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Century Casino Acquires Business Ownership Of Rocky Gap Casino Resort In Maryland
Century Casino announced it has entered into a definitive agreement to acquire Rocky Gap Casino Resort operations from Lake Maryland Development, LLC for approximately $56 million. The company will use cash from its balance sheet to finance the acquisition.
Upon closing the transaction, an affiliate of VICI Properties Inc. will acquire property assets for approximately $240 million, and the company will modify its triple net lease with VICI to add Rocky Gap properties. The lease modification will include approximately $15.5 million in initial annual rent for Rocky Gap casinos.
The purchase price for casino operations is 4.9x 2021 implied earnings before interest, taxes, depreciation and amortization. This multiple deducts annual rent from VICI rent from EBITDA, excluding potential cost synergies and operational improvements. The acquisition is expected to contribute immediately to the company's revenue.
“The addition of Rocky Gap is another important milestone in our pursuit to acquire prime US assets. With this acquisition and our pending acquisition of the Nugget Casino Resort in Nevada, we will oversee a US portfolio that reaches from east to west,” Erwin Haitzmann and Peter Hoetzinger, Co-Chief Executive Officers of Century Casinos remarked. “We are looking forward to working with the Maryland Lottery and Gaming Control Agency to obtain gaming approvals and with the casino leadership and team members to ef fect a smooth transition and great future for Rocky Gap,” they concluded. 안전 슬롯사이트
Rocky Gap is located in Flintstone, Maryland in Rocky Gap State Park, which attracts over half a million visitors annually. The full-service resort sits on approximately 270 acres and includes an 18-hole golf course designed by Jack Nicklaus, a 5,000 square-foot events center, several meeting spaces, a spa, and several outdoor activities. The property consists of over 25,000 square feet of gaming floor, 630 slot machines, 16 table games, 198 hotel rooms and five food and beverage venues. Rocky Gap Casino Resort had net operating revenue of $78 million and Adjusted EBITDA of $27 million for the year ended 31 December 2021.
The property has recently invested $10 million in improvements to its hotel, slot machines, restaurants, and sports lounge. There is potential to expand the casino and hotel and capture more customers from adjacent markets. Additionally, Century will have the opportunity to partner with a sports betting operator in Maryland to bring sports betting to Rocky Gap.
Upon closing of the Rocky Gap acquisition and the pending acquisition of Nugget Sparks, LLC which operates the Nugget Casino Resort in Sparks, NV, the Company’s North American portfolio will increase to 11 casinos that include 7,140 gaming machines and 158 table games. On a pro-forma basis after giving effect to the two acquisitions, the Company expects to generate 94% of its Adjusted EBITDA from its North American casinos.
The transaction is expected to close mid-2023, subject to regulatory and governmental approvals and customary closing conditions.
Stifel acted as exclusive financial advisor and Faegre Drinker Biddle & Reath LLP acted as legal counsel to the Company in connection with the acquisition.
Slot to inherit Klopp legacy, compatibility with Liverpool?
Klopp is stepping down after nine years in Liverpool
Liverpool's new head coach Arne Slot.
Liverpool, which has been accompanied by coach Jurgen Klopp for nine years, will face the era of Arne Slot (45, Netherlands) next season.
Liverpool said on its official website on the 21st that it has agreed to a contract with Slot, and will officially take over as manager from June 1. Slot is the first head coach from the Netherlands in Liverpool's history.
"Coach Slot will join Liverpool after three successful years at Feyenoord (the Netherlands)," he said. "He led the Dutch regular league in the 2022-2023 season and was named the Eredivisie Coach of the Year twice."
Coach Klopp, who took over as Liverpool manager in October 2015, put his team at the top of the table for nine seasons. In particular, in the 2019-20 season, he won his team the 19th trophy of his career and the first trophy since the launch of the Premier League, and won the FA Cup in the 2021-22 season, the EFL Cup in the 2021-22 and 2023-24 seasons, and the UEFA Champions League in the 2018-19 season.
However, Klopp, who put a lot of energy into performing as a coach, announced that he would put down the baton at the end of this season and stepped down with loud applause from Liverpool fans after the final regular season match against Wolverhampton on the 20th.
Klopp's replacement is a slot manager who has recently been in the spotlight.
Slot, who did not stand out much as a player, began his full-fledged coaching career after retiring as an active coach in 2013 and becoming the head coach of AZ Alkmaar in 2019.
Recognized for his leadership, he moved to Feyenoord, one of the prestigious Dutch clubs, and led the team to second place in the UEFA Europa Conference in his first year, winning the Eredivisie in the 2022-23 season and even lifting the KNVB Cup, the association's cup tournament this season, in a heartbeat.
Klopp completes his accompanying trip with Liverpool. 안전놀이터
Slot made his name known to Korean soccer fans last year. Probably, because Tottenham, which parted ways with Antonio Conte in April last year, contacted Slot. However, due to penalty issues, no official contract was signed, and Slot, who spent another season in the Netherlands, will move to Liverpool to replace Klopp.
Analysts say that his tactical style is similar to that of Manchester City coach Pep Guardiola. However, some positive predict that Slot's tactics will be more intense than Guardiola's, and that he will match Liverpool's soccer color, which used to enjoy using Gegen Pressing, by ordering more aggressive plays.
