Century Casinos has purchased three properties from Eldorado Resorts. Follow us for more best real money online casino bonuses and news.
Century Casinos has completed a deal to buy three properties from a colleague, Eldorado Resorts. Century acquired Cape Girardeau Isle Casino in Cape Girardeau, Missouri, Lady Luck Caruthersville and Caruthersville, Missouri, and Mountaineer Casino, Racetrack and Resort in New Cumberland, West Virginia, paying a total of $ 107 million for Eldorado.
Back in June, Eldorado announced that it had entered into an agreement to sell the three Century properties. The company aims to reduce its casinos as it prepares to merge its Las Vegas gaming and hotel operations with Caesars Entertainment Corp. Both companies are expected to be scrutinized by federal and state agencies that are reviewing their combination to land several more properties due to competition concerns.
Century Casinos is certainly pleased with the deal. Century executives announced they have finalized the acquisition of the three Eldorado properties last Friday. The company also noted that at the time of the completion of the transaction, VICI Properties invests in real estate has acquired real estate assets from the three casino properties. Century also entered into a triple lease agreement with VICI for the three gambling properties. The casino operator will pay an initial annual rent of about $ 25 million. The initial lease term is 15 years, with an option for extensions of 4-5 more years.
Commenting on the new properties of their casinos, Century Casinos co-chairs Erwin Haitzmann and Peter Hoetzinger shared that they are extremely happy and excited about the opportunity to have casinos in Missouri and West Virginia and look forward to working with the staff of these properties and their reception facilities to continue their continued success in the future.
Isle Casino Cape Girardeau is a great property located along the Mississippi River and opened in 2012. The property has a 41,500-square-foot port casino, three retail outlets, an entertainment center and an event center. The gaming part of the complex has 863 gaming machines and 20 board games.
Lady Luck Caruthersville opened its doors in 1995. It currently includes a port casino with 507 slot machines and nine table games, two outlets and more. The third property of the deal – Planinaineer Casino, Racetrack and Resort is a casino hotel, also offering many other leisure activities. It is located just one hour from downtown Pittsburgh, PA. The property first opened as a race track in 1951. The casino in the property was added in 1994. Follow us for more best real money online casino bonuses and news.