Colorado-based Century Casinos has purchased Saw Close Casino, the holder of a Small Casino Premises Licence, for £600,000, allowing the company to develop and operate a casino in Bath, England.
While the acquisition of the venue is reported to have been finalised, the development and operation of the casino is still subject to regulatory and governmental approvals.
The company has a 30 year lease for the casino space and intends to invest £5m to design, fit-out and equip the 15,000 sq ft gaming floor, which will offer around 18 gaming tables, 35 slot machines and 24 automated live gaming terminals.
“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 Century’s Co- CEOs Erwin Haitzmann and Peter Hoetzinger in a statement. “We believe the casino in Bath has the potential to provide an attractive return on our investment.”
The new venue will form part of a mixed leisure development, which will also include a 147 bedroom four-star hotel and two restaurants.
The casino is scheduled to start operations in the first quarter of 2018, and is expected to be the only licensed casino in the greater Bath area.
The casino licence was previously owned by French firm Groupe Partouche in partnership with Global Gaming Ventures, operator of Leeds’ Victoria Gate Casino.
Century owns or operates casinos in Cripple Creek, Central City, Argentina, Aruba, Canada, Poland and aboard 13 cruise ships. The company also operates a horse racing track and a network of off-track betting locations in Canada.
Bath is an affluent city in the southwest of England, a UNESCO World Heritage Site, the city attracts around five million tourists annually.
The immediate catchment area includes a population of approx. 185,000 in and around Bath.