Refinancing & Growth Capital

Gaming route operator completes refinancing and acquisition

Headquartered in Billings, MT, Century Gaming, Inc. is the largest gaming machine route operator in Montana and the second largest in Nevada, with more than 7,000 slot and video poker machines in more than 600 locations.

Prudential Capital Group’s lending relationship with Century Gaming started in 2004. A highly committed and innovative management team, along with Prudential Capital’s patient lending approach, allowed Century Gaming to weather the storm of one of the deepest recessions in Nevada history.

In 2016, Century Gaming sought to establish a set of capital providers that could support the business as it continues to grow. Century Gaming’s management team was looking for partners to help refinance existing debt, fund the acquisition of Grand Vision Gaming LLC (a gaming machine designer and manufacturer) and provide access to additional liquidity that could be used to fund future expansion opportunities.

“Century Gaming Technologies’ business is all about creating value-added partnerships for our customers,” says Steve Arntzen, Chief Executive Officer of Century Gaming, “The addition of Grand Vision Gaming, which is dedicated to developing superior gaming devices and content for the route market, will allow us to deliver an even more powerful product offering to our vended locations and to other markets as we expand across the country.”

Prudential Capital Group’s understanding of the gaming regulatory environment and strong relationship with the senior management team enabled Century Gaming to combine $43.5 million of junior capital with a new senior credit facility to execute the entire transaction.