Century Casinos, Inc. (Nasdaq and Vienna Stock Exchange: CNTY) reported today that the Company opened the doors to its new Century Casino & Hotel in Edmonton, Alberta, Canada, with a VIP opening gala on Friday, November 17, 2006.
The new Century Casino & Hotel in Edmonton opened the 35,000 square feet of gaming floor with 31 gaming tables and 588 slot machines, as well as two bars, two restaurants and a show lounge. An additional 12 slot machines, one bar, one restaurant, a dinner theater and the hotel with 26 rooms will be operational before the Christmas season.
Alberta Gaming Minister Gordon Grayon and the Managing Director of the resort, Geoff Smith, welcomed the invited guests, followed by the cutting of the red ribbon by Century Casinos Co CEOs Erwin Haitzmann and Peter Hoetzinger.
The opening day also featured a charity event for the benefit of the Edmonton Food Bank, a non-profit organization dedicated to the collection of surplus and donated food for the effective distribution, free of charge, to people in need in the community. Furthermore, the opening program included performances of a Chinese Dragon Dance group and the show All the Rage in Dallas at the Casinos Mingles show stage.
On its first weekend of operation, the Casino generated an average win/slot/day of Can$520 (ca. US$450), an average win/table/day of Can$1,400 (ca. US$1,220) and an average food & beverage revenue per day of Can$22,900 (ca. US$20,000).
The grand opening festivities for the general public will be held this coming weekend, starting with a gala on Friday that includes the Canadian Classic Rockband PRISM live in concert, free non-alcoholic beverages and complimentary restaurant selections as well as a dinner theatre tickets give- away and cash drawings. The local radio station CISN 103.9 will be broadcasting live from the casino from 5:00 pm to 8:00 pm.
"We are very pleased with the successful opening and the results of the first weekend of operations and are looking forward to our next big event, the grand opening of our new casino facility for the Century Casino Newcastle, formerly Monte Vista Casino & Conference Center, in Newcastle, South Africa, on December 2, 2006," said Co CEOs Erwin Haitzmann and Peter Hoetzinger in a joint statement.
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About Century Casinos, Inc.:
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Century Casinos, Inc. is an international casino entertainment company that owns and operates Womacks Casino and Hotel in Cripple Creek, Colorado; Canada; owns and operates the Century Casino Millennium in the Marriott Hotel in Prague, Czech Republic; operates the casinos aboard the Silver Wind, Silver Cloud, The World of ResidenSea, and the vessels of Oceania Cruises; owns a 65% interest in, and has a management contract for, the Century Casino & Hotel in Central City, Colorado. Through its subsidiary Century Resorts Alberta Inc., it owns and operates Century Casino & Hotel in Edmonton, Alberta. Through its subsidiary Century Casinos Africa (Pty) Limited, it owns and operates The Caledon Hotel, Spa & Casino near Cape Town, South Africa as well as 60% of, and provides technical casino services to, the Century Casino Newcastle, in Newcastle, South Africa. Furthermore, the Company's Austrian subsidiary, Century Casinos Europe GmbH, entered into an agreement to acquire a 33.3% ownership interest in Casinos Poland Ltd. The closing of this transaction is subject to due diligence. The Company continues to pursue other international projects in various stages of development.
For more information about Century Casinos, visit our website at http://www.centurycasinos.com. Century Casinos' common stock trades on The NASDAQ Capital Market(R) and the Vienna Stock Exchange under the symbol CNTY.
This release may contain forward-looking statements that involve risks and uncertainties. Among the other important factors which could cause actual results to differ materially from those in the forward-looking statements are economic, competitive, and governmental factors affecting the Company's operations, markets, services and prices, as well as other factors detailed in the Company's filings with the Securities and Exchange Commission, including its recent filings on Forms 10-K, 10-Q, and 8-K. 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.
For further information: Peter Hoetzinger, Co CEO & President, +1-719-689-5813, +43-664-355-3935, peter.hoetzinger@cnty.com, or Larry Hannappel, Senior Vice President, +1-719-229-6448, larry.hannappel@cnty.com, both of Century Casinos, Inc. Web Site: http://www.centurycasinos.com
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