CC Gaming acquires Reserve Casino
A definite agreement has been made and a deal struck as CC Gaming wrap up a purchase of Reserve Casino in Central City, Colorado.
Largest Operator in the State
The latest acquisition sees CC Gaming expand its operations in the state of Colorado, expanding the company’s portfolio which currently includes Johnny Z’s Casino in Central City, Z. Casino in Black Hawk and Z. Stop.
The purchase of Reserve Casino officially makes CC Gaming the largest Colorado-based casino operator in the state, putting it up to the top of the local casino list with the total of 286,000 square feet of casino resort space.
The number is greatly influenced by Reserve Casino’s 224,000 square feet of space. Nearly 44,000 square feet of the total space is gaming area space which includes as many as 1,200 approved gaming terminals.
Significant Boost for the Company
The acquired property also includes the total of 119 hotel rooms, two bars, three restaurants, a live entertainments facility, while it also boasts as many as 700 parking spaces.
Pending approval from the Colorado Division of Gaming, the purchase transaction will also see CC Gaming become owner of 40 acres of adjacent property, which is a multi-function facility well suited for convention purposes.
The owner of CC Gaming, John Zimpel, was happy to announce the purchase stating that adding nearly 120 rooms to the company’s family of properties will expand the CC Gaming’s market offering, improving the firm’s capabilities to better serve its customers and guests.
“Hotel rooms are at a premium in the Black Hawk/Central City gaming market”, he added.
Reserve Casino was originally constructed in 1994 with the $80 million build making it the first hotel and casino to open in Central City.
Since the inauguration, the resort was remodeled twice – in 2007 and again in 2012.