Century Casinos Completes Purchase of Additional 33% Ownership in Casinos Poland

Century Casinos Completes Purchase of Additional 33% Ownership in Casinos 
Poland 
COLORADO SPRINGS, Colo., April 9, 2013 /CNW/ - Century Casinos, Inc. (NASDAQ 
Capital Market® and Vienna Stock Exchange: CNTY) announced today that its 
subsidiary Century Casinos Europe GmbH signed the final share sale agreement 
with LOT Polish Airlines and closed on the transaction to purchase an 
additional 33.3% ownership interest in Casinos Poland Ltd ("CPL"). Century 
Casinos, Inc. now owns a 66.6% ownership interest in CPL. 
CPL is the owner and operator of eight casinos throughout Poland with a total 
of 317 slot machines and 77 gaming tables. As of the nine months ended 
September 30, 2012, CPL had a 43% share of the Polish casino market and is 
currently participating in other pending license applications. 
For the year ended December 31, 2012, CPL recorded net operating revenue of 
USD 44.0 million, EBITDA of USD 4.5 million and net income of USD 1.3 million 
(all based on average PLN to USD exchange rates for the same period). 
"We are very pleased with the closing of this transaction, which represents 
another milestone in our company's history by significantly increasing our 
scale and diversity. We expect this acquisition to be immediately accretive 
and are very excited about the growth potential it brings for our company," 
said Erwin Haitzmann and Peter Hoetzinger, Co Chief Executive Officers of 
Century Casinos. "The 'Casinos Poland' brand is exceptionally strong as 
demonstrated by a market share that consistently has been between 40% and 50% 
in recent years," they continued. 
As of today, Century Casinos, Inc. will begin consolidating CPL as a 
majority-owned subsidiary with a controlling financial interest. The Company 
will account for and report the 33.3% owned by CPL's co-shareholder, 
State-owned Polish Airports, as a non-controlling financial interest. 
Consolidation of CPL will increase the Company's overall net operating revenue 
and operating costs and expense; the Company previously reported its interest 
in CPL under the equity method. 
The purchase price of the investment was approximately $6.8 million, financed 
with borrowings under the Company's Bank of Montreal Credit Agreement. 
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 66.6% 
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, statements regarding Casinos Poland Ltd., future 
results of operations, operating efficiencies, synergies and operational 
performance, 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, 2012. 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. 
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CO: Century Casinos, Inc.
ST: Colorado
NI: ENT CNO MNA  
-0- Apr/09/2013 09:31 GMT
 
 
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