{"id":261,"date":"2024-06-27T10:57:56","date_gmt":"2024-06-27T07:57:56","guid":{"rendered":"https:\/\/duckyluck100medusanodepositbonus.icu\/2024\/06\/27\/century-entertainment-acquires-half-interest-in-nugget-casino-resort\/"},"modified":"2024-06-27T10:57:56","modified_gmt":"2024-06-27T07:57:56","slug":"century-entertainment-acquires-half-interest-in-nugget-casino-resort","status":"publish","type":"post","link":"https:\/\/duckyluck100medusanodepositbonus.icu\/2024\/06\/27\/century-entertainment-acquires-half-interest-in-nugget-casino-resort\/","title":{"rendered":"Century Entertainment Acquires Half-Interest in Nugget Casino Resort"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/S9osUCroXGw\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Century Entertainment has finalized the previously announced purchase of a half-interest in Smooth Bourbon (PropCo), the proprietor of the Nugget Casino Resort in Nevada.<\/p>\n<p>Century Entertainment obtained the 50% interest in the property and operating company from Marnell Gaming for $95 million (roughly \u00a372.4 million\/\u20ac86 million). While the acquisition of the 50% stake in the property has been completed, the operational transaction will take a longer period.<\/p>\n<p>PropCo owns the land and building of the Nugget Casino Resort and has a lease agreement with Nugget Sparks (OpCo), which operates the Nugget Casino Resort, for an annual rental fee of $15 million.<\/p>\n<p>Century Entertainment stated that it will receive a share of $1.9 million per quarter from the rent from OpCo, before any expenses are incurred.<\/p>\n<p>The Nugget Casino Resort in Sparks, Nevada, is a full-service resort with 50,200 square feet of casino space, 859 slot machines, and 29 table games.<\/p>\n<p>The resort also includes two hotel towers, 110,000 square feet of meeting space, an 8,555-seat amphitheater, multiple casual and fine dining restaurants, live bars and lounges, and a five-level, 1,200-space parking garage. <\/p>\n<p>The company will grow its North American holdings by purchasing PropCo, which will increase its casino count to 10, with 6,700 gaming machines and 140 table games.<\/p>\n<p>Besides buying PropCo, the company also signed a deal last month to acquire PropCo&#8217;s membership interests and all of OpCo&#8217;s membership interests for $100 million.<\/p>\n<p>The company said the deal is expected to be finalized within a year, pending approval from the Nevada Gaming Commission.<\/p>\n<p>After the purchase is complete, the company will own the operating assets of the Nugget Casino Resort and a 50% membership interest in PropCo. The company will also have a five-year option to buy the remaining 50% membership interest in PropCo for $105 million plus 2% per year.<\/p>\n<p>The company is funding the PropCo purchase through a new credit facility provided by Goldman Sachs Bank USA.<\/p>\n<p>Sign up for the iGaming newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p class=\"text-justify mb-2\" >Century Entertainment has finalized the previously announced purchase of a half-interest in Smooth Bourbon (PropCo), the proprietor of the Nugget Casino Resort in Nevada. Century Entertainment obtained the 50% interest in the property and operating company from Marnell Gaming for $95 million (roughly \u00a372.4 million\/\u20ac86 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Century Entertainment Acquires Nugget Casino Resort<\/title>\n<meta name=\"description\" content=\"Century Entertainment has finalized the purchase of a 50% stake in the Nugget Casino Resort in Nevada from Marnell Gaming.\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/duckyluck100medusanodepositbonus.icu\/2024\/06\/27\/century-entertainment-acquires-half-interest-in-nugget-casino-resort\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"Century Entertainment Acquires Half-Interest in Nugget Casino Resort\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"Century Entertainment has finalized the purchase of a 50% stake in the Nugget Casino Resort in Nevada from Marnell Gaming.\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/duckyluck100medusanodepositbonus.icu\/2024\/06\/27\/century-entertainment-acquires-half-interest-in-nugget-casino-resort\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Experience the Rush of Winning at Our Licensed Online Casino\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-27T07:57:56+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/duckyluck100medusanodepositbonus.icu\/2024\/06\/27\/century-entertainment-acquires-half-interest-in-nugget-casino-resort\/\",\"url\":\"https:\/\/duckyluck100medusanodepositbonus.icu\/2024\/06\/27\/century-entertainment-acquires-half-interest-in-nugget-casino-resort\/\",\"name\":\"Century Entertainment Acquires Nugget Casino Resort\",\"isPartOf\":{\"@id\":\"https:\/\/duckyluck100medusanodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-27T07:57:56+00:00\",\"dateModified\":\"2024-06-27T07:57:56+00:00\",\"author\":{\"@id\":\"https:\/\/duckyluck100medusanodepositbonus.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"Century Entertainment has finalized the purchase of a 50% stake in the Nugget Casino Resort in Nevada from Marnell Gaming.\",\"breadcrumb\":{\"@id\":\"https:\/\/duckyluck100medusanodepositbonus.icu\/2024\/06\/27\/century-entertainment-acquires-half-interest-in-nugget-casino-resort\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/duckyluck100medusanodepositbonus.icu\/2024\/06\/27\/century-entertainment-acquires-half-interest-in-nugget-casino-resort\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/duckyluck100medusanodepositbonus.icu\/2024\/06\/27\/century-entertainment-acquires-half-interest-in-nugget-casino-resort\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/duckyluck100medusanodepositbonus.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Century Entertainment Acquires Half-Interest in Nugget Casino Resort\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/duckyluck100medusanodepositbonus.icu\/#website\",\"url\":\"https:\/\/duckyluck100medusanodepositbonus.icu\/\",\"name\":\"Experience the Rush of Winning at Our Licensed Online Casino\",\"description\":\"Unlock the secrets of casino success with our fresh news, honest game reviews, and informative insights. 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