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Century Casinos announces The Riverview opening in Missouri5 April 2024(PRESS RELEASE) -- Century Casinos, Inc. announced today that it opened its hotel in Cape Girardeau, Missouri, The Riverview. The Riverview is a 69-room, six-story building with 68,000 square feet that is adjacent to and connected with Century Casino Cape Girardeau. The project cost $30.5 million and was financed with cash on hand. The Company is also constructing a new land-based casino with a 38 room hotel in Caruthersville, Missouri. The project continues to be on time and on budget with an estimated project cost of $51.9 million. Construction started in December 2022 with completion expected in the fourth quarter of 2024. The Company is funding this project through VICI Properties, Inc. Following completion, VICI will own the real estate improvements associated with the Caruthersville project, which will become a part of the Company’s triple net lease agreement with subsidiaries of VICI. Peter Hoetzinger, President & Co CEO, will present on the Company and hold one-on-one meetings with selected institutional investors on Friday morning at the Company’s Cape Girardeau location. |