Dividends
On December 10, 2020, the Company declared a regular quarterly cash dividend of $0.33 per share, representing a 10.9% increase year over year. The Q4 2020 dividend was paid on January 7, 2021 to stockholders of record as of the close of business on December 23, 2020 and it totaled in aggregate approximately $177.0 million.
2021 Guidance
The Company is providing estimated AFFO guidance for the full year 2021. The Company estimates AFFO for the year ending December 31, 2021 will be between $1,010.0 million and $1,035.0 million, or between $1.82 and $1.87 per diluted share. These per share estimates reflect the dilutive impact of the pending 26,900,000 forward sale shares, assuming settlement and the issuance of such shares on June 17, 2021, the maturity date of the agreement, and the dilutive effect prior to the expected settlement date as calculated under the treasury stock method. These estimates do not include the impact on operating results from any pending or possible
Caesars Sells Southern Indiana Casino to Cherokee Tribe in $250M Deal December 25, 2020, 6:16 am ·
Casino giant Caesars Entertainment Inc. has agreed to sell its Caesars Southern Indiana casino to the Eastern Band of Cherokee Indians (EBCI) for $250 million, news emerged Thursday.
The Southern Indiana property is being sold to the tribal operation a year after Caesars completed its $90 million renovation and expansion.
Caesars Southern Indiana is Caesars’ second property in the Hoosier State the company has agreed to sell this year. The casino giant announced in October that it had entered into an agreement to
offload Tropicana Evansville to Bally’s Corporation. That deal is expected to close by mid-2021.
VICI Properties Inc. Enters Definitive Agreement with Eastern Band of Cherokee Indians related to Caesars Southern Indiana NEW YORK (Business Wire) VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or the “Company”) announced today that, in connection with the Eastern Band of Cherokee Indians’ (“EBCI”) agreement to acquire the operations of Caesars Southern Indiana from Caesars Entertainment, Inc. (NYSE: CZR) (“Caesars”), the Company has agreed to enter into a triple-net lease agreement with EBCI with respect to the real property associated with Caesars Southern Indiana. In addition, as part of this transaction, the parties have agreed to negotiate a right of first refusal (“ROFR”) for VICI Properties on the real property associated with the development of a new casino resort in Danville, Virginia.
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RENO, Nev. and LAS VEGAS, Dec. 24, 2020 /PRNewswire/ Caesars Entertainment, Inc. (NASDAQ: CZR) ( Caesars or CZR ) today announced a definitive agreement to sell the operations of Caesars Southern Indiana to the Eastern Band of Cherokee Indians ( EBCI ) for $250 million, subject to customary purchase price adjustments. In addition, at the closing of the transaction, EBCI will enter into a new lease with year one annual rent payments of $32.5 million with VICI Properties Inc. (NYSE: VICI) ( VICI Properties ), who maintains ownership of the real estate of the property. As a result of this transaction, Caesars annual payments to VICI Properties under the Regional Master Lease will decline by $32.5 million upon closing of the transaction.
Native American tribe purchases Caesars Southern Indiana for $250 million Share Updated: 6:23 PM EST Dec 24, 2020 Louisville Business First Share Updated: 6:23 PM EST Dec 24, 2020
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Show Transcript HE WILL HAVE HIS VOTING RIGHTS RESTORED, SOMETHING HE SAYS HE IS PROUD OF. A LOCAL CASINO WILL SOON BE UNDER NEW OWNERSHIP. TODAY, CAESAR’S ANNOUNCED IT’S SELLING ITS SOUTHERN INDIANA CASINO FOR A QU$ARTER MILLION TO THE EASTERN BAND OF CHEROKEE INDIANS. AS PART OF THE AGREEMENT, THE CASINO WILL KEEP THE CAESAR’S NAME. THIS COMES ABOUT A YEAR AFTER GAMING OPERATIONS MOVED OFF THE DECADES OLD RIVER BOAT INTO A 90 MILLION DOLLAR LAND-BASED FACILITY. CAESAR’S WAS REQUIRED TO SELL 3 OF ITS 5 INDIANA CASINOS AFTER EL DORADO RESORTS TOOK OVER THE COMPANY EARLIER THIS Y