Century Casinos, Inc. · NASDAQ:CNTY
Century Casinos — Merger or Acquisition (August 2022)
8 slides from Century Casinos's merger presentation, Aug 25, 2022
Slide 1: Century Casinos Rocky Gap Casino Resort and Maryland Supplement (August 2022)
Century Casinos Rocky G ap Casino Resort and Maryland Supplement (August 2022)
Slide 2: Disclaimer
Disclaimer Century Casinos This presentation contains certain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Forward-lo
Slide 3: Transaction Overview
Transaction Overview Century Casinos In August 2022, Century announced a definitive agreement to acquire the operations of Rocky Gap Casino Resort for $56.1mm Represents a purchase price multiple of 4.9 x 2021 Adj. EBITDA (after rent payments to VICI) and is expected to close within 12 months pendin
Slide 4: Rocky Gap Casino Resort: Only Casino Resort in Western Maryland
Rocky Gap Casino Resort Century Casinos. Only Casino Resort in Western Maryland, with 10 million + Adults within a 100-mile radius 198 hotel rooms, 630 slot machines,16 table games, $10mm of property upgrades since 2018, remodeled rooms and suits, new sports lounge, renovation and upgrade of F&B off
Slide 5: Rocky Gap, MD Competitive Landscape
Rocky Gap, MD Competitive Landscape Century Casinos. Property attracts local and destination drive-in customers from Maryland and surrounding states. Major MSAs: Washington-Arlington-Alexandria, Baltimore-Columbia-Towson, Pittsburgh. Adult Population: 4.8mm, 2.2mm, 1.9mm. Median Income: $51,515, $42
Slide 6: Superior Product Offering to Competition
Superior Product Offering to Competition Century Casinos. Property: Rocky Gap Casino Resort, Lady Luck Casino Nemacolin , Hollywood Casino at Charles Town Races, Live!* Casino Pittsburgh, Parx* Casino Shippensburg (1) . Owner: Golden Entertainment, Churchill Downs Incorporated, Penn National Gaming,
Slide 7: Maryland Gaming Revenue
Maryland Gaming Revenue Century Casinos. The Video Lottery Facility Location Commission awarded licenses to six land-based casinos, the latest of which opened in 2016. Maryland Gross Gaming Revenue (1) ($ in millions). Hollywood Casino Perryville, MD Opens; Ocean Downs Casino Opens; Live! Casino Hot
Slide 8: Appendix A
Appendix A Century Casinos. The Company defines Adjusted EBITDA as net earnings (loss) attributable to Century Casinos, Inc. shareholders before interest expense (income), net, income taxes (benefit), depreciation and amortization, non-controlling interests net earnings (loss) and transactions, pre-
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