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Century Casinos, Inc. Receives Approval from West Virginia Lottery Commission for Acquisition of Mountaineer Casino, Racetrack and Resort
Mountaineer is a hotel, casino, entertainment and live thoroughbred horse racing facility located in New Cumberland, West Virginia , one hour from downtown Pittsburgh, Pennsylvania . The property originally opened in 1951 with the casino opening in 1994 and features a 357-room hotel, approximately 1,486 slot machines, 36 table games, a poker room, a racetrack and five dining venues.
In June 2019 , the Company entered into a definitive agreement with Eldorado Resorts to acquire the operations of Mountaineer, Isle Casino Cape Girardeau, located in Cape Girardeau, Missouri , and Lady Luck Caruthersville, located in Caruthersville, Missouri , from Eldorado Resorts for approximately $107.0 million (the "Acquisition"). The transaction, which is expected to close in early 2020, is subject to approval of the Missouri Gaming Commission as well as other customary closing conditions.
Century Casinos, Inc. is an international casino entertainment company that operates worldwide. The Company owns and operates Century Casino & Hotels in
Cripple Creek and
Central City, Colorado , and in Edmonton, Alberta, Canada ; the Century Casino in
Calgary and St. Albert, Alberta, Canada and in
Bath, England ; the Century Mile Racetrack and Casino ("CMR") in
Edmonton, Alberta, Canada ; and Century Bets! Inc. ("CBS"). CBS and CMR operate the pari-mutuel off-track horse betting networks in southern and northern
Alberta , respectively. Through its Austrian subsidiary, Century Resorts Management GmbH ("CRM"), the Company holds a 66.6% ownership interest in Casinos Poland Ltd., the operator of eight casinos throughout
Poland ; and, a 75% ownership interest in Century Downs Racetrack and Casino in Calgary,
Alberta, Canada . The Company operates five ship-based casinos. The Company, through CRM, also owns a 7.5% interest in, and provides consulting services to, Mendoza Central Entretenimientos S.A., a company that provides gaming-related services to Casino de Mendoza in Mendoza, Argentina. The Company continues to pursue other international projects in various stages of development.
Century Casinos' common stock trades on The Nasdaq Capital Market® under the symbol CNTY. For more information about Century Casinos, visit our website at www.cnty.com.
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