secwatch.observer — SEC 8-K summary
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Issuer:     CENTURY CASINOS INC /CO/ (CNTY)
CIK:        0000911147
Form:       8-K
Filed at:   2022-08-25T23:59:59+00:00
Accession:  0000911147-22-000058
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Century Casinos to acquire Rocky Gap operations for $56.1M; VICI buys real estate for $204M
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- Entered definitive agreement to acquire Rocky Gap Casino Resort operations from Lakes Maryland Development for $56.1M cash.
- VICI Properties to acquire real estate for ~$204M; Century to amend triple net lease with initial annual rent of ~$15.5M.
- Rocky Gap had 2021 net revenue $78M, Adjusted EBITDA $27M; purchase price multiple 4.9x EBITDA.
- Acquisition expected to close mid-2023, immediately accretive to earnings; subject to regulatory approvals.
- Combined with pending Nugget acquisition, North American portfolio to reach 11 casinos generating ~94% of Adjusted EBITDA.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/911147/000091114722000058/0000911147-22-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/911147/000091114722000058/cnty-20220824x8k.htm
  HTML page:      https://secwatch.observer/filing/0000911147-22-000058

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