Century Casinos, a gaming company based in Colorado in the US, has announced that its Austrian subsidiary Century Casinos Europe has acquired 100 per cent of the outstanding common stock of Saw Close Casino to develop and operate a casino in Bath, UK.
The purchase price for the deal was £600,000. Saw Close Casino has agreed to a 30-year lease for the casino space and reportedly intends to invest approximately £5m in the deisgn and equipment for the 15,000sq.ft gaming floor.
"We are excited about the opportunity to enter the UK gaming market with the addition of the Saw Close Casino to Century's portfolio,” said the company's co-CEOs Erwin Haitzmann and Peter Hoetzinger. “We believe the casino in Bath has the potential to provide an attractive return on our investment."
