The Bermuda Casino Gaming Commission, following the enactment of the Casino Gaming Act in 2014, initiated the three stage application process for the island’s first casinos in 2015. The Bermudan government granted two ‘designated site orders’, one thereof to the Hamilton Princess hotel in 2016, completing the first stage of the application process. In total, there is the potential for four licenced integrated resort casinos to operate on the island.
The company, through its Austrian subsidiary Century Casinos Europe GmbH (CCE), entered in a long-term management agreement with Hamilton Properties Limited, a Bermudan company which owns the Hamilton Princess Hotel & Beach Club. Pursuant to the management agreement, CCE assisted with the license application and would manage the operations of the casino, should a license be awarded. In addition, CCE would also provide loan funding in the amount of US$ 5,000,000 for casino equipment.
The Hamilton Princess hotel is Bermuda’s premier luxury urban resort and truly a Bermuda classic. For over 130 years the Hamilton Princess Hotel & Beach Club has stood as a symbol of luxury and service.
The casino with approximately 12,000 square feet of gaming space will feature 17 gaming tables, 200 slot machines and an automated roulette machine on its main casino floor, high limit area and salon privé.
