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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2019
Acquisitions [Abstract]  
Schedule Of Estimated Fair Values Of Assets And Liabilities





 

 

 

Amounts in thousands

 

 

Cash

 

$

13,688 

Receivables

 

 

3,400 

Prepaid expenses

 

 

2,949 

Inventories

 

 

1,047 

Property and equipment

 

 

28,824 

Property subject to financing obligation

 

 

277,800 

Leased right-of-use assets

 

 

127 

Casino licenses

 

 

28,922 

Players club lists

 

 

20,373 

Trademarks

 

 

2,368 

Deposits and other

 

 

329 

Accounts payable

 

 

(690)

Accrued liabilities

 

 

(6,299)

Accrued payroll

 

 

(2,969)

Operating lease liabilities

 

 

(127)

Financing obligation to VICI Properties, Inc. subsidiaries (1)

 

 

(277,800)

Net identifiable assets acquired

 

 

91,942 

Add: Goodwill

 

 

18,629 

Net assets acquired

 

$

110,571 



(1)

See Note 8 for additional information about the Master Lease.

Purchase Consideration - Cash Outflow



 

 

 

Amounts in thousands

 

 

 

Outflow of cash to acquire subsidiaries, net of cash acquired

 

 

 

Cash consideration

 

$

110,571 

Less: cash and restricted cash balances acquired

 

 

(13,942)

Net cash - investing activities

 

$

96,629 



Schedule Of Unaudited Pro Forma Information



 

 

 

 

 



 

 

 

 

 



For the year ended



December 31,



 

2019

 

 

2018

Amounts in thousands, except for per share information

(Unaudited)

 

(Unaudited)

Net operating revenue

$

422,716 

 

$

388,102 

Net (loss) earnings attributable to Century Casinos, Inc. shareholders

$

(13,588)

 

$

2,268 

Basic and diluted (loss) earnings per share

$

(0.46)

 

$

0.06