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VICI Properties Annual Report 2020
VICI Properties Annual Report 2020 Form 10-K (NYSE:VICI) Published: February 20th, 2020 PDF generated by stocklight.com UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2019 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From ________ to _________ Commission file number: 000-55791 ________________________________________________ VICI PROPERTIES INC. (Exact name of registrant as specified in its charter) ________________________________________________ Maryland 81-4177147 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 535 Madison Avenue, 20th Floor New York, New York 10022 (Address of Principal Executive Offices) (Zip Code) Registrant’s telephone number, including area code: ( 646) 949-4631 SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT: Name of each exchange on which Title of each class Trading Symbol registered Common stock, $0.01 par value VICI New York Stock Exchange SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☒ No ☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. -
The Look of Casinos to Come China's Wild Lottery Ride Macau's VIP Rooms Firing Customers
Aug-Sep 2006 • MOP 30 The Look of Casinos to Come China’s Wild Lottery Ride Macau’s VIP Rooms Firing Customers Spoiled for Choice A new wave of gaming options hits Asia 6 PROVEN PERFORMERS ARISTOCRAT OFFERING 6 UNIQUE GAME PRODUCT CATEGORIES TO THE ASIAN MARKETS August-September 2006 Spoiled for Choice Page 7 ~ China’s Wild Lottery Ride Page 11 ~ Sands Macau’s7 High-Roller Push Page 12 ~ The Look11 of Casinos to Come Page 16 ~12 Macau 2Q Trends Page 22 ~ Macau’s16 VIP Market Structure Page 26 ~22 Firing Customers Page 28 ~ Tour of the Properties26 - Awash With Glamour Page 42 28~ Regional Briefs Aristocrat is proud to present the latest range of gaming products to the Asian Markets and your gaming floor. Page 44 ~ International Briefs Create the perfect balance and gaming mix from our Reel Power™, Multiline™ and 50 Line™ game varieties and 42 progress your players to the exciting world of links with Double Standalone Progresives™ ( DSAP). Aristocrat also offers the latest in Mystery Linked and Linked Progressive gaming packages with Xtreme Mystery solutions and Page 47 ~ Singapore’s Example44 for the Global Gaming Industry the patented Hyperlink™ product to the Asian Markets. 47 For further information please contact the Aristocrat (Macau) Office Telephone: +853 722 777 • Fax: +853 722 783 • Web: www.aristocratgaming.com © 2006 Aristocrat Technologies Australia Pty Limited. Aristocrat, it’s all in the game, game names and the Aristocrat logo are trade marks or registered trade marks of Aristocrat Technologies Australia Pty Limited. AS06AD02 AS06AD02-Game categories cover a1 1 20/7/06 10:01:45 AM IAG ad 7/25/06 4:01 PM Page 1 Editorial Global Vision. -
Table of Contents
Table of Contents Introduction ....................................................................1 1. Basic Strategy .................................................................5 2. How the Game Has Changed ....................................10 3. Choosing Your Count—The “KISS” Principle .........19 4. Psychological Profile of a Winning High-Stakes Player ......................................27 5. The High Roller ............................................................42 6. Your P&L Statement—Penetration and Longevity ..............................................................56 7. The Ultimate Gambit with Stanford Wong .............79 8. Crazy Surrender .........................................................105 9. For Green-Chip Players ............................................ 117 10. Blackjack Debates ......................................................135 11. Amazing and Amusing Incidents (All True) .........153 12. On Guises and Disguises ..........................................166 13. Psychological Aspects of the Game ........................178 Burning the taBles in las Vegas 14. Understanding Casino Thinking .............................198 15. Tips & Tipoffs .............................................................218 16. Managing Risk ...........................................................266 17. International Play ......................................................275 18. On Maintaining Physical and Mental Fitness .......291 19. Epilogue ......................................................................313 -
The Ultimate Counting Method
