Now we have a chance to attract others to McCracken
County. I wish to thank VICI for its generous contribution.”
About VICI Properties
VICI Properties is an experiential real estate investment trust
that owns one of the largest portfolios of market-leading gaming,
hospitality and entertainment destinations, including the
world-renowned Caesars Palace. VICI Properties’ national,
geographically diverse portfolio consists of 28 gaming facilities
comprising 47 million square feet and features approximately 18,000
hotel rooms and more than 200 restaurants, bars and nightclubs. Its
properties are leased to industry leading gaming and hospitality
operators, including Caesars, Century Casinos, Hard Rock
International, JACK Entertainment and Penn National Gaming. VICI
Properties also owns four championship golf courses and 34 acres of
undeveloped land adjacent to the Las Vegas Strip. VICI Properties’
strategy is to create the nation’s highest quality and most
productive experiential real estate portfolio. For additional
information, please visit www.viciproperties.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the federal securities laws. You can identify these
statements by our use of the words “anticipates,” “assumes,”
“believes,” “estimates,” “expects,” “guidance,” “intends,” “plans,”
“projects,” and similar expressions that do not relate to
historical matters. All statements other than statements of
historical fact are forward-looking statements. You should exercise
caution in interpreting and relying on forward-looking statements
because they involve known and unknown risks, uncertainties, and
other factors which are, in some cases, beyond the Company’s
control and could materially affect actual results, performance, or
achievements. Among those risks, uncertainties and other factors
are the impact of changes in general economic conditions, including
low consumer confidence, unemployment levels and depressed real
estate prices resulting from the severity and duration of any
downturn in the U.S. or global economy (including stemming from the
COVID-19 pandemic and changes in the economic conditions as a
result of the COVID-19 pandemic).
Although the Company believes that in making such
forward-looking statements its expectations are based upon
reasonable assumptions, such statements may be influenced by
factors that could cause actual outcomes and results to be
materially different from those projected. The Company cannot
assure you that the assumptions upon which these statements are
based will prove to have been correct. Additional important factors
that may affect the Company’s business, results of operations and
financial position are described from time to time in the Company’s
Annual Report on Form 10-K for the year ended December 31, 2019,
Quarterly Reports on Form 10-Q and the Company’s other filings with
the Securities and Exchange Commission. The Company does not
undertake any obligation to update or revise any forward-looking
statement, whether as a result of new information, future events,
or otherwise, except as may be required by applicable law.
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Investor Contacts:
Investors@viciproperties.com (646)
949-4631 Or David Kieske EVP, Chief Financial Officer DKieske@viciproperties.com Danny Valoy Vice
President, Finance DValoy@viciproperties.com Media Contacts:
PR@viciproperties.com (646) 949-4631
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