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Cision. © 2020 CPE News, a dvision of CPE Media Inc. All Rights Reserved. About Century Casinos, Inc. Century Casinos, Inc. is an international casino entertainment company. 245 Fairview Mall Drive, Suite 500, Toronto, Ontario M2J 4T1 | tel: 647-872-6300 Private Capital Journal is Canada's complete news sources and intelligence on private capital (angel, VC, private equity, private), public financing, fundraising, M&A, IPO/RTO. CRA will continue to operate Century Sports, encapsulating a sports bar, bowling and entertainment, and to own the real estate.CRA will enter into a lease agreement with the buyer for the Calgary premises, which will have an annual net rent of approximately CA$480,000 ($358,102 based on the exchange rate on July 31, 2020) and a term of three years.“This transaction immediately strengthens our balance sheet,” commented “The Calgary casino is one of our smaller operations, contributing $8.4m in net operating revenue and $1.2m in adjusted EBITDA (approx. More. CRA will enter into a lease agreement with 2267166 Alberta for the Calgary premises. The Company owns and operates Century Casino & Hotels in Cripple Creek and Central City, Colorado, and in Edmonton, Alberta, Canada; the Century Casino Cape Girardeau and Caruthersville, Missouri, in Calgary and St. Albert, Alberta, Canada; Mountaineer Casino, Racetrack & Resort in New Cumberland, West Virginia; the Century Mile Racetrack and Casino (“CMR”) in Edmonton, Alberta, Canada; and Century Bets! Century Casinos’ subsidiary Century Resorts Alberta, Inc. (CRA) will continue to operate the casino and own the real estate. Inc. (“CBS”). COLORADO SPRINGS, Colo., Aug. 7, 2020 /CNW/ -- Century Casinos, Inc. (Nasdaq Capital Market®: CNTY) today announced its financial results for the three and six months ended June 30, 2020.
The lease will have an annual net rent of approximately CDN $480,000 and a term of three years.2267166 Alberta is an affiliate of New Star Capital is a private family-owned holding company that invests in Western Canadian businesses. half from the casino operations we are selling and half from sports bar, bowling and entertainment operations we will continue operating) in 2019,” Haitzmann and Hoetzinger concluded.The transaction, which is expected to close in fall 2020, is subject to approval by the Alberta Gaming, Liquor and Cannabis Commission, but the CAD 10.0 million payment already made to Century Casinos is non-refundable except as described in the Agreement.Century Casinos, Inc. is a casino entertainment company. The lease will have an annual net rent of approximately CAD 480,000 ($358,102 based on the exchange rate on July 31, 2020) and a term of three years.“This transaction immediately strengthens our balance sheet,” Erwin Haitzmann and Peter Hoetzinger, Co-Chief Executive Officers of Century Casinos remarked.
Century Casinos News: This is the News-site for the company Century Casinos on Markets Insider The Company operates one ship-based casino. Through its Austrian subsidiary, Century Resorts Management GmbH (“CRM”), the Company holds a 66.6% ownership interest in Casinos Poland Ltd., the operator of eight casinos throughout Poland; and, a 75% ownership interest in each of Century Downs Racetrack and Casino in Calgary, Alberta, Canada. Colorado Springs headquartered gaming company Century Casinos has announced that its Century Resorts Alberta subsidiary has entered into a definitive agreement to shed the casino operations of its Calgary property to 2267166 Alberta Ltd.. Century Casinos has entered into an agreement for the sale of operations at Century Casino Calgary for CAD 10m ($7.5m). CNTY | Complete Century Casinos Inc. stock news by MarketWatch. Century Casinos disclaims any obligation to revise or update any forward-looking statement that may be made from time to time by it or on its behalf. Century Casinos Enters into Definitive Agreement to Sell Casino Operations of Century Casino CalgaryCOLORADO SPRINGS, Colo., Aug. 5, 2020 /CNW/ — Century Casinos, Inc. (Nasdaq Capital Market®: CNTY) (“Century Casinos” or the “Company”), announced today that its subsidiary Century Resorts Alberta, Inc. (“CRA”) has entered into a definitive agreement to sell the casino operations of Century Casino Calgary (“Calgary”) to 2267166 Alberta Ltd. (the “Buyer”) for CAD 10.0 million ($7.5 million based on the exchange rate on July 31, 2020) plus a three year quarterly earn out as specified in the agreement.The CAD 10.0 million was paid at the execution of the definitive agreement and is non-refundable, except as described in the Agreement, but subject to working capital and other adjustments. “The Calgary casino is one of our smaller operations, contributing $8.4 million in net operating revenue and $1.2 million in Adjusted EBITDA (approx. * Amounts presented are rounded. © Casinobeats.com The transaction of Century Casino Calgary, which is expected to close later in the year, is valued at CA$10m ($7.5m based on the exchange rate on July 31, 2020), includes a three year quarterly earn out as specified in the agreement, and is subject to approval by the The CA$10m is said to have been paid at the execution of the definitive agreement and is non-refundable, except as described in the agreement, but subject to working capital and other adjustments.
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