Century Casino Caruthersville Explained
Century Casino Caruthersville, formerly Lady Luck Casino Caruthersville, is a 21000square feet riverboat casino and hotel in Caruthersville, Missouri. It is owned by Vici Properties and operated by Century Casinos. The riverboat is named City of Caruthersville and is permanently docked at a 37acres site that also contains an enclosed pavilion that is used to host various events.
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.
