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U.S. REIT buys four Alberta casinos for $221.7 million

Lease-back deal includes racetrack-casinos in Calgary, Edmonton and St. Albert
VICI Properties, New York City, NY, for Western Investor

Property type: Gambling venue portfolio

Properties: Century Casino & Hotel Edmonton, Edmonton, Century Casino St. Albert; Century Mile Racetrack and Casino, Edmonton and Century Downs Racetrack and Casino, Calgary

Price: $221.7 million

Type of deal: Sale-leaseback for 20 years

Annual lease: $17.3 million.

Seller (and lessee ): Century Casinos, Colorado Springs, Colorado, USA

Buyer: VICI Properties Real Estate Investment Trust, New York City, New York, USA