The transaction is expected to close in mid-2023, subject to customary regulatory approvals and closing conditions. The aggregate cash consideration represents a multiple of approximately 10x adjusted property earnings before interest, taxes, depreciation or amortization for the trailing twelve-month period ended June 30. Pursuant to the terms of the agreements, Century Casinos will acquire the operations of Rocky Gap for $56.1 million, subject to customary working capital adjustments, and VICI Properties will acquire an interest in the land and buildings associated with Rocky Gap for $203.9 million.
Golden Entertainment is selling the Rocky Gap Casino Resort in Flintstone, Md., for aggregate cash consideration of $260 million.
