While initial attendance at the casino exceeded expectations, the December 2001 opening of another casino closer to Capetown proved to be strong competition for the Caledon casino. Future prospects for the property include a golf course, residential and timeshare units, and other facilities. In December 1993, Century Casinos entered into a merger agreement with Alpine Gaming, owner-operator of the Long Branch Saloon and Casino in Cripple Creek, Colorado, 45 miles west of Colorado Springs. The Long Branch opened in July 1992, offering patrons 125 slot and video gaming machines and four blackjack tables. The casino reported revenues of $2.3 million and a loss of $372,000 during its first year in operation. Alpine Gaming purchased the property in fall 1993 and became a public company that November. A merger with Alpine Gaming would allow Century Casinos to become a public company without the usual costs and procedures. Finding the U.S. gaming market to be more difficult to navigate than anticipated, Century Casinos’ management decided to pursue gaming opportunities internationally. To provide a financial foundation, Century Casinos expanded its share of the Cripple Creek gaming market with the July 1996 acquisition of Womacks Saloon and Gaming Parlor.
In Bermuda, it signed on to manage a planned casino at the Hamilton Princess hotel. It closed in 2020 because of poor financial results and changes in British casino regulations. Century assumed the management of a casino at a Radisson hotel in Aruba in 2010. In January 1995, Century opened the Legends Casino at the Soboba Reservation, a tribal-owned bingo parlor and cardroom in Southern California. The company pulled out of its management agreement for the facility seven months later. A fine entertainment and dining destination popular in St. Albert and West Edmonton. Offering a wide selection of gaming options and amenities including a showroom and off-track betting. Our flagship casino with a variety of gaming options and amenities such as restaurant, bars, showroom, comedy club, boutique hotel, off-track betting and underground parking. We check for naughty words and verify the authenticity of all guest reviews before adding them to our site. When guests stay at the property they check out how quiet the room is, how friendly the staff are and more. The most helpful contributions are detailed and help others make better decisions. Please don’t include personal, political, ethical, or religious commentary.
PlayUp board looks into sale of business with new strategic review
After booking, all of the property’s details, including telephone and address, are provided in your booking confirmation and your account. “Century Casinos reports opening of new casino resort on Newcastle, South Africa” . In November 1995, Century signed a $1.1-million deal to manage a casino planned for the Greek island of Rhodes, being developed by a consortium including Playboy Enterprises. The company turned over its duties to Playboy before the casino opened. In August 1995, the company proposed to build a casino in Alexandria, Louisiana. The Louisiana Riverboat Gaming Commission, however, did not award the one available casino license to Century, instead selecting the application for Horseshoe Bossier City. Investors need to pay close attention to Century Casinos stock based on the movements in the options market lately. The deal comes after Century last month ended its association with Century Casino Calgary after selling the land that houses the casino facility. “We have been looking at entering the Reno market for a long time, and we believe the Nugget is a perfect fit for our portfolio. We look forward to welcoming the great team at the Nugget to Century Casinos,” Century Casinos co-chief executives Erwin Haitzmann and Peter Hoetzinger said.
Closed since 1992, Century Casinos had no immediate plans for the property. Through several different partnerships, Century Casinos pursued gaming development and management opportunities in South Africa, in British Columbia, Canada, and in Prague, Czech Republic. In searching for casino management opportunities, Century Casinos found that the small size of the company to be a hindrance. In May 1998, this factor contributed to the failure of a consortium to obtain a gaming license in the South African province of Gauteng. A subsequent joint venture continued to pursue gaming opportunities in Gauteng. As part of the company’s long-term strategic plan, Century Casinos began to develop a 500-seat events center adjacent to Womacks. Century Casinos and the City of Cripple Creek hoped to attract new clients through entertainment and special events and by offering the space for conventions and meetings. Century Casinos relocated its offices to the new facility, freeing space at Womack for hotel rooms, food and beverage operations, and additional gaming. Womacks Events Center celebrated is grand opening in September 2000 with the presentation of the Cripple Creek Film Festival.
And finally, a review
An exclusive 20-year service agreement provided Century Casinos with a fee based on gross revenues and a gaming equipment lease with pay based on a percentage of net profit. The casino opened in July 1999 with 15 gaming tables, 70 gaming machines, and a VIP gaming area. In April 2000, a Century Casinos joint venture obtained a gaming license for operations in Caledon, South Africa, the only license for the Overberg region and one of five in the province of Western Cape. Construction began immediately on the property, located near popular tourist areas along the coast east of Cape Town. By September, the main structure was completed and celebrated according to local tradition with a “roof-wetting” ceremony. The Caledon Casino, Hotel & Spa opened in October, offering 14 game tables and 250 slot machines. With a 50 percent ownership in the property, Century Casinos signed a ten-year management agreement with its local partner, Fortes-King Hospitality. Shifting of resources followed as Century Casinos sold its Central City property in June 1994 for $1.9 million in order to pursue opportunities elsewhere. This proved to be a wise decision as casino development in nearby Blackhawk eventually overshadowed Central City and attracted more gamblers. The company purchased the Ranch House Casino in Wells, Nevada, for $850,000. The 18,000-square-foot facility provided 6,000 square feet of gaming space.
- The Long Branch opened in July 1992, offering patrons 125 slot and video gaming machines and four blackjack tables.
- In early 1993, the company signed on to manage a proposed riverboat casino in St. Charles Parish, Louisiana.
- In 2006, the company opened a Century Casino & Hotel in Central City, Colorado and another property by the same name in Edmonton, Alberta.
- Yes, Century Casino & Hotel – Central City is popular with guests booking family stays.