Vici properties inc. announces agreement to provide capital through its partner property growth fund for century casinos' expansion

New york--( business wire )--vici properties inc. (nyse: vici) (the “company” or “vici” or “vici properties”) announced today that it will utilize its partner property growth fund to provide capital for an exciting expansion project for century casinos, inc. (nasdaq: cnty) (“century” or “century casinos”). the project consists of a new land-based casino with an adjacent 38-room hotel tower at century casino caruthersville, located in caruthersville, missouri. pursuant to an amendment to the existing master lease between the parties, vici will own the real estate improvements associated with these projects, which are expected to cost approximately $51.9 million, and annual rent under the master lease with century will increase by approximately $4.2 million following completion of the projects.
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