COLORADO SPRINGS, Colorado,
April 3, 2020 /PRNewswire/ -- Century
Casinos, Inc. (Nasdaq Capital Market®: CNTY) ("Century Casinos" or
the "Company"), announced today that its Colorado subsidiaries received approval for three
Sports Betting Master Licenses ("Master Licenses"). The licenses
were awarded during a special meeting of the Colorado Limited
Gaming Control Commission (the "Commission") held on April 2, 2020. In addition, the Commission
awarded Circa Sports Colorado LLC, the Company's partner for one of
its Master Licenses, with a temporary Internet Sports Betting
Operator License.
The Commission is moving forward with licensing and will meet
the May 1, 2020 legislative launch
date deadline. Due to impact of the COVID-19 pandemic on the sports
betting industry, the Company is uncertain of the timeline that the
Circa | SportsTM mobile sports betting app will
launch.
The Company has two more Master Licenses available in
Colorado and is in active
negotiations with several potential sports betting partners.
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 Ltd.,
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 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 impact of the
current coronavirus (COVID-19) pandemic on the sports betting
industry; 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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