Century Casino Spikes on Canadian Deal
Stock quotes in this article:CNTY
COLORADO SPRINGS, COLO. (TheStreet) -- Century Casinos(CNTY) is spiking Tuesday, after it agreed to purchase a casino operator in Canada for $10.7 million.
Century will acquire all outstanding common shares of Frank Sisson's Silver Dollar and 100% of the outstanding common stock of EGC Properties, owner and operator of Silver Dollar casino in Calgary, Alberta, Canada. Silver Dollar is a 93,000-square-foot casino that 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 convention center and a 38-lane bowling alley. The transaction is expected to close in the first quarter of 2010. Shares of Century are gaining 8.6% to $2.40 in morning trading. -- Reported by Jeanine Poggi in New York. >>See our new stock quote page. Follow TheStreet.com on Twitter and become a fan on Facebook.>To order reprints of this article, click here: ReprintsTheStreet Premium Services For Personal Service: 877-471-2967
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