Strategic Partnership with Cain International and Eldridge Industries
VICI announced a new strategic and financial relationship with Cain International and Eldridge Industries, initiating an investment in the One Beverly Hills development. This partnership is expected to yield numerous future investment opportunities.
Strong Las Vegas Performance
Las Vegas tourism hit records in 2024 with 58 million airline passengers and 42 million visitors, a 2% year-over-year increase. Operators have announced nearly $1 billion of investment in VICI's Las Vegas properties.
Improved Financial Stability
VICI achieved an investment-grade credit rating from Moody's, completing the upgrade process across all three major agencies, enhancing access to capital.
AFFO Growth
AFFO per share increased by 5.1% in 2024, and the company expects further growth in 2025, with guidance indicating a 3.3% increase.