COLORADO SPRINGS, Colorado,
May 19, 2020 /PRNewswire/ -- Century
Casinos, Inc. (Nasdaq Capital Market®: CNTY) ("Century Casinos" or
the "Company"), announced today that it has finalized an agreement
with bet365 to become the company's second internet sports betting
operator partner in Colorado. The
Company, through a subsidiary, has already obtained its master
license with the State of
Colorado. bet365 will complete the necessary application and
approval process with the State of
Colorado. They will operate an internet and mobile sports
betting application under the bet365 brand.
The online sportsbook operations agreement with bet365 is a
10-year agreement that includes a minimum annual revenue guarantee
and a percentage share of net gaming revenue payable to the Company
each year, with an advance fee being paid on contract signing.
The Company has one more master license available for an
internet sports betting partnership in Colorado.
About bet365:
bet365 is the world's largest online sportsbetting company with
annual sportsbook revenues of almost $4
billion and over 4,600 employees. bet365 offers the
industry's widest range of 'in-play' sports betting events with
around 75 sports covered and over 190,000 events being live video
streamed annually on the bet365 sites, offering customers the
ability to watch those sports events whilst betting. The
bet365 brand is licensed and regulated in multiple jurisdictions
including New Jersey, Great Britain, Denmark, Spain, Italy,
Ireland, Sweden, Greece, Cyprus, Malta, Gibraltar and Australia and has multiple other license
applications pending or in process. bet365 has extensive experience
at working with local licensing, regulatory and reporting
requirements and pays substantial duties and license fees in each
of those jurisdictions. bet365 is recognized as an industry leader
and has been the winner of many industry awards including the
eGamingReview Operator of the Year and Sportsbetting Operator of
the Year, and is currently rated #1 in the eGR Power 50' as a
result of its reputation and influence within the industry.
About Century Casinos, Inc.:
Century Casinos, Inc. is a casino entertainment company. The
Company owns and operates Century Casino & Hotels in
Cripple Creek and Central City, Colorado, and in Edmonton, Alberta, Canada; the Century Casino
in Cape Girardeau and Caruthersville, Missouri, in Calgary and St.
Albert, Alberta, Canada; Mountaineer Casino, Racetrack &
Resort in New Cumberland, West
Virginia; the Century Mile Racetrack and Casino ("CMR") in
Edmonton, Alberta, Canada; and
Century Bets! Inc. ("CBS"). CBS and CMR operate the pari-mutuel
off-track horse betting networks in southern and northern
Alberta, respectively. Through its
Austrian subsidiary, CRM, the Company holds a 66.6% ownership
interest in Casinos Poland Ltd., the owner and operator of eight
casinos throughout Poland; and a
75% ownership interest in Century Downs Racetrack and Casino in
Calgary, Alberta, Canada. The
Company operates one ship-based casino. 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 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 certain "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.
Forward-looking statements may be identified by words such as
"expect," "anticipate," "believe," "intend," "estimate," "plan,"
"target," "goal," or similar expressions, or future or conditional
verbs such as "will," "may," "might," "should," "would," "could,"
or similar variations. 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 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. While there
is no assurance that any list of risks and
uncertainties or risk factors is
complete, below are certain
factors which could cause actual results to differ
materially from those contained or implied in
the forward-looking statements
including: risks related to the sports betting
business; the timing for commencement of the sports betting
business; the possibility that the anticipated operating
results and other benefits of the sports betting business
are not realized when expected or at all; local risks
including proximate competition, potential competition
and legislative and regulatory risks; and other
risks described in the section entitled "Risk
Factors" under Item 1A in the
Company's Annual Report on Form 10-K for the
year ended December 31, 2019 and in
subsequent periodic and current SEC filings the Company 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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