The transaction is expected to be accretive immediately upon closing. Simultaneous with the closing of the transaction, Rocky Gap will be added to the existing triple-net master lease agreement between VICI Properties and Century (the "Century Master Lease") and annual rent will increase by $15.5 million. Pursuant to the transaction agreements, the Company will acquire an interest in the land and buildings associated with Rocky Gap for approximately $203.9 million, representing a 7.60% capitalization rate, and Century will acquire the operating assets of the property for approximately $56.1 million. GDEN ("Golden Entertainment") for an aggregate purchase price of $260.0 million in cash. CNTY ("Century"), entered into definitive agreements to acquire Rocky Gap Casino Resort ("Rocky Gap"), located in Flintstone, Maryland from Golden Entertainment, Inc. VICI ("VICI Properties" or the "Company"), an experiential real estate investment trust, today announced it has, together with Century Casinos, Inc. – Acquisition Expected to be Immediately Accretive at Closing – – Expands Master Lease with Century Casinos, Inc.
– Acquiring Asset at an Attractive 7.6% Capitalization Rate –
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