Century Casinos breaks ground on $51.9M Caruthersville project; VICI rent to rise $4.2M/yr

CENTURY CASINOS INC /CO/

$51.9M land-based casino/hotel project broke ground Dec 2; 650 slot machines, 38-room hotel targeted late 2024.
Project financed via Master Lease amendment with VICI Properties; annual rent increases $4.2M after completion.
Grand opening of Farmstead 36-room hotel ($3.7M renovation) provides interim lodging until new hotel opens.
Casino relocated from riverboat to temporary pavilion due to low Mississippi River levels; completion expected by end of 2022.
New developments protected by flood wall, eliminating future river-level disruptions to casino operations.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

CENTURY CASINOS INC /CO/ amended Third Amendment to Lease with certain subsidiaries of VICI Properties L.P., an affiliate of VICI Properties Inc. (effective 2022-12-01).

Action: amendment
Agreement: lease
Counterparty: certain subsidiaries of VICI Properties L.P., an affiliate of VICI Properties Inc.
Effective: 2022-12-01

Exact text from the filing

On December 1, 2022, Century Casinos, Inc. (the “ Company ”) entered into the Third Amendment to Lease (the “ Amendment ”) to the Master Lease dated as of December 6, 2019 by and among the Company and certain subsidiaries of VICI Properties L.P., an affiliate of VICI Properties Inc.

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CENTURY CASINOS INC /CO/ filing history →

Source: SEC EDGAR

accession 0000911147-22-000071

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