secwatch.observer — SEC 8-K summary
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Issuer:     CENTURY CASINOS INC /CO/ (CNTY)
CIK:        0000911147
Form:       8-K
Filed at:   2023-05-17T23:59:59+00:00
Accession:  0000911147-23-000043
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/911147/000091114723000043/0000911147-23-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/911147/000091114723000043/cnty-20230516x8k.htm
  HTML page:      https://secwatch.observer/filing/0000911147-23-000043

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