Century Casinos Announces Contract Extension with Regent Seven Seas Cruises and Introduction of Fleet-Wide Jackpot System on board Regent Seven Seas Cruises and Oceania Cruises Vessels
COLORADO SPRINGS, Colo., Feb. 26, 2014 /CNW/ - Century Casinos, Inc. (NASDAQ Capital Market® and Vienna Stock Exchange: CNTY) announced today that the company and Regent Seven Seas Cruises signed an amendment to the casino concession agreement extending casino operations on board the Mariner, Navigator and Voyager through December 31, 2016. Thereafter, best efforts will be exercised to further extend the agreement for additional renewal terms.
Century Casinos also announces the introduction of a fleet-wide progressive jackpot on board of all eight vessels of Regent Seven Seas Cruises and Oceania Cruises throughout 2014. Progressive slot machines on each vessel will be linked via secure Internet connection with the jackpot controller, allowing passengers on all eight vessels to play for the same progressive jackpot. The company believes this is the first such fleet-wide progressive jackpot in the upper premium cruise industry and it will add excitement and fun to the overall casino experience.
About Century Casinos, Inc.:
Century Casinos, Inc. is an international casino entertainment company that owns and operates Century Casino & Hotels in Cripple Creek and Central City, Colorado, and in Edmonton, Alberta, Canada and the Century Casino in Calgary, Alberta, Canada. The Company also operates casinos aboard twelve luxury cruise vessels (Regatta, Nautica, Marina, Riviera, Mein Schiff 1, Mein Schiff 2, Wind Surf, Wind Star, Wind Spirit, Seven Seas Voyager, Seven Seas Mariner and Seven Seas Navigator). Through its Austrian subsidiary, Century Casinos Europe GmbH, the Company holds a 66.6% ownership interest in Casinos Poland Ltd, the owner and operator of nine casinos in Poland. The Company also manages the operations of the casino at the Radisson Aruba Resort, Casino & Spa in Aruba, Caribbean. Century Casinos, Inc. continues to pursue other international projects in various stages of development.
For more information about Century Casinos, visit our website at www.centurycasinos.com. Century Casinos' common stock trades on The NASDAQ Capital Market® and the Vienna Stock Exchange under the symbol CNTY.
This release may contain "forward-looking statements" within the meaning of Section 27A of the Security 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 the REC project and financing, timing and prospectus for the project, future results of operations, operating efficiencies, synergies and operational performance, 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, 2012. 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.
SOURCE Century Casinos, Inc.For further information:
Peter Hoetzinger, Co CEO & President, +1 719 689 5813, +43 664 355 3935, email@example.com