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VICI $VICI (-1,75 %) concludes agreement with Indigenous gaming partners through PURE Canadian Gaming

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VICI Properties Inc. announced today that in connection with the acquisition of the operating assets of PURE Canadian Gaming Corp. by an affiliate of IGP, it has entered into an amendment to the master lease agreement with PURE and agreed to the assignment to an affiliate of Indigenous Gaming Partners Inc. ("IGP").


IGP is a partnership of five institutional First Nations formed to acquire gaming assets in North America. IGP has partnered with Sonco Gaming, one of Canada's most experienced casino developers and managers, who will assist in the sourcing and execution of casino gaming investments as well as management oversight of the IGP portfolio.


Danny Valoy, Vice President of Business Development and Acquisitions, said, "This transaction demonstrates VICI's ability to work with existing partners while building new relationships with highly experienced operators and First Nations in international jurisdictions. We are pleased to welcome IGP as a new partner and we look forward to expanding our relationship with IGP and Sonco as they pursue additional growth opportunities in the future."


Anthony Novac, CEO of Sonco, said: "We look forward to working with VICI, an established partner in providing financial solutions to the gaming industry. We believe that having a partner like VICI gives us a competitive advantage as we look for growth opportunities in the Canadian market."


In connection with the closing of the amendment to PURE's Canadian master lease, VICI received a five-year right of first offer ("ROFO") for future sale and leaseback transactions. Any additional properties acquired pursuant to the ROFO will be included in the master lease.

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11 Commentaires

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Thank you! I've been interested all along and have just added a few shares to my portfolio. The dividend here is really particularly lucrative.
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@max233 not only the dividend, but also that Vici will continue to generate growth in the coming years.
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@SAUgut77 How much are you invested in, if you don't mind me asking?
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@max233 I also believe that they will increase. I threw in a little over €4,000 about a month ago
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When I think of the share, I always immediately think of @Simpson
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@Michael-official he has liquidated everything 😅
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@SAUgut77 I got back in with Vici 😂
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@Simpson but you kept that from us 🫠🤣 ...welcome back anyway 👍
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@SAUgut77 Thank you💪😁 thought everyone was in a crypto frenzy when they were interested in a dividend share 😂
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@Simpson so with my boring Dividepot I beat the World, the All World and can keep up with an S&P, who cares, unless you bought Bitcoin years ago 😉😂
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I also added 100 shares to my portfolio and sold a call (strike 32.5) and a put (strike 30) at the same time. If the price falls below $30, I get another 100 shares at a very favorable price; if the price rises above $32.50, my 100 shares leave the portfolio again at a small profit. And the nice dividend at the beginning of January is not to be sneezed at either.
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