Brief: Century Casinos Enters Into Definitive Agreement To Acquire Operations Of Rocky Gap Casino Resort In Maryland

Century Casinos

25/08/2022 13:57

Aug 25 (Reuters) - Century Casinos Inc  CNTY.O :
    * CENTURY CASINOS ENTERS INTO DEFINITIVE AGREEMENT TO
ACQUIRE
OPERATIONS OF ROCKY GAP CASINO RESORT IN MARYLAND
    * CENTURY CASINOS INC - PROPOSED DEAL FOR APPROXIMATELY $56
MILLION
    * CENTURY CASINOS INC - CO WILL FUND ACQUISITION USING CASH
FROM
ITS BALANCE SHEET
    * CENTURY CASINOS INC - AFFILIATE OF VICI PROPERTIES INC.
WILL
ACQUIRE REAL ESTATE ASSETS FOR ABOUT $204 MILLION
    * CENTURY CASINOS INC - AMENDMENT TO LEASE WILL INCLUDE
INITIAL
ANNUAL RENT FOR ROCKY GAP CASINO OF APPROXIMATELY $15.5 MILLION

Source text for Eikon:  ID:nCNWCHgcTa 
Further company coverage:  CNTY.O 

 ((Reuters.Briefs@thomsonreuters.com;))