COLORADO SPRINGS, Colo., June 10, 2013 /CNW/ - Century Casinos, Inc. (NASDAQ
Capital Market® and Vienna Stock Exchange: CNTY) announced today that the
company applied for a Casino license at Hotel InterContinental in Vienna,
As one of at least four companies applying for the license, Century Casinos is
managing a consortium of Austrian individuals, entrepreneurs and investors. A
26% share in and a management agreement with the newly established "Century
Betriebs AG" makes Century the leader of the group. A decision to grant the
15-year license is expected in Q4 of this year. There is no assurance that the
company will be granted the concession by the Austrian Minister of Finance.
The company expects "Century Betriebs AG" to invest approx. $18 million if the
casino concession will be granted. The casino would be developed in an elegant
retro 1960's style at the 450-room Hotel InterContinental, Vienna and target
domestic and international tourists, business travellers, congress and
convention guests as well as affluent domestic and European casino visitors.
After a nine months construction period, the casino would offer approx. 300
slot machines and 25 gaming tables on a 16,000 square feet gaming floor. Hotel
InterContinental is located in the city center of Vienna, within walking
distance to famous places of interest and other luxurious hotels.
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 nine 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, pending license applications in Austria, 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, or +43 664 355 3935,
SOURCE: Century Casinos, Inc.
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-0- Jun/10/2013 08:01 GMT
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