We are confident that Century Casinos will be a terrific operator of Rocky Gap and strong partner to the community going forward. Since Golden began operating Rocky Gap seven years ago, we have invested our resources to enhance the property’s amenities and our contributions to the State of Maryland. The transaction is expected to close in mid-2023, subject to customary regulatory approvals and closing conditions.īlake Sartini, Chairman and Chief Executive Officer of Golden Entertainment, commented, “Rocky Gap is a truly unique destination resort and I want to thank all of our team members who work hard to consistently deliver a premier gaming and entertainment experience to our guests. The aggregate cash consideration represents a multiple of approximately 10x Adjusted Property EBITDA for the trailing twelve-month period ended June 30, 2022. (NYSE: VICI) will acquire an interest in the land and buildings associated with Rocky Gap for $203.9 million. (NASDAQ: CNTY) will acquire the operations of Rocky Gap for $56.1 million, subject to customary working capital adjustments, and VICI Properties Inc. Pursuant to the terms of the agreements, Century Casinos, Inc. (NASDAQ: GDEN) (“Golden” or the “Company”) announced today that it entered into definitive agreements to sell Rocky Gap Casino Resort (“Rocky Gap”) for aggregate cash consideration of $260 million. LAS VEGAS-( BUSINESS WIRE)-Golden Entertainment, Inc.
