Actualités des opérateurs

États-Unis – Century Casinos conclut un accord avec Nugget à Reno

Century Casinos has completed the acquisition of 50 per cent of the membership interests in Smooth Bourbon from Marnell Gaming for $95m.

PropCo owns the land and building underlying the Nugget Casino Resort and has entered into a lease with Nugget Sparks, which operates the Casino Nugget, for an annual rent of $15m. The Company will receive $1.9m per quarter (before any expenses pursuant to the lease) for its share of the rent from OpCo.

The company entered into a Membership Interest Purchase Agreement with the Seller in February 2022 to acquire the PropCo membership interests and to purchase 100 per cent of the membership interests in OpCo for an additional $100m. The purchase of OpCo is expected to occur within one year and is subject to approval by the Nevada Gaming Commission. Following the Second Closing, the company will own the operating assets of the Casino and 50 per cent of the membership interests in PropCo. The company also has a five-year option to acquire the remaining 50 per cent of the membership interests in PropCo for $105m plus two per cent per annum.

The company financed the Acquisition with a new credit facility that was issued by Goldman Sachs Bank USA on the closing date. The credit facility also refinanced the company’s existing debt and will finance the OpCo purchase on the Second Closing.

“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 Casinos du siècle,” Erwin Haitzmann and Peter Hoetzinger, Co-Chief Executive Officers of Century Casinos remarked. “We believe there is a lot of upside to this transaction and that we identified some areas of improvement to continue the Nugget’s growth. We expect the Nugget to seamlessly integrate and provide added synergies for Century Casinos’ US portfolio,” they concluded.

Nugget Casino Resort est situé à Sparks, dans le Nevada, idéalement situé sur l'Interstate 80 avec un accès facile depuis l'aéroport international de Reno-Tahoe (environ trois miles). Le complexe à service complet comprend une grande salle de jeux, deux tours d'hôtel, 110,000 8,555 pieds carrés d'espace de congrès, un amphithéâtre extérieur de 5 1,200 places, une grande variété d'options de restauration décontractées et raffinées en plus de plusieurs bars et salons sur place, et un Garage de stationnement sur 1,272 étages de 50,200 859 places et 29 1,382 places de stationnement supplémentaires. La propriété comprend 100.4 32.8 pieds carrés d'espace de casino, 31 machines à sous, 2021 jeux de table, XNUMX XNUMX chambres d'hôtel et sept restaurants. Le Nugget Casino Resort a enregistré un chiffre d'affaires net de XNUMX millions de dollars et un EBITDA ajusté de XNUMX millions de dollars sur la base des résultats préliminaires pour l'exercice clos le XNUMX décembre XNUMX.