Rocky Gap is located in Flintstone, Maryland in Rocky Gap State Park, which attracts over half a million visitors annually. We look forward to working with the staff and community to continue the current success at this property into the future,' Haitzmann and Hoetzinger concluded. 'Rocky Gap is a great addition to our portfolio. 'We are very excited to be expanding into Maryland,' Erwin Haitzmann and Peter Hoetzinger, Co-Chief Executive Officers of Century Casinos, remarked.
The Company financed the Acquisition with $30.0 million borrowed from the revolving facility of its existing credit agreement with Goldman Sachs USA and cash from the balance sheet. The amendment to the master lease agreement includes an increase in initial annualized rent of approximately $15.5 million. (NYSE: VICI) ('VICI') acquired a related interest in the land and building associated with Rocky Gap for approximately $203.9 million and the Company amended its triple net master lease agreement with VICI to add the Rocky Gap property. Simultaneous with the closing of the transaction, an affiliate of VICI Properties Inc. for approximately $56.1 million (the 'Acquisition') on July 25, 2023. (Nasdaq Capital Market®: CNTY) ('Century Casinos' or the 'Company') announced that it completed the acquisition of the operations of Rocky Gap Casino Resort ('Rocky Gap') from Golden Entertainment Inc. COLORADO SPRINGS, Colo., J/CNW/ - Century Casinos, Inc.
