Century Casinos to sell Century Mile and Century Downs racetracks to Highfield for $16.4M

CENTURY CASINOS INC /CO/

Purchase price approximately $16.4 million (CAD 23.2 million at 0.7074 CAD/USD), a 6.1x multiple of FY 2025 EBITDA.
Buyer is Highfield Investment Group Inc.; agreement signed September 24, 2026, with closing expected in Q4 2026 or Q1 2027.
Century Casinos owns 100% of Century Mile in Edmonton and 75% of Century Downs in Calgary; noncontrolling partners own the other 25%.
VICI Properties owns the real estate; at closing the Master Lease is amended to remove both properties, cutting annual rent by about $7.5 million (CAD 10.7 million), with Highfield as new tenant.
Proceeds will reduce indebtedness and are expected to lower pro forma lease-adjusted net leverage; Macquarie Capital advised, Field Law was counsel.

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