Century Casinos, Inc. Enters into Definitive Agreement to Sell Century Mile and Century Downs Racetracks in Alberta, Canada

Century Casinos signed a definitive agreement to sell Century Mile (Edmonton) and Century Downs (Calgary) to Highfield Investment Group for approximately $16.4 million, or 6.1x FY2025 EBITDA. The VICI master lease will be amended to drop both properties, cutting Century's annual rent by about $7.5 million, with Highfield assuming the rent obligations. Proceeds go to debt reduction and the deal is expected to lower lease-adjusted net leverage; closing is expected in Q4 2026 or Q1 2027 pending regulatory approvals. The sale removes Canadian operating cash flow as part of a strategic pivot toward Century's core U.S.

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