CENTURY RESORTS ALBERTA, INC.

Century Casinos Enters into Definitive Agreement to Sell Land and Building in Calgary

Retrieved on: 
Thursday, January 13, 2022
Century Casinos, Securities Exchange Act of 1934, Forward-looking statement, Private Securities Litigation Reform Act, CAD, SEC, Nasdaq, CRA, Century Downs Racetrack and Casino, Risk, Instant Buyer, CRM, Tax, Ownership, Race track, Century Mile Racetrack and Casino, Goal, Procurement, Company, CMR, Mountaineer Casino, Racetrack and Resort, Sale, Securities Act of 1933, Annual report, Online gambling, Casino, Core city

On December 1, 2020, CRA sold the casino operations of Century Casino Calgary located on the property and leased the portion of the property containing the casino premises to the purchaser.

Key Points: 
  • On December 1, 2020, CRA sold the casino operations of Century Casino Calgary located on the property and leased the portion of the property containing the casino premises to the purchaser.
  • CRA continues to operate Century Sports, a sports bar, bowling and entertainment facility located on a portion of the property.
  • Upon closing, CRA will stop operating Century Sports and will transfer the lease agreement for the casino premises to the Buyer.
  • These statements are based on the beliefs and assumptions of the management of Century Casinos based on information currently available to management.

Century Casinos Enters into Definitive Agreement to Sell Land and Building in Calgary

Retrieved on: 
Thursday, January 13, 2022
Century Casinos, Securities Exchange Act of 1934, Forward-looking statement, Private Securities Litigation Reform Act, CAD, SEC, Nasdaq, CRA, Century Downs Racetrack and Casino, Risk, Instant Buyer, CRM, Tax, Ownership, Race track, Century Mile Racetrack and Casino, Goal, Procurement, Company, CMR, Mountaineer Casino, Racetrack and Resort, Multimedia, Sale, Securities Act of 1933, Annual report, Online gambling, Casino, Online shopping, Core city

On December 1, 2020, CRA sold the casino operations of Century Casino Calgary located on the property and leased the portion of the property containing the casino premises to the purchaser.

Key Points: 
  • On December 1, 2020, CRA sold the casino operations of Century Casino Calgary located on the property and leased the portion of the property containing the casino premises to the purchaser.
  • CRA continues to operate Century Sports, a sports bar, bowling and entertainment facility located on a portion of the property.
  • Upon closing, CRA will stop operating Century Sports and will transfer the lease agreement for the casino premises to the Buyer.
  • These statements are based on the beliefs and assumptions of the management of Century Casinos based on information currently available to management.

Century Casinos Enters into Definitive Agreement to Sell Casino Operations of Century Casino Calgary

Retrieved on: 
Wednesday, August 5, 2020
Century Casinos, Earnings before interest, taxes, depreciation, and amortization, Finance, Economy, Companies

The Agreement contemplates that CRA will enter into a lease agreement with the Buyer for the Calgary premises.

Key Points: 
  • The Agreement contemplates that CRA will enter into a lease agreement with the Buyer for the Calgary premises.
  • "This transaction immediately strengthens our balance sheet," Erwin Haitzmann and Peter Hoetzinger, Co-Chief Executive Officers of Century Casinos remarked.
  • "The Calgary casino is one of our smaller operations, contributing $8.4 million in net operating revenue and $1.2 million in Adjusted EBITDA (approx.
  • half from the casino operations we are selling and half from sports bar, bowling and entertainment operations we will continue operating) in 2019," Haitzmann and Hoetzinger concluded.

Century Casinos Enters into Definitive Agreement to Sell Casino Operations of Century Casino Calgary

Retrieved on: 
Wednesday, August 5, 2020
Century Casinos, Earnings before interest, taxes, depreciation, and amortization, Finance, Economy, Companies

The Agreement contemplates that CRA will enter into a lease agreement with the Buyer for the Calgary premises.

Key Points: 
  • The Agreement contemplates that CRA will enter into a lease agreement with the Buyer for the Calgary premises.
  • "This transaction immediately strengthens our balance sheet," Erwin Haitzmann and Peter Hoetzinger, Co-Chief Executive Officers of Century Casinos remarked.
  • "The Calgary casino is one of our smaller operations, contributing $8.4 million in net operating revenue and $1.2 million in Adjusted EBITDA (approx.
  • half from the casino operations we are selling and half from sports bar, bowling and entertainment operations we will continue operating) in 2019," Haitzmann and Hoetzinger concluded.