Century Gaming recently divested its Canadian holdings for a sum of $162.4 million! The purchaser is Vici Properties, a real estate investment trust that currently leases assets to Century Gaming. This transaction effectively integrates the Canadian properties into the existing lease arrangement.
Here’s a summary:
* Vici disbursed $221.7 million in Canadian currency (equivalent to $162.4 million USD).
* Following deductions for expenditures and taxes, Century Gaming received approximately $154.5 million Canadian.
* This agreement augments the yearly lease payment that Century Gaming remits to Vici by $17.3 million Canadian.
This appears to be a prudent maneuver for Century Gaming. It enables them to reduce their liabilities and provides enhanced financial adaptability. They are evidently pleased with the expansion of their partnership with Vici Properties.
Incidentally, Century Gaming also recently published their earnings report for the second quarter of 2023. Remain attentive for further updates on this matter!
The firms Q2 financial results were a resounding success, as profits surged to an impressive $1.37 billion, representing a substantial 23% increase compared to the same period last year.
