{"id":389462,"date":"2020-11-30T08:03:44","date_gmt":"2020-11-30T13:03:44","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=389462"},"modified":"2020-11-30T08:03:44","modified_gmt":"2020-11-30T13:03:44","slug":"vici-properties-announces-donation-of-bluegrass-downs","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/vici-properties-announces-donation-of-bluegrass-downs\/","title":{"rendered":"VICI Properties Announces Donation of Bluegrass Downs"},"content":{"rendered":"

<\/p>\n

VICI Properties Announces Donation of Bluegrass Downs<\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nVICI Properties Inc. (NYSE: VICI) (\u201cVICI Properties\u201d or the \u201cCompany\u201d) 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\u2019s lease agreements.\n<\/p>\n

\nJohn Payne, President and Chief Operating Officer of VICI Properties, said, \u201cVICI is glad to be able to make this donation, which will directly benefit the communities in Paducah and McCracken County.\u201d\n<\/p>\n

\nCraig Clymer, McCracken County Judge-Executive, said, \u201cWe 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.\u201d\n<\/p>\n

About VICI Properties<\/b><\/p>\n

\nVICI 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\u2019 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\u2019 strategy is to create the nation\u2019s highest quality and most productive experiential real estate portfolio. For additional information, please visit www.viciproperties.com<\/a>.\n<\/p>\n

Forward-Looking Statements<\/b><\/p>\n

\nThis 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 \u201canticipates,\u201d \u201cassumes,\u201d \u201cbelieves,\u201d \u201cestimates,\u201d \u201cexpects,\u201d \u201cguidance,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cprojects,\u201d 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\u2019s 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).\n<\/p>\n

\nAlthough 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\u2019s business, results of operations and financial position are described from time to time in the Company\u2019s Annual Report on Form 10-K for the year ended December 31, 2019, Quarterly Reports on Form 10-Q and the Company\u2019s 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.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201130005367\/en\/<\/a><\/span><\/p>\n

Investor Contacts:<\/b><\/p>\n

Investors@viciproperties.com
\n<\/a><\/span>
(646) 949-4631<\/p>\n

Or<\/p>\n

David Kieske
\n
EVP, Chief Financial Officer
\n
DKieske@viciproperties.com
\n<\/a>
<\/span>
Danny Valoy
\n
Vice President, Finance
\n
DValoy@viciproperties.com
\n<\/a><\/p>\n

Media Contacts:
\n
<\/b>PR@viciproperties.com
\n<\/a>
(646) 949-4631<\/p>\n

KEYWORDS:<\/b> Nevada New York Kentucky United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Banking Entertainment Professional Services Other Construction & Property Residential Building & Real Estate Lodging Destinations Construction & Property Travel Urban Planning Finance Casino\/Gaming<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

VICI Properties Announces Donation of Bluegrass Downs NEW YORK–(BUSINESS WIRE)– VICI Properties Inc. (NYSE: VICI) (\u201cVICI Properties\u201d or the \u201cCompany\u201d) 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\u2019s lease agreements. John Payne, President and Chief Operating Officer of VICI Properties, said, \u201cVICI is glad to be able to make this donation, which will directly benefit the communities in Paducah and … <\/p>\n

Continue reading “VICI Properties Announces Donation of Bluegrass Downs”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-389462","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nVICI Properties Announces Donation of Bluegrass Downs - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/vici-properties-announces-donation-of-bluegrass-downs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"VICI Properties Announces Donation of Bluegrass Downs - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"VICI Properties Announces Donation of Bluegrass Downs NEW YORK–(BUSINESS WIRE)– VICI Properties Inc. (NYSE: VICI) (\u201cVICI Properties\u201d or the \u201cCompany\u201d) 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\u2019s lease agreements. John Payne, President and Chief Operating Officer of VICI Properties, said, \u201cVICI is glad to be able to make this donation, which will directly benefit the communities in Paducah and … Continue reading "VICI Properties Announces Donation of Bluegrass Downs"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/vici-properties-announces-donation-of-bluegrass-downs\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-30T13:03:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20201130005367r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/vici-properties-announces-donation-of-bluegrass-downs\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/vici-properties-announces-donation-of-bluegrass-downs\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"VICI Properties Announces Donation of Bluegrass Downs\",\"datePublished\":\"2020-11-30T13:03:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/vici-properties-announces-donation-of-bluegrass-downs\\\/\"},\"wordCount\":712,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/vici-properties-announces-donation-of-bluegrass-downs\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20201130005367r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/vici-properties-announces-donation-of-bluegrass-downs\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/vici-properties-announces-donation-of-bluegrass-downs\\\/\",\"name\":\"VICI Properties Announces Donation of Bluegrass Downs - 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