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Transactions - AUGUST 26, 2022

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Maryland-based casino resort sells for $260m

by Andrea Zander

VICI Properties, together with Century Casinos, has entered into definitive agreements to acquire Rocky Gap Casino Resort, located in Flintstone, Md., from Golden Entertainment, for $260 million.

John Payne, president and COO of VICI Properties, said, “We are very excited to expand our existing partnership with Century, given their strong track record of integrating and operating similar high-quality regional resort assets, while also working with Blake Sartini, Charles Protell and the team at Golden Entertainment to help them achieve their strategic objectives. This transaction allows each of our companies to efficiently create value for our respective shareholders.”

The transaction is subject to customary regulatory approvals and closing conditions and is expected to close in mid-2023.

 

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