Las Vegas: Century Casinos Completes $195M Takeover of Nugget Casino
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Century Casinos will enter the Reno gaming sector through the acquisition of Nugget Casino Resort.
Century Casinos announced on Wednesday that it has entered into a formal deal with Marnell Gaming to buy 100% of Nugget Sparks LLC and 50% stake in Smooth Bourbon LLC. The transaction is valued at $195 million. Century Casino will pay $95 million for Smooth bourbon and $100 million to purchase Nugge Sparks.
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The Nugget Casino Resort in Sparks, Nevada, is a lucrative investment opportunity due to its proximity to the Reno-Tahoe International Airport. The resort’s casino is 50,200 square feet, with 859 slot machines and 29 table games. It is comprised of two hotel towers totaling 1,382 hotel rooms, seven different dining establishments, 110,000 square ft of convention space and an 8,555-seat outdoor amphitheater.
