Century Casinos receives approval for Eldorado casino acquisitions

In June this year, Century Casinos entered into the agreement for the acquisition of the two Missouri casinos, in addition to Mountaineer Casino, Racetrack and Resort, located in West Virginia, for a fee of approximately $107m.

The acquisition of Mountaineer Casino, Racetrack and Resort received approval from the West Virginia Lottery Commission in September.

Isle Casino Cape Girardeau, which opened in 2012, consists of a dockside casino with 41,500 square feet of casino space, 851 gaming machines, 24 table games, three dining venues and an entertainment centre.

Lady Luck Caruthersville, which opened in 1995, features 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.

The deal is expected to close this month, subject to customary closing conditions.

Century Casinos announced net operating revenue of $52.9m for Q3 2019, a 22% rise year-on-year.

Meanwhile, Eldorado shareholders agreed a merger with Caesars Entertainment last month in an acquisition deal worth $17.3bn.

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Owain Flanders

Journalist

Owain Flanders is a journalist who spent over a year with Gambling Insider, first joining as an Editorial Intern in August 2019 before progressing to Staff Writer from November 2019 to December 2020. During his tenure, he covered a wide range of developments across the global gambling and iGaming sectors, producing original news stories, in-depth features and analytical pieces for the Gambling Insider website and its bi-monthly magazine.

Owain interviewed CEOs, analysts and senior marketing executives on emerging trends, regulatory issues and commercial strategy, bringing authoritative insight to a professional B2B audience.

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