Century Casinos, Inc. operates as a casino entertainment company in the United States, Canada, and Poland. The company develops and operates gaming establishments, as well as related lodging, restaurant, and horse racing including off-track betting; and entertainment facilities. Century Casinos, Inc. was founded in 1992 and is based in Colorado Springs, Colorado.
Century Casinos, Inc. Enters into Definitive Agreement to Sell Century Mile and Century Downs Racetracks in Alberta, Canada
Century Casinos signed a definitive agreement to sell Century Mile (Edmonton) and Century Downs (Calgary) to Highfield Investment Group for approximately $16.4 million, or 6.1x FY2025 EBITDA.
The VICI master lease will be amended to drop both properties, cutting Century's annual rent by about $7.5 million, with Highfield assuming the rent obligations.
Proceeds go to debt reduction and the deal is expected to lower lease-adjusted net leverage; closing is expected in Q4 2026 or Q1 2027 pending regulatory approvals.
The sale removes Canadian operating cash flow as part of a strategic pivot toward Century's core U.S. properties.