Wednesday, 01 April 2015 10:00

Press Release (Century Casinos Inc.)

Written by Peter Hoetzinger, Co CEO & President
Rate this item
(0 votes)
Press Release (Century Casinos Inc.) Century Casino Calgary

Century Casinos Announces the Opening of the Casino at Century Downs Racetrack and Casino in Calgary, Canada

Colorado Springs, Colorado – Century Casinos, Inc. (NASDAQ Capital Market®: CNTY) announced the opening of the casino at Century Downs Racetrack and Casino.

At 10:00 a.m. MST the doors opened for the first time to awaiting crowds. The public was welcomed in by Century’s staff and were invited to explore the brand new casino, which features 550 gaming machines and electronic gaming tables, an off-track betting room, a restaurant and lounge area as well as meeting and event space.

With the casino open, Century is now preparing for the first weekend of harness racing, which is scheduled to start April 25, 2015 at 2:00 p.m.

Century Downs Racetrack and Casino is 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 centre, a major regional attraction, and has the potential to capture both the north and the northwest Calgary markets, which do not currently have a casino.

 

About Century Casinos, Inc.:

Century Casinos, Inc. is an international casino entertainment company that operates 30 casinos worldwide. The Company 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. Through its Austrian subsidiary, Century Casinos Europe GmbH (“CCE”), the Company holds a 66.6% ownership interest in Casinos Poland Ltd., the owner and operator of nine casinos in Poland. The Company also owns 75% of United Horsemen of Alberta doing business as Century Downs Racetrack and Casino in the north metropolitan area of Calgary, Alberta, Canada, which includes a horse race track and gaming, restaurant and entertainment facilities. The Company also operates casinos aboard 15 luxury cruise vessels (Regatta, Nautica, Insignia, Marina, Riviera, Mein Schiff 1, Mein Schiff 2, Mein Schiff 3, Wind Surf, Wind Star, Wind Spirit, Star Pride, Seven Seas Voyager, Seven Seas Mariner, and Seven Seas Navigator) and the casino on the cruise ferry Nova Star. The concession agreements for the casinos aboard the Oceania Cruises ships (Regatta, Nautica, Insignia, Marina and Riviera) and Seven Seas Cruises ships (Seven Seas Voyager, Seven Seas Mariner and Seven Seas Navigator) will end effective June 1, 2015. The Company manages the operations of the casino at the Radisson Aruba Resort, Casino & Spa in Aruba, Caribbean. The Company, through CCE, also owns a 7.5% interest in, and provides consulting services to, Mendoza Central Entretenimientos S.A., a company that provides gaming-related services to Mendoza Casino in Mendoza, Argentina. The Company, through CCE, also owns a 75% interest in Century Bets! Inc., which is expected to begin operating a pari-mutuel off-track betting network in Southern Alberta, Canada, in the second quarter of 2015. The Company 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® under the symbol CNTY.

This release may contain “forward-looking statements” within the meaning of Section 27A of the Securities 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 future results of operations, operating efficiencies, synergies and operational performance, development of and the prospects for the Century Downs Racetrack and Casino project, debt repayment, investments in joint ventures, outcomes of legal proceedings 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, 2014. 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.

Read 1382 times Last modified on Tuesday, 31 March 2015 13:44