Novice operaterja
US – Century Casinos zaključuje posel Nugget v Renu
By Phil - 3. aprila 2022
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 Nugget Casino Resort, 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 Igralnice Century,” 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 se nahaja v kraju Sparks v Nevadi, na priročni lokaciji ob Interstate 80 z enostavnim dostopom z mednarodnega letališča Reno-Tahoe (približno tri milje). Letovišče s polnimi storitvami vključuje veliko igralno nadstropje, dva hotelska stolpa, 110,000 kvadratnih čevljev kongresnega prostora, zunanji amfiteater z 8,555 sedeži, široko paleto priložnostnih in vrhunskih restavracij poleg številnih barov in salonov na kraju samem ter 5-nadstropna parkirna garaža s 1,200 parkirnimi mesti in dodatnih 1,272 parkirnih mest. Lastnina obsega 50,200 kvadratnih metrov igralniškega prostora, 859 igralnih avtomatov, 29 namiznih iger, 1,382 hotelskih sob in sedem restavracij. Nugget Casino Resort je imel na podlagi predhodnih rezultatov za leto, ki se je končalo 100.4. decembra 32.8, čisti poslovni prihodek v višini 31 milijona USD in prilagojeni EBITDA v višini 2021 milijona USD.
