Century agrees Canadian racetrack sale as VICI prepares new tenant lease
Century Casinos ($CNTY) has signed an agreement to sell the operations of Century Mile and Century Downs in Alberta to Highfield Investment Group for C$23.2 million, approximately US$16.4 million. Century plans to reduce indebtedness and concentrate on its U.S. business. The sale covers operating interests, not the underlying real estate, which remains owned by VICI Properties ($VICI). Alongside the disposal, VICI has agreed to replace the relevant portion of Century’s master lease with a new 20
0