Anxiety is apparently due to verification in the big leagues. Once the Dutch coach, he needs to deal with language problems and deal with players with high names. If Slot makes a soft landing on an unfamiliar stage, he will be able to take another long term.
Son Heung-min and Walker are excluded from the top 10
Speed racer Mickey van der Ben 23, Tottenham Hotspur conquered the Premier League PL following the Bundesliga.
"Tottenham star Van Der Ben has become the fastest player in the PL since he started counting records. He had a great debut season at Tottenham and became the fastest player in PL history."
Dutch center back Van Der Ben left Wolfsburg last summer and joined Tottenham Hotspur. Manager Enzi Postecoglou tried to use him as his new pillar of the team's defense. Tottenham was willing to invest 43 million pounds 74.5 billion won for the transfer.
Van de Ben is 193 centimeters tall and boasts build-up capability using his left foot. His biggest strength is his explosive speed. Van de Ben boasted the fastest sprint speed in the Bundesliga last season with a maximum speed of 35.9 kilometers per hour.
Van de Ben quickly established himself as a key Tottenham resource as expected. He played in 29 games throughout all tournaments, covering a wide back space with his fast feet. Van de Ben's stake was large for Postecoglou to raise the line to his heart's content and play offensive football.
Tottenham fans also applauded generously for Van de Ben. He was named the Tottenham Hotspur's Player of the Year by his fans from the first season, and has emerged as a flagship player of his team. He beat out "captain" Son Heung-min and goalkeeper Guglielmo Vicario.
Furthermore, Van Der Ben set a record for the fastest PL speed in the 2023-2024 season. According to the soccer statistics magazine "Squaka," the fastest speed ever reached 37.38 km/h, surpassing the speed when he was playing in the Bundesliga.
Squaka said, "One of Tottenham's highlights of the season has been Van der Ben. The summer freshman has been incredibly key in Tottenham's football. Tottenham suffered when Van der Ben was absent. During the months of November and December when he injured his hamstring, he only scored one point in five games."
It even made history in the PL. Squaka said, "Van de Ben is not only the best defender, but he is also incredible in speed. This helps Coach Enzi Postecoglou raise the line as he intended. Van de Ben was recorded as the fastest center back in the Bundesliga last season, and this season he topped the PL. The 37.37km/h is the fastest speed in the PL since we started collecting data for the 2020-2021 season!"
The fastest striker was Chiedoji Ogbene Luton Town. He ranked second after Van der Ben with 36.93 km/h. Among midfielders, Jakub Moder Brighton with 36.84 km/h, and Robert Sanchez Chelsea with 35.11 km/h were the fastest goalkeepers. 토토사이트 추천
Some players were unexpectedly absent from the list. They include Kyle Walker Manchester City, Mykhailo Mudryk Chelsea, and Son Heung-min Tottenham, who have boasted incredible speed for several years. All of them are known for their fierce speed, but they were not included in the top 10. Give Me Sports said, "Walker has performed well, utilizing his quickness. Now, however, there are signs that the age of 33 is starting to catch up with him."
South Korea Women's Volleyball Defeated Shutout by China, VNL 28 Consecutive Losses
First game under Morales...Kang So Hwi, 12 points
The Korean women's volleyball team started off with a loss at the 2024 International Volleyball Federation (FIVB) Volleyball Nations League (VNL). Its consecutive losses in the VNL increased to 28.
The Korean national team led by Fernando Morales (world No. 40) was completely defeated by China, world No. 6 (15-25 16-25 14-25) in the first game of the first week of the tournament at Maracaranginho Gymnasium in Rio de Janeiro, Brazil on the 15th.
It was the first game under Morales, who took the helm in March, but there was no reversal. He knelt to China without even reaching 20 points in every set.
Kang So-hwi (Korea Expressway Corporation) scored 12 points including two serve aces, but failed to prevent his defeat. Kang was the only player in Korea to score double-digit points. 토토사이트 순위
China had four players scoring in double digits.
South Korea also fell behind in blocking (6-12) and serving (4-6).
Korea has lost 28 consecutive games in the VNL. In 2022 and 2023, it suffered humiliating loss of all 12 games for the second consecutive year.
South Korea, which started this year's VNL with a complete defeat, will play its second game against Brazil (ranking third) at 2 a.m. on the 17th.
Women's Volleyball Team Beats China In First Game Of The Morales
The Korean women's volleyball team was completely defeated by China in the first game of the Fédération Internationale de Volleyball (FIVB) 2024 Volleyball Nations League (VNL).
The women's national volleyball team led by Fernando Morales was defeated by China with a set score of 0-3 (15-25 16-25 14-25) in the first game of the first week of VNL held at Maracaranginho Gymnasium in Rio de Janeiro, Brazil on Saturday (Korea time). It was a humiliating game that took just one hour and 11 minutes.
As a result, Korea's consecutive losses in VNL have increased to 28. Korea lost 24 consecutive games in VNL after winning points for two consecutive years in 2022 and 2023.
Korea, ranked 40th in the FIVB rankings, fell far behind sixth-ranked China in the height battle. The team trailed 6-12 in blocking points, and was also 21-44 in attack points.
In China, as many as four players scored double-digit points. In contrast, Kang So-hwi (Korea Expressway Corporation) scored 12 points, the most in his team.
South Korea will play the second game against Brazil (third place) at 2 a.m. on the 17th. 토토사이트 추천
