CNTY Century Casinos Inc

Johannesburg Casino License Update CRIPPLE CREEK, Colo., Dec. 3 /PRNewswire-FirstCall/ -- Century Casinos, Inc. today announced that Silverstar Development Limited ("Silverstar") informed the Company that the Gauteng Gambling Board ("GGB") today served notice of motion to petition the South African Supreme Court of Appeal that a further appeal against the judgment of Mr. Justice Mynhardt of the Pretoria High Court be heard. As reported previously, the GGB's application for leave to appeal the October 20, 2003 judgment ordering the award of the casino license to Silverstar has been denied by Mr. Justice Mynhardt of the Pretoria High Court on November 11, 2003. Silverstar further informed the Company that, in its opinion, the GGB introduced nothing new of note and the GGB appears to rely on the arguments put forward in their first application for leave to appeal. Silverstar will file its corresponding affidavit shortly and is advised that an outcome of the petition might be known within three months from filing of all documents. Through its South African subsidiaries, Century is contracted to Silverstar by a resort management agreement and retains a right of long standing to take up a minority equity interest in the venture although it's final level of equity interest remains to be determined. About Century Casinos, Inc: Century Casinos is an international casino company that owns and operates Womacks Casino and Hotel in Cripple Creek, Colorado; owns and operates The Caledon Casino, Hotel & Spa near Cape Town, South Africa; operates the casinos aboard the ultra-luxury vessels of Silversea Cruises, The World of ResidenSea, and Oceania Cruises; and owns 10% of, and manages the Millennium Casino in the Marriott Hotel in Prague, Czech Republic. The Company continues to pursue other international projects in various stages of development. The address for the U.S. offices is 157 E. Warren Ave. (P.O. Box 1006), Cripple Creek, CO, 80813. Telephone: (719) 689-9100. Fax: (719) 689-5782. E-Mail: . For more information about Century Casinos, visit the Company's web site at http://www.centurycasinos.com/. Century Casinos' common stock trades on The NASDAQ Stock Market(R) under the symbol CNTY. This release may contain forward-looking statements that involve risks and uncertainties. Among the other important factors which could cause actual results to differ materially from those in the forward-looking statements are economic, competitive, and governmental factors affecting the company's operations, markets, services and prices, as well as other factors detailed in the Company's filings with the Securities and Exchange Commission, including its recent filings on Forms 10-K, 10-Q, and 8K. 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. http://www.newscom.com/cgi-bin/prnh/20020328/LATH096LOGO http://photoarchive.ap.org/ DATASOURCE: Century Casinos, Inc. CONTACT: Larry Hannappel of Century Casinos, Inc., +1-719-689-9100, Web site: http://www.centurycasinos.com/

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