Century Casinos to sell Century Mile and Century Downs racinos for about $23.2M
Highfield Investment Group will take over Alberta's two racetrack casinos, which are expected to keep operating after the sale closes.
Province
The latest land-based gaming news from Alberta: regulation, casinos, First Nations gaming, enforcement, racing and community impact.
Highfield Investment Group will take over Alberta's two racetrack casinos, which are expected to keep operating after the sale closes.
The real estate deal for Century Mile and Century Downs starts at $10.7 million a year in rent and follows Century Casinos' sale of the tracks' operations.
The Edmonton and Calgary provider is the first organization funded under a provincial competition for gambling treatment and recovery services.
The former Spectrum building, which held the old grandstand and casino, is the final structure left from the Northlands Park racetrack complex.
Created after VLTs arrived in Alberta, the institute links researchers at three universities studying who is harmed by gambling and why.
Shareholders and an Alberta court have approved the $13.65-a-share deal, which would give the First Nations-owned group seven Alberta casinos.
Enoch Cree Nation marks the end of exterior work on its resort and casino west of Edmonton with a ceremony.
A Court of King's Bench justice found the regulator acted unfairly, leaving a south Edmonton casino under construction in limbo.
The racino near Edmonton opened its spring and summer meet on May 2 with an eight-race card.
WCLC promoted its Healthy Play program and opened responsible gambling training to all staff during March.
The Northern Isga Foundation, which shares in Eagle River Casino revenue, faces a $91,162.50 penalty and has appealed to the Federal Court.
Alberta's regulator has kept the temporary increase from 15% in place for three more years, Gamehost says.
Century Mile and Century Downs had asked to convert their racing entertainment centre licences to casino licences with 10 tables each.
Calgary police say two casino employees worked with three patrons to hand out winnings at card games over nearly three weeks.
RCMP say high-value cash withdrawals at casino ATMs disrupted machines across Western Canada; a fifth man was wanted on a warrant.