Golden Entertainment owns and operates a diversified entertainment platform, consisting of a portfolio of gaming and hospitality assets that focus on casino, branded taverns, and distributed gaming operations.
Macquarie Capital acted as exclusive financial advisor, and Latham & Watkins and Duane Morris acted as legal counsels to Golden in connection with the transactions. $175 million of the sale proceeds will be used to repay term loans outstanding. (NYSE: VICI) acquired an interest in the land and buildings associated with Rocky Gap for approximately $203.9 million. (NASDAQ: CNTY) acquired the operations of Rocky Gap for approximately $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 completed the previously disclosed sale of Rocky Gap Casino Resort (“Rocky Gap”) for aggregate cash consideration of approximately $260 million, subject to customary working capital adjustments.
