COLORADO SPRINGS, Colo.,
Dec. 28, 2020 /PRNewswire/
-- Century Casinos, Inc. (Nasdaq Capital Market®: CNTY)
("Century Casinos" or the "Company") announced today that it will
temporarily close its Polish casinos at 11:59 p.m. on Monday, December 28, 2020 through Monday, January 18, 2021 to comply with
quarantines issued by the Polish government to contain the spread
of COVID-19.
The Poland operating segment
contributed 4% of the Company's Adjusted EBITDA for the three
months ended September 30, 2020.
The COVID-19 situation continues to evolve rapidly, and it
currently appears that due to the pandemic's current scope it will
adversely impact the Company at least through the first half of
2021.
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, and in 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, Century Resorts Management GmbH
("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
four 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, in Item 8.01 of our Form 8-K
filed with the Securities and Exchange Commission ("SEC") on
May 8, 2020, in our Quarterly Report
on Form 10-Q for the quarter ended June 30,
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.
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