THE ULTIMATE COUNTING METHOD The total efficacy of a Blackjack count depends on its correlation with (1) the true advantage or disadvantage of the remaining cards in the deck(s) for betting purposes and (2) the playing efficiency that it provides. Unfortunately, a count that does (1) well does not do (2) as well, and vice versa.. I had started out with the simple HI-LO count (23456+1, TJQKA-1) but wanted to look for something better. Counts are described by how many “levels” they comprise. A count that gives all cards either a 0, 1, or -1 value is a “level 1" count, while one that gives 0, 1, -1, 2, or - 2 values to cards is a “level 2" count, and so on. The higher the level, the greater the betting accuracy but the more difficult the counting effort becomes. Examining the count analyses for both betting and play efficiency in The Theory of Blackjack by Peter Griffin I saw that Stanford Wong’s moderately difficult “Halves” count has a betting accuracy correlation of 0.99. In whole numbers Halves counts aces and ten-cards as -2; 9 as -1; 2 and 7 as +1; 3, 4, and 6 as +2, and 5 as +5. It is more convenient, however, to divide all these numbers by two when counting, hence the name “Halves.” HI-LO’s betting correlation is 0.89 according to Griffin, so Halves is a somewhat better system for betting. Looking at the playing efficiency of Halves, which is 0.58 according to Wong, it isn’t quite as good as the HI-LO count (0.59 according to Griffin). -
Vulnerabilities of Casinos and Gaming Sector
The Asia/Pacific Group on Money Laundering Financial Action Task Force Groupe d’action financière FATF Report Vulnerabilities of Casinos and Gaming Sector March 2009 2 - © 2009 FATF/OECD and APG THE FINANCIAL ACTION TASK FORCE (FATF) The Financial Action Task Force (FATF) is an independent inter-governmental body that develops and promotes policies to protect the global financial system against money laundering and terrorist financing. Recommendations issued by the FATF define criminal justice and regulatory measures that should be implemented to counter this problem. These Recommendations also include international co-operation and preventive measures to be taken by financial institutions and others such as casinos, real estate dealers, lawyers and accountants. The FATF Recommendations are recognised as the global anti-money laundering (AML) and counter-terrorist financing (CFT) standard. For more information about the FATF, please visit the website: WWW.FATF-GAFI.ORG ASIA PACIFIC GROUP ON MONEY LAUNDERING The Asia/Pacific Group on Money Laundering (APG) is an autonomous and collaborative international organisation founded in 1997 in Bangkok, Thailand consisting of 39 member jurisdictions and a number of international and regional observers. The member jurisdictions and observers of the APG are committed to the effective implementation and enforcement of internationally accepted standards against money laundering and the financing of terrorism, in particular the Forty Recommendations and Nine Special Recommendations on Terrorist Financing of the Financial Action Task Force (FATF). For more information about the APG, please visit the website: WWW.APGML.ORG © 2009 FATF/OECD and APG. All rights reserved No reproduction or translation of this publication may be made without prior written permission. -
VICI Properties Inc
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________ FORM 10-Q ________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to __________ Commission file number: 001-38372 _________________________ VICI Properties Inc. (Exact name of registrant as specified in its charter) __________________________ Maryland 81-4177147 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 535 Madison Avenue, 20th Floor New York, New York 10022 (Address of Principal Executive Offices) (Zip Code) Registrant’s telephone number, including area code: (646) 949-4631 __________________________ Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol Name of each exchange on which registered Common stock, $0.01 par value VICI New York Stock Exchange Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). -
VICI Investor Presentation
