Century Casinos’ pending $195 million acquisition of the Nugget Casino Resort in Sparks will rewrite the company’s corporate profile.
The regional casino operator, which began in Europe, doesn’t have what gaming observers consider a flagship resort. Its two casinos in the historic Colorado mining communities of Central City and Cripple Creek are repurposed storefront-style buildings with a combined 52 hotel rooms that are primarily set aside for casino players.
“Colorado was effectively Century’s beachhead to begin expanding in the U.S,” Stifel Financial gaming analyst Jeffrey Stantial said. “At the time, Colorado was the only state that was willing to license a brand-new international entrant.”
