Century Casinos has completed the acquisition of the operations of the Nugget Casino Resort from Marnell Gaming for approximately $100m.
In April 2022, the company purchased from Marnell 50 per cent of the membership interests in Smooth Bourbon, which owns the land and building on which the Nugget is located.
The Nugget and Smooth Bourbon have a lease agreement for the land and building for an annual rent of $15m. Following the acquisition, Smooth Bourbon will be a consolidated subsidiary of Century.
“We are very excited to be expanding into Nevada,” Erwin Haitzmann and Peter Hoetzinger, co-CEOs of Century Casinos, remarked. “The Nugget is a great addition to our portfolio.
"We have plans to update the façade, signage, slot floor and food and beverage venues of the Nugget. We look forward to working with the staff and community to continue the current success at this property into the future.”
Nugget Casino Resort is located in Sparks, Nevada, conveniently located on Interstate 80 with easy access from Reno-Tahoe International Airport.
The full-service resort includes a large gaming floor, two hotel towers, 114,500sq.ft of convention space, an 8,555-seat outdoor amphitheater, a wide variety of casual and fine dining options in addition to several on-site bars and lounges and a five-storey 1,200-space parking garage and additional 1,272 parking spaces.
The property consists of 71,200sq.ft of casino space, 892 slot machines, 29 table games, 1,382 hotel rooms and five dining venues.