Racing Entertainment Centre Holdings Inc. to acquire Century Mile Racetrack and Casino and Century Downs Racetrack and Casino

Racing Entertainment Centre Holdings Inc. has agreed to acquire Century Mile Racetrack and Casino and Century Downs Racetrack and Casino in a cash asset sale. The transaction, announced on 28 September 2026, is valued at 16.4 million US dollars. This deal involves the purchase of specific assets from the target entities, which operate within the hospitality and leisure sector. Both the buyer and the target companies are based in Canada. The consideration for this acquisition is structured entirely as a cash payment. No completion date has been reported for this transaction. The current status of the deal is firm intention, indicating that the parties have reached a definitive agreement on the terms. This acquisition represents a strategic move for the buyer to expand its portfolio in the racing and casino industry. The deal highlights the ongoing consolidation within the Canadian hospitality and leisure market. The specific assets being transferred will allow the buyer to integrate these operations into its existing framework. There are no additional financial details or contingent payments mentioned in the available facts. The process remains focused on the transfer of ownership for the identified assets.

The transaction is subject to regulatory approval.