Edition:
United Kingdom

Century Casinos To Acquire Operations Of Three Casinos From Eldorado Resorts


Monday, 17 Jun 2019 

June 17 (Reuters) - Century Casinos Inc ::CENTURY CASINOS, INC. ENTERS INTO A DEFINITIVE AGREEMENT TO ACQUIRE THE OPERATIONS OF THREE CASINOS FROM ELDORADO RESORTS.CENTURY CASINOS INC - WILL FINANCE $107.0 MILLION PURCHASE WITH A NEW CREDIT FACILITY THAT IS ANTICIPATED TO BE ISSUED BY MACQUARIE CAPITAL.CENTURY CASINOS INC - ACQUISITION IS EXPECTED TO MEANINGFULLY ENHANCE COMPANY'S FREE CASH FLOW.CENTURY CASINOS INC - S PORTFOLIO WILL INCREASE TO 10 CASINOS IN NORTH AMERICA THAT INCLUDE OVER 6,700 GAMING MACHINES AND 150 TABLE GAMES.CENTURY CASINOS - ON A PRO-FORMA TRAILING TWELVE-MONTH BASIS CO EXPECTS TO GENERATE 96% OF ITS ADJUSTED EBITDA BEFORE RENT FROM ITS NORTH AMERICAN CASINOS.CENTURY CASINOS INC - WILL ENTER INTO TRIPLE NET LEASE AGREEMENT WITH VICI FOR THREE CASINO PROPERTIES. 

Company Quote

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18 Jul 2019