SOLD! MOUNTAINEER CASINO HAS A NEW OWNER AS PART OF $107 MILLION DEAL WITH ELDORADO

Racetrack, the Mountaineer Casino, and Resort has been sold.

This was the information that came from this WV Lottery Commission meeting.
The commission voted unanimously to approve Mountaineers sale, according WV Metro News. Eldorado Resorts, previous proprietor, is currently promoting the Mountaineer as a piece of a $107 million bargain into Century Casinos.
The deal brings a brand new player to the WV casino market, which features five casinos around the state. Century specializes in properties that are darkened and the Mountaineer fits in that regard.
WV Lottery director John Myers commented about the selling and also the new owners.
I believe thats been how theyve been able to increase their own company. They dont attempt to carry on too big of a propertythey take about the size theyre used to handling and they could use the very same principles across all those possessions.
The sale comes after months of rumors that Mountaineer went to be sold so as to create a merger between Eldorado and Caesars Entertainment more attractive to labs.?? Recently, the two firms have shed properties as they finalize the $7.2 billion price.
Century has bought two Eldorado casino properties in Missouri as part of the acquisition. Caesars declared that it sold the Rio in Las Vegas, home to the World collection of Poker.
The Mountaineer sale is anticipated to close in early 2020. Century inherits a horse trail and 357-room resort. The propertys casino also comprises 1,486 slot machines, including a poker room, and 36 tables matches.
Century CEOs Erwin Haitzmann and Peter Hoetzinger spoke at a news release about the sale.
We are extremely excited to be expanding into West Virginia. Mountaineer is a great addition to our portfolio and also will be our racetrack and casino land. We look forward to working together with the staff and community to continue the present success at Mountaineer to the future
The country was established by sports betting 2018 and Mountaineer hosts a retail sportsbook. The house does not yet provide a William Hill cellular sports. Through its partner.
That may change, however, and the deal offers Century an opportunity to get in the cellular sports. William Hill is one of a couple of betting operators who have been approved to offer online sports.
The business believes Mountaineer matches with casino assets and its track.
Century Casinos is based in Colorado and has been founded in 1992. The company has lots of expertise in the industry.
Casinos operate in Colorado and Alberta, Canada. The business manages casinos, and has a vast majority interest at a casino in Poland also owns one casino in the UK.
Most Mountaineer workers are expected to be kept after the deal finalizes.
Century officials have indicated they may have expansion plans for the WV casino. The company also expects to be more competitive with properties in neighboring states.
That includes casinos in the Pittsburgh region to the casinos to west and the north. Racetrack and Even the Wheeling Island casino can be only about 40 kilometers to the south.
Haitzmann talked of their homes potential for growth.
Mountaineer used to be larger and with all the property accessible we see that an upside down and the option to grow farther. Mountaineer is profitable now, you may say, in spite of the competition. I believe that its a healthy competition for those clients and think we are well-equipped to get our fair share of the market.
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