{"id":46,"date":"2024-06-12T10:35:55","date_gmt":"2024-06-12T07:35:55","guid":{"rendered":"https:\/\/vegasgemsnodepositbonus.icu\/2024\/06\/12\/century-gaming-divests-canadian-assets-in-162-4-million-deal-with-vici-properties\/"},"modified":"2024-06-13T12:10:50","modified_gmt":"2024-06-13T09:10:50","slug":"century-gaming-divests-canadian-assets-in-162-4-million-deal-with-vici-properties","status":"publish","type":"post","link":"https:\/\/vegasgemsnodepositbonus.icu\/2024\/06\/12\/century-gaming-divests-canadian-assets-in-162-4-million-deal-with-vici-properties\/","title":{"rendered":"Century Gaming Divests Canadian Assets in $162.4 Million Deal with Vici Properties"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/cVWlikeGEZU\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Century Gaming concluded the divestiture of its Canadian assets for $162.4 million. This agreement sees Century Gaming divesting its property interests in Edmonton and Calgary to a Vici Properties affiliate. The aggregate cash influx reached CA$221.7 million, equivalent to US$162.4 million.  After deducting diverse costs and levies, Century Gaming realized roughly CA$154.5 million. This sum encompasses a portion designated for minority stakeholders in Century Downs.<\/p>\n<p>This arrangement bolsters Century Gaming&#8217;s existing collaboration with Vici Properties. The Canadian holdings will now be governed by their overarching lease accord, yielding an annual rental escalation of CA$17.3 million. This pact incorporates a ceiling on yearly rental hikes at 2.5% and prolongs the initial lease duration to 15 years, accompanied by four supplementary five-year renewal possibilities.<\/p>\n<p>Erwin Haitzmann and Peter Hoetzinger, Co-CEOs of Century Gaming, conveyed their contentment with the transaction, emphasizing its contribution to fortifying their alliance with VICI and affording enhanced financial adaptability as they pursue their expansion strategy.<\/p>\n<p>Century Gaming also recently unveiled its financial performance for the second quarter of 2023. <\/p>\n<p>The firms Q2 earnings were undeniably remarkable.  Their income reached a substantial $1.37 billion, marking a significant 23% surge in contrast to the corresponding quarter in the preceding year. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Century Gaming concluded the divestiture of its Canadian assets for $162.4 million. This agreement sees Century Gaming divesting its property interests in Edmonton and Calgary to a Vici Properties affiliate. The aggregate cash influx reached CA$221.7 million, equivalent to US$162.4 million. After deducting diverse costs and levies, Century Gaming realized roughly CA$154.5 million. This sum [&hellip;]<\/p>\n","protected":false},"author":76,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Century Gaming Sells Canadian Assets for $162.4 Million<\/title>\n<meta name=\"description\" content=\"Century Gaming has finalized a deal to sell its properties in Edmonton and Calgary to Vici Properties for a cool $162.4 million. 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