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Century Casinos Enters into Definitive Agreement to Sell Casino Operations of Century Casino Calgary

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Century Casinos, Inc., announced that its subsidiary Century Resorts Alberta, Inc. has entered into a definitive agreement to sell the casino operations of Century Casino Calgary to 2267166 Alberta Ltd. (the “Buyer”) for CAD 10.0 million ($7.5 million based on the exchange rate on July 31, 2020) plus a three year quarterly earn out as specified in the agreement.

The CAD 10.0 million was paid at the execution of the definitive agreement and is non-refundable, except as described in the Agreement, but subject to working capital and other adjustments. CRA will continue to operate Century Sports (sports bar, bowling and entertainment) and to own the real estate.

The Agreement contemplates that CRA will enter into a lease agreement with the Buyer for the Calgary premises. The lease will have an annual net rent of approximately CAD 480,000 ($358,102 based on the exchange rate on July 31, 2020) and a term of three years.

“This transaction immediately strengthens our balance sheet,” Erwin Haitzmann and Peter Hoetzinger, Co-Chief Executive Officers of Century Casinos remarked. “The Calgary casino is one of our smaller operations, contributing $8.4 million in net operating revenue and $1.2 million in Adjusted EBITDA (approx. half from the casino operations we are selling and half from sports bar, bowling and entertainment operations we will continue operating) in 2019,” Haitzmann and Hoetzinger concluded.

The transaction, which is expected to close in fall 2020, is subject to approval by the Alberta Gaming, Liquor and Cannabis Commission, but the CAD 10.0 million payment already made to Century Casinos is non-refundable except as described in the Agreement.

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AGLC

Internet Vikings Expands Canadian Footprint into Alberta

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Internet Vikings, a licensed hosting provider for the North American iGaming and online sports betting industry, has announced that its hosting solutions are ready to launch in Alberta, Canada. Internet Vikings’ infrastructure and operational processes already align with the province’s expected requirements, meaning the company can help operators enter the Alberta market faster and with greater confidence.

The expansion comes following the release of updated hosting, infrastructure, and security requirements by the AGLC. As Alberta prepares to open its market, operators and suppliers are facing strict requirements around cybersecurity and disaster recovery.

Internet Vikings’ experience supporting regulated operators across North America positions the company to help businesses comply with these operational and regulatory requirements efficiently from day one.

Requirements include adherence to internationally recognized security standards such as SOC 2 and ISO 27001. In addition, operators are expected to maintain disaster recovery environments, encrypted immutable backups, and perform routine recovery testing to ensure business continuity.

“We are ready to provide the infrastructure and local expertise operators need to launch and scale successfully. We are already working with operators preparing for launch and understand the urgency involved in getting compliant infrastructure deployed quickly,” said Rickard Vikström, CEO and Founder of Internet Vikings.

Internet Vikings first established operations in Ontario in 2022 and is now expanding its Canadian footprint into Alberta with hosting solutions, including VMware cloud hosting, bare metal servers, bare metal GPU servers, disaster recovery, and backup solutions.

The post Internet Vikings Expands Canadian Footprint into Alberta appeared first on Americas iGaming & Sports Betting News.

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Alberta

Gaming Corps wins conditional Alberta iGaming supplier licence

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Gaming Corps has secured a conditional iGaming supplier licence from the Alberta Gaming, Liquor & Cannabis (AGLC), clearing the company to manufacture and supply gaming software in the province ahead of Alberta’s regulated market launch on 13 July 2026.

The licence was granted through Gaming Corps’ subsidiary, Gaming Corps Malta Ltd. The company said the approval positions it to enter Alberta’s regulated iGaming market from day one.

Alex Lorimer, COO at Gaming Corps said: “Securing our Alberta licence marks another important step in Gaming Corps’ regulated market expansion strategy. Canada continues to represent a key growth region for us, and we’re excited to bring our expanding portfolio of games and unique mechanics to operators and players in Alberta.”

Alberta is set to become Canada’s second regulated open iGaming market after Ontario, with the AGLC overseeing licensing and compliance requirements for operators and suppliers.

The post Gaming Corps wins conditional Alberta iGaming supplier licence appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

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AGLC

Gaming Corps Secures Alberta iGaming Licence Ahead of Market Launch

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Gaming Corps has secured a conditional iGaming supplier licence from the Alberta Gaming, Liquor & Cannabis (AGLC), positioning the studio for launch in Alberta’s regulated market from day one.

Granted through its subsidiary Gaming Corps Malta Ltd, the licence allows the company to manufacture and supply gaming software in the Canadian province ahead of the market opening on 13 July 2026.

With approval now secured, Gaming Corps continues to accelerate its North American expansion strategy while strengthening its position in regulated markets.

The move gives operators in Alberta access to Gaming Corps’ portfolio of casino games and proprietary game mechanics as the province prepares to open its regulated iGaming framework.

Alex Lorimer, COO at Gaming Corps said: “Securing our Alberta licence marks another important step in Gaming Corps’ regulated market expansion strategy. Canada continues to represent a key growth region for us, and we’re excited to bring our expanding portfolio of games and unique mechanics to operators and players in Alberta.”

Alberta is set to become Canada’s second regulated open iGaming market, following Ontario, with the AGLC overseeing licensing and compliance requirements for operators and suppliers.

The post Gaming Corps Secures Alberta iGaming Licence Ahead of Market Launch appeared first on Americas iGaming & Sports Betting News.

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