Exciting Developments: Century Casinos Set to Launch New Caruthersville Casino and Hotel
Century Casinos has officially announced the grand opening of its highly anticipated land-based casino and hotel in Caruthersville, Missouri, scheduled for November 1, 2024. This new establishment is not just a simple addition to the local entertainment landscape; it marks a significant upgrade from the current temporary pavilion setup, promising enhanced amenities and an overall revitalized gaming experience.
A Major Approval from the Missouri Gaming Commission
In a crucial development for the project, the Missouri Gaming Commission has given its stamp of approval for the relocation of the Century Casino & Hotel Caruthersville gaming license. This license, previously held for the temporary pavilion, has now been transferred to the upcoming land-based facility, paving the way for the official transition and ensuring compliance with state regulations.
Expanded Gaming Options and Facilities
One of the most exciting features of the new casino is the expanded gaming options it will offer. The establishment will feature 599 slot machines and nine live table games, representing a 50% increase in gaming positions compared to its predecessor. This significant expansion will provide both locals and visitors with a wider variety of gaming experiences to choose from, enhancing the appeal of Century Casino as a gaming destination.
But the improvements don’t stop at gaming. The new facility will also double the number of hotel rooms, increasing from 37 to 74 elegantly designed rooms. This increase is expected to cater to the needs of a growing number of visitors, making overnight stays more convenient and appealing for guests looking to enjoy a weekend getaway or an extended stay.
Investment and Construction Insights
The construction of this new land-based casino and hotel began in December 2022, and Century Casinos is committed to delivering the project on time and within its estimated budget of $51.9 million. Funding for the project has been secured through a partnership with VICI Properties Inc. (VICI), which will own the real estate improvements tied to the Caruthersville project. This financial backing is crucial for ensuring the completion of the project and the successful launch of the casino.
Notably, under the triple-net master lease agreement with VICI, the annual rent for the property is set to increase by approximately $4.2 million following the completion of the new facility. This financial model not only supports VICI’s investment but also indicates strong confidence in the expected revenue generation from the casino and hotel.
A Grand Opening Celebration to Remember
As the November opening date approaches, Century Casinos plans to kick off the festivities with a ribbon-cutting ceremony at 11:30 a.m. Central Time on Friday, November 1. The opening weekend promises to be packed with a variety of activities designed to celebrate this significant milestone for the company and the local community. Attendees can expect promotions, entertainment, and special surprises to mark the occasion, creating a memorable experience for all participants.
Conclusion: A New Era for Caruthersville
The launch of the Century Casino & Hotel in Caruthersville is not just a significant milestone for Century Casinos but a transformative moment for the local economy and community. The expansion of gaming options, coupled with increased hospitality facilities, promises to attract both local enthusiasts and tourists, ultimately enriching the local entertainment landscape.
As the opening date approaches, excitement is building, and stakeholders are poised to witness the positive impact this venture will bring to Caruthersville and beyond. Whether you’re a gaming aficionado, a visitor to the region, or a local resident, the new Century Casino & Hotel is set to offer an exceptional experience that will create lasting memories for years to come.
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