Century Casinos sells three properties for $278m

Century Casinos has entered into a definitive agreement to acquire the operations of Isle Casino Cape Girardeau from Eldorado Resorts for approximately $107 million.

Simultaneously with the closing of the transaction, VICI Properties will acquire the real estate assets of the three properties for approximately $278 million. Century Casinos entered a triple-net lease agreement with VICI for the three casino properties.

Isle Casino Cape Girardeau is located in Cape Girardeau, Mo., approximately 120 miles south of St. Louis, overlooking the Mississippi river. The property opened in 2012 and consists of a dockside casino featuring 41,500 square feet of casino space, 863 gaming machines, 20 table games, three dining venues, a pavilion and an entertainment center. The property also includes a wide variety of non-gaming amenities, including an events center.