Century Casinos Announces Opening Date for New Land-Based Century Casino & Hotel Caruthersville, MO
Century Casinos announced the opening of its new land-based Century Casino & Hotel Caruthersville in Missouri on November 1, 2024, following Missouri Gaming Commission's approval. The new facility represents a significant expansion with 599 slot machines and nine live table games, marking a 50% increase in gaming positions. The hotel capacity will double to 74 rooms. The $51.9 million project, funded by VICI Properties, was completed on time and on budget since construction began in December 2022. The property will be part of a triple net master lease agreement with VICI, increasing annual rent by $4.2 million.
Century Casinos ha annunciato l'apertura del suo nuovo Century Casino & Hotel Caruthersville in Missouri il 1° novembre 2024, dopo l'approvazione della Missouri Gaming Commission. La nuova struttura rappresenta un'espansione significativa con 599 macchine da gioco e nove giochi da tavolo dal vivo, segnando un aumento del 50% nelle posizioni di gioco. La capacità dell'hotel raddoppierà a 74 camere. Il progetto da 51,9 milioni di dollari, finanziato da VICI Properties, è stato completato nei tempi e nei budget previsti da quando i lavori sono iniziati nel dicembre 2022. La proprietà sarà parte di un contratto di locazione master triple net con VICI, aumentando l'affitto annuale di 4,2 milioni di dollari.
Century Casinos anunció la apertura de su nuevo Century Casino & Hotel Caruthersville en Missouri el 1 de noviembre de 2024, tras la aprobación de la Comisión de Juego de Missouri. La nueva instalación representa una expansión significativa con 599 máquinas tragamonedas y nueve juegos de mesa en vivo, marcando un aumento del 50% en las posiciones de juego. La capacidad del hotel se duplicará a 74 habitaciones. El proyecto de 51,9 millones de dólares, financiado por VICI Properties, se completó a tiempo y dentro del presupuesto desde que comenzó la construcción en diciembre de 2022. La propiedad será parte de un contrato de arrendamiento maestro triple neto con VICI, aumentando la renta anual en 4,2 millones de dólares.
센추리 카지노가 미주리주에서 센추리 카지노 & 호텔 카루서스빌의 개장을 2024년 11월 1일로 발표했습니다. 이는 미주리 게임 위원회의 승인에 따른 것입니다. 새로운 시설은 599대의 슬롯 머신과 9개의 라이브 테이블 게임을 포함하여 게임 포지션이 50% 증가하는 중요한 확장을 나타냅니다. 호텔 용량은 74개 객실로 두 배 증가합니다. VICI Properties가 자금을 지원한 이 5,190만 달러 프로젝트는 2022년 12월 건설이 시작된 이후 제시간에 예산 내에서 완료되었습니다. 이 부동산은 VICI와의 삼중 순임대 계약의 일부가 되어 연간 임대료가 420만 달러 증가할 것입니다.
Century Casinos a annoncé l'ouverture de son nouveau Century Casino & Hotel Caruthersville dans le Missouri le 1er novembre 2024, suite à l'approbation de la Commission des jeux du Missouri. La nouvelle installation représente une expansion significative avec 599 machines à sous et neuf jeux de table en direct, marquant une augmentation de 50 % des postes de jeu. La capacité de l'hôtel sera doublée à 74 chambres. Le projet de 51,9 millions de dollars, financé par VICI Properties, a été achevé dans les délais et dans le budget depuis le début de la construction en décembre 2022. La propriété fera partie d'un contrat de location maître triple net avec VICI, augmentant le loyer annuel de 4,2 millions de dollars.
Century Casinos hat die Eröffnung seines neuen Century Casino & Hotel Caruthersville in Missouri am 1. November 2024 bekannt gegeben, nachdem die Missouri Gaming Commission zugestimmt hat. Die neue Einrichtung stellt eine bedeutende Erweiterung dar mit 599 Spielautomaten und neun Live-Tischspielen, was einen Anstieg von 50% in den Spielpositionen bedeutet. Die Hotelkapazität wird sich auf 74 Zimmer verdoppeln. Das 51,9 Millionen Dollar Projekt, das von VICI Properties finanziert wurde, wurde pünktlich und im Budgetrahmen fertiggestellt, nachdem im Dezember 2022 der Bau begonnen hatte. Die Immobilie wird Teil eines dreifachen Netto-Masterleasingvertrags mit VICI sein, der die Jahresmiete um 4,2 Millionen Dollar erhöht.
- 50% increase in gaming positions with 599 slot machines and nine table games
- Hotel capacity doubled to 74 rooms
- Project completed on time and on budget at $51.9 million
- Successful transition from temporary pavilion to permanent land-based facility
- Additional $4.2 million in annual rent expenses
Insights
The relocation of Century Casino Caruthersville from a temporary pavilion to a permanent land-based facility represents a significant operational expansion. The
The financial structure is particularly noteworthy - VICI's ownership of real estate improvements and the triple net master lease arrangement, with an annual rent increase of
The completion on time and within budget demonstrates strong project management and should positively impact investor confidence. The expanded gaming floor and hotel capacity should drive revenue growth, particularly important in the competitive Missouri gaming market.
At today's meeting, the Missouri Gaming Commission approved the move of the Century Casino & Hotel Caruthersville gaming license from the temporary pavilion location to the new land-based casino. This approval clears the path for the November 1, 2024 opening.
The new Century Casino & Hotel Caruthersville will have 599 slot machines and nine live table games, a
The opening of the new land-based casino will be celebrated with a ribbon-cutting event at 11:30 a.m. Central Time on Friday, November 1, and a flurry of activities over the opening weekend.
About Century Casinos, Inc.:
Century Casinos, Inc. is a casino entertainment company. In
Century Casinos' common stock trades on The Nasdaq Capital Market® under the symbol CNTY. For more information about Century Casinos, visit our website at www.cnty.com.
This release and the presentation referenced therein may contain certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These statements are based on the beliefs and assumptions of the management of Century Casinos based on information currently available to management. Such forward-looking statements include, but are not limited to, statements regarding the Company's
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SOURCE Century Casinos, Inc.
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