Century Casinos, Inc. announces sale-leaseback

According to PR Newswire, Century Casinos, Inc. announced that it has entered into a definitive agreement for subsidiaries of VICI Properties Inc. (NYSE: VICI) (“VICI”) to acquire the real estate assets of Century Casino & Hotel Edmonton, Century Casino St. Albert and harness racing’s Century Mile Racetrack and Casino in Edmonton, Alberta and Century Downs Racetrack and Casino in Calgary, Alberta for an aggregate purchase price of CAD 221.7 million ($164.4 million based on the exchange rate on May 16, 2023) in cash.

The purchase price includes CAD 192.3 million ($142.6 million based on the exchange rate on May 16, 2023) to be paid to subsidiaries of Century Casinos and approximately CAD 29.4 million ($21.8 million based on the exchange rate on May 16, 2023) to acquire the fee simple real estate interest in Century Downs from the owner of such interest.

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Reprinted from PR Newswire