INVESTOR PRESENTATION DISCLAIMERS Forward Looking Statements Certain statements in this presentation and that may be made in meetings are forward-looking statements. Forward-looking statements are based on VICI Properties Inc.’s (“VICI” or the “Company”) current plans, expectations and projections about future events and are not guarantees of future performance. These statements can be identified by the fact that they do not relate to strictly historical and current facts and by the use of the words such as "expects", "plans", "opportunities" and similar words and variations thereof. Although the Company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, its actual results, performance and achievements could differ materially from those expressed in or by the forward-looking statements and may be affected by a variety of risks and other factors including, among others: 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 economic conditions as a result of the COVID-19 pandemic); the Company’s dependence on subsidiaries of Caesars Entertainment, Inc. (“Caesars”), Penn National Gaming, Inc. (“Penn”), Seminole Hard Rock Entertainment, Inc. (“Hard Rock”), Century Casinos, Inc. (“Century Casinos”) and Rock Ohio Ventures LLC (“JACK Entertainment”) -
Casino Industry Currency Transaction Reporting
Financial Crimes Enforcement Network Casino Industry Currency Transaction Reporting An Assessment of Currency Transaction Reports Filed by Casinos between July 1, 2006 and June 30, 2008 December 2008 Financial Crimes Enforcement Network Table of Contents PURPOSE 1 EXECUTIVE SUMMARY 3 BACKGROUND ON JUNE 2007 RULE CHANGE 4 METHODOLOGY 6 ANALYSIS OF FILING TRENDS 7 QUALITY OF CTRC REPORTING 11 CONCLUSIONS 12 APPENDIX A 13 Guidance, Rules and Recent Releases Regarding the Casino Industry APPENDIX B 14 Law Enforcement Cases Relating to the Casino Industry Casino Industry Financial Crimes Enforcement Network Purpose s part of its efforts to provide efficient and effective administration of the Bank Secrecy Act (“BSA”)1 the Financial Crimes Enforcement Network A (“FinCEN”) has committed to providing affected industries with written feedback within 18 months from the effective date of new regulations, or changes to existing regulations. On June 26, 2007, FinCEN issued a final rule concerning casino currency transaction reporting requirements. This report highlights key findings of an assessment conducted by FinCEN of Currency Transaction Report by Casinos (“CTRC”)2 filings from the period July 1, 2006, through June 30, 2008. FinCEN assessed CTRC filings comparing the number of reports filed in the one-year period before the BSA regulations were amended, to those filed in the one-year period after the June 26, 2007, amendment. In furtherance of FinCEN’s mission to provide beneficial information to law enforcement, regulators and regulated industries, this report indicated that the overall volume of filings for cash out transactions has decreased significantly since the regulation was amended. This report also offers insight into the quality of CTRC reporting. -
Review and Analysis of Sports and Race Betting Inducements
Review and analysis of sports and race betting inducements Nerilee Hinga, Kerry Sprostonb, Richard Bradinga and Kate Brookb aCentre for Gambling Education & Research, Southern Cross University bORC International October 2015 © Copyright Victorian Responsible Gambling Foundation, October 2015 This publication is licensed under a Creative Commons Attribution 3.0 Australia licence. The licence does not apply to any images, photographs, branding or logos. For information on the Victorian Responsible Gambling Foundation Research Program visit responsiblegambling.vic.gov.au. Disclaimer: The opinions, findings and proposals contained in this report represent the views of the author and do not necessarily represent the attitudes or opinions of the Victorian Responsible Gambling Foundation or the State of Victoria. No warranty is given as to the accuracy of the information. The Victorian Responsible Gambling Foundation specifically excludes any liability for any error or inaccuracy in, or omissions from, this document and any loss or damage that you or any other person may suffer. To cite this report: Hing N., Sproston, K., Brading, R., and Brook, K. (2015) Review and analysis of sports and race betting inducements. Victoria, Australia: Victorian Responsible Gambling Foundation. Conflict of interest declaration Nerilee Hing has worked with Echo Entertainment, Sportsbet and Singapore Pools over the four years previous to the study. She has also received funding over the past four years from the Victorian Responsible Gambling Foundation, Gambling Research Australia, the Queensland Government and the National Association of Gambling Studies (NAGS). Kerry Sproston has received funding from Gambling Research Australia in the past four years. Richard Brading has worked with BetSafe Pty Ltd over the four years previous to the study. -
VICI Properties Inc. Announces Fourth Quarter and Full Year 2020 Results
