Century Gaming is expanding its presence in the Reno gaming market by acquiring the Nugget Casino Resort. The transaction, valued at $195 million, entails purchasing stock from two entities that possess and manage the resort. It’s akin to acquiring portions of a business to ultimately gain complete ownership.
This acquisition encompasses a lease agreement for the property and grants Century Casinos the right to purchase the remaining shares within a five-year timeframe. To facilitate this, they have obtained substantial financing.
Situated just beyond Reno, Nevada, the Nugget Casino Resort features an expansive gaming floor, a multitude of slot machines, a wide array of table games, over a thousand hotel accommodations, and multiple dining establishments.
Century Casinos’ executives conveyed enthusiasm regarding the purchase, viewing it as a valuable asset to their holdings. They eagerly anticipate integrating the Nugget Casino’s staff into their organization.
We were truly enthusiastic about this purchase – we observe significant promise in Nugget and possess excellent strategies to facilitate its continued expansion. We are certain it will seamlessly integrate with our existing casino portfolio in the United States, and that collaboratively, we can attain remarkable achievements.
