Racetrack the Mountaineer Casino, and Resort has been sold.
That was the information that came from this WV Lottery Commission meeting.
The commission voted unanimously to approve Mountaineer’s sale, according to WV Metro News. Previous owner is promoting the Mountaineer to Century Casinos.
The price brings a 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 matches in that regard.
WV Lottery manager John Myers commented on the owners as well as the sale.
“I think that’s been the way they’ve been in a position to grow their own company. They don’t try to carry on too big of a property, they take on the size they are utilized to handling and they could use the same principles across all those properties.”
The sale comes which Mountaineer was likely to be sold to create a merger between Eldorado and Caesars Entertainment appealing to regulators.?? Recently, the two firms have shed properties since they finalize the $7.2 billion price.
Century has purchased two Eldorado casino possessions as part of their acquisition in Missouri. Caesars announced this week that it had been selling the Rio in Las Vegas, home to the World Series.
The Mountaineer sale is expected to close in early 2020. Century inherits resort and a horse trail. The home’s casino also comprises a poker room 1,486 slot machines, and 36 tables games.
Century CEOs Erwin Haitzmann and Peter Hoetzinger also spoke about the sale.
“We are very excited to be expanding into West Virginia. Mountaineer is a excellent addition to our own portfolio and also will be our racetrack and casino property. We look forward to working together with the staff and community to continue the current success at Mountaineer to the future”
The state was launched by sports gaming in 2018 and Mountaineer hosts a retail sportsbook. The house doesn’t yet offer a William Hill branded cellular sports gaming program. Through its betting partner.
That could change, however, along with the bargain offers an chance to acquire from the cellular sports to Century. William Hill is one of a couple of betting operators that have have been accepted to offer online sports betting in West Virginia.
The business believes Mountaineer matches well with its monitor and casino resources.
Century Casinos is based in Colorado and has been set up in 1992. The company 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 vast majority interest in a casino Poland also owns one casino in the UK, and manages casinos on cruise ships.
Many Mountaineer employees are expected to be retained after the deal finalizes.
Century officials also have indicated they might have expansion plans for your WV casino. The company hopes to be competitive with possessions in neighboring states.
That includes casinos from the Pittsburgh region to the casinos that are Ohio and west east to west and the north. The Wheeling Island casino and racetrack can be just about 40 kilometers to the south east .
Haitzmann talked of the potential of the property .
“Mountaineer used to be bigger and with all the property available we see an upside and the possibility to grow farther. Mountaineer is rewarding now, you may say, notwithstanding the competition. I think it is a healthy competition for those clients and think we’re well-equipped to get our fair share of this marketplace.”
Sean Chaffin is now a freelance author in Crandall, Texas. His work is in many websites and books. Follow him. He’s also the host of this Real Betting Stories podcast, on iTunes, Google Play, TuneIn Radio, Spotify, Stitcher, PokerNews.com, HoldemRadio.com, and other platforms.
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