The Mountaineer Casino, Racetrack, and Resort has been sold.
That was the information that came from this WV Lottery Commission meeting on Wednesday.
The commission voted unanimously to approve Mountaineers selling, based on WV Metro News. Eldorado Resorts, previous proprietor, is currently selling the Mountaineer to Century Casinos.
The purchase brings a brand new participant to the WV casino market, which features five casinos across the country. Century specializes in properties that are darkened as well as the Mountaineer fits in that respect.
WV Lottery director John Myers commented about also the owners and the sale.
I believe thats been the way theyve been in a position to grow their company. They do not attempt to carry on too large of a home they take on the size theyre utilised to managing and they can use the same principles across all those properties.
The purchase comes which Mountaineer Caesars Entertainment appealing to labs and went to be sold to be able to create a merger between Eldorado.?? Recently, both companies have shed possessions as they finalize the $7.2 billion deal.
Century has purchased two Eldorado casino possessions included in the acquisition in Missouri. Caesars declared earlier this week that it sold the Rio in Las Vegas, home to the World collection of Poker.
The Mountaineer sale is expected to close in 2020. Century inherits 357-room resort and a horse track. The propertys casino also comprises a poker room 1,486 slot machines, and 36 tables games.
Century CEOs Erwin Haitzmann and Peter Hoetzinger also spoke in a news release about the sale.
We are very excited to be expanding into West Virginia. Mountaineer will be our third racetrack and casino land and also is a great addition to our own portfolio. We look forward to working together with the staff and community to keep the current success at Mountaineer to the future.
The country was established by sports gaming 2018 and Mountaineer also hosts a popular retail sportsbook run by William Hill. The property does not yet offer a William Hill branded mobile sports betting app. Through its partner that is betting.
That could change, however, and the bargain offers an opportunity to acquire in the mobile sports to Century. William Hill is one of a couple of cellular operators who have been approved to provide online sports gambling in West Virginia.
The business believes Mountaineer fits with its monitor and casino resources.
Century Casinos is located in Colorado and has been set up in 1992. The business has a lot of expertise in the business.
Casinos operate in Colorado and Alberta, Canada, where it also owns two racetracks. The company handles casinos, and has a vast majority interest at a casino from Poland also possesses a single casino in the united kingdom.
Mountaineer workers are expected to be kept after the deal finalizes.
Century officials have indicated they may have growth plans for your WV casino. The company also expects to be competitive with properties in neighboring states.
That includes casinos from the Pittsburgh area to the casinos that are east and west Ohio into west and the north. Racetrack and the Wheeling Island casino is also only about 40 kilometers to the southwest.
Haitzmann talked of the potential of the property .
Mountaineer was bigger and with the real estate available we see an upside and the possibility to grow further. Mountaineer is profitable now, you may say, in spite of the rivalry. I think it is a healthy competition for those clients and think were well-equipped to get our fair share of this marketplace.
Sean Chaffin is a freelance author in Crandall, Texas. His work appears in publications and many sites. Follow him. Hes also the sponsor of the Authentic Betting Stories podcast, on iTunes, Google Play, TuneIn Radio, Spotify, Stitcher, PokerNews.com, HoldemRadio.com, and other programs.
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