CENTURY CASINOS INC /CO/ (CNTY): M&A transaction — Century Casinos completes $100M acquisition of Nugget Casino Resort in Sparks, NV

CENTURY CASINOS INC /CO/

Acquisition of Nugget Casino Resort operations from Marnell Gaming for ~$100M closed April 3, 2023.
Financed with funds borrowed from existing Goldman Sachs USA credit agreement.
Property includes 71,200 sq ft casino, 892 slot machines, 29 table games, 1,382 hotel rooms.
Pro forma 2022 net operating revenue $529.6M, adjusted EBITDA $129.9M including Nugget.
Portfolio expanded to 18 casinos worldwide; first Nevada property.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

CENTURY CASINOS INC /CO/ completed an acquisition involving Marnell Gaming, LLC for approximately $100.0 million (closed 2023-04-03).

Action: acquisition
Counterparty: Marnell Gaming, LLC
Consideration: approximately $100.0 million
Closing: 2023-04-03

Exact text from the filing

On April 3, 2023 (the “Closing Date”), the Company completed its previously announced acquisition (the “Acquisition”) of the operations of Nugget Casino Resort (“Nugget”), located in Sparks, Nevada from Marnell Gaming, LLC (“Marnell”), for an aggregate purchase price of approximately $100.0 million

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15 m&a transactions filed in the last 30 days. Browse all m&a transactions →

CENTURY CASINOS INC /CO/ filing history →

Source: SEC EDGAR

accession 0000911147-23-000034

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