Racetrack the Mountaineer Casino, and Resort has been sold.
That was the news that came out of this WV Lottery Commission meeting on Wednesday.
The commission voted unanimously to accept the selling of Mountaineer, according WV Metro News. Previous proprietor, Eldorado Resorts, is currently currently selling the Mountaineer as part of a $107 million deal to Century Casinos.
The purchase brings a brand new participant to the WV casino marketplace, which comprises five casinos around the state. Century specializes in properties that are medium-sized as well as the Mountaineer fits in that regard.
WV Lottery director John Myers commented on the selling and the owners.
I believe thats been how they have been in a position to increase their own company. They do not attempt to take on too big of a home they take about the size they are used to handling and they can use the very exact principles across all those possessions.
The sale comes after months of rumors that Mountaineer was likely to be marketed to make a merger between Eldorado and Caesars Entertainment appealing to regulators.?? Recently, both firms have shed properties as they finalize the $7.2 billion deal.
Century has also bought two Eldorado casino properties in Missouri within the acquisition. Caesars also declared that it sold the Rio in Las Vegas, home to the World Series of Poker.
The Mountaineer sale is anticipated to close in early 2020. Century inherits hotel and a horse trail. The homes casino also comprises 36 tables matches, a poker room, and 1,486 slot machines.
Century CEOs Erwin Haitzmann and Peter Hoetzinger also talked in a news release about the sale.
Were really excited to be expanding into West Virginia. Mountaineer will be our third racetrack and casino land also is a excellent addition to our own portfolio. We anticipate working with the staff and community to continue the present success at Mountaineer to the future.
The state was launched by sports gaming 2018 and Mountaineer hosts a favorite retail sportsbook. The house doesnt yet offer you a William Hill branded cellular sports betting app. Through its partner.
That may change, however, and Century is offered an opportunity to acquire in the sports gambling business by the bargain. William Hill is one of a handful of betting operators that have been accepted to provide online sports betting at West Virginia.
The business believes Mountaineer matches well with its monitor and casino resources.
Century Casinos is based in Colorado and was set up in 1992. The business has lots of expertise in the industry.
It works casinos in Alberta and Colorado, Canada, where it also owns two racetracks. The business has a majority interest at a casino in Poland also possesses one casino in the united kingdom, and manages casinos on several cruise ships.
Mountaineer workers are anticipated to be retained after the bargain finalizes.
Century officials have suggested they may have growth plans for your WV casino. The company also expects to become more competitive with possessions in neighboring states.
Including casinos in the Pittsburgh region to the casinos that are east and west Ohio into the west and north. The Wheeling Island casino and racetrack is also just about 40 miles to the south.
Haitzmann talked of the propertys potential for expansion.
Mountaineer used to be larger and with all the property accessible we see that an upside down and the chance to grow further. Mountaineer is rewarding now, you may state, despite the competition. I think it is a healthy competition for those clients and think we are well-equipped to get our fair share of this marketplace.
Sean Chaffin is a freelance writer in Crandall, Texas. His work is in a lot of websites and books. Follow him on Twitter @PokerTraditions. Hes also the sponsor of the Real Betting Stories podcast, on iTunes, Google Play, TuneIn Radio, Spotify, Stitcher, PokerNews.com, HoldemRadio.com, along with other programs.
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