The Financial Post reports in its Thursday, Nov. 23, edition that Cineplex has signed a deal to sell its Player One Amusement Group business to Opengate Capital for $155-million in cash. A Canadian Press dispatch to the Post reports that Player One Amusement Group sells, distributes, operates and services arcade games and other equipment. Cineplex chief executive officer Ellis Jacob says the company built the business being sold through several acquisitions and organic growth, to become a North American leader. The company says the sale unlocks value for Cineplex and its stakeholders and provides immediate liquidity for debt repayment. Under the deal, Player One Amusement Group has signed a long-term agreement to continue to supply and service games in Cineplex's theatres and location-based entertainment venues, including its Rec Room and Junxion venues. The transaction is expected to close in the first quarter of 2024 and is subject to regulatory approvals. In its latest quarterly financial results, Cineplex reported its long-term book value debt totalled $814.8-million as of Sept. 30, including about $267-million in convertible debentures.