COLORADO SPRINGS, Colorado, April 1, 2019 /PRNewswire/
-- Century Casinos, Inc. (Nasdaq Capital Market®: CNTY) announced the opening of its racing entertainment centre at Century
Mile Racetrack and Casino in South Edmonton, Alberta, Canada.
At 9:30 a.m. MDT the doors opened for the first time and the public was invited by Century's
staff to explore the brand new casino featuring 550 slot machines and electronic table games, 14 video lottery terminals, an
innovative REPLAY gaming stadium with 28 unique play stations and an interactive digital wall display, an off-track betting room,
a restaurant and a lounge area.
With the racing entertainment centre open, Century is now preparing for the first weekend of Thoroughbred racing on the
one-mile racetrack, which is scheduled for April 28, 2019.
Century Mile Racetrack and Casino is the Company's latest development, located on Edmonton
International Airport land and close to the city of Leduc, south of Edmonton. 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. It is close to the airport, a shopping mall, retail
outlets, hotels, a golf course and an abundance of other businesses. The Company is investing approximately $46.6 million USD, based on the exchange rate in effect as of February 26,
2019, in the development.
About Century Casinos, Inc.:
Century Casinos, Inc. is an international casino entertainment company that operates worldwide. The Company owns and
operates Century Casino & Hotels in Cripple Creek and Central
City, Colorado, in Edmonton, Alberta, Canada; and the Century Casino in Calgary and St. Albert, Alberta, Canada and in Bath, England, further the Century Mile Racetrack and Casino which operates in the south metropolitan area
of Edmonton, Alberta, Canada. Through its Austrian subsidiary, Century Resorts Management GmbH
("CRM"), formerly Century Casinos Europe GmbH, the Company holds a 66.6% ownership interest in Casinos Poland Ltd., the owner of
eight casino licenses throughout Poland, seven of which are operating. The Company, through CRM,
also holds a 75% ownership interests in Century Downs Racetrack and Casino, which operates in the north metropolitan area of
Calgary, Alberta, Canada; a 75% ownership interest in Century Bets!; and a 51% ownership
interest in Golden Hospitality Ltd., a company that manages a hotel and entertainment and gaming club in Vietnam. Century Bets! and Century Mile operate the pari-mutuel off-track horse betting network in southern
and northern Alberta, Canada respectively. The Company operates 10 ship-based casinos under
agreements with three cruise ship owners. The Company, through CRM, 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 Casino de Mendoza in
Mendoza, Argentina. The Company continues to pursue other international projects in various
stages of development.
Century Casinos' common stock trades on The Nasdaq Capital Market® under the symbol CNTY. For more information about Century
Casinos, visit our website at www.cnty.com.
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, the prospects for and timing and costs of
new projects, projects in development and other opportunities, including the Century Mile, Bermuda and Vietnam projects, debt repayment, investments in joint
ventures, outcomes of legal proceedings, changes in our tax provisions or exposure to additional income tax liabilities, 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, 2018 and in subsequent periodic and current SEC filings we may make. 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.
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