Century Casinos plans to sell its Alberta racing and gaming operations, cut annual rent by about $7.5 million, and use the sale money to pay down debt. The filing gives no profit figures for the businesses, so it does not show whether the savings outweigh their loss.
Lower rent and planned debt repayment could help Century. But it will also give up both casinos' racing and gaming operations. The filing gives no profit figures for those operations, so it does not show whether the savings outweigh what Century gives up.
VICI's properties will have a new tenant, Highfield, responsible for rent after the sale. The filing does not say rent will change, so it does not show a clear change for VICI.
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