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Subsequent Events
3 Months Ended
Mar. 31, 2023
Subsequent Events [Abstract]  
Subsequent Events 15.SUBSEQUENT EVENTS

The Company evaluated subsequent events and accounting and disclosure requirements related to material subsequent events in its condensed consolidated financial statements and related notes.

On April 3, 2023, the Company completed its previously announced acquisition of 100% of the membership interests in Nugget for an aggregate purchase price of approximately $100.0 million (subject to adjustment based on Nugget’s working capital and cash at closing). The OpCo Acquisition was financed with funds from the Acquisition Escrow previously borrowed under the Goldman Credit Agreement.

Nugget did not contribute any net operating revenue or net (loss) earnings attributable to Century Casinos, Inc. shareholders for the three months ended March 31, 2023. The Company is currently completing the fair value assessment of the acquired operations and, as such, the fair value of assets and liabilities of Nugget that will be recognized has not been disclosed.

The Company has incurred acquisition costs related to the OpCo Acquisition of approximately less than $0.1 million and $1.1 million for the three months ended March 31, 2023 and 2022, respectively. The costs include legal and accounting fees and have been recorded as general and administrative expenses on the Company’s condensed consolidated statement of (loss) earnings.

The Company is currently completing the fair value assessment of the acquired operations and, as such, adjustments to Nuggets operating results based on the fair value of assets and liabilities of Nugget as if the OpCo Acquisition had occurred at the beginning of the earliest comparable period presented have not been disclosed.