definitive agreement
Century Casinos Enters Into Definitive Agreement to Acquire Nugget Casino Resort in Nevada
Century Casinos, Inc. | February 23, 2022
COLORADO SPRINGS, CO - February 23, 2022 - Century Casinos, Inc. (Nasdaq Capital Market®: CNTY) ("Century Casinos" or the "Company"), announced that it entered into a definitive agreement to acquire 50% of Smooth Bourbon, LLC ("PropCo") and 100% of Nugget Sparks, LLC ("OpCo") dba Nugget Casino Resort ("Nugget") from Marnell Gaming, LLC for $195 million. The Company will also have a five-year option to purchase the remaining 50% of PropCo for $105 million plus 2% per annum. The Company will purchase its 50% interest in PropCo for $95 million, which represents a capitalization rate of 7.9% based on preliminary 2021 numbers. PropCo ow...
Cascade Investment Affiliate Agrees to Acquire Controlling Stake in Four Seasons Hotels and Resorts
Four Seasons Hotels and Resorts | September 8, 2021
TORONTO - September 8, 2021 - Four Seasons Hotels and Resorts ("Four Seasons" or "the Company"), the world's leading luxury hospitality company, today announced that its longstanding shareholder, an affiliate of Cascade Investment, L.L.C. (collectively, "Cascade"), has entered into a definitive agreement to acquire a controlling interest in the Company. In the all-cash deal, Cascade will increase its existing 47.5 percent stake to 71.25 percent by purchasing half of the existing 47.5 percent stake owned by an affiliate of its long-term investment partner Kingdom Holding Company ("KHC") for $2.21 billion, valuing Four Seasons at a $10 bill...
