Century Casinos to acquire Nevadas Nugget Casino Resort

The $13.5 million price included $3 million in assumed debt and $5.2 million in seller financing, with the balance paid in cash. The company preserved the Womacks name and folded the Legends casino into it. After interior remodeling to link the adjacent properties and the addition of new gaming devices, Womacks became the second largest casino in Cripple Creek, with nearly 600 gaming devices. With $2 million in funds from private investors in Europe, Century Casinos Management, as the company was called originally, planned to develop a network of managed and owned casinos. Projects included an agreement to manage a gaming facility on the Soboba Indian Reservation near San Jacinto, California, and to develop riverboat casinos in Louisiana and Indiana. In September 1993, Century Casinos acquired out of foreclosure Terp’s Casino in Central City, Colorado, 30 miles west of Denver, for $1.45 million. Plans involved remodeling and renaming the property under the brand Legends. Century Casinos formed in late 1992 when five men brought their experience in the European gaming industry to the United States.

The five-year agreement covered the Silver Cloud and the Silver Wind as well as two new six-star, luxury vessels for a total of 160 gaming positions. The inaugural voyage of the Silver Shadow took place in September 2000, and the original two ships sailed in October and November, respectively. Passenger traffic declined after the September 11, 2001 terrorist attacks on the World Trade Center and Pentagon, however, leading Silversea to suspend service on the Silver Wind in October 2001. In November 1994, the company submitted an application to build a casino in Portage des Sioux, Missouri. The application languished amid an informal moratorium on the issuance of new gaming licenses by the Missouri Gaming Commission. Century’s development agreement with the city eventually expired. That’s how we know our reviews come from real guests who have stayed at the property. If you have any additional questions, please let us know and we are happy to assist. Only a customer who has booked through Booking.com and stayed at the property in question can write a review. This lets us know that our reviews come from real guests, like you. Marketing for the property included the Gold Club, a player tracking system that provided members with special offers on food and merchandise, as well as cash for gaming, based on previous game play.

Century Downs Racetrack and Casino

Century also shuffled its holdings in South Africa, acquiring a majority stake in the Monte Vista Casino in Newcastle and selling its interest in the Gauteng casino project. Century’s cruise ship casino business began in April 1994, when it began operating the casino on the Silver Cloud under a concession agreement with Silversea Cruises. Worldwide casino consulting ranging from design, equipment selection, operating policies and procedures to turn-key development. A highly recognized brand throughout Poland with eight casinos located in upscale hotels inter alia in Warsaw, Krakow and Wroclaw. The gaming, dining and events hot spot in the center of vibrant Central City, Colorado. Subject to approval from the Nevada Gaming Commission, Century will also purchase 100% of OpCo for $100.0m. This acquisition, Century said, is expected to meaningfully enhance its free cash flow, as well as be immediately accretive to earnings.

Century Casinos, Inc. operates casinos worldwide through direct ownership or management agreements. The company owns Womacks Casino and Hotel in Cripple Creek, Colorado, providing more than 675 gaming machines and game tables, casual and fine dining, and 21 hotel rooms. Century Casinos holds a 65 percent ownership in the Caledon Casino, Hotel & Spa east of Capetown, South Africa, providing over 250 gaming options. Through a long-term management agreement, the company operates Casino Millennium, a 5,000-square-foot gaming area located in the five-star Marriott Hotel in Prague, Czech Republic. The company offers consulting services for all stages of casino development, including market research, casino design, equipment selection, and operations management. Century Casinos continued to pursue international opportunities. In November 2001, the company joined a consortium to seek a gaming license in the beach resort town of Punta del Este, Uruguay. The project involved a resort, a convention center, and a casino with over 1,000 gaming positions. Century Casinos sought to acquire a 50 percent ownership stake in Casino Millennium, pending government approval. The company purchased a 50 percent stake in Rhino Resort Limited in September 2001 as it continued to pursue a gaming license for Gauteng Province, near Johannesburg.

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In 2000, Century was awarded a license for a casino in Caledon, South Africa, which it would manage and co-own. In 2001, Century agreed to co-develop another casino in South Africa, to be built in the province of Gauteng. Century moved its headquarters from Denver to Colorado Springs in 1996, to be closer to its casino properties in Cripple Creek.

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Century Resorts Management

The deal also includes a five-year option to purchase the remaining 50% stake in PropCo for $105.0m, plus 2% per annum. Booking.com is part of Booking Holdings Inc., the world leader in online travel and related services. Yes, Century Casino & Hotel – Central City is popular with guests booking family stays. Guests are required to show a photo identification and credit card upon check-in. Please note that all Special Requests are subject to availability and additional charges may apply.

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  • Construction began immediately on the property, located near popular tourist areas along the coast east of Cape Town.
  • The following June, Alpine Gaming took the name Century Casinos, Inc. and the Long Branch was renamed Legends.