Century Casinos Inc
Century Casinos Announces Appointment to Top Leadership Role at the Nugget
Century Casinos Inc. announced that Eric Rose, a long-term regional Vice President and General Manager of the Company, will take over the top leadership role at the Nugget Casino Resort (Nugget).
Eric Rose has been appointed Senior Vice President and General Manager of the Nugget, succeeding the previous general manager who is no longer with the Company.
Rose is a 32-year veteran in gaming and hospitality and previously served as Vice President of Operations in Colorado and General Manager of Century Casino Cripple Creek, Colorado. Rose’s career began in Stateline, Nevada, and has included leadership roles in food and beverage, marketing, and as General Manager in both Nevada and Colorado. Rose also played a pivotal role in the Company’s acquisition of three properties from Caesars Entertainment in 2019. Throughout his career, Rose has proven himself as a leader dedicated to evolving outstanding hospitality paired with exceptional financial discipline in highly competitive casino markets. He has an established track record, unparalleled consistency, and deep knowledge of the hospitality and gaming industries.
“We encountered a challenging first half of the year at the Nugget with lower-than-expected revenue. The Nugget has undergone right-sizing and cost-cutting initiatives. The property has also been further upgraded with investments in more than 120 new slot machines, a high-limit room, refreshes of two restaurants, a repaint of the exterior, exterior and interior signage and display packages. With the appointment of Eric Rose to the top leadership role, we are finalizing the transition, setting the Nugget up for future success,” Erwin Haitzmann and Peter Hoetzinger, Co-Chief Executive Officers of Century Casinos, said.
Century Casinos Inc. announced that its subsidiary, Century Casino & Hotel Cape Girardeau (Century), has entered into a long-term agreement with BetMGM to bring BetMGM’s sports betting platform to the Missouri market.
Under the terms of the agreement, BetMGM will operate an online and mobile sports betting application under Century’s license in Missouri. The agreement includes a percentage of net gaming revenue payable to Century, with a guaranteed minimum, as well as retail sportsbook options to be exercised at Century’s discretion.
“We are excited to partner with BetMGM, a leading online sports betting and gaming entertainment company with a dynamic and innovative brand. This partnership is another step forward in leveraging our Missouri licenses and delivering premium entertainment experiences for our customers,” said Erwin Haitzmann and Peter Hoetzinger, Co-Chief Executive Officers of Century Casinos.
The post Century Casinos Announces Sports Betting Partnership with BetMGM in Missouri appeared first on Gaming and Gambling Industry in the Americas.
Century Casino & Hotel Caruthersville
Century Casinos Announces Opening Date for New Land-Based Century Casino & Hotel Caruthersville, MO
Century Casinos Inc. announced that its new land-based casino and hotel in Caruthersville, Missouri will open on November 1, 2024.
This news follows the Missouri Gaming Commission’s approval to transfer the Century Casino & Hotel Caruthersville gaming license from a temporary pavilion to the new land-based location.
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.
Century Casinos Inc. announced that it opened its hotel in Cape Girardeau, Missouri, The Riverview.
The Riverview is a 69 room, six-story building with 68,000 square feet that is adjacent to and connected with Century Casino Cape Girardeau. The project cost $30.5 million and was financed with cash on hand.
The Company is also constructing a new land-based casino with a 38 room hotel in Caruthersville, Missouri. The project continues to be on time and on budget with an estimated project cost of $51.9 million. Construction started in December 2022 with completion expected in the fourth quarter of 2024. The Company is funding this project through VICI Properties Inc. (VICI). Following completion, VICI will own the real estate improvements associated with the Caruthersville project, which will become a part of the Company’s triple net lease agreement with subsidiaries of VICI.
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