Hoetzinger said the company receives 75% of its revenue from properties in the United States, 14% from Canada, and 11% from Poland. Once the deals close, Century expects 94% of its cash flow will be generated in North American properties.Ĭentury Casinos co-CEOs Peter Hoetzinger and Erwin Haitzmannįormed in 1992, Century has 17 casinos, some affiliated with horse tracks, with properties in Cripple Creek and Central City, Colorado Cape Girardeau and Caruthersville, Missouri New Cumberland, West Virginia with four more in Alberta, Canada, and running eight in Poland’s 52 government-sanctioned casinos. Century has a $ 350 million financial commitment from Goldman Sachs and a $ 30 million line of credit to finance the deals. In addition to acquiring the Nug get, Century announced in August that it is acquiring the operations of the Rocky Gap Casino Resorts in Maryland for $56.1 million from Golden Entertainment in a $260 million transaction that involves Vic i Properties as the real estate holder. It also has several casual and fine dining restaurants and 110,000 square feet of convention space.Ĭentury Casino executives said one of their priorities will be to expand the gaming floor with 100 new slot machines and to upgrade a central bar in the casino, according to the above-mentioned media. The Nugget, three miles from Reno-Tahoe International Airport, has a 50,200-square-foot casino with 859 slot machines, 29 table games, and an 8,555-seat outdoor amphitheater with a five-story, 1,200-space parking garage and an additional 1,272 parking spaces. īoard members questioned Century Casinos co-CEOs Peter Hoetzinger and Erwin Haitzmann and several other executives during the hearing, with members remarking they were satisfied with the records of all applicants, as reported by the Las Vegas Review-Journal.
M arn ell is part of a family of Las Vegas - based companies that have designed and built several properties in Southern Nevada, including the M Resort.
Just over a year ago, Century announced plans to buy the Nugget - a twin - t owered, nearly 68 - year - old, 1, 600 - room resort on Interstate 80, just east of Reno - from M arnell Gaming for $195 million. Now, the Nevada Gaming Commission is expected to consider final approval of the deal on March 23, and the deal is expected to close in mid-2023. The board granted the application for registration and findings of suitability for several executives from the company. On Wednesday, the Nevada Gaming Control Board unanimously recommended Century Casinos for licensing to acquire the Nugget Casino Resort in Sparks.
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