Century Casinos will pay $56.1 million for the casino operations and real estate investor VICI Properties will pay $203.9 million for its interest in the Flintstone, Md. land and buildings. The property includes a 25,000-sq.-ft. gaming floor, a 198-room hotel, five restaurants and a Jack Nicklaus Signature golf course.
Golden Entertainment Inc. announced plans Aug. 25 to sell the Rocky Gap Casino Resort in Flintstone, Md. for $260 million, WMAR reported. The sale was announced during a meeting of the Maryland Lottery and Gaming Control Commission.
Golden Entertainment officials didn’t take questions from state regulators as the deal is pending, WMAR reported. The deal is expected to close next year. Maryland regulators will have to sign off on the purchase and new operator.
Century Casinos will pay $56.1 million for the casino operations and real estate investor VICI Properties will pay $203.9 million for its interest in the land and buildings, under the deal, WMAR reported.
The casino includes a 25,000-sq.-ft. gaming floor, a 198-room hotel and five restaurants, WMAR reported. Golden Entertainment recently invested around $10 million for casino improvements. It sits on 270 acres along Lake Habeeb and includes a Jack Nicklaus Signature golf course, a 5,000-sq.-ft. events center and several outdoor activity sites.
In 2021, Rocky Gap had $78 million of net operating revenue and attracted more than a half million visitors, WMAR reported.
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