{"id":219,"date":"2024-06-18T02:10:21","date_gmt":"2024-06-17T23:10:21","guid":{"rendered":"https:\/\/freecashbonusnodepositcasino.icu\/2024\/06\/18\/century-gaming-divests-canadian-properties-in-strategic-move\/"},"modified":"2024-06-20T16:58:22","modified_gmt":"2024-06-20T13:58:22","slug":"century-gaming-divests-canadian-properties-in-strategic-move","status":"publish","type":"post","link":"https:\/\/freecashbonusnodepositcasino.icu\/2024\/06\/18\/century-gaming-divests-canadian-properties-in-strategic-move\/","title":{"rendered":"Century Gaming Divests Canadian Properties in Strategic Move"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/r1n1hK7-Ero\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Century Gaming has solidified its collaboration with Vici Properties through the divestiture of its Canadian holdings for a sum of $162.4 million. This transaction encompasses two gaming establishments situated in Alberta: Century Casino &#038; Hotel Edmonton and Century Casino Calgary. <\/p>\n<p>Rest assured, this does not signify Century Gaming&#8217;s withdrawal from the Canadian market! These properties are now integrated into a preexisting lease arrangement between Century Gaming and Vici Properties, a prevalent practice within the casino industry.  In essence, Century Gaming will maintain operational control of the casinos while leasing the physical properties from Vici.<\/p>\n<p>This divestiture is projected to inject approximately $154.5 million in cash into Century Gaming&#8217;s coffers after deducting expenses. The company intends to allocate these funds towards debt reduction and enhancing its financial agility \u2013 a prudent maneuver in the realm of business.<\/p>\n<p>This agreement represents merely one facet of Century Gaming&#8217;s broader strategic plan.  The corporation recently unveiled its financial performance for the second quarter of 2023, underscoring its commitment to both expansion and financial soundness. <\/p>\n<p>The firms recent quarterly earnings demonstrated a robust surge in profitability, as net earnings reached $1.368 billion \u2013 a substantial 23% rise compared to the corresponding timeframe in the preceding year. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Century Gaming has solidified its collaboration with Vici Properties through the divestiture of its Canadian holdings for a sum of $162.4 million. This transaction encompasses two gaming establishments situated in Alberta: Century Casino &#038; Hotel Edmonton and Century Casino Calgary. Rest assured, this does not signify Century Gaming&#8217;s withdrawal from the Canadian market! These properties [&hellip;]<\/p>\n","protected":false},"author":110,"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 Two Alberta Casinos for $162.4 Million<\/title>\n<meta name=\"description\" content=\"Century Gaming divests its Canadian holdings in a deal with Vici Properties. 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