Century Casinos has received approval from the West Virginia Lottery Commission to acquire the Mountaineer Casino, Racetrack and Resort from Eldorado Resorts.
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.
Century entered into a definitive agreement with Eldorado to acquire the property in June 2019, alongside Isle Casino Cape Girardeau and Lady Luck Caruthersville, located in Missouri, for circa $107m.
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.
“We are very excited to be expanding into West Virginia,” Erwin Haitzmann and Peter Hoetzinger, Co-Chief Executive Officers of Century Casinos, said in a joint statement. “Mountaineer is a great addition to our portfolio and will be our third racetrack and casino property. We look forward to working with the staff and community to continue the current success at Mountaineer into the future.”