Century Casinos enters $164.4M sale-leaseback with VICI for four Canadian properties

CENTURY CASINOS INC /CO/

Purchase price CAD 221.7M ($164.4M); net proceeds to Century ~CAD 154.5M (~$114.6M).
Properties added to VICI master lease, annual rent increases CAD 17.3M ($12.8M) at 7.8% cap rate.
Lease extended to 15-year initial term with four 5-year renewal options; rent coverage ~2.0x.
Proceeds planned for Nugget improvements, corporate use, potential debt paydown, buybacks or special dividend.
Transaction expected to close H2 2023, subject to regulatory approvals.

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