VICI Properties Inc. VICI announced last month that it has entered into definitive agreements to acquire the real estate assets of Century Casino & Hotel Edmonton, Century Casino St. Albert and Century Mile Racetrack and Casino, each in Edmonton, Alberta and Century Downs Racetrack and Casino in Calgary, Alberta, (collectively the "Century Canadian Portfolio") from Century Casinos, Inc. for an aggregate purchase price of C$221.7 million ( US$164.7 million ) in cash. Simultaneous with the closing of the transaction, the Century Canadian Portfolio will be added to the existing triple-net master lease agreement between VICI Properties and Century (the "Century Master Lease") and annual rent will increase by C$17.3 million ( US$12.8 million ) representing an implied acquisition capitalization rate of 7.8%. The property-level rent coverage ratio under the Century Master Lease, adjusted for the pending acquisition of Rocky Gap Casino Resort and the Century Canadian Portfolio, is expected to be approximately 2.0x.