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Rocky Gap Casino owner announces plans to sell for $260M

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BALTIMORE (AP) — Golden Entertainment Inc. has announced plans to sell the Rocky Gap Casino Resort in western Maryland for $260 million.

News outlets report that the sale was announced during a meeting of the Maryland Lottery and Gaming Control Commission on Thursday. Maryland regulators will have to sign off on the purchase and new operator. Under the deal, Century Casinos will pay $56.1 million for the casino operations and real estate investor VICI Properties will pay $203.9 million for its interest in the land and buildings. The casino, which sits on 270 acres along Lake Habeeb in Flintstone, Maryland, includes a 25,000-square-foot gaming floor, a 198-room hotel and five restaurants.

The deal is expected to close next year.

 

Source: AP – All contents copyright 2022 Associated Press.  All rights reserved.

 

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