Letter Of Commitment Promises to Fund New Casinos in Central City,Colorado

An announcement has been made by‭ ‬Century Casinos‭ ‬Inc,‭ ‬declaring that Wells Fargo Gaming Capital sent a letter of commitment to Century Casinos‭' ‬subsidiary,‭ ‬CC Tollgate Casino,‭ ‬LLC.‭ ‬The letter from Wells Fargo Gaming Capital,‭ ‬a funding unit at the Wells Fargo Bank,‭ ‬National Association,‭ ‬stated that it would finance‭ ‬$35‭ ‬million,‭ ‬part of which would be funded by Wells Fargo itself,‭ ‬for Century Casinos‭' ‬Colorado casino project.‭

This money,‭ ‬along with‭ ‬$45‭ ‬million provided by a private lender,‭ ‬will contribute to the Central City,‭ ‬Colorado,‭ ‬project,‭ ‬funding tasks such as refinancing the‭ Century Casinos‭' ‬current loan from Colorado Business Bank.‭ ‬It will also be used to fund the development of the actual property,‭ ‬as well as to acquire equipment for the casinos.‭

The‭ ‬$35‭ ‬million refinancing will be divided among a‭ ‬$32.5‭ ‬million construction loan,‭ ‬as well as a‭ ‬$2.5‭ ‬million dollar revolving line of credit.‭

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