Amerista Casino announced on October 18 that it was buying two Missouri properties from Station Casino and selling Henderson to them.

The agreement requires Amerista Casino to purchase Station Casino’s Kansas City and St Charles properties for a total cash purchase price of $475 million, while selling Reserve Casino in Henderson, NV to Station Casino for $70 million.

“Amerista has been aggressively pursuing strategic growth options that are very well suited to our portfolio,” explained Craig H. Nielsen, President and CEO of Amerista Casino. “The acquisition of Missouri provides an ideal opportunity for Amerista to further leverage the company’s expertise in Riverboat operations. An additional benefit of this transaction is the ability to cross-sell four Midwestern properties combined under the Amerista brand at a higher level of efficiency.”

St. Charles has 47,000 square feet of gaming space with 2,008 slot machines, 51 table games, and 15 poker tables. A few years ago, Station Casino started building a large new gaming facility on the site of St. Charles. Amerista plans to complete the initial phase of the project with design modifications.

At the end of the initial phase of the project, the property will cover 70,000 square feet of gaming space, totaling 2,300 slot machines and 70 table games. Steak houses, buffets, specialty restaurants, deli/café and entertainment centers, arcades and gift shops are also being considered by Amerista.

Completion of these acquisitions requires regulatory and other approvals. The acquisition is expected to be completed as soon as Amelista’s license is completed by the Missouri Gaming Commission. While no warranty is provided, the company believes the license investigation could be completed before the end of 2000. 카지노사이트 모음

Reserves sales are also subject to regulatory and other approvals. The sales are expected to close in the fourth quarter of 2000 or the first quarter of 2001.