Century Casinos has agreed to sell its racing and gaming operations at Century Mile Racetrack and Casino in Edmonton and Century Downs Racetrack and Casino in Calgary to Highfield Investment Group for approximately $16.4 million CAD. This sale will reduce the company's annual rent obligations by about $7.5 million USD and improve financial flexibility by lowering lease-adjusted net leverage. The company plans to use the proceeds to reduce debt and concentrate on its U.S. properties, where it sees stronger growth opportunities. The transaction is expected to close by early 2027, pending regulatory approvals.
While Century Casinos focuses on divesting its Canadian racetracks to strengthen its U.S. operations, VICI Properties Inc, a key player in the real estate sector, trades close to its 52-week low at USD 23.55 as of Sep 28, 2026, 19:01 WIB on Pluang. This price is just above its 52-week low of USD 23.27 and well below its 52-week high of USD 32.91, with a dividend yield of 7.83%. The contrast highlights different strategic moves within the real estate and gaming sectors as companies adjust their portfolios.
VICI Properties is under pressure as its two largest tenants, Caesars and MGM, undergo significant changes—Caesars is going private with increased debt, and MGM failed in its buyout attempt. Rising Treasury yields above 5% and a modest 2.2% dividend ...
Analysts have mixed views on VICI Properties, a REIT focused on gaming and hospitality properties, with some lowering price targets due to refinancing costs and rent growth limits. Despite these concerns, the company maintains strong fundamentals inc...
