Century Casinos Announces Racing Entertainment Centre and Race Track Project in Calgary, Alberta, Canada

Century Casinos Announces Racing Entertainment Centre and Race Track Project 
in Calgary, Alberta, Canada 
COLORADO SPRINGS, Colo., Dec. 3, 2012 /CNW/ - Century Casinos, Inc. (NASDAQ 
Capital Market® and Vienna Stock Exchange: CNTY) announced today that its 
subsidiary Century Casinos Europe GmbH ("CCE") signed credit and management 
agreements with United Horsemen of Alberta Inc. ("UHA") in connection with the 
development of a proposed race track and entertainment center in Balzac, north 
metropolitan area of Calgary, Alberta, Canada. 
The proposed project would be the only horse race track in the Calgary area 
and would consist of a 5.5 furlongs (0.7 miles) race track and a Racing 
Entertainment Centre, including a gaming floor proposing 625 gaming machines, 
a bar, a lounge, restaurant facilities, an off-track-betting area and an 
entertainment area. This Racing Entertainment Centre license is the only 
license still available in any metropolitan area of Alberta. This particular 
license application pre-dates the AGLC recently approved three-year moratorium 
on new Casinos and Racing Entertainment Centers, with an option to extend the 
moratorium for an additional two years. 
CCE has agreed to loan to UHA up to CAD 13 million (approximately USD 13 
million based on the exchange rate in effect on December 3, 2012) for the 
exclusive use of developing the proposed project. The loan has an interest 
rate of LIBOR plus 800 bps, a term of five years and is convertible by CCE 
into a 60% ownership position in UHA. The Company intends to provide the loan 
to UHA with borrowings under the Company's Bank of Montreal Credit Agreement. 
Once the project is developed and operational and for as long as CCE has not 
converted the loan into a majority ownership position in UHA, CCE will receive 
60% of UHA's net profit before tax as a management fee. 
Both the credit and management agreements are subject to development approvals 
and licensing from the AGLC. UHA and CCE have submitted the relevant 
applications already, but there is no assurance that the needed approvals will 
be obtained or as to the timing of such approvals. Horse Racing Alberta, the 
governing authority for horse racing in Alberta, has already approved the 
project and issued a license. 
The proposed project would be located less than one mile north of the city 
limits of Calgary and 4.5 miles from the Calgary International Airport. The 
location is ideally positioned exiting off the Queen Elizabeth II Highway, 
which is the main corridor between Calgary and Edmonton and one of the most 
heavily used highways in Western Canada, next to the CrossIron Mills shopping 
mall, a major regional attraction, and would capture both the north and the 
northwest Calgary markets, which do not currently have a casino. The Company 
anticipates that the race track and entertainment center would be completed 12 
to 18 months following completion of the approval process. 
About Century Casinos, Inc.: Century Casinos, Inc. is an international casino 
entertainment company that owns and operates Century Casino & Hotels in 
Cripple Creek and Central City, Colorado, and in Edmonton, Alberta, Canada and 
the Century Casino in Calgary, Alberta, Canada. The Company also operates 
casinos aboard twelve luxury cruise vessels (Regatta, Nautica, Marina, 
Riviera, Mein Schiff 1, Mein Schiff 2, Wind Surf, Wind Star, Wind Spirit, 
Seven Seas Voyager, Seven Seas Mariner and Seven Seas Navigator). Through its 
Austrian subsidiary, Century Casinos Europe GmbH, the Company holds a 33.3% 
ownership interest in Casinos Poland Ltd., the owner and operator of eight 
casinos in Poland. The Company also manages the operations of the casino at 
the Radisson Aruba Resort, Casino & Spa in Aruba, Caribbean. Century Casinos, 
Inc. continues to pursue other international projects in various stages of 
development. 
For more information about Century Casinos, visit our website at 
www.centurycasinos.com. Century Casinos' common stock trades on The NASDAQ 
Capital Market® and the Vienna Stock Exchange under the symbol CNTY. 
This release may contain "forward-looking statements" within the meaning of 
Section 27A of the Security Act of 1933, as amended, Section 21E of the 
Securities Exchange Act of 1934, as amended, and the Private Securities 
Litigation Reform Act of 1995. These statements are based on the beliefs and 
assumptions of the management of Century Casinos based on information 
currently available to management. Such forward-looking statements include, 
but are not limited to, future results of operations, operating efficiencies, 
synergies and operational performance, economic improvements in 2012 and plans 
for our casinos and our Company. Such forward-looking statements are subject 
to risks, uncertainties and other factors that could cause actual results to 
differ materially from future results expressed or implied by such 
forward-looking statements. Important factors that could cause actual results 
to differ materially from the forward-looking statements include, among 
others, the risks described in the section entitled "Risk Factors" under Item 
1A in our Annual Report on Form 10-K for the year ended December 31, 2011. 
Century Casinos disclaims any obligation to revise or update any 
forward-looking statement that may be made from time to time by it or on its 
behalf. 
Peter Hoetzinger, Co CEO & President, +1-719-689-5813, +43 664 355 3935, 
peter.hoetzinger@cnty.com 
http://www.centurycasinos.com 
SOURCE: Century Casinos, Inc. 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/December2012/03/c5544.html 
CO: Century Casinos, Inc.
ST: Alberta
NI: LEI ENT CNO LEI NP  
-0- Dec/03/2012 14:30 GMT
 
 
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