Century Casinos has completed its acquisition of the Nugget Casino Resort in Nevada
Notably, a year prior, Century Casinos purchased a 50% stake in Smooth Bourbon, the company that owns the land on which the casino is situated. Nugget has since entered into a lease agreement for the land and building, with an annual rent of $15 million (1.23 billion rubles). Under the terms of the completed deal, Smooth Bourbon will become a consolidated subsidiary of Century.
Co-CEOs Peter Hetsinger and Erwin Heitzmann expressed their enthusiasm for expanding in Nevada, describing Nugget as an excellent addition to their portfolio. They also announced plans for updates to the façade, signage, gaming floor, and dining areas. "We look forward to working closely with the staff and the community to maintain the current success of this hotel in the future," Century Casinos stated.
The Nugget entertainment complex is located in Sparks, near Interstate 80 and close to the Reno-Tahoe International Airport. It offers a wide range of amenities, including a large casino floor, conference rooms totaling 10,600 square meters, and various dining options. Guests can enjoy an outdoor amphitheater with over 8,500 seats, several lounges and bars, as well as a five-story parking garage with 1,200 spaces. The complex features two hotel towers with a total of 1,382 rooms. The casino itself spans 6,600 square meters, housing 892 slot machines and 29 gaming tables.
In related news, Paradise Co's casino revenue in March was reported to be 125.5% higher than in 2022.
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