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VICI Agrees to Buy the Venetian: Good Sign for Las Vegas Real Estate?

VICI Agrees to Buy the Venetian: Good Sign for Las Vegas Real Estate? Kevin Vandenboss © Provided by The Motley Fool VICI Agrees to Buy the Venetian: Good Sign for Las Vegas Real Estate? VICI Properties (NYSE: VICI) is increasing its bet on the Las Vegas market, as it s agreed to acquire the Venetian Resort’s real estate on the Vegas Strip. This monumental deal is inked at a price of $4 billion, which will be paid in cash to the seller, Las Vegas Sands (NYSE: LVS). To put that into perspective, VICI spent just slightly more than that in 2020, collectively, on five casino and entertainment properties: Harrah’s New Orleans, Harrah’s Laughlin, Harrah’s Atlantic City, JACK Cleveland Casino, and JACK Thistledown Racino.

Compliance Reporting for Economic Development Projects During the COVID-19 Pandemic | Bradley Arant Boult Cummings LLP

To embed, copy and paste the code into your website or blog: The COVID-19 pandemic continues to impact every aspect of both the public and private sectors, and COVID-19’s long-term effects on the U.S. economy remain uncertain. In order to spur economic growth, state and local governments have enacted various measures to provide relief to businesses with active economic development agreements. Every community understands that supporting current business operations in their respective jurisdictions is vital to a successful post-pandemic economic recovery. Despite budget shortfalls, policymakers are beginning to implement various administrative measures that support their local business community while maintaining healthy fiscal policy.  

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