Century Casinos Offers Updates about Century On line casino Caruthersville in Missouri
COLORADO SPRINGS, Colo., July 16, 2021 /PRNewswire/ — Century Casinos, Inc. (Nasdaq Cash Market®: CNTY) (“Century Casinos” or the “Firm”) announced currently the most recent developments at Century On line casino Caruthersville in Missouri.
Initiatives to improve a Missouri law that necessary each and every casino to be a “floating facility” have been profitable. Heading ahead, the Missouri Gaming Fee will have the capacity to approve a casino facility that is constructed as a standard setting up as prolonged as it also includes a container with at the very least 2,000 gallons of h2o beneath the facility. This adjust opens the possibility for Century Casino Caruthersville, which is the previous remaining riverboat on line casino on open up drinking water in Missouri, to transfer to a non-floating facility.
The Corporation also obtained parcels of land involving land by now leased by the Corporation and the land-dependent Pavilion making, which includes a restaurant, multifunctional spaces and an entrance to the walkway to the riverboat casino. The buys also occur with a modest, existing two-story lodge. The land purchases present strategic choices for the future on line casino and hotel enhancement and improved obtain to parking. The Firm has previously began operating with a renowned architecture firm to establish ideas for the new on line casino and hotel facility. The Enterprise will refurbish the current resort with the goal to reopen it with 36 rooms by early 2022. There is now no other hotel located in downtown Caruthersville.
The selection of accessible casino licenses in Missouri remains capped at 13, and on line casino facilities are nevertheless necessary to be found within just 1,000 ft of the Mississippi or Missouri rivers. The Firm’s two casinos in Missouri, Century Casino Caruthersville and Century Casino Cape Girardeau, operate 1,365 slot machines and 32 desk games and created 43% of the Firm’s web running earnings and 104% of the Firm’s Modified EBITDA1 in Q1 2021.
“We are extremely thankful to the Missouri legislature, the Caruthersville community and our administration in Missouri for obtaining pushed and supported our thriving attempts in Missouri,” Erwin Haitzmann and Peter Hoetzinger, Co Chief Executive Officers of Century Casinos remarked. “We seem forward to bringing interesting enhancements to our home in Caruthersville,” Haitzmann and Hoetzinger concluded.
About Century Casinos, Inc.:
Century Casinos, Inc. is a casino amusement company. The Business owns and operates Century On line casino & Accommodations in Cripple Creek and Central City, Colorado, and in Edmonton, Alberta, Canada the Century Casino in Cape Girardeau and Caruthersville, Missouri, and in St. Albert, Alberta, Canada Mountaineer On line casino, Racetrack & Vacation resort in New Cumberland, West Virginia the Century Mile Racetrack and Casino (“CMR”) in Edmonton, Alberta, Canada and Century Bets! Inc. (“CBS”). CBS and CMR work the pari-mutuel off-monitor horse betting networks in southern and northern Alberta, respectively. By way of its Austrian subsidiary, Century Resorts Management GmbH (“CRM”), the Corporation retains a 66.6% ownership fascination in Casinos Poland Ltd., the operator and operator of 8 casinos throughout Poland and a 75% ownership fascination in Century Downs Racetrack and Casino in Calgary, Alberta, Canada. The Firm has an settlement to run two ship-dependent casinos. The Enterprise, through CRM, also owns a 7.5% fascination in, and gives consulting solutions to, Mendoza Central Entretenimientos S.A., a organization that supplies gaming-connected companies to Casino de Mendoza in Mendoza, Argentina. The Corporation carries on to pursue other tasks in numerous phases of advancement.