Century Casino Caruthersville Explained
Century Casino & Hotel Caruthersville, formerly Lady Luck Casino Caruthersville, is a 94000square feet land-based casino and hotel in Caruthersville, Missouri. It is owned by Vici Properties and operated by Century Casinos. Missouri's first non-floating casino that makes its home next to the Mississippi River.
In 2005, the casino generated $28 million in revenue and $7 million in profits.[1]
History
The casino opened on April 28, 1995 as Casino Aztar.[2] It was built by Aztar Corp. at a cost of $55 million.[3]
Aztar was acquired by Columbia Sussex in January 2007. Columbia Sussex, unable to obtain a casino license in the state, immediately put the property up for sale and threatened to close it down in order to preserve the takeover deal with Aztar.[4]
In 2007, Isle of Capri Casinos purchased the casino from Columbia Sussex for about $45 million.[5] Casino Aztar Caruthersville was re-branded Lady Luck Casino Caruthersville on June 10, 2008.[6] Isle of Capri was acquired by Eldorado Resorts in 2017.[7]
In 2019, Eldorado sold the casino, along with two other properties, to Century Casinos and Vici Properties.[8] Century bought the casino's operating business for $12 million,[9] while Vici bought the land and buildings for $67 million and leased them to Century.[10] Century stated that the casino would be renamed as Century Casino Caruthersville.[11] [12]
Century purchased a neighboring two-story hotel building in 2021.[13] The hotel was renovated and reopened in 2022 as The Farmstead, with 36 rooms.[14] [15]
See also
Notes and References
- Web site: Gauging Aztar's Value . The Motley Fool . 2007-01-05.
- News: Small Bootheel town opens arms to $55 million riverboat casino. Springfield News-Leader. Springfield, MO. AP. April 30, 1995. Newspapers.com.
- News: Aztar comes from the shadows, puts name on Missouri casino. St. Louis Post-Dispatch. Fred Faust. April 27, 1995. Newspapers.com.
- News: $2.1B casino deal closes . Cincinnati Enquirer . 2007-01-03.
- News: Isle of Capri agrees to buy Casino Aztar . Kansas City Star . 2007-04-01 . https://web.archive.org/web/20070930210546/http://www.topix.net/content/kri/0923721558064242889403469552083522594820 . 2007-09-30 . dead .
- Web site: Isle of Capri Introduces First Lady Luck Casino in Caruthersville. Isle of Capri. https://archive.today/20120715005309/http://phx.corporate-ir.net/phoenix.zhtml?c=68944&p=irol-newsArticle&ID=1164321&highlight=. dead. 2012-07-15. 2008-10-18.
- News: Isle of Capri sale to close Monday . St. Louis Business Journal. Diana Barr. April 28, 2017. 2019-07-06.
- News: Eldorado Resorts closes 3 property sales for $385M. Las Vegas Review-Journal. December 6, 2019. Bailey Schulz. 2019-12-08.
- Web site: Equity Purchase Agreement. Century Casinos. June 17, 2019. Schedule I. EDGAR.
- Web site: Real Estate Purchase Agreement. Vici Properties. June 17, 2019. 5. EDGAR.
- News: Betting on Cape Girardeau: New casino owner talks history, changes. Southeast Missourian. Jay Wolz. December 9, 2019. 2019-12-14.
- News: Isle Casino sold again; purchaser calls property 'quality asset'. Southeast Missourian. Jay Wolz. June 18, 2019. 2019-07-06.
- News: Century Casino Caruthersville expanding to include hotel. KFVS-TV. Amber Ruch. Brooke Buckner. July 22, 2021. 2022-12-13.
- Century Casinos provides updates on projects in Caruthersville, Missouri. Century Casinos. December 5, 2022. PR Newswire. 2022-12-13.
- News: Groundbreaking & ribbon cutting events held for new Caruthersville hotel, casino. KAIT-TV. Amber Ruch. December 2, 2022. 2022-12-13.
