Silver Dollar sold

COLORADO SPRINGS, Colo. — Century Casinos, Inc. is adding to its holdings in Alberta by acquiring the insolvent Silver Dollar casino in Calgary in a $10.6-million deal with its operators, the Colorado-based company said Tuesday.

COLORADO SPRINGS, Colo. — Century Casinos, Inc. is adding to its holdings in Alberta by acquiring the insolvent Silver Dollar casino in Calgary in a $10.6-million deal with its operators, the Colorado-based company said Tuesday.

Century said its Austrian subsidiary, Century Casinos Europe GmbH, had entered into a definitive agreement to acquire 100 per cent of the outstanding common stock of Frank Sisson’s Silver Dollar Ltd. and 100 per cent of the outstanding common stock of EGC Properties Ltd.

The total consideration for the casino and related land was put at US$10.6 million, plus or minus a working capital adjustment.

Evergreen Gaming Corp., the company that acquired the Silver Dollar in 2007, filed for protection from creditors under the Companies’ Creditors Arrangement Act in Vancouver last April.

The Silver Dollar is an 8,600-square-metre facility on 2.8 hectares of land in Alberta’s largest city.

The casino has 504 slot machines, 16 table games, 15 video lottery terminals, two restaurants, a lounge, a 465-square-metre showroom, an 1,400-square-metre convention centre and a 38-lane bowling alley.

Century Casinos already owns and operates the Century Casino & Hotel in Edmonton.

“We are excited about expanding in Alberta, Canada, by entering the Calgary gaming market with the addition of the Silver Dollar to Century’s portfolio of casino hotels,” CEOs Erwin Haitzmann and Peter Hoetzinger said in a statement.

Just Posted

Fire investigators comb through industrial fire wreckage looking for answers

Industrial building in north Red Deer was completely gutted in Wednesday morning fire

Time for a central Albertan in cabinet, says chamber of commerce

Central Alberta had no cabinet ministers in last government

Trump Russia probe finally delivers some answers

WASHINGTON — After nearly two years of waiting, America is getting some… Continue reading

Trans Mountain Pipeline deadline extended

OTTAWA — The federal government is delaying a decision on the Trans… Continue reading

WATCH video of Innisfail resident creating the world’s biggest caricature

Watch as Innisfail resident Dean Foster creates the world’s biggest caricature of… Continue reading

CRA’s automatic benefit registrations give retirees reason to file on time

TORONTO — This is the time of year when procrastinators begin to… Continue reading

Study: Genetic test predicts middle-aged obesity risk

NEW YORK — Can a genetic test identify newborns at risk of… Continue reading

Downtown Red Deer Co-op Plaza Food store closing

Central Alberta Co-op is closing its downtown Red Deer Plaza food store… Continue reading

Earth, meet Polo: Ralph Lauren unveils plastic bottle shirt

NEW YORK — Earth, meet Polo. Polo Ralph Lauren on Thursday launched… Continue reading

Statistics Canada reports retail sales rose 0.8 per cent in February

OTTAWA — Statistics Canada says retail sales rose 0.8 per cent in… Continue reading

Inflation rises 1.9% on higher prices for fresh vegetables, mortgage costs

OTTAWA — Canada’s annual inflation was up last month as price pressures… Continue reading

Netflix adds 9.6M subscribers in 1Q as competition heats up

SAN FRANCISCO — Netflix kicked off the year with the biggest subscriber… Continue reading

Liberals find anti-Trudeau sentiment on campaign trail in Prince Edward Island

OTTAWA — When voters in Prince Edward Island go to the polls… Continue reading

Most Read