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June 17, 2019

Kramer Levin Represents VICI Properties in Acquisition of Three Regional Gaming Properties and Master Lease Agreement with Century Casinos

On June 17, 2019, Kramer Levin client VICI Properties Inc. announced that it has, together with Century Casinos, Inc., entered into a definitive agreement with Eldorado Resorts, Inc. to acquire Isle Casino Cape Girardeau in Cape Girardeau, Missouri, Lady Luck Casino Caruthersville in Caruthersville, Missouri, and Mountaineer Casino, Racetrack & Resort in New Cumberland, West Virginia for an aggregate purchase price of approximately $385 million in cash. Pursuant to the agreements, VICI will acquire the land and real estate assets of the properties for approximately $278 million, and Century Casinos will acquire the operating assets of the properties for approximately $107 million. Simultaneous with the closing of this transaction, VICI will enter into a triple-net master lease agreement with Century Casinos related to the assets.

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