Century Casinos, Inc. (NasdaqCM:CNTY) entered into a definitive agreement to acquire Nugget Casino Resort from Marnell Gaming, LLC for $100 million on February 22, 2022. In connection with the acquisition, Goldman Sachs Bank USA has provided a commitment letter for $350 million in senior secured term loan financing to support the acquisition, refinance Century Casinos? existing debt and for general corporate purposes and a $30 million senior secured revolving credit facility. If Buyer shall not have received all Gaming Approvals required to consummate the transactions contemplated by the Agreement to be consummated at the Second Closing, then, within two Business Days of such termination, Buyer shall pay to Seller by wire transfer in immediately available funds the amount of $9,000,000. The Nugget Casino Resort had net operating revenue of $100.4 million, net income of $16 million and adjusted EBITDA of $32.8 million based on preliminary results for the year ended December 31, 2021. The transaction is subjected to required approvals of the Nevada Gaming Commission. Closing of the transaction is subject to customary closing conditions. The transaction is also subject to the seller having delivered to Buyer written resignations, effective as of the Second Closing Date, of each manager and officer of Nugget Sparks. The transaction is expected to close within one year after the Smooth Burbon transaction. As of April 1, 2022, Century Casinos, Inc. completed acquisition of 50% of the membership interests in Smooth Bourbon, LLC. The acquisition is expected to close in the second quarter of 2023. Goldman Sachs & Co. LLC served as sole financial advisor to Century Casinos in connection with the acquisition. David Garcia and James Newman of Holland & Hart LLP served as legal advisor to Marnell Gaming, LLC. Jeffrey Sherman and Douglas Wright of Faegre Drinker Biddle & Reath LLP served as legal advisor to Century Casinos. Transaction is subject to approval from Gaming Commission in Nevada and if approved Century Casinos, Inc. plan to close the Nugget acquisition in the first week of April, less than 4 weeks from today.

Century Casinos, Inc. (NasdaqCM:CNTY) completed the acquisition of Nugget Casino Resort from Marnell Gaming, LLC on April 3, 2023. Century Casinos, Inc. (NasdaqCM:CNTY) paid approximately $105 million on acquisition of Nugget Casino Resort from Marnell Gaming, LLC.