Century Casinos receives approval for proposed racetrack in Canada

27 March 2017

(PRESS RELEASE) -- Century Casinos, Inc. announced today that the Alberta Gaming and Liquor Commission has approved the company's proposed Century Mile Racing Entertainment Centre project near Edmonton, Alberta, Canada.

In September 2016, the company was selected as the successful applicant by Horse Racing Alberta to own, build and operate a horse racing facility in the Edmonton area, which the company will operate as Century Mile. Century Mile will be a one-mile horse racetrack, complete with barns, ample parking and a multi-level racing entertainment center. The racing entertainment center will include a gaming floor with initially 550 slot machines, an off-track betting area, food and beverage outlets, indoor and outdoor viewing areas, and a grandstand. The proposed location is on Edmonton International Airport land, just south of Edmonton and positioned off Queen Elizabeth II Highway close to the City of Leduc. This highway is the main corridor between Edmonton and Calgary and one of the most heavily used highways in western Canada. It is also next to a regional shopping center, retail markets, the RedTail Landing Golf Club and close to hotels, which are either already completed or under construction. The location has the potential to capture the south Edmonton and Leduc County markets.

The company estimates that the project will cost approximately CA$50.0 million ($37.5 million based on the current exchange rate), and construction will take approximately 15 months to complete. Commencement of construction of the Century Mile project is subject to the receipt of development and other permits.

The company is now seeking to obtain financing for construction and may use a combination of available cash, bank borrowings, project financing, joint venture or other debt or equity financing to fund the project.

"We are thrilled about this opportunity and believe Century Mile has the potential to be even more successful than Century Downs, the racetrack and racing entertainment center we opened two years ago in north Calgary," the company's Co-CEOs Erwin Haitzmann and Peter Hoetzinger said. "We thank the Alberta Gaming and Liquor Commission as well as Horse Racing Alberta for their trust and approval and will work diligently with them and other authorities to begin and complete construction as soon as reasonably possible."

Related Links
Alberta Gaming and Liquor Commission - AGLC Gaming Vendor Information
AGLC Ownership Details

Featured Vendors
Global Gaming Expo (G2E)
AmericanChecked
Global Gaming Expo (G2E)
The largest gathering of global, commercial and tribal gaming professionals in North America.
AmericanChecked
Background checks for the gaming industry with key & non-key packages & fingerprinting solutions
Betson Imperial Parts & Service
Casino Network
Betson Imperial Parts & Service
Your one stop shop for all your gaming and OEM needs!
Casino Network
20+ years experience selling refurbished slot machines, parts & glass for all major brands
Casino City Press
Casino Schedule Ease
Casino City Press
A leading publisher and distributor of casino and gaming business data and market research reports.
Casino Schedule Ease
Get a 90-Day Free Trial of 100% contactless, customizable table game & full casino scheduling
Sunkist Graphics, Inc.
Rymax Marketing Services, Inc.
Sunkist Graphics, Inc.
Specializing in the creation of best-of-breed gaming graphics - slot glass, sign faces, and more
Rymax Marketing Services, Inc.
Leader in creating award winning player & employee loyalty programs & events proven to increase ROI
Slot Machines Unlimited
Broadband Hospitality
Slot Machines Unlimited
Exporter of IGT, Williams, AVP, Trimline, Aristocrat, Konami, Bally, & parts over 20 yrs experience
Broadband Hospitality
Improve these critical guest-facing amenities: In-room TV, Wi-Fi, Mobile App. Priced right. All here
Kallop
TDN Money Systems
Kallop
Reward every play like a VIP with exclusive luxury brands at affordable prices.
TDN Money Systems
Cage, cash/chip handling experts representing CountR, ARCA, AccuCASH, Fujitsu & NCR
Plastic Card ID
Talisman Group Creators of EZ Baccarat
Plastic Card ID
The World’s Lowest Prices on Printed Plastic Cards and Card Printers!
Talisman Group Creators of EZ Baccarat
With over 800 tables in 150+ casinos, EZ Baccarat is the number one brand in baccarat.
.Dot-iGaming.com
Imagine This
.Dot-iGaming.com
Fully loaded advanced casino platform. One time (low) fee, 100% your property, start now!
Imagine This
Imagine This #1 Source for Player Gifts. Over $50 million in stock ready to ship! Let us serve you!
Oklahoma Indian Gaming Association (OIGA) Conference
TOP ONE TECH LIMITED
Oklahoma Indian Gaming Association (OIGA) Conference
The biggest little show in Indian gaming! Save the date: Aug 9-11, 2022 in Tulsa!
TOP ONE TECH LIMITED
GLOBAL TOUCH SOLUTION PARTNER OF CHOICE,10+ years OEM manufacturing,100+ thousand units application


Your Guide to 15,358 Gaming Industry Suppliers