Century Casinos is making significant strides in Missouri! They recently debuted a new gaming destination, the Riverview Hotel, enhancing the state’s gambling landscape.
This six-story lodging establishment is adjacent to their current Century Casino, featuring 69 accommodations and a sprawling 68,000 square feet. Remarkably, they self-funded the entire $3.05 million endeavor!
And there’s more on the horizon! Century Casinos is also constructing an entirely new casino and hotel complex in Caruthersville, Missouri. This substantial project remains on track and within budget, carrying a total cost of $5.19 million. Construction commenced in December 2022, with a target opening date in late 2024.
Vici Properties is financing this Missouri venture and will assume ownership upon its completion. This property will then fall under an existing arrangement between Century Casinos and Vici.
Peter Hoetzinger, the CEO of Century Casinos, is eager to showcase these exciting developments and engage with prospective investors. This follows Century Casinos’ divestiture of some of their Canadian holdings for a substantial $162.4 million at the close of 2023.
Century Casinos opted to enter a lease agreement with Vici Properties for their Canadian holdings. This strategic action enables them to reduce outstanding liabilities and enhances their financial maneuverability in the future. They anticipate bolstering their current partnership with Vici Properties.
admin