Century Casinos Gets Acceptance to Deliver Missouri Riverboat Ashore

Posted on: July 16, 2021, 01:33h. 

Previous up-to-date on: July 16, 2021, 01:51h.

Century Casinos mentioned Friday efforts to deliver ashore its namesake location in Caruthersville, Mo., the last riverboat casino in the condition, are shelling out off.

Century Casinos
Gamblers at slot equipment at a Century Casino in Missouri. The business got approval to bring its Caruthersville venue ashore. (Picture: CNBC)

The Colorado-dependent gaming enterprise moves to change Missouri law that beforehand mandated the casino be a “floating facility” or riverboat are bearing fruit.

Heading forward, the Missouri Gaming Fee will have the means to approve a casino facility that is designed as a normal making, as extensive as it also features a container with at minimum 2,000 gallons of water beneath the facility,” in accordance to a statement issued by the enterprise.

Century Casino Caruthersville, which is one particular of a pair of houses operated by the enterprise in Missouri, “is the past remaining riverboat on line casino on open drinking water in Missouri.”

Century Background Missouri

Century acquired the Caruthersville venue and its namesake residence in Cape Girardeau in 2019, partnering with gaming genuine estate financial commitment belief (REIT) VICI Houses on the specials.

All those assets had been acquired from the organization previously known as Eldorado Resorts. It was portion of that firm’s approach to offload some more compact venues major up to its acquisition of Caesars Enjoyment. Individuals gaming attributes, along with the Mountaineer Casino Racetrack and Vacation resort in West Virginia were incorporated in just one transaction.

The overall buy selling price was $385 million, with Century doling out $107 million for running rights. The Caruthersville casino “consists of a dockside on line casino featuring 21,000 sq. ft of on line casino place, 513 slot machines, nine desk video games, two eating venues, a 40,000 sq. foot pavilion, and a 28-space RV park,” according to Century.

Century Aiming for Major Things in Missouri

Foremost up to the Missouri selection on the Caruthersville location, Century acquired parcels of close by land and leased a land-based mostly pavilion making that’s property to a restaurant and multifunctional areas. There is also a tiny two-tale hotel on that land. The operator is planning to enhance that hotel, broaden it to 36 rooms, and have it operational some time in 2022. Info confirms the point out is a very important sector for Century.

Century’s “two casinos in Missouri, Century Casino Caruthersville and Century On line casino Cape Girardeau, function 1,365 slot devices and 32 table games and generated 43 percent of the company’s internet functioning earnings and 104 % of the company’s altered earnings ahead of fascination, taxes, depreciation and amortization (EBITDA) in Q1 2021,” mentioned the operator.

In May possibly, information broke that the organization is mulling the addition of a hotel to its Cape Girardeau on line casino. The addition of lodging there could make the regional gaming location a much more appealing desired destination, and aid the operator greater capitalize on some created-in geographic pros. The city is residence to Southeast Missouri Condition College, and is just 100 miles away from St. Louis and 150 miles from Memphis.

Century’s US venues consist of the two Missouri attributes, the Mountaineer in West Virginia and a pair of casinos in its property point out of Colorado. The enterprise also operates gaming venues in Canada and Poland.