Casino Brand Nugget Casino to fold its operations and soon Century Casinos Inc. is going to acquire Nugget Casino Nevada Resort for $300 million.
Also, Century Casinos going to hold 50% of Smooth Bourbon, LLC stake. Nugget Casino has 2 hotel towers on a 110,000 square feet area with all live casino machines.
The net revenue of the Nugget last year was $104.50 million with an EBITDA of $32.8 million. On last year’s revenue, the deal is closed on $290-300 million.