{
  "id": 10437333,
  "title": "Century Casinos to sell two Alberta properties for $16.4M",
  "url": "https://urgent.news/2026/09/28/century-casinos-to-sell-two-alberta-properties-for-16-4m",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-28T12:04:33.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/company-news/century-casinos-to-sell-two-alberta-properties-for-164m-93CH-4920155"
  },
  "original_language": "en",
  "account": "Century Casinos Inc., a U.S. company listed on NASDAQ, has agreed to sell its Alberta-based gaming operations to Highfield Investment Group. The deal involves the two casinos in Edmonton and Calgary and is expected to be completed for roughly $16.4 million, or CAD 23.2 million based on current exchange rates. This purchase price works out to a multiple of 6.1 times the company's fiscal year 2025 EBITDA. Century Casinos holds a 100% stake in the Edmonton property and a 75% interest in the Calgary casino, with the remaining 25% owned by other parties. The sale of the properties, which are leased under a master lease agreement managed by Century Casinos, will reduce the company's annual rent by approximately $7.5 million. Following the transaction, Century Casinos plans to utilize the funds to pay down its debt, potentially lowering its lease-adjusted net leverage. The sale is anticipated to take place in the latter part of 2026 or early 2027, pending regulatory approvals and other closing conditions.",
  "summary": null,
  "key_points": [
    "Century Casinos to sell Edmonton and Calgary casinos in Alberta for $16.4M",
    "Purchase price equals 6.1 times company's FY 2025 EBITDA",
    "Sale will cut annual rent by $7.5M and reduce lease-adjusted net leverage"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}