Century Casinos Reports Successful Opening of New Edmonton Casino
November 21 2006 - 6:00AM
PR Newswire (US)
COLORADO SPRINGS, Colo., Nov. 21 /PRNewswire-FirstCall/ -- Century
Casinos, Inc. (Nasdaq and Vienna Stock Exchange: CNTY) reported
today that the Company opened the doors to its new Century Casino
& Hotel in Edmonton, Alberta, Canada, with a VIP opening gala
on Friday, November 17, 2006. The new Century Casino & Hotel in
Edmonton opened the 35,000 square feet of gaming floor with 31
gaming tables and 588 slot machines, as well as two bars, two
restaurants and a show lounge. An additional 12 slot machines, one
bar, one restaurant, a dinner theater and the hotel with 26 rooms
will be operational before the Christmas season. Alberta Gaming
Minister Gordon Grayon and the Managing Director of the resort,
Geoff Smith, welcomed the invited guests, followed by the cutting
of the red ribbon by Century Casinos Co CEOs Erwin Haitzmann and
Peter Hoetzinger. The opening day also featured a charity event for
the benefit of the Edmonton Food Bank, a non-profit organization
dedicated to the collection of surplus and donated food for the
effective distribution, free of charge, to people in need in the
community. Furthermore, the opening program included performances
of a Chinese Dragon Dance group and the show All the Rage in Dallas
at the Casinos Mingles show stage. On its first weekend of
operation, the Casino generated an average win/slot/day of Can$520
(ca. US$450), an average win/table/day of Can$1,400 (ca. US$1,220)
and an average food & beverage revenue per day of Can$22,900
(ca. US$20,000). The grand opening festivities for the general
public will be held this coming weekend, starting with a gala on
Friday that includes the Canadian Classic Rockband PRISM live in
concert, free non-alcoholic beverages and complimentary restaurant
selections as well as a dinner theatre tickets give- away and cash
drawings. The local radio station CISN 103.9 will be broadcasting
live from the casino from 5:00 pm to 8:00 pm. "We are very pleased
with the successful opening and the results of the first weekend of
operations and are looking forward to our next big event, the grand
opening of our new casino facility for the Century Casino
Newcastle, formerly Monte Vista Casino & Conference Center, in
Newcastle, South Africa, on December 2, 2006," said Co CEOs Erwin
Haitzmann and Peter Hoetzinger in a joint statement. About Century
Casinos, Inc.: Century Casinos, Inc. is an international casino
entertainment company that owns and operates Womacks Casino and
Hotel in Cripple Creek, Colorado; Canada; owns and operates the
Century Casino Millennium in the Marriott Hotel in Prague, Czech
Republic; operates the casinos aboard the Silver Wind, Silver
Cloud, The World of ResidenSea, and the vessels of Oceania Cruises;
owns a 65% interest in, and has a management contract for, the
Century Casino & Hotel in Central City, Colorado. Through its
subsidiary Century Resorts Alberta Inc., it owns and operates
Century Casino & Hotel in Edmonton, Alberta. Through its
subsidiary Century Casinos Africa (Pty) Limited, it owns and
operates The Caledon Hotel, Spa & Casino near Cape Town, South
Africa as well as 60% of, and provides technical casino services
to, the Century Casino Newcastle, in Newcastle, South Africa.
Furthermore, the Company's Austrian subsidiary, Century Casinos
Europe GmbH, entered into an agreement to acquire a 33.3% ownership
interest in Casinos Poland Ltd. The closing of this transaction is
subject to due diligence. The Company continues to pursue other
international projects in various stages of development. For more
information about Century Casinos, visit our website at
http://www.centurycasinos.com/. Century Casinos' common stock
trades on The NASDAQ Capital Market(R) and the Vienna Stock
Exchange 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 8-K. 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. DATASOURCE: Century
Casinos, Inc. CONTACT: Peter Hoetzinger, Co CEO & President,
+1-719-689-5813, +43-664-355-3935, , or Larry Hannappel, Senior
Vice President, +1-719-229-6448, , both of Century Casinos, Inc.
Web site: http://www.centurycasinos.com/
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