{"id":216,"date":"2024-06-19T10:42:51","date_gmt":"2024-06-19T07:42:51","guid":{"rendered":"https:\/\/netbetcasinonodepositbonus.icu\/2024\/06\/19\/century-gaming-sells-canadian-properties-in-strategic-move\/"},"modified":"2024-06-20T17:01:05","modified_gmt":"2024-06-20T14:01:05","slug":"century-gaming-sells-canadian-properties-in-strategic-move","status":"publish","type":"post","link":"https:\/\/netbetcasinonodepositbonus.icu\/2024\/06\/19\/century-gaming-sells-canadian-properties-in-strategic-move\/","title":{"rendered":"Century Gaming Sells Canadian Properties in Strategic Move"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/oCxJUvNT9sc\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Century Gaming has divested its Canadian holdings for a substantial $162.4 million, bolstering its alliance with Vici Properties.  The transaction grants Vici ownership of Century&#8217;s premium Edmonton and Calgary properties, incorporating these sites into a pre-existing lease arrangement between the entities.<\/p>\n<p>This calculated maneuver yields Century a significant gain and affords them enhanced fiscal agility.  The supplementary lease revenue from the Canadian assets, capped at a 2.5% yearly increase, reinforces Century&#8217;s financial projections.  The lease prolongation to a possible 35 years showcases enduring dedication and belief in the Canadian sector.<\/p>\n<p>Both Century Gaming co-CEOs, Erwin Haitzmann and Peter Hoetzinger, conveyed contentment with the agreement, highlighting its contribution to their wider strategic objectives. This action corresponds with Century&#8217;s latest Q2 2023 earnings statement, signaling a proactive and potentially fruitful trajectory for the enterprise. <\/p>\n<p>The firms Q2 experienced a robust earnings surge, generating $1.368 billion \u2013 a substantial 23% climb versus the corresponding timeframe in the prior year. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Century Gaming has divested its Canadian holdings for a substantial $162.4 million, bolstering its alliance with Vici Properties. The transaction grants Vici ownership of Century&#8217;s premium Edmonton and Calgary properties, incorporating these sites into a pre-existing lease arrangement between the entities. This calculated maneuver yields Century a significant gain and affords them enhanced fiscal agility. 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