{"id":100,"date":"2024-06-14T04:01:43","date_gmt":"2024-06-14T01:01:43","guid":{"rendered":"https:\/\/freespinsonregistrationnodeposit.icu\/2024\/06\/14\/century-gaming-acquires-nugget-casino-resort-in-reno-for-195-million\/"},"modified":"2024-06-17T12:57:33","modified_gmt":"2024-06-17T09:57:33","slug":"century-gaming-acquires-nugget-casino-resort-in-reno-for-195-million","status":"publish","type":"post","link":"https:\/\/freespinsonregistrationnodeposit.icu\/2024\/06\/14\/century-gaming-acquires-nugget-casino-resort-in-reno-for-195-million\/","title":{"rendered":"Century Gaming Acquires Nugget Casino Resort in Reno for $195 Million"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/RUGcalLC3YY\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Century Gaming is significantly expanding its presence in the Reno gaming market with the acquisition of the Nugget Casino Resort.  The transaction, valued at $195 million, grants them operational control and a strategic position in this prominent Nevada gaming destination.<\/p>\n<p>Colorado-based Century Gaming reached an agreement with Marnell Gaming to acquire a 50% ownership in Smooth Bourbon LLC, the entity that holds the resort&#8217;s land and structures, for $95 million.  Additionally, they are paying $100 million for Nugget Sparks LLC, the operator of the casino, which will now lease the property for an annual fee of $15 million. Century Gaming has secured the option to purchase the remaining 50% of Smooth Bourbon LLC within the next five years for $105 million plus accrued interest.<\/p>\n<p>Goldman Sachs is facilitating this acquisition by providing a $330 million loan. This financing will cover the refinancing of Century Gaming&#8217;s existing debt obligations and provide supplementary capital.<\/p>\n<p>Situated just outside of Reno in Sparks, Nevada, the Nugget Casino Resort boasts a 50,200 square foot casino floor featuring more than 850 slot machines and 29 table games.  The resort also encompasses 1,382 hotel rooms and seven dining establishments.<\/p>\n<p>&#8220;Entering the Reno market has been a long-standing goal, and we view the Nugget Casino Resort as an ideal addition to our holdings,&#8221; remarked Erwin Haitzmann and Peter Hoetzinger, Co-CEOs of Century Gaming.  &#8220;We are thrilled to welcome the Nugget&#8217;s skilled team to the Century Gaming family.&#8221; <\/p>\n<p>We were truly enthusiastic about this agreement and its inherent possibilities. We&#8217;ve identified a few key areas for enhancement to elevate &#8220;Nugget&#8221; to new heights. <\/p>\n<p>We firmly believe &#8220;Nugget&#8221; will seamlessly integrate with Century Casinos&#8217; existing portfolio of US properties, and we anticipate impressive outcomes from this collaboration. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Century Gaming is significantly expanding its presence in the Reno gaming market with the acquisition&hellip;<\/p>\n","protected":false},"author":33,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Century Gaming Strikes Gold, Acquires Reno<\/title>\n<meta name=\"description\" content=\"Century Gaming shakes up Reno\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/freespinsonregistrationnodeposit.icu\/2024\/06\/14\/century-gaming-acquires-nugget-casino-resort-in-reno-for-195-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Century Gaming Acquires Nugget Casino Resort in Reno for $195 Million\" \/>\n<meta property=\"og:description\" content=\"Century Gaming shakes up Reno\" \/>\n<meta property=\"og:url\" content=\"https:\/\/freespinsonregistrationnodeposit.icu\/2024\/06\/14\/century-gaming-acquires-nugget-casino-resort-in-reno-for-195-million\/\" \/>\n<meta property=\"og:site_name\" content=\"Stay Up-to-Date with Our Licensed Online Casino News &amp; Offers\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-14T01:01:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-17T09:57:33+00:00\" \/>\n<meta name=\"author\" content=\"Ella &quot;Ember&quot; Perez\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ella &quot;Ember&quot; Perez\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/freespinsonregistrationnodeposit.icu\/2024\/06\/14\/century-gaming-acquires-nugget-casino-resort-in-reno-for-195-million\/\",\"url\":\"https:\/\/freespinsonregistrationnodeposit.icu\/2024\/06\/14\/century-gaming-acquires-nugget-casino-resort-in-reno-for-195-million\/\",\"name\":\"Century Gaming Strikes Gold, Acquires Reno\",\"isPartOf\":{\"@id\":\"https:\/\/freespinsonregistrationnodeposit.icu\/#website\"},\"datePublished\":\"2024-06-14T01:01:43+00:00\",\"dateModified\":\"2024-06-17T09:57:33+00:00\",\"author\":{\"@id\":\"https:\/\/freespinsonregistrationnodeposit.icu\/#\/schema\/person\/69c7fdd039a49bd1f28adac22df94431\"},\"description\":\"Century Gaming shakes up Reno\",\"breadcrumb\":{\"@id\":\"https:\/\/freespinsonregistrationnodeposit.icu\/2024\/06\/14\/century-gaming-acquires-nugget-casino-resort-in-reno-for-195-million\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/freespinsonregistrationnodeposit.icu\/2024\/06\/14\/century-gaming-acquires-nugget-casino-resort-in-reno-for-195-million\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/freespinsonregistrationnodeposit.icu\/2024\/06\/14\/century-gaming-acquires-nugget-casino-resort-in-reno-for-195-million\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/freespinsonregistrationnodeposit.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Century Gaming Acquires Nugget Casino Resort in Reno for $195 Million\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/freespinsonregistrationnodeposit.icu\/#website\",\"url\":\"https:\/\/freespinsonregistrationnodeposit.icu\/\",\"name\":\"Stay Up-to-Date with Our Licensed Online Casino News &amp; Offers\",\"description\":\"Explore the latest trends and opportunities in online gambling through our fresh news, honest reviews, and expert articles. 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