COLORADO SPRINGS, Colo., July 16, 2021 /PRNewswire/ — Century Casinos, Inc. (Nasdaq Capital Market®: CNTY) (“Century Casinos” or the “Business”) introduced nowadays the most up-to-date developments at Century On line casino Caruthersville in Missouri.
Attempts to improve a Missouri law that required every on line casino to be a “floating facility” have been prosperous. Heading ahead, the Missouri Gaming Commission will have the ability to approve a casino facility that is developed as a conventional building as lengthy as it also contains a container with at the very least 2,000 gallons of water beneath the facility. This alter opens the chance for Century On line casino Caruthersville, which is the final remaining riverboat on line casino on open up h2o in Missouri, to shift to a non-floating facility.
The Company also ordered parcels of land concerning land previously leased by the Company and the land-primarily based Pavilion constructing, which is made up of a cafe, multifunctional areas and an entrance to the walkway to the riverboat on line casino. The buys also come with a small, existing two-story lodge. The land buys deliver strategic options for the future casino and hotel progress and much better access to parking. The Firm has already begun doing work with a renowned architecture business to develop ideas for the new on line casino and resort facility. The Company will refurbish the present resort with the objective to reopen it with 36 rooms by early 2022. There is at this time no other lodge positioned in downtown Caruthersville.
The quantity of obtainable on line casino licenses in Missouri remains capped at 13, and casino facilities are nevertheless expected to be situated within 1,000 ft of the Mississippi or Missouri rivers. The Firm’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 created 43% of the Firm’s net functioning income and 104% of the Company’s Altered EBITDA1 in Q1 2021.
“We are very grateful to the Missouri legislature, the Caruthersville community and our administration in Missouri for getting driven and supported our profitable initiatives in Missouri,” Erwin Haitzmann and Peter Hoetzinger, Co Main Executive Officers of Century Casinos remarked. “We appear forward to bringing remarkable enhancements to our home in Caruthersville,” Haitzmann and Hoetzinger concluded.
About Century Casinos, Inc.:
Century Casinos, Inc. is a casino amusement enterprise. The Corporation owns and operates Century Casino & Hotels in Cripple Creek and Central Town, Colorado, and in Edmonton, Alberta, Canada the Century On line casino in Cape Girardeau and Caruthersville, Missouri, and in St. Albert, Alberta, Canada Mountaineer 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 operate the pari-mutuel off-observe horse betting networks in southern and northern Alberta, respectively. Via its Austrian subsidiary, Century Resorts Management GmbH (“CRM”), the Enterprise retains a 66.6% ownership interest in Casinos Poland Ltd., the proprietor and operator of eight casinos throughout Poland and a 75% possession fascination in Century Downs Racetrack and On line casino in Calgary, Alberta, Canada. The Corporation has an settlement to function two ship-dependent casinos. The Firm, by means of CRM, also owns a 7.5% interest in, and presents consulting expert services to, Mendoza Central Entretenimientos S.A., a corporation that offers gaming-relevant solutions to Casino de Mendoza in Mendoza, Argentina. The Corporation proceeds to go after other initiatives in many levels of enhancement.