Century Casinos to Open New Land-Based Casino and Hotel in Caruthersville, Missouri
Century Casinos, a well-known name in the casino and entertainment industry, has exciting plans on the horizon with its new land-based casino and hotel set to open in Caruthersville, Missouri on November 1, 2024. This ambitious project marks a significant milestone for both Century Casinos and the local community, promising to enhance tourism and entertainment opportunities in the region.
Approval by the Missouri Gaming Commission
At a recent meeting, the Missouri Gaming Commission granted approval for the relocation of the Century Casino & Hotel Caruthersville gaming license from its temporary pavilion to the new, permanent location. This transition is vital not only for the operational continuity of Century Casinos but also for the anticipated economic boost that the new establishment is expected to bring to Caruthersville and its surrounding areas.
Enhanced Gaming Experience
One of the most notable features of the new Century Casino & Hotel Caruthersville is the expanded gaming capacity. The new venue will include 599 slot machines and nine live table games, representing a remarkable 50% increase in gaming positions compared to the current temporary location. This expansion will provide patrons with a more diverse and engaging gaming experience, catering to both seasoned players and newcomers.
Doubling the Accommodations
In addition to the gaming options, the new hotel will also significantly enhance accommodation offerings in the area. The number of hotel rooms will double to 74, providing visitors with comfortable lodging options just steps away from the casino floor. This is particularly important for tourists, who will have more choices for their stay, potentially leading to longer visits and increased spending in the local economy.
Construction and Investment Partnerships
Construction on the new land-based casino and hotel began in December 2022, and it is on track to be completed on time and within budget, with an estimated project cost of $51.9 million. This project is backed financially by VICI Properties Inc., which will own the real estate improvements associated with the Caruthersville project. VICI’s investment reflects confidence in the growing Missouri gaming market and Century Casinos’ ability to attract visitors.
Under a triple-net master lease agreement with subsidiaries of VICI, the annual rent for the new facility is expected to increase by approximately $4.2 million. This arrangement underscores the alignment of corporate interests and local economic development, ensuring that both parties benefit from the project’s success.
Grand Opening Celebration
The grand opening of the Century Casino & Hotel Caruthersville is set for November 1, 2024, at 11:30 a.m. Central Time. A ribbon-cutting ceremony will ceremonially usher in this new landmark for the town. Visitors can expect an exciting weekend filled with celebrations and activities, making it a perfect opportunity for the community to come together and welcome the new establishment.
Conclusion
The establishment of the new Century Casino & Hotel in Caruthersville is a promising development that will enhance the city’s appeal as a destination for entertainment and hospitality. With increased gaming options, hotel accommodations, and investment in the local economy, this venture stands to benefit not only Century Casinos but also the entire Caruthersville community. As the opening date approaches, anticipation is building for what promises to be a remarkable addition to Missouri’s gaming landscape.
