Reopened casinos represent over two-thirds of the Company's
revenue
COLORADO SPRINGS, Colo.,
June 5, 2020 /PRNewswire/
-- Century Casinos, Inc. (Nasdaq Capital MarketĀ®: CNTY)
announced today that operations at its Mountaineer Casino,
Racetrack and Resort resumed on June 5,
2020.
Thoroughbred horse racing at Mountaineer's renowned racetrack
already resumed on May 31, 2020 with
record breaking betting handle. Mountaineer has also reopened its
popular hotel along with the casino and F&B offerings on
June 5, 2020.
Prior to reopening, Mountaineer implemented comprehensive and
state-specific safety and social distancing protocols as directed
by the West Virginia Lottery. Details about these measures are
available in the Covid-19 section of the property's website.
"Mountaineer together with our already reopened casinos in
Missouri and Poland represents over two-thirds of our
Company's revenue before the temporary closures," Erwin Haitzmann
and Peter Hoetzinger, Co-Chief Executive Officers of Century
Casinos remarked. "Initial business volumes in Missouri and Poland are encouraging," they concluded.
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
MarketĀ® 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, and plans for our casinos and our Company.
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, in Item 8.1 in our Current Report on Form 8-K filed on
May 8, 2020, 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.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/century-casinos-successfully-reopened-its-mountaineer-casino-racetrack-and-resort-in-west-virginia-301071329.html
SOURCE Century Casinos, Inc.