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Century Casinos strikes $195m deal to acquire Nugget Casino Resort in Nevada

24th February 2022 7:07 am GMT
Playtech

New York-listed casino operator Century Casinos has entered into a definitive agreement to acquire Nugget Casino Resort in Reno for $195m.

The deal will see Century Casinos acquire 50 per cent of Smooth Bourbon (PropCo) for $95m and 100 per cent of Nugget Sparks (OpCo) for $100m from Marnell Gaming. 

PropCo owns the land and building underlying the Nugget and will enter into a lease of the property to OpCo for an annual rent of $15m. Century Casino [...]

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