Century Casino is to pay $10.65m to purchase Silver Dollar casino in Calgary, Canada.

The company has agreed to acquire 100 per cent of the outstanding common stock of Frank Sisson’s Silver Dollar and 100 per cent of the stock of EGC Properties, the owner and operator of Silver Dollar casino.

The Silver Dollar is a 93,000sq.ft property offering 504 slot machines, 16 table games, 15 lottery terminals, two restaurants, a lounge, a 5,000sq.ft showroom, an 18,000sq.ft convention centre and a 38-lane bowling alley.

On April 15, 2009, Evergreen Gaming Corporation, the company that acquired the Silver Dollar in 2007, filed for protection from creditors under the Companies’ Creditors Arrangement Act in Vancouver. On June 24, 2009, a receiver was appointed by the courts to manage the assets of FSSD and EGC.

Century Casinos already owns and operates a casino in Alberta, Canada, namely the Century Casino and Hotel in Edmonton.

"We’re excited about expanding in Alberta, Canada, by entering the Calgary gaming market with the addition of the Silver Dollar to Century’s portfolio of casino hotels," said the company’s co-CEOs, Erwin Haitzmann and Peter Hoetzinger.

"Once we have made certain improvements at the property and refined its market position, we believe the Silver Dollar has the potential to substantially contribute to our overall performance."