Century Casinos, Inc. is a North American casino entertainment company founded in 1992 and listed on the Nasdaq Capital Market under the symbol CNTY since 1994. It operates casinos, racetracks, sportsbooks, hotels and event venues. Its US properties are Rocky Gap Casino, Resort and Golf in Maryland, Nugget Casino Resort in Reno and Sparks, Nevada, Mountaineer Casino, Resort and Races in West Virginia, Century Casino and Hotel Cape Girardeau and Century Casino and Hotel Caruthersville in Missouri, and Century Casino and Hotel Cripple Creek and Central City in Colorado. In Alberta, Canada, it runs Century Casino and Hotel Edmonton, Century Casino St. Albert, Century Mile Racetrack and Casino and Century Downs Racetrack and Casino in Calgary. It also holds a controlling stake in Casinos Poland, which runs six casinos in hotels in cities including Warsaw, Wroclaw and Lodz.
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Century Mile and Century Downs go to Highfield Investment Group, a Calgary developer with a thoroughbred racing business, at 6.1 times last year's EBITDA. The rent Century stops paying is worth nearly half the price every year, which is why the deal matters more to its balance sheet than its proceeds suggest.
The competitive landscape for Missouri’s forthcoming sports betting market is continuing to solidify, with Fanatics Sportsbook announcing on Monday that it