Vici Properties Reports 110.7% Surge in Q1 Earnings, Expands into Canada
Vici Properties experienced remarkable financial gains in the initial three months of 2023, with earnings surging by 110.7% compared to the same period last year, reaching $877.6 million (£704.3 million/€801.3 million).
Vici Properties secured ownership of four gaming properties in Canada for a total of C$271.9 million.
Vici Properties’ chief executive, Edward Pitoniak, expressed contentment with the first-quarter outcomes, indicating that they continued Vici’s prosperous trajectory from 2022.
“Our activities in the first quarter of 2023 emphasize Vici’s dedication to building upon the changes we implemented in 2022, and our steadfast commitment to pursuing appealing growth prospects both within and outside the United States, encompassing gaming and other sectors,” Pitoniak stated. “We have forged new collaborations and tenant relationships with Pure Canadian Gaming, and declared our acquisition of four Canadian casinos from Pure, marking our initial international venture.”
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