Century Casinos agrees Alberta sale: Century Casinos stock has USD 7.50 million rent relief

Published on 10/01/2026 at 10:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The deal carries 6.10x fiscal 2025 EBITDA. Century Casinos stock posted USD 151.99 million revenue in the second quarter and a USD 10.91 million GAAP loss.

CNTY, US1564801049, Illustration mit AI erstellt.

Century Casinos (ISIN US1564801049) agreed on September 24, 2026, to sell its Alberta racing and gaming operations for USD 16.40 million, while the transaction is expected to deliver USD 7.50 million in annual rent relief. The agreement gives Century Casinos stock a concrete balance-sheet angle because the company intends to use the proceeds to reduce debt.

Alberta sale targets debt

According to StockTitan on September 24, 2026, Century Casinos agreed to sell Century Mile Racetrack and Casino in Edmonton and Century Downs Racetrack and Casino in Calgary to Highfield Investment Group. The purchase price represents a 6.10x multiple of fiscal 2025 EBITDA, providing a quantified comparison for the divestiture.

The properties are held under Century Casinos' master lease with subsidiaries of VICI Properties. According to FT in the September 28, 2026, company announcement, the annual rent reduction is USD 7.50 million, with Highfield taking responsibility for the associated rent after closing.

Revenue reached USD 151.99 million

Century Casinos reported USD 151.99 million of revenue in the second quarter of 2026, compared with USD 137.24 million in the first quarter. Operating profit increased from USD 11.76 million to USD 17.18 million across those periods, while consolidated net income remained negative at USD 9.31 million in the second quarter.

That operating mix matters because the Alberta transaction addresses both lease costs and indebtedness rather than relying only on revenue growth. The company owns all of Century Mile and 75.00 percent of Century Downs, so the sale also simplifies its operating portfolio while leaving the underlying real estate with VICI Properties.

Closing window extends into 2027

The transaction is expected to close in the fourth quarter of 2026 or the first quarter of 2027, subject to regulatory approvals and customary closing conditions, according to PR Newswire on September 28, 2026. The timing leaves regulatory execution as the key condition for the expected rent and debt benefits.

Century Casinos stock is listed on the Nasdaq Capital Market under ticker CNTY. Its market capitalization was USD 29.5 million as of October 1, 2026, while the primary-exchange 52-week range was USD 1.05 to USD 2.73 as of September 30, 2026.