Varie
Century Casinos, Inc. Completes Acquisition of 50% Ownership in Property Company of Nugget Casino Resort
The Company financed the Acquisition with a new credit facility that was issued by Goldman Sachs Bank USA on the closing date. The credit facility also refinanced the Company's existing debt and will finance the OpCo purchase on the Second Closing.
Goldman Sachs & Co. LLC served as sole financial advisor and Faegre Drinker Biddle & Reath LLP acted as legal counsel to the Company in connection with the Acquisition.
Century Casinos, Inc. is a casino entertainment company. The Company owns and operates Century Casino & Hotels in
Cripple Creek and
Central City, Colorado , and in Edmonton, Alberta, Canada ; the Century Casino in
Cape Girardeau and
Caruthersville, Missouri , and in St. Albert, Alberta, Canada ; Mountaineer Casino, Racetrack & Resort in
New Cumberland, West Virginia ; and the Century Mile Racetrack and Casino in
Edmonton, Alberta, Canada . Through its Austrian subsidiary, Century Resorts Management GmbH, the Company holds a 66.6% ownership interest in Casinos Poland Ltd., the owner and operator of eight casinos throughout
Poland ; a 75% ownership interest in Century Downs Racetrack and Casino in
Calgary, Alberta, Canada ; and a 50% ownership interest in PropCo in
Sparks, Nevada . The Company has an agreement to operate two ship-based casinos. The Company continues to pursue other projects in various stages of development.
Century Casinos' common stock trades on The Nasdaq Capital Market® under the symbol CNTY. For more information about Century Casinos, visit our website at www.cnty.com.
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