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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuan t t o Sectio n 1 3 o r 1 5(d) o f th e Securitie s Exchang e Ac t o f 1934

Dat e o f Repor t (Dat e o f earlies t even t reported): February 22, 2022

CENTURY CASINOS, INC.

(Exac t Nam e o f Registran t a s specifie d i n it s charter)

Delaware | 0-22900 | 84-1271317
(State or other jurisdiction | (Commission | (I.R.S. Employer
of incorporation) | File Number) | Identification Number)

455 E. Pikes Peak Ave., Suite 210, Colorado Springs, Colorado | 80903
(Address of principal executive offices) | (Zip Code)
Registrant’s telephone number, including area code: | 719-527-8300

Check the appropriate box below if the Form 8-K filin g i s intende d t o simultaneousl y satisf y th e filin g obligatio n o f th e registran t unde r an y o f th e following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-1 2 unde r th e Exchang e Ac t (1 7 CF R 240.14a-12)

¨ Pre-commencemen t communication s pursuan t t o Rul e 14d-2(b) unde r th e Exchang e Ac t (1 7 CF R 240.14d-2(b))

¨ Pre-commencemen t communications pursuan t t o Rul e 13e-4(c) unde r th e Exchang e Ac t (1 7 CF R 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class | Trading Symbol(s) | Name of each exchange on which registered
Common Stock, $0.01 Per Share Par Value | CNTY | Nasdaq Capital Market, Inc.

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

‎

Item 7.01 Regulation FD Disclosure.

On February 23, 2022, Century Casinos, Inc. (the “Company”) issued a press release announcing that it has entered into a definitive agreement to acquire 50% of Smooth Bourbon, LLC (“PropCo”) and 100% of Nugget Sparks, LLC (“OpCo”) dba Nugget Casino Resort (“Nugget”) from Marnell Gaming, LLC for $195 million. The Company will also have a five-year option to purchase the remaining 50% of PropCo for $105 million plus 2% per annum. In connection with the acquisition, the Company has received a commitment letter from Goldman Sachs Bank USA for (a) $350 million in senior secured term loan financing to support the acquisition, refinance the Company’s existing debt and for general corporate purposes and (b) a $30 million senior secured revolving credit facility.

A copy of the press release is being furnished as Exhibit 99.1 to this Current Report. The Company is furnishing as Exhibit 99.2 to this Current Report a presentation relating to the Nugget to be used in future meetings with investors, stockholders and analysts.

The information in this Current Report and Exhibit 99.1 and 99.2 attached hereto (i) is being furnished and shall not be deemed “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and (ii) shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Forward-Looking Statements

This communication (including Exhibit 99.1 and 99.2) may contain certain “forward-looking statements” within the meaning of Section 27A of the Securities Act, Section 21E of the Exchange Act, and the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as “expect,” “anticipate,” “believe,” “intend,” “estimate,” “plan,” “target,” “goal,” or similar expressions, or future or conditional verbs such as “will,” “may,” “might,” “should,” “would,” “could,” or similar variations. These statements are based on the beliefs and assumptions of the management of the Company based on information currently available to management. Such forward-looking statements include, but are not limited to, certain plans, expectations, goals, projections, and statements about the benefits of the transaction, as well as the Company’s plans, objectives, expectations, intentions, and other statements relating to cash flow and operating results. Such forward-looking statements include, but are not limited to, certain plans, expectations, goals, projections, and statements about the benefits of the transaction, as well as Century Casinos’ plans, objectives, expectations, intentions, and other statements relating to cash flow and operating results, a new credit facility and debt repayment; the possibility that the transaction does not close when expected or at all because conditions to closing are not satisfied on a timely basis or at all; potential adverse reactions or changes to business or employee relationships, including those resulting from the completion of the transaction; the possibility that the anticipated benefits of the transaction are not realized when expected or at all. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially from forward-looking statements include, among others, risks described in the section entitled “Risk Factors” under Item 1A in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020, and in subsequent periodic and current SEC filings the Company may make. Century Casinos disclaims any obligation to revise or update any forward-looking statement that may be made from time to time by it or on its behalf.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No. |  | Description
99.1 |  | Century Casinos, Inc. Press Release dated February 23, 2022
99.2 |  | Century Casinos, Inc. Investor Presentation dated February 23, 2022
104 |  | Cover Page Interactive Data File, formatted in Inline XBRL

SIGNATURE

Pursuan t t o th e requirement s o f th e Securitie s Exchang e Ac t o f 1934, th e Registran t ha s dul y cause d thi s repor t t o b e signe d o n it s behal f b y th e undersigned hereunt o dul y authorized.

Centur y Casinos, Inc.

Date: February 22, 2022

B y: /s/ Margare t Stapleton

Margare t S tapleton

Chief Financial Officer