secwatch.observer — SEC 8-K summary
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Issuer:     CENTURY CASINOS INC /CO/ (CNTY)
CIK:        0000911147
Form:       8-K
Filed at:   2023-09-06T23:59:59+00:00
Accession:  0000911147-23-000062
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Century Casinos completes CAD 221.7M sale-leaseback of four Alberta properties to VICI
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- Sold real estate of Century Casino & Hotel Edmonton, Century St. Albert, Century Mile, and Century Downs to VICI for CAD 221.7M ($162.4M USD).
- Retained approx. CAD 154.5M ($113.2M USD) after land purchase, expenses, taxes, and payments to minority owners.
- Master Lease amended to include the four properties; annual rent increased by CAD 17.3M ($12.7M USD) with 2.5% escalator cap.
- Initial lease term extended to 15 years with four 5-year renewal options; Company guarantees subsidiary obligations.
- Proceeds to be used for growth initiatives and/or paying down debt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/911147/000091114723000062/0000911147-23-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/911147/000091114723000062/cnty-20230906x8k.htm
  HTML page:      https://secwatch.observer/filing/0000911147-23-000062

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