Century Casinos completes acquisition
Century has announced the completion of the acquisition of operations of three casinos from Eldorado Resorts.
US.- Century Casinos has announced that it completed the acquisition of the operations of Isle Casino Cape Girardeau, Lady Luck Caruthersville and Mountaineer Casino, Racetrack and Resort from Eldorado Resorts.
The deal for the three casinos was worth approximately US$107 million, the company revealed. Simultaneous with the closing of the operation, VICI Properties acquire the real estate assets of the three casino properties and the company entered into a triple net lease agreement for such real estate with VICI. The lease has an initial annual rent of approximately US$25 million and an initial term of 15 years, with four five-year renewal options.
“We are very excited to be expanding into Missouri and West Virginia,” Erwin Haitzmann and Peter Hoetzinger, Co-Chief Executive Officers of Century Casinos, remarked. “Cape Girardeau, Caruthersville and Mountaineer are great additions to our portfolio. We look forward to working with the staff and communities to continue the current success at these properties into the future,” Haitzmann and Hoetzinger concluded.
With this transaction, the company’s portfolio increased to 18 casinos world-wide that include over 7,185 gaming machines, 285 table games and 3,400 employees.
