Century Casinos, a public gaming company listed on the Nasdaq stock exchange, closed its first public stock offering since its founding in 1992. Our firm advised the company on the offering, which consisted of 4,887,500 shares of common stock.
The offering included the full exercise by the underwriters of their over-allotment option to purchase 637,500 additional shares at $7.50 per share. Total net proceeds to the company from the offering amounted to approximately $34.4 million, some of which will fund the construction of its Century Mile racetrack project.
