Century Casinos acquires Silver Dollar Casino in Canada
Friday, January 15, 2010 at 4:35:32 PM
Colorado Springs-based Century Casinos, Inc. announced recently that the company's Austrian subsidiary, Century Casinos Europe GmbH, completed its previously announced acquisition of 100% of the outstanding common stock of Frank Sisson's Silver Dollar Ltd. and 100% of the outstanding common stock of EGC Properties Ltd., the owner and operator of the Silver Dollar casino in Calgary, Alberta, Canada and the related land. At closing, CCE paid $9,5 million, which includes $9,650,000 less $150,000 for a working capital adjustment. CCE paid $1,000,000 towards the acquisition on November 6, 2009. No financing was required.
The Silver Dollar is a 93,000 square foot casino facility located on approximately seven acres of land in Calgary. The casino facility includes 504 slot machines, 16 table games, 15 video lottery terminals, two restaurants, a lounge, a 5,000 square foot showroom, an 18,000 square foot sports and entertainment center and a 38-lane bowling alley.
The Company intends to make significant improvements to the casino layout and interior design and plans to re-launch a new and competitive casino and entertainment facility under the "Century Casino" brand in the third quarter of this year.
...read the source Note: The links to older news stories hosted on other servers often no longer function. We apologize for any inconvenience.
38,000 pages of information in our directory, and we still can't help you find what you're looking for?
Let us know where we failed!
You can help us improve just by using one of the following options:
1. Private comment
2. Email us
3. Add a business.