The aggregate cash consideration represents a multiple of approximately 10x adjusted property earnings before interest, taxes, depreciation or amortization for the trailing twelve-month period ended June 30.
Pursuant to the terms of the agreements, Century Casinos will acquire the operations of Rocky Gap for $56.1 million, subject to customary working capital adjustments, and VICI Properties will acquire an interest in the land and buildings associated with Rocky Gap for $203.9 million. Golden Entertainment is selling the Rocky Gap Casino Resort in Flintstone, Md., for aggregate cash consideration of $260 million.
