COLORADO SPRINGS, Colorado,
March 18, 2020 /PRNewswire/
-- Century Casinos, Inc. (Nasdaq Capital Market®: CNTY)
("Century Casinos" or the "Company") announced today that it
temporarily closed its Canadian, West
Virginia and Missouri
casinos on Tuesday, March 17, 2020 to
comply with quarantines issued by governments in each jurisdiction
to contain the spread of COVID-19. These closures follow the
closures of the Company's Polish and Colorado casinos per government directives in
those jurisdictions.
The Company also closed Century Casino Bath on March 17, 2020 to contain the spread of COVID-19.
The casino will remain closed indefinitely while the Company
continues to evaluate its options for this property, which could
include permanent closure or a sale or other disposition.
The COVID-19 situation continues to evolve rapidly, and it
currently appears that, due to the pandemic's scope and likely
duration in the Company's markets, it will adversely impact the
Company at least through the first half of 2020.
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 and in Bath, England; 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, Century Resorts Management GmbH ("CRM"), the
Company holds a 66.6% ownership interest in Casinos Poland Sp. z
o.o., the operator of eight casinos throughout Poland; and a 75% ownership interest in
Century Downs Racetrack and Casino in Calgary, Alberta, Canada. The Company operates
five ship-based casinos. 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 "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, including the impact of the current coronavirus
(COVID-19) pandemic on its reporting and operating segments and the
Company overall. 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, 2019 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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