Century Casinos Announces Opening Date for New Land-Based Century Casino & Hotel Caruthersville, MO
Comunicato Precedente
Comunicato Successivo
The new Century Casino & Hotel Caruthersville will have 599 slot machines and nine live table games, a 50% increase in gaming positions compared with the temporary location. The number of hotel rooms will double to 74. The construction of this new land-based casino and hotel started in December 2022 and will be finalized on time and on budget with an estimated project cost of $51.9 million, which has been funded by VICI Properties Inc. ("VICI"). VICI will own the real estate improvements associated with the Caruthersville project, which will become part of the Company's triple net master lease agreement with subsidiaries of VICI. Annual rent under the lease will increase by approximately $4.2 million.
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
the United States the Company operates the following operating segments: (i) in the East, the Mountaineer Casino, Resort & Races in
New Cumberland, West Virginia and Rocky Gap Casino, Resort & Golf in
Flintstone, Maryland; (ii) in the Midwest, the Century Casino & Hotels in
Cape Girardeau and
Caruthersville, Missouri, and Century Casino & Hotels in
Cripple Creek and Central City, Colorado; and (iii) in the West, the Nugget Casino Resort, in
Reno-Sparks, Nevada. In
Alberta, Canada the Company operates Century Casino & Hotel in
Edmonton, the Century Casino in
St. Albert, Century Mile Racetrack and Casino in
Edmonton and Century Downs Racetrack and Casino in
Calgary. In Poland, the Company operates six casinos through its subsidiary Casinos Poland Ltd. The Company continues to pursue other projects in various stages of development.
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 Caruthersville project, timing and costs of new projects, projects in development and other opportunities. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially from forward-looking statements include, among others, risks described in the section entitled "Risk Factors" under Item 1A in the Company's Annual Report on Form 10-K for the year ended December 31, 2023 and in subsequent periodic and current SEC filings the Company may make. Century Casinos disclaims any obligation to revise or update any forward-looking statement that may be made from time to time by it or on its behalf.
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