Faegre Drinker advised Century Casinos in its definitive agreement to acquire the operations of Rocky Gap Casino Resort from Lakes Maryland Development, LLC for approximately $56 million. Simultaneous with the closing of the transaction, an affiliate of VICI Properties Inc. will acquire the real estate assets for approximately $204 million. The transaction is expected to close mid-2023, subject to regulatory and governmental approvals and customary closing conditions.
Headquartered in Colorado Springs, CO, Century Casinos, Inc. is a North American casino entertainment company focused on investing in, developing and operating regional mid-size casinos in North America. Century Casinos has been listed on the Nasdaq Capital Market® under the symbol CNTY since 1994.
Read Century Casinos’ press release for more information on the deal.