Catalyst's Gateway Casinos in talks for $500 mln sale-leaseback deal: Reuters
Canadian gaming company Gateway Casinos & Entertainment Ltd is in talks with Asia and North America investors for a sale-lease-back agreement for up to three Vancouver properties worth over $500 million (US$378 million), top company executives told Reuters. The Burnaby, British Columbia-based company expects to sign a deal by the third quarter of 2017, Gateway Executive Chairman Gabriel de Alba said in an interview last week, without disclosing the names of the interested parties. Gateway Casinos was bought in 2010 by Toronto-based private equity firm Catalyst Capital Group, which restructured the company, reduced its debt by about $1 billion, and injected $200 million in new capital.
14 June 2017•2 mins read
