Century Casino Caruthersville

Century Casino Caruthersville, formerly Lady Luck Casino Caruthersville, is a 21,000 sq ft (2,000 m2) riverboat casino in Caruthersville, Missouri. It is owned by Vici Properties and operated by Century Casinos. The riverboat is named City of Caruthersville and is permanently docked at a 37-acre (15 ha) site that also contains an enclosed pavilion that is used to host various events.

Century Casino Caruthersville
Location Caruthersville, Missouri
Address 777 East 3rd Street
Opening dateApril 28, 1995 (1995-04-28)
Notable restaurantsOtis & Henry's, The Lone Wolf
Casino typeRiverboat
OwnerVici Properties
Operating license holderCentury Casinos
Previous names
  • Casino Aztar Caruthersville
  • Lady Luck Casino Caruthersville
Coordinates36°11′25″N 89°39′00″W
Websitecnty.com/caruthersville

In 2005, the casino generated $28 million in revenue and $7 million in profits.[1]

History

The casino opened on April 28, 1995 as Casino Aztar.[2] It was built by Aztar Corp. at a cost of $55 million.[3]

Aztar was acquired by Columbia Sussex in January 2007. Columbia Sussex, unable to obtain a casino license in the state, immediately put the property up for sale and threatened to close it down in order to preserve the takeover deal with Aztar.[4]

In 2007, Isle of Capri Casinos purchased the casino from Columbia Sussex for about $45 million.[5] Casino Aztar Caruthersville was re-branded Lady Luck Casino Caruthersville on June 10, 2008.[6] Isle of Capri was acquired by Eldorado Resorts in 2017.[7]

In 2019, Eldorado sold the casino, along with two other properties, to Century Casinos and Vici Properties.[8] Century bought the casino's operating business for $12 million,[9] while Vici bought the land and buildings for $67 million and leased them to Century.[10] Century stated that the casino would be renamed as Century Casino Caruthersville, and that they might purchase a small neighboring hotel.[11][12]

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See also

References
  1. "Gauging Aztar's Value". The Motley Fool. Retrieved 2007-01-05.
  2. "Small Bootheel town opens arms to $55 million riverboat casino". Springfield News-Leader. Springfield, MO. AP. April 30, 1995 – via Newspapers.com.
  3. Fred Faust (April 27, 1995). "Aztar comes from the shadows, puts name on Missouri casino". St. Louis Post-Dispatch – via Newspapers.com.
  4. "$2.1B casino deal closes". Cincinnati Enquirer. Retrieved 2007-01-03.
  5. "Isle of Capri agrees to buy Casino Aztar". Kansas City Star. Archived from the original on 2007-09-30. Retrieved 2007-04-01.
  6. "Isle of Capri Introduces First Lady Luck Casino in Caruthersville". Isle of Capri. Archived from the original on 2012-07-15. Retrieved 2008-10-18.
  7. Diana Barr (April 28, 2017). "Isle of Capri sale to close Monday". St. Louis Business Journal. Retrieved 2019-07-06.
  8. Bailey Schulz (December 6, 2019). "Eldorado Resorts closes 3 property sales for $385M". Las Vegas Review-Journal. Retrieved 2019-12-08.
  9. "Equity Purchase Agreement". Century Casinos. June 17, 2019. Schedule I – via EDGAR.
  10. "Real Estate Purchase Agreement". Vici Properties. June 17, 2019. p. 5 – via EDGAR.
  11. Jay Wolz (December 9, 2019). "Betting on Cape Girardeau: New casino owner talks history, changes". Southeast Missourian. Retrieved 2019-12-14.
  12. Jay Wolz (June 18, 2019). "Isle Casino sold again; purchaser calls property 'quality asset'". Southeast Missourian. Retrieved 2019-07-06.
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