The buyer is the majority shareholder and President of the Viva Casino Group
Century Casinos closed the sale of Prague Casino
(Czech Republic).- Century Casinos announced that the company has closed the sale of its Century Casino Millennium in the Marriott Hotel in Prague, Czech Republic.
2009-02-16
Reading time 22 seg
An amount of approximately us$ 1,400,000 has already been received by the company. The total consideration payable to the company amounts to us$ 2,200,000. The outstanding balance of us$ 800,000 is payable within the next twelve months.
Century Casino Millennium reported an average annual EBITDA of less than us$200,000 over the last three years and generated less than 3% of the company’s total annual net operating revenue.
The buyer of the Century Casino Millennium is the majority shareholder and President of the Viva Casino Group, which operates casinos in Slovenia, Romania, Bulgaria and Cyprus.
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