COLORADO SPRINGS, Colorado -- Century Casinos, Inc. (Nasdaq: CNTY) announced today that the company has acquired the remaining 50% of all issued and outstanding shares of Casino Millennium a.s. ("CM"),
Casino Millennium' s casino floor in Prague
Prague, Czech Republic, that were owned by Strabag AG, a non-affiliated Austrian company. The transaction has been closed on April 13, 2006.
The total consideration paid was $680,000, including the buyout of a security deposit for the casino license in the amount of CZK 10 million (approx. $425,000) which belongs to CM, the takeover of loans previously granted to CM by Strabag and the purchase price for the 50% equity interest.
Since its opening in 1999, Casino Millennium, located in the 600 room Marriott and Renaissance hotel, office and shopping complex, has established its position as the premium casino in the heart of Prague with high standards of customer service and hospitality.
About Century Casinos, Inc:
Century Casinos is an international casino entertainment company that owns and operates Womacks Casino and Hotel in Cripple Creek, Colorado; owns and operates The Caledon Hotel, Spa & Casino near Cape Town, South Africa; owns and operates the Casino Millennium in the Marriott Hotel in Prague, Czech Republic; owns 60% of, and provides technical casino services to the Monte Vista Casino & Conference Center, Newcastle, South Africa; operates the casinos aboard the Silver Wind, Silver Cloud, Silver Whisper, The World of ResidenSea, and the vessels of Oceania Cruises; and owns and has begun construction on, a casino and hotel development in Edmonton, Canada; and owns a majority interest in, and has begun construction on a casino and hotel development in Central City, Colorado. The Company continues to pursue other international projects in various stages of development.
Century Casinos' common stock trades on The NASDAQ Capital Market and the Vienna Stock Exchange under the symbol CNTY.
1263 A Lake Plaza Drive
Colorado Springs, CO 80906
Phone: (719) 527-8300
Fax: (719) 527-8301
|Century Casinos is an international casino company led by a team of gaming industry professionals who have developed and operated more than 100 casinos in 20 different countries.|