Century Casinos Receives Green Signal For Casino Acquisitions
Zacks Investment Research | Dec 04, 2019 09:29PM ET
Century Casinos, Inc. (NASDAQ:CNTY) has received a go-ahead from the Missouri Gaming Commission for the acquisitions of the Isle Casino Cape Girardeau ("Cape Girardeau") and Lady Luck Caruthersville ("Caruthersville").
In June, Century Casinos had entered into an agreement with Eldorado Resorts to acquire the operations of Isle Casino Cape Girardeau (“Cape Girardeau”), Lady Luck Caruthersville (“Caruthersville”) and Mountaineer Casino, Racetrack and Resort (“Mountaineer”) for nearly $107 million. The acquisition is likely to be sealed this December.
Isle Casino Cape Girardeau, established in 2012, has 41,500 square feet of casino space, 851 gaming machines, 24 table games, three dining venues, a pavilion as well as an entertainment center.
Lady Luck Caruthersville has 21,000 square feet of casino space, 513 slot machines, nine table games, two dining venues, a 40,000 square foot pavilion as well as a 28-space RV park.
Year to date, Century Casinos, which shares space with Boyd Gaming Corporation (NYSE:BYD) , Caesars Entertainment Corporation (NASDAQ:CZR) and Las Vegas Sands Corp. (NYSE:LVS) , has increased 7.3% compared with the Zacks Investment Research
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