Business
Century Casinos, Inc. Receives Approval from Missouri Gaming Commission for Acquisition of Isle Casino Cape Girardeau and Lady Luck Caruthersville
COLORADO SPRINGS, Colo., Dec. 4, 2019 /PRNewswire/ -- Century Casinos, Inc. (Nasdaq Capital Market®: CNTY) ("Century Casinos" or the "Company"), announced
About this update from Century Casinos, Inc.
[{"type":"text","content":"COLORADO SPRINGS, Colo., Dec. 4, 2019 /PRNewswire/ -- Century Casinos, Inc. (Nasdaq Capital Market®: CNTY) (\"Century Casinos\" or the \"Company\"), announced today that it has received approval from the Missouri Gaming Commission to acquire the Isle Casino Cape Girardeau (\"Cape Girardeau\") and Lady Luck Caruthersville (\"Caruthersville\") from Eldorado Resorts, Inc. (\"Eldorado Resorts\").\n\n \nIsle Casino Cape Girardeau is located in Cape Girardeau, Missouri, approximately 120 miles south of St. Louis, Missouri, overlooking the Mississippi river. The property opened in 2012 and consists of a dockside casino featuring 41,500 square feet of casino space, 851 gaming machines, 24 table games, three dining venues, a pavilion and an entertainment center. The property also includes a wide variety of non-gaming amenities, including an events center.\nLady Luck Caruthersville is a riverboat casino located along the Mississippi river in Caruthersville, Missouri. The property opened in 1995 and consists of a dockside casino featuring 21,000 square feet of casino space, 513 slot machines, nine table games, two dining venues, a 40,000 square foot pavilion and a 28-space RV park.\nIn June 2019, the Company entered into a definitive agreement with Eldorado Resorts to acquire the operations of Cape Girardeau, Caruthersville and Mountaineer Casino, Racetrack and Resort, located in New Cumberland, West Virginia, from Eldorado Resorts for approximately $107.0 million (the \"Acquisition\"). The Acquisition, which is expected to close in December 2019, is subject to customary closing conditions.\nAbout Century Casinos, Inc.:Century Casinos, Inc. is an international casino entertainment company that operates worldwide. The Company owns and operates Century Casino & Hotels in Cripple Creek and Central City, Colorado, and in Edmonton, Alberta, Canada; the Century Casino in Calgary and St. Albert, Alberta, Canada and in Bath, England; the Century Mile Racetrack and Casino (\"CMR\") in Edmonton, Alberta, Canada; and Century Bets! Inc. (\"CBS\"). CBS and CMR operate the pari-mutuel off-track horse betting networks in southern and northern Alberta, respectively. Through its Austrian subsidiary, Century Resorts Management GmbH (\"CRM\"), the Company holds a 66.6% ownership interest in Casinos Poland Ltd., the operator of eight casinos throughout Po...