COLORADO SPRINGS, Colo., July 16, 2021 /PRNewswire/ — Century Casinos, Inc. (Nasdaq Money Market®: CNTY) (“Century Casinos” or the “Business”) declared now the most current developments at Century On line casino Caruthersville in Missouri.
Efforts to change a Missouri law that expected each individual on line casino to be a “floating facility” have been thriving. Likely forward, the Missouri Gaming Commission will have the ability to approve a casino facility that is designed as a regular constructing as extensive as it also includes a container with at minimum 2,000 gallons of water beneath the facility. This modify opens the prospect for Century Casino Caruthersville, which is the very last remaining riverboat casino on open water in Missouri, to transfer to a non-floating facility.
The Company also procured parcels of land involving land currently leased by the Firm and the land-centered Pavilion constructing, which includes a cafe, multifunctional areas and an entrance to the walkway to the riverboat on line casino. The buys also appear with a tiny, present two-story resort. The land purchases supply strategic alternatives for the upcoming casino and lodge progress and superior accessibility to parking. The Organization has by now begun doing work with a renowned architecture firm to develop ideas for the new on line casino and hotel facility. The Business will refurbish the current resort with the objective to reopen it with 36 rooms by early 2022. There is at present no other hotel positioned in downtown Caruthersville.
The selection of out there casino licenses in Missouri remains capped at 13, and casino facilities are however essential to be located inside of 1,000 toes of the Mississippi or Missouri rivers. The Company’s two casinos in Missouri, Century On line casino Caruthersville and Century Casino Cape Girardeau, run 1,365 slot equipment and 32 desk video games and produced 43% of the Company’s internet operating earnings and 104% of the Company’s Adjusted EBITDA1 in Q1 2021.
“We are really thankful to the Missouri legislature, the Caruthersville community and our management in Missouri for obtaining pushed and supported our prosperous attempts in Missouri,” Erwin Haitzmann and Peter Hoetzinger, Co Chief Government Officers of Century Casinos remarked. “We glance forward to bringing remarkable improvements to our property in Caruthersville,” Haitzmann and Hoetzinger concluded.
About Century Casinos, Inc.:
Century Casinos, Inc. is a casino entertainment business. The Company owns and operates Century On line casino & Hotels 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 & 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 run the pari-mutuel off-track horse betting networks in southern and northern Alberta, respectively. By way of its Austrian subsidiary, Century Resorts Management GmbH (“CRM”), the Company holds a 66.6% ownership desire in Casinos Poland Ltd., the operator and operator of eight casinos throughout Poland and a 75% possession desire in Century Downs Racetrack and Casino in Calgary, Alberta, Canada. The Company has an arrangement to operate two ship-dependent casinos. The Firm, through CRM, also owns a 7.5% curiosity in, and gives consulting expert services to, Mendoza Central Entretenimientos S.A., a organization that supplies gaming-relevant companies to On line casino de Mendoza in Mendoza, Argentina. The Enterprise proceeds to pursue other jobs in various levels of advancement.