Century Casinos to acquire Rocky Gap Casino Resort operations for $56.1M; VICI to buy real estate for $203.9M

CENTURY CASINOS INC /CO/

Century will pay $56.1M for operating assets; VICI affiliate pays $203.9M for real estate of Rocky Gap Casino in Maryland.
Casino will be added to existing VICI triple-net lease with initial annual rent of ~$15.5M and 15-year term extension.
Deal subject to regulatory approvals including antitrust and gaming; termination fee of up to $20M if Century fails to obtain approvals.
Closing expected by August 24, 2023, with possible 90/60/30-day extensions.

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