{"id":216,"date":"2024-06-19T10:50:24","date_gmt":"2024-06-19T07:50:24","guid":{"rendered":"https:\/\/spindimensionnodepositbonus.icu\/2024\/06\/19\/century-casinos-expands-us-footprint-with-rocky-gap-casino-acquisition\/"},"modified":"2024-06-20T17:01:41","modified_gmt":"2024-06-20T14:01:41","slug":"century-casinos-expands-us-footprint-with-rocky-gap-casino-acquisition","status":"publish","type":"post","link":"https:\/\/spindimensionnodepositbonus.icu\/2024\/06\/19\/century-casinos-expands-us-footprint-with-rocky-gap-casino-acquisition\/","title":{"rendered":"Century Casinos Expands US Footprint with Rocky Gap Casino Acquisition"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/VqqHH71SHdo\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Century Casinos is undertaking a significant expansion in the American gaming sector by purchasing the operations of Rocky Gap Casino Resort for $56 million. This transaction, funded entirely through Century Casinos&#8217; internal resources, assesses the resort at 4.9 times its 2021 EBITDA, demonstrating its robust profitability. <\/p>\n<p>Situated in picturesque Flinstone, Maryland, Rocky Gap yielded $78 million in income and $27 million in modified EBITDA in the fiscal year concluding December 31, 2021. The property features a 25,000 square foot casino space with over 600 slot machines, a designated table games section, a lodging facility with almost 200 guest rooms, and an 18-hole Jack Nicklaus designed golf course. <\/p>\n<p>This purchase is a crucial element of Century Casinos&#8217; plan to broaden its footprint in the United States with premium properties. The organization&#8217;s co-CEOs, Erwin Heitzmann and Peter Hoetzinger, conveyed enthusiasm regarding the agreement, stating that it will provide them with a solid presence on both the eastern and western seaboards of the US, particularly following their upcoming acquisition of the Nugget Casino Resort in Nevada. <\/p>\n<p>Century Casinos will collaborate closely with the Maryland Lottery and Gaming Control Agency to obtain the required gaming authorizations and guarantee a smooth handover for Rocky Gap. Concurrently, Vici Properties will procure the real estate holdings of Rocky Gap for roughly $204 million. <\/p>\n<p>Century Casinos is incorporating its Rocky Gap Casino in Maryland into a preexisting lease arrangement with Vici Properties.  The agreement is set up as a triple-net lease, meaning Century Casinos assumes responsibility for all expenses associated with the property.  The starting yearly rent payment will be approximately $15.5 million.<\/p>\n<p>This announcement follows a robust financial performance by Century Casinos in the second quarter, during which the company experienced growth in both earnings and income.  In total, net operating revenue for the quarter reached $111.1 million, representing a 21% surge in comparison to the corresponding period in the previous year. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Century Casinos is undertaking a significant expansion in the American gaming sector by purchasing the operations of Rocky Gap Casino Resort for $56 million. 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This $56 million deal highlights the impressive profitability of this Maryland gaming gem.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/spindimensionnodepositbonus.icu\/2024\/06\/19\/century-casinos-expands-us-footprint-with-rocky-gap-casino-acquisition\/\" \/>\n<meta property=\"og:site_name\" content=\"Your Source for Trusted Casino News &amp; Licensed Gaming Experience\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-19T07:50:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-20T14:01:41+00:00\" \/>\n<meta name=\"author\" content=\"Evelyn &quot;Eve&quot; Parker\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Evelyn &quot;Eve&quot; Parker\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/spindimensionnodepositbonus.icu\/2024\/06\/19\/century-casinos-expands-us-footprint-with-rocky-gap-casino-acquisition\/\",\"url\":\"https:\/\/spindimensionnodepositbonus.icu\/2024\/06\/19\/century-casinos-expands-us-footprint-with-rocky-gap-casino-acquisition\/\",\"name\":\"Century Casinos Bets Big: Rocky Gap Casino Acquired for $56M\",\"isPartOf\":{\"@id\":\"https:\/\/spindimensionnodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-19T07:50:24+00:00\",\"dateModified\":\"2024-06-20T14:01:41+00:00\",\"author\":{\"@id\":\"https:\/\/spindimensionnodepositbonus.icu\/#\/schema\/person\/c7382b28513a3816d7f94b0f571bff2a\"},\"description\":\"Century Casinos expands its US footprint with the strategic acquisition of Rocky Gap Casino Resort. 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