Century Casinos (CNTY) to Sell Casino Operations of Century Casino Calgary
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Century Casinos Enters into Definitive Agreement to Sell Casino Operations of Century Casino Calgary
August 5, 2020 4:01 PM EDTCOLORADO SPRINGS, Colo., Aug. 5, 2020 /PRNewswire/ -- Century Casinos, Inc. (Nasdaq Capital Market®: CNTY) ("Century Casinos" or the "Company"), announced today that its subsidiary Century Resorts Alberta, Inc. ("CRA") has entered into a definitive agreement to sell the casino operations of Century Casino Calgary ("Calgary") to 2267166 Alberta Ltd. (the "Buyer") for CAD 10.0 million ($7.5 million based on the exchange rate on July 31, 2020) plus a three year quarterly earn out as specified in the agreement.
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