Century Casinos, Inc. (NasdaqCM:CNTY) entered into a definitive agreement to acquire Operating Assets from Rocky Gap Casino Resort for $56.1 million on August 24, 2022. Century Casinos will fund the acquisition using cash from its balance sheet. The transaction is subject to regulatory and governmental approvals and customary closing conditions. The transaction is expected to close in the second quarter of 2023. Century may be responsible for an aggregate termination fee of $20 million. As of May 9, 2023, the transaction is expected to close in the month of July, 2023. John Orem, Derek Herbert and Jonathan Abbey of Stifel acted as exclusive financial advisor and Jeffrey A. Sherman of Faegre Drinker Biddle & Reath LLP acted as legal counsel to Century Casinos. Steven Stokdyk and Brian Duff of Latham & Watkins LLP acted as legal counsel to the seller. Macquarie Capital (USA) Inc. acted as financial advisor to seller.

Century Casinos, Inc. (NasdaqCM:CNTY) completed the acquisition of Operating Assets from Rocky Gap Casino Resort for $61.2 million on July 25, 2023. The acquisition was financed with $30 million borrowed from the revolving facility of the Company?s existing credit agreement with Goldman Sachs USA and cash from the balance sheet.