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:  0000911147-22-000006
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Century Casinos to acquire Nugget Casino Resort for ~$195M in two closings
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- First closing: buys 50% of PropCo (real estate) for ~$95M, expected Q2 2022.
- Second closing: buys 100% of OpCo (operations) for ~$100M, contingent on Nevada Gaming Commission approval within 1 year.
- Five-year option to acquire remaining 50% of PropCo for $105M plus 2% per annum.
- Financing secured: $350M term loan from Goldman Sachs to fund acquisition, refinance debt, and for corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/911147/000091114722000006/0000911147-22-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/911147/000091114722000006/cnty-20220222x8k.htm
  HTML page:      https://secwatch.observer/filing/0000911147-22-000006

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