Missouri Gaming Commission changes "floating facility" rule

16 July 2021

(PRESS RELEASE) -- Century Casinos, Inc. announced today the latest developments at Century Casino Caruthersville in Missouri.

Efforts to change a Missouri law that required each casino to be a “floating facility” have been successful. Going forward, the Missouri Gaming Commission will have the ability to approve a casino facility that is built as a standard building as long as it also includes a container with at least 2,000 gallons of water beneath the facility. This change opens the opportunity for Century Casino Caruthersville, which is the last remaining riverboat casino on open water in Missouri, to move to a non-floating facility.

The Company also purchased parcels of land between land already leased by the Company and the land-based Pavilion building, which contains a restaurant, multifunctional spaces and an entrance to the walkway to the riverboat casino. The purchases also come with a small, existing two-story hotel. The land purchases provide strategic options for the future casino and hotel development and better access to parking. The Company has already started working with a renowned architecture firm to develop plans for the new casino and hotel facility. The Company will refurbish the existing hotel with the goal to reopen it with 36 rooms by early 2022. There is currently no other hotel situated in downtown Caruthersville.

The number of available casino licenses in Missouri remains capped at 13, and casino facilities are still required to be located within 1,000 feet of the Mississippi or Missouri rivers. The Company’s two casinos in Missouri, Century Casino Caruthersville and Century Casino Cape Girardeau, operate 1,365 slot machines and 32 table games and generated 43% of the Company’s net operating revenue and 104% of the Company’s Adjusted EBITDA in Q1 2021.

“We are very thankful to the Missouri legislature, the Caruthersville community and our management in Missouri for having driven and supported our successful efforts in Missouri,” Erwin Haitzmann and Peter Hoetzinger, Co Chief Executive Officers of Century Casinos remarked. “We look forward to bringing exciting improvements to our property in Caruthersville,” Haitzmann and Hoetzinger concluded.

Related Links
Century Casino Caruthersville Details

Featured Vendors
.Dot-iGaming.com
Casino City Press
.Dot-iGaming.com
Fully loaded advanced casino platform. One time (low) fee, 100% your property, start now!
Casino City Press
A leading publisher and distributor of casino and gaming business data and market research reports.
Gaming Tickets, Inc.
Casino Network
Gaming Tickets, Inc.
35 years in the gaming industry - premium quality slot tickets, lottery tickets on time under budget
Casino Network
20+ years experience selling refurbished slot machines, parts & glass for all major brands
Slot Machines Unlimited
Rymax Marketing Services, Inc.
Slot Machines Unlimited
Exporter of IGT, Williams, AVP, Trimline, Aristocrat, Konami, Bally, & parts over 20 yrs experience
Rymax Marketing Services, Inc.
Leader in creating award winning player & employee loyalty programs & events proven to increase ROI
RSA Executive Search
Kallop
RSA Executive Search
A Boutique Search firm specializing in the Recruitment of Hospitality and Gaming Entrepreneurs
Kallop
Reward every player like a VIP with luxury exclusive brands at affordable prices
Broadband Hospitality
DFI
Broadband Hospitality
Improve these critical guest-facing amenities: In-room TV, Wi-Fi, Mobile App. Priced right. All here
DFI
The latest industry tech in slot and VLT motherboards, embedded systems, industrial panels
AmericanChecked
Oklahoma Indian Gaming Association (OIGA) Conference
AmericanChecked
Background checks for the gaming industry with key & non-key packages & fingerprinting solutions
Oklahoma Indian Gaming Association (OIGA) Conference
The biggest little show in Indian gaming! Save the date: Aug 9-11, 2022 in Tulsa!
TOP ONE TECH LIMITED
Betson Imperial Parts & Service
TOP ONE TECH LIMITED
GLOBAL TOUCH SOLUTION PARTNER OF CHOICE,10+ years OEM manufacturing,100+ thousand units application
Betson Imperial Parts & Service
Your one stop shop for all your gaming and OEM needs!
TribalHub
TDN Money Systems
TribalHub
22nd Annual TribalNet Conference & Tradeshow Nov 8-11, 2021 Gaylord Texan Resort, Grapevine TX
TDN Money Systems
Cage, cash/chip handling experts representing CountR, ARCA, AccuCASH, Fujitsu & NCR


Your Guide to 15,483 Gaming Industry Suppliers