International casino entertainment company, Century Casinos Inc. announced Thursday that it had signed an agreement to purchase the St. Albert’s Apex Casino located in the city of St. Albert in Alberta, Canada, which is considered to be among the top five areas in the country to live.

The 20-year-old operation, which was formerly the McPherson Casino and the Gold Dust Casino, was purchased for $27.9 million. In addition to the 34,500-square-foot casino’s 382 slot machines and other facilities, there are 11 gaming tables, a banquet hall, and a restaurant.

Century’s Alberta branch managing director, Geoff Smith, told the St. Albert Gazette that earlier this year the discussions regarding the purchase began. He said that the operation has been run well and since 1994 has been solid in the market and gives presence to Century in the northwest part of Edmonton. In addition, the casino is ideally situated next to the Anthony Henday, which is almost complete and will be the country’s first free-flowing orbital road.

Smith told the news outlet, “We believe we’ll be able to get some good synergies of operations and marketing efforts between our two Edmonton-area locations.” He said that upon approval of the deal, the casino would likely undergo renovations and be renamed to “Century Casino.” He said that the after the sale, the casino’s current staff, which Century recognizes for the wisdom and customer service it provides, would be retained.

The international gaming conglomerate, which owns casinos in Calgary and Edmonton, and along with Canada, has holdings in Poland, the Caribbean, and the U.S.

Meanwhile, last month the City of North Vancouver decided to take the B.C. Lottery Corporation (BCLC) up on its offer of hosting a new North Shore casino in their community.