{"id":174,"date":"2024-06-14T04:02:47","date_gmt":"2024-06-14T01:02:47","guid":{"rendered":"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/14\/century-gaming-acquires-rocky-gap-casino-in-maryland-for-56-million\/"},"modified":"2024-06-14T04:02:47","modified_gmt":"2024-06-14T01:02:47","slug":"century-gaming-acquires-rocky-gap-casino-in-maryland-for-56-million","status":"publish","type":"post","link":"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/14\/century-gaming-acquires-rocky-gap-casino-in-maryland-for-56-million\/","title":{"rendered":"Century Gaming Acquires Rocky Gap Casino in Maryland for $56 Million"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/11rrrlcYcYM\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Century Gaming is making a major play in the American gambling sector, acquiring the Rocky Gap Casino and Resort in Maryland for a tidy $56 million.  The agreement, reached with Lakeshore Development, puts the resort&#8217;s worth at a robust 4.9 times its earnings before interest, taxes, depreciation, and amortization (EBITDA) for 2021.  Century Gaming intends to fund the purchase using existing cash reserves, highlighting its solid financial standing.<\/p>\n<p>Rocky Gap, a sought-after destination in Flintstone, Maryland, features a 25,000 square foot gaming area with more than 600 slot machines and a designated section for table games.  In addition to the casino, the resort provides guests with an upscale experience, including a hotel, an 18-hole Jack Nicklaus-designed golf course, and breathtaking vistas of the nearby lake and mountains.<\/p>\n<p>This purchase represents a substantial expansion for Century Gaming, adding an established property on the Eastern Seaboard to enhance its current holdings.  The company&#8217;s executives are enthusiastic about Rocky Gap&#8217;s potential and are dedicated to collaborating closely with local authorities and the resort staff to guarantee a seamless handover and a promising future for the property.<\/p>\n<p>Notably, while Century Gaming will oversee the casino and its day-to-day running, the physical property will be held by Vici Properties, a real estate investment trust specializing in gaming-related real estate. This strategic alliance enables both entities to capitalize on their respective strengths and optimize the value of the Rocky Gap resort. <\/p>\n<p>Century Gaming is aiming to incorporate its Rocky Mountain Gaming Resort into its current overarching lease contract with Vici Properties. This action would translate to roughly $15.5 million in lease payments within the initial year. This development follows a robust second quarter for Century, with both earnings and income demonstrating positive expansion. The firm generated $111.1 million in net operational income, a surge of 21% contrasted with the corresponding timeframe last year. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Century Gaming is making a major play in the American gambling sector, acquiring the Rocky Gap Casino and Resort in Maryland for a tidy $56 million. The agreement, reached with Lakeshore Development, puts the resort&#8217;s worth at a robust 4.9 times its earnings before interest, taxes, depreciation, and amortization (EBITDA) for 2021. Century Gaming intends [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Century Gaming Rolls Dice on Rocky Gap Casino in $56M Deal<\/title>\n<meta name=\"description\" content=\"Century Gaming\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/14\/century-gaming-acquires-rocky-gap-casino-in-maryland-for-56-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Century Gaming Acquires Rocky Gap Casino in Maryland for $56 Million\" \/>\n<meta property=\"og:description\" content=\"Century Gaming\" \/>\n<meta property=\"og:url\" content=\"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/14\/century-gaming-acquires-rocky-gap-casino-in-maryland-for-56-million\/\" \/>\n<meta property=\"og:site_name\" content=\"Your Go-To Licensed Online Casino for Exciting Games &amp; News\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-14T01:02:47+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/14\/century-gaming-acquires-rocky-gap-casino-in-maryland-for-56-million\/\",\"url\":\"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/14\/century-gaming-acquires-rocky-gap-casino-in-maryland-for-56-million\/\",\"name\":\"Century Gaming Rolls Dice on Rocky Gap Casino in $56M Deal\",\"isPartOf\":{\"@id\":\"https:\/\/vegas2webnodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-14T01:02:47+00:00\",\"dateModified\":\"2024-06-14T01:02:47+00:00\",\"author\":{\"@id\":\"https:\/\/vegas2webnodepositbonus.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"Century Gaming\",\"breadcrumb\":{\"@id\":\"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/14\/century-gaming-acquires-rocky-gap-casino-in-maryland-for-56-million\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/14\/century-gaming-acquires-rocky-gap-casino-in-maryland-for-56-million\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/14\/century-gaming-acquires-rocky-gap-casino-in-maryland-for-56-million\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/vegas2webnodepositbonus.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Century Gaming Acquires Rocky Gap Casino in Maryland for $56 Million\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/vegas2webnodepositbonus.icu\/#website\",\"url\":\"https:\/\/vegas2webnodepositbonus.icu\/\",\"name\":\"Your Go-To Licensed Online Casino for Exciting Games &amp; News\",\"description\":\"Our licensed online casino is your go-to source for the latest industry news, game reviews, and expert insights. 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