{"id":4583,"date":"2023-05-20T01:04:44","date_gmt":"2023-05-20T01:04:44","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2023\/05\/20\/vici-properties-acquires-century-casinos-canadian-portfolio\/"},"modified":"2023-05-20T01:04:44","modified_gmt":"2023-05-20T01:04:44","slug":"vici-properties-acquires-century-casinos-canadian-portfolio","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2023\/05\/20\/vici-properties-acquires-century-casinos-canadian-portfolio\/","title":{"rendered":"VICI Properties Acquires Century Casino\u2019s Canadian Portfolio"},"content":{"rendered":"<div>\n<p><span class=\"styles_wordWithSynonyms__8M9z7\">May<\/span> 17 <span class=\"styles_wordWithSynonyms__8M9z7\">was<\/span> a <span class=\"styles_wordWithSynonyms__8M9z7\">big<\/span> <span class=\"styles_wordWithSynonyms__8M9z7\">date<\/span> for <span class=\"styles_wordWithSynonyms__8M9z7\">New<\/span> York-based <span class=\"styles_wordWithSynonyms__8M9z7\">real<\/span> <span class=\"styles_wordWithSynonyms__8M9z7\">estate<\/span> <span class=\"styles_wordWithSynonyms__8M9z7\">investment<\/span> <span class=\"styles_wordWithSynonyms__8M9z7\">trust<\/span> VICI <span class=\"styles_wordWithSynonyms__8M9z7\">Properties<\/span> <span class=\"styles_wordWithSynonyms__8M9z7\">Inc<\/span>. as it <span class=\"styles_wordWithSynonyms__8M9z7\">announced<\/span> <span class=\"styles_wordWithSynonyms__8M9z7\">plans<\/span> to <span class=\"styles_wordWithSynonyms__8M9z7\">acquire<\/span> <span class=\"styles_wordWithSynonyms__8M9z7\">the<\/span> Canadian <span class=\"styles_wordWithSynonyms__8M9z7\">assets<\/span> of Colorado-based <span class=\"styles_wordWithSynonyms__8M9z7\">casino<\/span> <span class=\"styles_wordWithSynonyms__8M9z7\">company<\/span> <span class=\"styles_wordWithSynonyms__8M9z7\">Century<\/span> Casinos <span class=\"styles_wordWithSynonyms__8M9z7\">Inc<\/span>. <span class=\"styles_wordWithSynonyms__8M9z7\">The<\/span> <span class=\"styles_wordWithSynonyms__8M9z7\">acquisition<\/span> <span class=\"styles_wordWithSynonyms__8M9z7\">includes<\/span> <span class=\"styles_wordWithSynonyms__8M9z7\">Century<\/span> <span class=\"styles_wordWithSynonyms__8M9z7\">Casino<\/span> &#038; <span class=\"styles_wordWithSynonyms__8M9z7\">Hotel<\/span>, <span class=\"styles_wordWithSynonyms__8M9z7\">Century<\/span> <span class=\"styles_wordWithSynonyms__8M9z7\">Casino<\/span> St. Albert, <span class=\"styles_wordWithSynonyms__8M9z7\">Century<\/span> <span class=\"styles_wordWithSynonyms__8M9z7\">Mile<\/span> <span class=\"styles_wordWithSynonyms__8M9z7\">Racetrack<\/span> <span class=\"styles_wordWithSynonyms__8M9z7\">and<\/span> <span class=\"styles_wordWithSynonyms__8M9z7\">Casino<\/span> in Edmonton, Alberta, <span class=\"styles_wordWithSynonyms__8M9z7\">and<\/span> <span class=\"styles_wordWithSynonyms__8M9z7\">Century<\/span> <span class=\"styles_wordWithSynonyms__8M9z7\">Downs<\/span> <span class=\"styles_wordWithSynonyms__8M9z7\">Racetrack<\/span> <span class=\"styles_wordWithSynonyms__8M9z7\">and<\/span> <span class=\"styles_wordWithSynonyms__8M9z7\">Casino<\/span> in Calgary, Alberta. <span class=\"styles_wordWithSynonyms__8M9z7\">The<\/span> <span class=\"styles_wordWithSynonyms__8M9z7\">transaction<\/span>, <span class=\"styles_wordWithSynonyms__8M9z7\">collectively<\/span> <span class=\"styles_wordWithSynonyms__8M9z7\">known<\/span> as <span class=\"styles_wordWithSynonyms__8M9z7\">the<\/span> <span class=\"styles_wordWithSynonyms__8M9z7\">Century<\/span> Canadian <span class=\"styles_wordWithSynonyms__8M9z7\">Portfolio<\/span>, is <span class=\"styles_wordWithSynonyms__8M9z7\">expected<\/span> to <span class=\"styles_wordWithSynonyms__8M9z7\">cost<\/span> VICI C$221.7 <span class=\"styles_wordWithSynonyms__8M9z7\">million<\/span> (US$164.7 <span class=\"styles_wordWithSynonyms__8M9z7\">million<\/span>), <span class=\"styles_wordWithSynonyms__8M9z7\">all<\/span> in cash.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative mb-10\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/katsubet.partners\/a3a1ecddd\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n\t\t<amp-img alt=\"Katsubet\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/Katsubet.png\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative\">\n\t\t<a href=\"https:\/\/katsubet.partners\/a3a1ecddd\" title=\"Katsubet\" target=\"_blank\" rel=\"nofollow noopener\">Katsubet<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>5BTC or 100% + 100 Free Spins!