VICI Properties Inc
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Real Estate : Diversified REITs | Mid Cap Value
Company profile

VICI Properties Inc. is a real estate investment trust. The Company is primarily engaged in the business of owning and acquiring gaming, hospitality, and entertainment destinations, subject to long-term triple net leases. Its segments include real property business and golf course business. The real property business segment consists of leased real property and real estate lending activities. The golf course business segment consists of approximately four golf courses. Its geographically diverse portfolio consists of approximately 49 gaming facilities in the United States and Canada, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort, three of the entertainment facilities on the Las Vegas Strip. Across 124 million square feet and features approximately 59,300 hotel rooms and over 450 restaurants, bars, nightclubs, and sportsbooks. It owns approximately 34 acres of undeveloped or underdeveloped land on and adjacent to the Las Vegas Strip that is leased to Caesars.

Day's Change
0.29 (0.93%)
B/A Size
Day's High
Day's Low

Today's volume of 688,606 shares is on pace to be much lighter than VICI's 10-day average volume of 8,004,265 shares.


AMC Networks expects $350 million to $475 million in restructuring charges related to layoffs, other cost cuts

5:05 pm ET December 1, 2022 (MarketWatch)

AMC Networks Inc. disclosed in a Thursday afternoon filing with the Securities and Exchange Commission that it expects to incur $350 million to $475 million in charges, before taxes, related to its restructuring plan. The company confirmed earlier in the week that it planned to lay off about 20% of its staff amid business pressures. In Thursday's filing, it said the restructuring plan was "designed to achieve significant cost reductions, in light of 'cord cutting' and the related impacts being felt across the media industry as well as the broader economic outlook." The company expects that the bulk of the charges will relate to content and programming assessments, while others will relate to organizational restructuring and areas like severance. AMC Networks noted in the filing that the efforts "are ongoing, including further strategic assessments of programming that could result in additional charges above the estimate provided above," though the company expects that its restructuring initiatives in conjunction with this plan would be "substantially" complete by the close of 2023.

-Emily Bary


(END) Dow Jones Newswires

December 01, 2022 17:05 ET (22:05 GMT)

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