Century Casinos, Inc. (NASDAQ: CNTY) has unveiled a new, state-of-the-art casino and hotel in Caruthersville, Missouri, marking a significant expansion in its portfolio. The 26,000-square-foot establishment now offers a substantial upgrade in gaming capacity and guest amenities, transforming what was once the last remaining riverboat casino on the Mississippi River into a full-scale, land-based entertainment venue. Funded through a partnership with VICI Properties Inc., this $51.9 million development is poised to attract a broader regional audience and enhance customer experiences in the area.

Significant Expansion in Gaming Capacity

Enhanced Gaming Options: The new Caruthersville casino features 599 slot machines and nine live table games, marking a 50% increase in gaming positions over its previous temporary setup. This expansion significantly enhances the gaming experience, catering to a larger clientele and offering more diverse gaming options.
A Full-Service Entertainment Destination: In addition to the gaming floor, the facility includes a restaurant and bar, providing visitors with a well-rounded entertainment experience. These added amenities aim to create a more attractive and complete destination for guests seeking a night of entertainment.

Investment and Financial Backing

VICI Properties Partnership: The development of this $51.9 million project has been backed by VICI Properties Inc., which owns the real estate improvements associated with the Caruthersville site. This relationship expands Century Casinos’ existing triple-net master lease agreement with VICI, emphasizing a long-term commitment to high-quality real estate partnerships.
Strategic Capital Deployment: With a substantial financial commitment to this project, Century Casinos demonstrates its strategic investment focus on enhancing assets and expanding operations in key markets. This calculated approach is intended to drive sustained growth and value for shareholders.

Redefining Caruthersville’s Casino Landscape

A Transformation from Riverboat to Resort: Century Casinos’ Caruthersville location was formerly the last riverboat casino on the Mississippi River. Over the past two years, it operated temporarily in a small pavilion. The new facility’s land-based, full-scale gaming and accommodation amenities mark a definitive transformation into a modern resort destination.
Improved Guest Accessibility and Convenience: The facility now boasts 74 hotel rooms and an RV park, making it a convenient option for out-of-town guests. Enhanced accessibility and amenities are expected to attract visitors from neighboring states, including Tennessee and Arkansas, broadening the casino’s customer base.

Century Casinos’ Broader Portfolio

Diversified Presence in the United States and Abroad: Century Casinos operates various properties across the U.S., including resorts in West Virginia, Maryland, Colorado, and Nevada. The company also has a presence in Alberta, Canada, and operates six casinos in Poland, highlighting its strategic geographical reach.
Commitment to Growth: Century Casinos continues to pursue additional projects in various development stages, underscoring its commitment to expanding its portfolio. By investing in new ventures and enhancing existing properties, the company remains focused on delivering growth and value to its stakeholders.

Century Casinos on Nasdaq

Publicly Traded Stock: Century Casinos, Inc. is listed on the Nasdaq Capital Market under the symbol CNTY, providing investors with an opportunity to participate in its growth story. This listing aligns with the company’s expansion efforts and its commitment to maintaining a transparent and investor-focused business strategy.
This strategic move by Century Casinos not only amplifies its presence in the Missouri market but also reinforces its dedication to elevating guest experiences across its properties.