Boardwalk Empire, Steve Buscemi

Macall B. Polay / HBO

The boardwalk is still open for business!

HBO has officially renewed critically acclaimed drama Boardwalk Empire for a fifth season, the network announced on Thursday. The good news comes on the heels of star Bobby Cannavale scoring an Emmy for Outstanding Supporting Actor in a Drama Series

"Thanks to Terry Winter, Martin Scorsese, Tim Van Patten, Howard Korder and their stellar team, Boardwalk Empire remains in a class by itself," HBO president Michael Lombardo said in a statement.  "I look forward to another electrifying season of this impeccably crafted series."

Set in the 1920s, the series centers on the life of Atlantic City gangster Nucky Thompson (Steve Buscemi) during the prohibition era. Boardwalk Empire's fourth season premiered three weeks ago and has averaged 7.5 million viewers.

In addition to Cannavale's surprise win, the series took home another four awards at the 2013 Emmys, including Outstanding Art Direction, Outstanding Hairstyling, Outstanding Sound Mixing and Outstanding Sound Editing. Boardwalk's five wins were the most for any single series that night.

Cannavale made headlines during his acceptance speech when he referred to girlfriend Rose Byrne as "the love of my life." To celebrate his win, Cannavale and Byrne partied with his costar Chris Caldovino, as well as fellow Emmy winners Jeff Daniels and Julia Louis-Drefyus as HBO's official afterparty.

Boardwalk Empire airs Sunday on HBO.

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