VICI Properties Could Be 2024 Triple-Net Winner, Says Analyst

VICI Properties Could Be 2024 Triple-Net Winner, Says Analyst

 

Caesars asset sale
Caesars Palace on the Las Vegas Strip. Owner VICI Properties could be a winner among triple-net REIT stocks this year. (Image: CNN)

Amid soaring Treasury yields, triple-net real estate investment trusts (REITs), including casino REITs, stumbled last year, but VICI Properties (NYSE: VICI) could emerge as a winner from the group in 2024.

Read more

Minnesota Casino Winner Beaten, Robbed of $38K, Suspects Arrested

Minnesota Casino Winner Beaten, Robbed of $38K, Suspects Arrested

Three Minnesota men are facing several charges after they allegedly beat up and robbed an elderly casino winner in front of his home over the weekend.

Minnesota's Treasure Island Resort & Casino
Minnesota’s Treasure Island Resort & Casino is pictured above. A casino winner there later was robbed and beaten at his residence. (Image: Glassdoor)

The unnamed 67-year-old victim was kicked and punched as two of the suspects stole more than $38K early Sunday in the driveway of his Mahtomedi, Minn. residence, according to the St. Paul Pioneer Press.

Read more

The Bright Side Of The Dark World Of Casino Gambling

gambling machinesThe casino industry has a reputation for using devious and possibly dishonest tactics to get patrons to part with their hard-earned cash. Many mothers have long warned their children about the unrealistic promises made by casinos, and those who disobey them risk financial ruin. It can be risky to dance with the devil. However, the allure of wealth and indulgence is not the only factor contributing to casinos’ widespread popularity.

Read more

Jackpot: Las Vegas Player Wins $12.1M on Megabucks Slot

Jackpot: Las Vegas Player Wins $12.1M on Megabucks Slot

 

The Excalibur Hotel & Casino
A mystery player hit it big last week at the Excalibur Hotel & Casino in Las Vegas. The exact payout was $12,185,766.The Excalibur Hotel & Casino, pictured above. A player at the property won over $12M. (Image: Oyster.com)

The massive jackpot was won on Wednesday on a Megabucks Spitfire Multipliers Triple Red Hot 7s game, according to IGT Gaming. No details on the win were available—no word on how the lucky winner will spend the cash.

The win marks the fourth time a Megabucks machine paid out over $1M this year. It also was the second-largest Megabucks win in Nevada so far in 2023. It was the third million-dollar jackpot in the Las Vegas Valley, according to the Las Vegas Review-Journal.

Read more