Lady Luck Caruthersville Moon Pies In Space
Riverboats Isle Casino Cape Girardeau and Lady Luck Caruthersville in Missouri, and Mountaineer Casino, Racetrack and Resort in West Virginia.
VICI Properties will acquire the real estate assets of the three properties for about USD 278.
article source transaction is expected to close in early 2020.
The purchase price represents an implied trailing twelve-month pro-forma earnings casinos near caruthersville mo interest, taxes, depreciation and amortization EBITDA multiple of 4.
The multiple excludes any potential cost synergies and operational improvements.
On a pro-forma basis, Century estimates this will result in total leverage of 3.
It expects to quickly deliver given the growth casinos near caruthersville mo its existing portfolio, newly acquired properties and the ramp-up of Century Mile Racetrack and Casino.
Isle Casino Cape Girardeau is located in Cape Girardeau, Missouri, approximately 120 miles south read more St.
Louis, Missouri, overlooking the Mississippi river.
The property opened in 2012 and consists of a dockside casino featuring 41,500 square feet of casino space, 863 gaming machines, 20 table games, three dining venues, a pavilion and an entertainment center.
The property also includes a wide variety of non-gaming amenities, including an events center.
Lady Casinos near caruthersville mo Caruthersville is a riverboat casino located along the Mississippi River in Caruthersville, Missouri.
The property opened in 1995 and consists of a dockside casino featuring 21,000 square feet of casino space, 507 slot machines, nine table games, two dining venues, a 40,000 square foot pavilion and a 28-space RV park.
Mountaineer Casino, Racetrack and Resort is a hotel, casino, entertainment and live thoroughbred horse racing facility located in New Cumberland, West Virginia, one hour from downtown Pittsburgh, Pennsylvania.
The property originally opened in 1951 with the casino opening in 1994 and features a 357-room hotel, approximately 1,486 slot machines, 36 table games, a poker room, a racetrack and five dining venues.
On a pro-forma trailing twelve-month basis the company expects to generate 96% of its Adjusted EBITDA before rent from its North American casinos.
The transaction, which is expected to close in early 2020is subject to antitrust approval and approvals of the Missouri Gaming Commission and the West Virginia Lottery as well as other customary closing conditions.
Stifel is acting as exclusive financial advisor and Faegre Baker Daniels LLP is acting as legal counsel to the company in connection with the transaction.
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Century Casino & VICI Buys Eldorado Resorts Properties. Lady Luck Casino in Caruthersville, Missouri to Century Casinos who purchased ...
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