secwatch.observer — SEC 8-K summary
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Issuer:     CENTURY CASINOS INC /CO/ (CNTY)
CIK:        0000911147
Form:       8-K
Filed at:   2022-02-23T23:59:59+00:00
Accession:  0000911147-22-000004
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Century Casinos to acquire Nugget Casino Resort for $195M, financed by Goldman Sachs
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- Acquires 50% of PropCo (land/building) for $95M and 100% of OpCo for $100M; total enterprise value $195M.
- Five-year option to buy remaining 50% of PropCo for $105M plus 2% annual interest.
- Goldman Sachs committed $350M term loan and $30M revolver; pro forma net leverage ~3.0x.
- Nugget 2021 preliminary: revenue $100.4M, Adj. EBITDA $32.8M; acquisition multiple 5.6x EBITDA.
- PropCo & financing close early Q2 2022; OpCo close within 1 year subject to Nevada Gaming approval. Deal immediately accretive.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/911147/000091114722000004/0000911147-22-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/911147/000091114722000004/cnty-20220222x8k.htm
  HTML page:      https://secwatch.observer/filing/0000911147-22-000004

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