Century Casinos

Note that guests submit their subscores and their overall scores independently, so there’s no direct link between them. Century merged in March 1994 with Alpine Gaming, parent company of the Long Branch Saloon & Casino in Cripple Creek, Colorado. Century then purchased the adjacent Womack’s Saloon & Gaming Parlor in 1996 for $13.5 million. The combined property would take on the Century Casino name in 2010. The company operates ten casinos in Colorado, Missouri, West Virginia, and Alberta. It also operates casinos on four cruise ships for TUI Cruises. It owns a 67 percent share in Casinos Poland, which owns and operates seven casinos in Poland. Century Casinos continued to implement its long-term strategy of improvement at Womacks Casino in Cripple Creek.

An exclusive 20-year service agreement provided Century Casinos with a fee based on gross revenues and a gaming equipment lease with pay based on a percentage of net profit. The casino opened in July 1999 with 15 gaming tables, 70 gaming machines, and a VIP gaming area. In April 2000, a Century Casinos joint venture obtained a gaming license for operations in Caledon, South Africa, the only license for the Overberg region and one of five in the province of Western Cape. Construction began immediately on the property, located near popular tourist areas along the coast east of Cape Town. By September, the main structure was completed and celebrated according to local tradition with a “roof-wetting” ceremony. The Caledon Casino, Hotel & Spa opened in October, offering 14 game tables and 250 slot machines. With a 50 percent ownership in the property, Century Casinos signed a ten-year management agreement with its local partner, Fortes-King Hospitality. Shifting of resources followed as Century Casinos sold its Central City property in June 1994 for $1.9 million in order to pursue opportunities elsewhere. This proved to be a wise decision as casino development in nearby Blackhawk eventually overshadowed Central City and attracted more gamblers. The company purchased the Ranch House Casino in Wells, Nevada, for $850,000. The 18,000-square-foot facility provided 6,000 square feet of gaming space.

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Century also shuffled its holdings in South Africa, acquiring a majority stake in the Monte Vista Casino in Newcastle and selling its interest in the Gauteng casino project. Century’s cruise ship casino business began in April 1994, when it began operating the casino on the Silver Cloud under a concession agreement with Silversea Cruises. Worldwide casino consulting ranging from design, equipment selection, operating policies and procedures to turn-key development. A highly recognized brand throughout Poland with eight casinos located in upscale hotels inter alia in Warsaw, Krakow and Wroclaw. The gaming, dining and events hot spot in the center of vibrant Central City, Colorado. Subject to approval from the Nevada Gaming Commission, Century will also purchase 100% of OpCo for $100.0m. This acquisition, Century said, is expected to meaningfully enhance its free cash flow, as well as be immediately accretive to earnings.

Switzerland County Development made a final lump sum payment of $1.4 million in January 2000 when the riverboat casino opened. The company’s first gaming operation set sail with the August 1993 inaugural voyage of the Albatross, a deluxe, yacht-like cruise ship operated by V. Ships of Monte Carlo. The luxurious Silver Cloud, operated by Silversea, a newly acquired subsidiary of V. Ships, initiated service from Civitavecchia near Rome in April 1994. In August 2000, Century Casinos signed a casino concession agreement with The World of ResidenSea, the first luxury resort residences aboard an ocean-going vessel. The ship offered 110 residences, from 1,000 square feet to 3,200 square feet, as well as 88 guest suites, with purchase prices starting at $2 million. The five-year agreement involved provision of gaming equipment and casino management while the ship traveled around the world year round with an emphasis on warm climates. The World of ResidenSea launched from Oslo, Norway, in March 2002, carrying a 40-position game room operated by Century Casinos. By December, the company completed construction on conference and meeting facilities and refurbishment of a hotel on the property, providing 92 rooms, including six luxury suites. Construction continued on facilities at the property’s natural hot mineral springs. At this time Century Casinos acquired an additional 15 percent ownership in the property.

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Next, the company financed the development of the Century Downs Racetrack and Casino near Calgary, which it also managed from its opening in 2015. In October 2016, Century acquired the Apex Casino in St. Albert for $12.3 million, and then renamed it as Century Casino St. Albert. The expansion in Alberta continued in April 2019, when the company opened the Century Mile Racetrack and Casino in the Edmonton area. In 2006, the company opened a Century Casino & Hotel in Central City, Colorado and another property by the same name in Edmonton, Alberta.

Rhino Resort was granted a gaming license for the $40 million project, but in February 2002 another Gauteng gaming company, Tsogo Sun Holdings, appealed to the gaming authorities to revoke license. The courts overturned the licensure the following September. Century Casinos’ long-term development strategy for Cripple Creek progressed in 2001 and 2002. In early 2001, the company transformed the second floor of Womacks into ten luxury hotel rooms, completing construction in July for a total of 18 hotel rooms. The loss of gaming space was regained through a $2.5 million expansion project. Construction began in March 2002, adding 3,000 square feet to the casino for an overall increase in gaming space as the company added 60 new slot machines. Another 3,000 square feet provided space for back-of-the-house functions.

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After booking, all of the property’s details, including telephone and address, are provided in your booking confirmation and your account. “Century Casinos reports opening of new casino resort on Newcastle, South Africa” . In November 1995, Century signed a $1.1-million deal to manage a casino planned for the Greek island of Rhodes, being developed by a consortium including Playboy Enterprises. The company turned over its duties to Playboy before the casino opened. In August 1995, the company proposed to build a casino in Alexandria, Louisiana. The Louisiana Riverboat Gaming Commission, however, did not award the one available casino license to Century, instead selecting the application for Horseshoe Bossier City. Investors need to pay close attention to Century Casinos stock based on the movements in the options market lately. The deal comes after Century last month ended its association with Century Casino Calgary after selling the land that houses the casino facility. “We have been looking at entering the Reno market for a long time, and we believe the Nugget is a perfect fit for our portfolio. We look forward to welcoming the great team at the Nugget to Century Casinos,” Century Casinos co-chief executives Erwin Haitzmann and Peter Hoetzinger said.

Featuring 21,000 square feet of casino space, 507 slot machines, nine table games, two dining venues, a 40,000 square foot pavilion and a 28-space RV park. A dockside casino featuring 41,500 square feet of casino space, 863 gaming machines, 20 table games, three dining venues, a pavilion and an entertainment center. Located in Cape Girardeau, Missouri, approximately 120 miles south of St. Louis, Missouri, overlooking the Mississippi river. With Womacks as a strategic stronghold and a reserve of funds from the company’s previous projects, Century Casinos sought international gaming opportunities. The company negotiated an early settlement with the Soboba Indians in 1998, receiving a final payment of $500,000 on the $2.5 million debt. When Switzerland County Development obtained a gaming license in September 1998, Century Casinos received a payment of $431,000. With groundbreaking in 1999, Century Casinos received an additional $1 million.