Gambling News

Century Casinos to acquire operations of Rocky Gap Casino Resort for $56m

Century Casinos has entered into a definitive agreement to acquire the operations of Rocky Gap Casino Resort from Lakes Maryland Development, in a deal valued at approximately $56m. The purchase price reflects an implied earnings before interest, taxes, depreciation and EBITDA multiple of 4.9x for 2021. Century confirmed that it will fund the acquisition with cash from its balance sheet. Rocky Gap, located in Flintstone, Maryland, reported net ...
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