<\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Welcome Bonus &#8211; 100% bonus on your first deposit up to 5 BTC\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/katsubet.partners\/a3a1ecddd\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2>A Powerful Integration<\/h2>\n<p>The acquisition will be integrated into the existing Century Master Lease, a triple net master lease agreement between VICI Properties and Century. The transaction is expected to result in an annual rental increase of C$17.3 million (US$12.8 million), with an acquisition capitalization rate of 7.8%. Including the soon-to-be-acquired Rocky Gap Casino Resort and the Century Canadian portfolio, property-level rental coverage under Century Master Lease is expected to be approximately 2.0x. Once the deal closes, VICI is expected to benefit immediately.<\/p>\n<h2>Lease Terms<\/h2>\n<p>Upon closing, the initial base lease term of the Century Master Lease will be extended to 15 years, with four 5-year renewal options for tenants. Century Casinos Inc. remains responsible for Tenant\u2019s obligations under the Century Master Lease. VICI Properties President and Chief Operating Officer John Payne expressed excitement about the company\u2019s third international investment at this momentous occasion. He highlighted their continued drive for global expansion and confidence in the Canadian gaming market, while praising the strengthened partnership with Century and their growth together.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative mb-10\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/luxep.media-412.com\/click?pid=214&#038;offer_id=184\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n\t\t<amp-img alt=\"Rich Prize\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/04\/Rich-Prize-Casino.png\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative\">\n\t\t<a href=\"https:\/\/luxep.media-412.com\/click?pid=214&#038;offer_id=184\" title=\"Rich Prize\" target=\"_blank\" rel=\"nofollow noopener\">Rich Prize<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong><strong>100% up to $1000 + 25% Cashback!<\/strong><\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Welcome Bonus &#8211; 100% bonus on your first deposit up to $1000!<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino &#038; Sports<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/luxep.media-412.com\/click?pid=214&#038;offer_id=184\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2>More Information<\/h2>\n<p>The transaction is subject to customary regulatory approvals and required closing conditions prior to formal closing. The transaction is expected to close in the second half of 2023. VICI Properties provided further details of the acquisition in a \u201cDeal Summary\u201d presentation, which can be found on the \u201cInvestors\u201d section of its website under the \u201cEvents and Presentations\u201d menu.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative mb-10\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/record.revmasters.com\/_a1BXbZV3uxxVQ9qiBeFuTWNd7ZgqdRLk\/1\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n\t\t<amp-img alt=\"BetUS\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/BetUS.png\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative\">\n\t\t<a href=\"https:\/\/record.revmasters.com\/_a1BXbZV3uxxVQ9qiBeFuTWNd7ZgqdRLk\/1\/\" title=\"BetUS\" target=\"_blank\" rel=\"nofollow noopener\">BetUS<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong><strong>Get 125% \/ $2,500 on 1st deposit!<\/strong><\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Welcome Bonus &#8211; 125% bonus on your first deposit up to $2,500<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino &#038; Sports<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/record.revmasters.com\/_a1BXbZV3uxxVQ9qiBeFuTWNd7ZgqdRLk\/1\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/igaming.org\/casino-news\/vici-properties-acquires-century-casinos-canadian-portfolio\/\">VICI Properties Acquires Century Casino\u2019s Canadian Portfolio<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>May 17 was a big date for New York-based real estate investment trust VICI Properties Inc. as it announced plans to acquire the Canadian assets of Colorado-based casino company Century Casinos Inc. The acquisition includes Century Casino &#038; Hotel, Century Casino St. Albert, Century Mile Racetrack and Casino in Edmonton, Alberta, and Century Downs Racetrack [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-4583","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/4583","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=4583"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/4583\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=4583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=4583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=4583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}