Century Casino & Hotel

Womacks benefited from a general increase in visitors to Cripple Creek as people chose shorter vacations closer to home in a soft economy. Future plans under consideration included the addition of 200 hotel rooms and 400 covered parking spaces. Century Casinos succeeded in winning a gaming license for Casino Millennium, in central Prague, in March 1999. Century Casinos held a 49 percent ownership interest in the project, jointly owned with B.H Centrum, a subsidiary of Bau Holdings AG, a major European construction company.

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Next, the company financed the development of the Century Downs Racetrack and Casino near Calgary, which it also managed from its opening in 2015. In October 2016, Century acquired the Apex Casino in St. Albert for $12.3 million, and then renamed it as Century Casino St. Albert. The expansion in Alberta continued in April 2019, when the company opened the Century Mile Racetrack and Casino in the Edmonton area. In 2006, the company opened a Century Casino & Hotel in Central City, Colorado and another property by the same name in Edmonton, Alberta.

What is there to do at Century Casino & Hotel

Switzerland County Development made a final lump sum payment of $1.4 million in January 2000 when the riverboat casino opened. The company’s first gaming operation set sail with the August 1993 inaugural voyage of the Albatross, a deluxe, yacht-like cruise ship operated by V. Ships of Monte Carlo. The luxurious Silver Cloud, operated by Silversea, a newly acquired subsidiary of V. Ships, initiated service from Civitavecchia near Rome in April 1994. In August 2000, Century Casinos signed a casino concession agreement with The World of ResidenSea, the first luxury resort residences aboard an ocean-going vessel. The ship offered 110 residences, from 1,000 square feet to 3,200 square feet, as well as 88 guest suites, with purchase prices starting at $2 million. The five-year agreement involved provision of gaming equipment and casino management while the ship traveled around the world year round with an emphasis on warm climates. The World of ResidenSea launched from Oslo, Norway, in March 2002, carrying a 40-position game room operated by Century Casinos. By December, the company completed construction on conference and meeting facilities and refurbishment of a hotel on the property, providing 92 rooms, including six luxury suites. Construction continued on facilities at the property’s natural hot mineral springs. At this time Century Casinos acquired an additional 15 percent ownership in the property.

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Century Casinos, Inc. operates casinos worldwide through direct ownership or management agreements. The company owns Womacks Casino and Hotel in Cripple Creek, Colorado, providing more than 675 gaming machines and game tables, casual and fine dining, and 21 hotel rooms. Century Casinos holds a 65 percent ownership in the Caledon Casino, Hotel & Spa east of Capetown, South Africa, providing over 250 gaming options. Through a long-term management agreement, the company operates Casino Millennium, a 5,000-square-foot gaming area located in the five-star Marriott Hotel in Prague, Czech Republic. The company offers consulting services for all stages of casino development, including market research, casino design, equipment selection, and operations management. Century Casinos continued to pursue international opportunities. In November 2001, the company joined a consortium to seek a gaming license in the beach resort town of Punta del Este, Uruguay. The project involved a resort, a convention center, and a casino with over 1,000 gaming positions. Century Casinos sought to acquire a 50 percent ownership stake in Casino Millennium, pending government approval. The company purchased a 50 percent stake in Rhino Resort Limited in September 2001 as it continued to pursue a gaming license for Gauteng Province, near Johannesburg.

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The Womacks acquisition impacted Century Casinos’ revenues significantly as the company increased its market share from 4.3 percent to 17.3 percent in Cripple Creek. In 1995, the company generated $4.2 million in net operating revenue from gaming, food and beverage sales, and hotel accommodations, less promotional allowances. In 1996, Century Casinos reported $11.5 million in net operating revenue with the addition of Womacks. In 1997, after one full year of ownership in Womacks, revenues reached $19.6 million with a net loss of $543,000. In its efforts to build a financial base for expansion, the company streamlined operations at Womacks for improved cost and operating efficiency. The pursuit of international gaming opportunities resulted in a management and consulting agreement with Rhodes Casino, S.A., a consortium of businesses, including Playboy Enterprises.

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Providing ample parking in proximity to the property became a competitive issue which the company addressed through the strategic lease or purchase of open lots. Efforts to attract gamblers were successful as Womacks won several local awards from the Mountain Jackpot in November 1999. That year, Womacks generated $22.7 million in net operating revenue, a 19.4 percent increase over 1998. We have more than 70 million property reviews, and they’re all from real, verified guests. Cancellation and prepayment policies vary according to accommodation type. Please enter the dates of your stay and check the conditions of your required room.

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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.

  • The most helpful contributions are detailed and help others make better decisions.
  • We offer exciting entertainment in our award-winning casinos, at our racetracks, horse betting parlors, sportsbooks, hotels, restaurants, bars, showrooms, event venues, comedy club, and golf course.
  • Alpine Gaming purchased the property in fall 1993 and became a public company that November.
  • Century Casinos terminated the agreement in August, however, accepting a $3.1 million promissory note to be paid over three years.
  • A fine entertainment and dining destination popular in St. Albert and West Edmonton.
  • Flourishing gold mining towns during the late 19th and early 20th centuries, Central City, Blackhawk, and Cripple Creek catered to tourists by the late 20th century.

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.

Century Casinos began its casino concession on another Silversea cruise ship in January 1995 with the inaugural voyage of the Silver Wind from Mombassa, Kenya. The onboard gaming facility was named Legends at Sea to correspond with other Legends brand casinos owned or operated by the company. Also in January, the Legends Casino Soboba opened, beginning a five-year management agreement with the Soboba Band of Mission Indians. Century Casinos would receive 30 percent of net profit for management, development, and pre-opening costs. Century Casinos terminated the agreement in August, however, accepting a $3.1 million promissory note to be paid over three years. In the meantime, Century Casinos moved forward in its development of riverboat casinos in Louisiana and Indiana. In March 1994, Century Casinos obtained a gaming license from the Louisiana State Police to operate a riverboat casino near New Orleans, in St. Charles Parish. Under a management contract for St. Charles Gaming Company, Century Casinos would receive a percentage of gross revenue from gaming and a percentage of net profit. The 20,000-square-foot paddlewheel riverboat, named the Crown Casino, opened in August 1994 carrying 1,100 gaming machines. A riverboat casino located along the Mississippi river in Caruthersville, Missouri.

Century also shuffled its holdings in South Africa, acquiring a majority stake in the Monte Vista Casino in Newcastle and selling its interest in the Gauteng casino project. Century’s cruise ship casino business began in April 1994, when it began operating the casino on the Silver Cloud under a concession agreement with Silversea Cruises. Worldwide casino consulting ranging from design, equipment selection, operating policies and procedures to turn-key development. A highly recognized brand throughout Poland with eight casinos located in upscale hotels inter alia in Warsaw, Krakow and Wroclaw. The gaming, dining and events hot spot in the center of vibrant Central City, Colorado. Subject to approval from the Nevada Gaming Commission, Century will also purchase 100% of OpCo for $100.0m. This acquisition, Century said, is expected to meaningfully enhance its free cash flow, as well as be immediately accretive to earnings.