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Century Casinos provides update on land-based project in Caruthersville

Century Casinos has confirmed that it broke ground on its new land-based casino and hotel development at Century Casino Caruthersville on December 2.

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The venue will offer 650 slot machines, with the possibility of an expansion of up to 140 additional slot machines. Also included are table games, a deli and a bar, with the 38-room hotel to be located in a hotel tower between the existing pavilion and the new casino. It will offer views of the Mississippi River and the city of Caruthersville.

Subject to final regulatory approval from the Missouri Gaming Commission and other state and local approvals, the new casino and hotel are scheduled to open in late 2024.

The project is set to cost approximately $51.9m, with the group entering into an amendment to its Master Lease with VICI Properties (VICI) in order to finance it.

Following completion, VICI will own the real estate improvements associated with the project, with annual rent under the Master Lease to increase by approximately $4.2m after completion.

After the groundbreaking ceremony, Century Casinos hosted a grand opening of the Farmstead, a 36-room hotel located close to the existing pavilion and the new land-based venue in Caruthersville.

The group completed the purchase of the Farmstead land and building in July last year, completely renovating the hotel building into a contemporary Missouri farmhouse-style hotel at a cost of approximately $3.7m.

Through the developments, Century Casinos noted that it is transforming Century Casino Caruthersville from the last remaining riverboat casino on the Mississippi River to a full destination resort.


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