Century Casinos has completed its acquisition of the Nugget Casino Resort in Nevada from Marnell Gaming in a deal worth around $100m.
Located in Sparks, Nevada, Nugget Casino Resort boasts a gaming floor, with 71,200 square feet of casino space, 892 slot machines, 29 table games, 1,382 hotel rooms, and five dining venues.
Century Casinos previously purchased 50% of the membership interests in Smooth Bourbon, the company which owns the building that Nugget Casino operates within.
Now the acquisition is complete, Nugget and Smooth Bourbon now have a lease agreement for the land and building for an annual rent of $15m.
This deal takes Century Casino’s gaming portfolio to 128 casinos globally, with a total of 6,955 gaming machines, 249 table games and over 3,100 full-time equivalent employees.
The Company explained that, including the Nugget’s financial figures, net operating revenue and adjusted EBITDA for the year would have been $529.6m and $129.9m, respectively.
“We are very excited to be expanding into Nevada,” Erwin Haitzmann and Peter Hoetzinger, Co-Chief Executive Officers of Century Casinos, remarked.
“The Nugget is a great addition to our portfolio. We have plans to update the façade, signage, slot floor, and food and beverage venues of the Nugget. We look forward to working with the staff and community to continue the current success at this property into the future.”
