Rocky Gap Casino will soon be under new ownership.
Last week Golden Entertainment announced that it will sell Rocky Gap Casino to Century Casinos and VICI Properties for $260 million.
According to the press release, the breakdown of the sale includes Century Casinos acquiring the casino operations for $56.1 million and VICI Properties acquiring the land for and buildings associated with the casino for $203.9 million.
Rocky Gap opened in 2013 and has been under Golden Entertainment’s operation since 2015. The Maryland casino was one of 10 casinos that Golden Entertainment owned, the remaining nine are all in Nevada.
“Since Golden began operating Rocky Gap seven years ago, we have invested our resources to enhance the property’s amenities and our contributions to the State of Maryland,” Chairman and Chief Executive Officer of Golden Entertainment Blake Sartini said in a press release. “We are confident that Century Casinos will be a terrific operator of Rocky Gap and a strong partner to the community going forward.”
The sale is expected to close sometime next year.
Rocky Gap is located in Flintstone, Md., and is one of the six casinos in the state. The casino resort features more than 600 slot machines, table games, a spa, multiple restaurants, a golf course, and hotel rooms.
Other Century Casinos Properties
Century Casinos was founded in 1992 and owns a variety of properties. In the United States, Century Casinos operates:
- Mountaineer Casino, Racetrack & Resort in New Cumberland, W. Va.
- Century Casino Cape Girardeau in Missouri
- Century Casino Caruthersville in Missouri
- Century Casino & Hotel Cripple Creek in Colorado
- Century Casino & Hotel Central City in Colorado
Century Casinos also operates properties in Canada.
Maryland Casinos Revenue
There are currently six retail casinos Maryland:
- MGM National Harbor in Oxon Hill
- Horseshoe Baltimore Casino in Baltimore
- Live! Casino Hotel Maryland in Hanover
- Ocean Downs Casino in Berlin
- Hollywood Casino Perryville in Perryville
- Rocky Gap Casino & Resort in Flintstone
During Fiscal Year 2022, which ran from July 1, 2021, to June 30, 2022, Maryland Lottery and Gaming contributed $1.5 billion to the state. It was a record-setting year for the state.
Of that $1.5 billion, $832.3 million came from casino gaming. Rocky Gap brought in the smallest revenue of all the casinos with $65.6 million on the year.
July was a record month for the casinos with a total of $181.5 million in gross gaming revenue.
It comes as no surprise that MGM National Harbor led the way with $77.2 million while Live! Casino & Hotel had the second largest earnings with $61.5 million.
The rest are Horseshoe Casino with $18.3 million, Ocean Downs with $10.5 million, Hollywood Casino with $7.5 million, and Rocky Gap with $6.2 million.
Rocky Gap is the only casino to not have a retail sportsbook. The casino was one of the 17 facilities designated for retail sports betting licenses by the Maryland Lottery and Gaming Commission but hasn’t added sports betting yet.
Adding a sportsbook could be something that Century Casino could do once they take control of the casino.
About the Author
