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Canada – Century to develop 550 slot Calgary racino

By - 4 December 2013

Century Casino has confirmed it will invest US$23m developing Century Downs Racetrack and Casino, the only horse racetrack in the Calgary area, which will house a gaming floor offering 550 gaming machines.

Century has signed amended agreements with United Horsemen of Alberta as well as a commitment letter with Bank of Montreal in connection with the development of the racino in Balzac, in the north metropolitan area of Calgary, Alberta, Canada.

This REC license is the only license currently available in any metropolitan area of Alberta, as its application pre-dates the three-year moratorium on new Casinos and RECs by the Alberta Gaming and Liquor Commission. The proposed project is located less than one mile north of the city limits of Calgary and 4.5 miles from the Calgary International Airport. The location is ideally positioned exiting off the Queen Elizabeth II Highway, which is the main corridor between Calgary and Edmonton and one of the most heavily used highways in Western Canada, next to the CrossIron Mills shopping mall, a major regional attraction, and would capture both the north and the northwest Calgary markets, which do not currently have a casino. The company held a sod turning ceremony on December 4, 2013 in Calgary. It anticipates that the REC project will be completed by the end of 2014.

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