NEWS RELEASE VICI Properties Inc. Announces Fourth Quarter and Full Year 2020 Results 2/18/2021 - Establishes Guidance for Full Year 2021 - NEW YORK--(BUSINESS WIRE)-- VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or the “Company”), an experiential real estate investment trust, today reported results for the quarter and year ended December 31, 2020. All per share amounts included herein are on a per diluted share basis unless otherwise stated. Fourth Quarter 2020 Financial and Operating Highlights Total revenues increased 57.0% year-over-year to $373.0 million Net income attributable to common stockholders was $288.0 million, or $0.53 per share AFFO increased 42.5% year-over-year to $251.7 million AFFO per share increased 24.3% to $0.46 Completed the disposition of Bally's Atlantic City Entered into an agreement for The Eastern Band of Cherokee Indians to become the new tenant at the Company's Caesars Southern Indiana property Full Year 2020 Financial and Operating Highlights Total revenues increased 37.0% year-over-year to $1.2 billion Net income attributable to common stockholders was $891.7 million, or $1.75 per share AFFO increased 28.7% year-over-year to $835.8 million 1 AFFO per share increased 10.8% to $1.64 Completed $4.6 billion of acquisitions and investments, including VICI’s rst investment outside of gaming through an $80 million mortgage loan to Chelsea Piers New York Increased quarterly cash dividend by 10.9% Completed an equity oering in which 29,900,000 shares were sold through a forward sale agreement at $22.15 -
VICI Investor Presentation
INVESTOR PRESENTATION DISCLAIMERS Forward Looking Statements Certain statements in this presentation and that may be made in meetings are forward-looking statements. Forward-looking statements are based on VICI Properties Inc.’s (“VICI or the “Company”) current plans, expectations and projections about future events and are not guarantees of future performance. These statements can be identified by the fact that they do not relate to strictly historical and current facts and by the use of the words such as "expects", "plans", "opportunities" and similar words and variations thereof. Although the Company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, its actual results, performance and achievements could differ materially from those expressed in or by the forward-looking statements and may be affected by a variety of risks and other factors including, among others: 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 economic conditions as a result of the COVID-19 pandemic); the Company’s dependence on subsidiaries of Caesars Entertainment, Inc. (“Caesars”), Penn National Gaming, Inc. (“Penn”), Seminole Hard Rock Entertainment, Inc. (“Hard Rock”), Century Casinos, Inc. (“Century Casinos”) and Rock Ohio Ventures LLC (“JACK Entertainment”) -
Casino Regulatory Manual for Clark Special Economic Zone Licensees
PHILIPPINE AMUSEMENT AND GAMING CORPORATION CASINO REGULATORY MANUAL FOR CLARK SPECIAL ECONOMIC ZONE LICENSEES Version 2.0 January 2016 Compiled By: GAMING LICENSING AND DEVELOPMENT DEPARTMENT Ma. Perpetua Theresa G. Flor Edwin D. Mendoza Rashere Ann P. Beriña Template Forms prepared by: Garry B. Evangelista Compliance Monitoring and Enforcement Department CASINO REGULAT ORY MANUAL FOR CLARK LICENSEES Ve r s i o n 2 .0 This page is intentionally left blank - 2 - CASINO REGULAT ORY MANUAL FOR CLARK LICENSEES Ve r s i o n 2 .0 FOREWORD PAGCOR‘s regulatory role is essential to the vision of the country taking a place among the world‘s top gaming jurisdictions. In principle, PAGCOR aims to: Ensure a level playing field among industry proponents; Maintain an orderly and predictable regulatory environment; Enforce license terms and conditions; Promote fairness and integrity in the conduct of games; Provide an underlying platform for responsible gambling; Disallow access to gaming venues by minors and financially vulnerable persons; and, Prevent licensed gaming venues from being used for illegal activities. Regulations and standards must be formulated in order to meet these objectives. Mature gaming jurisdictions around the world, especially those from the North American and Asian continents, appear to be appropriate models to emulate. Relevant regulations and standards from New Jersey, Nevada and Singapore were adapted to fit in Philippine setting. Moreover, all PAGCOR licensees were consulted in the preparation of this Casino Regulatory Manual. This Casino Regulatory Manual shall be read in conjunction with and is intended to supplement the Provisional License and Authority to Operate.