Century Casinos, Inc. Announces Fourth Quarter 2014 Results

COLORADO SPRINGS, Colo., March 16, 2015 /CNW/ -- Century Casinos, Inc. (NASDAQ Capital Market® : CNTY) today announced its financial results for the three months and year ended December 31, 2014.

2014 Highlights*

  • Net operating revenue was $120.1 million, a 15% increase from the year ended December 31, 2013.
  • Adjusted EBITDA** was $12.9 million, a 1% increase from the year ended December 31, 2013.
  • Net earnings attributable to Century Casinos, Inc. shareholders were $1.2 million, an 80% decrease from the year ended December 31, 2013.
  • Earnings per share were $0.05.
  • Book value per share *** at December 31, 2014 was $4.86.

Fourth Quarter 2014 Highlights*

  • Net operating revenue was $31.3 million, a 6% increase from the three months ended December 31, 2013.
  • Adjusted EBITDA** was $4.0 million, an 82% increase from the three months ended December 31, 2013.
  • Net losses attributable to Century Casinos, Inc. shareholders were $0.2 million, a 9% decrease from the three months ended December 31, 2013.
  • Losses per share were $0.01.  

In December 2014, we announced that we will form a new 75%-owned subsidiary, Century Bets! Inc. ("CBS"), to operate the pari-mutuel off-track betting network in Southern Alberta, Canada. Horse Racing Alberta has awarded CBS a license to operate this network, and the Company anticipates that CBS will begin operating this network in the second quarter of 2015.

In October 2014, a subsidiary of the Company invested $1 million in an Argentina company that leases slot machines and provides related services to Mendoza Casino, a casino located in Mendoza, Argentina that is owned by the Province of Mendoza. The Company's subsidiary, which also will receive a fee for providing consulting services to the venture, owns 7.5% of the company and has a three year option to purchase up to 50% of the company.


Amounts in thousands, except per share data

For the Three Months Ended December 31, 

For the Year Ended December 31, 

Consolidated Results:



2014



2013

% Change



2014



2013

% Change

Net operating revenue


$

31,259


$

29,424



6%


$

120,048


$

104,588



15%

Earnings from operations



639



(16)



4094%



2,657



5,483



(52%)

Net earnings



(230)



(211)



(9%)



1,232



6,181



(77%)




















Adjusted EBITDA**


$

3,975


$

2,189



82%


$

12,850


$

12,685



1%




















Earnings per share:



















Basic


$

(0.01)


$

(0.01)



0%


$

0.05


$

0.26



(81%)

Diluted


$

(0.01)


$

(0.01)



0%


$

0.05


$

0.26



(81%)

Weighted average common shares: 



















Basic 



24,381



24,378






24,381



24,052




Diluted



24,417



24,365






24,419



24,213




"We ended 2014 on a strong note. A combination of a more streamlined cost structure and better overall macro-trends resulted in a 6% increase in net operating revenue and an 82% increase in Adjusted EBITDA in the fourth quarter of 2014 compared to the fourth quarter of 2013. We are happy with our good progress in further improving the operating margins at Casinos Poland as well as at both properties in Canada," Erwin Haitzmann and Peter Hoetzinger, Co Chief Executive Officers of Century Casinos, said. "Construction remains on budget and on schedule on the Century Downs Racetrack and Casino, which is located four-and-a-half miles from Calgary International Airport and next to CrossIrons Mills, a regional shopping center that attracts approximately 12 million visitors annually. The facility is expected to open on April 1, 2015, with a 0.7 mile racetrack, 550 gaming machines, a restaurant, bars and an off-track betting lounge," they continued.

Three Months and Year Ended December 31, 2014 Results*

Net operating revenue increased by $1.8 million, or 6%, and increased by $15.5 million, or 15%, for the three months and year ended December 31, 2014 compared to the three months and year ended December 31, 2013. Following is a summary of the changes in net operating revenue by property or category for the three months and year ended December 31, 2014 compared to the three months and year ended December 31, 2013:















Net Operating Revenue


For the Three Months

For the Year


 Ended December 31,

 Ended December 31,


2014/2013

2014/2013

Amounts in millions


Change


% Change


Change


% Change

Century Casino & Hotel, Edmonton


$

0.2



3%


$

(0.1)



(0%)

Century Casino, Calgary



0.3



14%



0.5



5%

Century Downs Racetrack and Casino



0.0



(8%)



0.5



1920%

Century Casino & Hotel, Central City



(0.3)



(7%)



(1.6)



(9%)

Century Casino & Hotel, Cripple Creek



0.1



5%



(0.9)



(7%)

Casinos Poland



1.3



10%



16.4



47%

Cruise Ships & Other



0.3



16%



0.7



11%

Total


$

1.8



6%


$

15.5



15%

Earnings from operations increased by $0.7 million, or 4094%, and decreased by ($2.8) million, or (52%), for the three months and year ended December 31, 2014 compared to the three months and year ended December 31, 2013.  Following is a summary of changes in earnings from operations by property or category for the three months and year ended December 31, 2014 compared to the three months and year ended December 31, 2013:















Earnings from Operations


For the Three Months

For the Year


 Ended December 31,

 Ended December 31,


2014/2013

2014/2013

Amounts in millions


Change


% Change


Change


% Change

Century Casino & Hotel, Edmonton


$

0.3



15%


$

0.3



4%

Century Casino, Calgary



0.4



319%



0.6



267%

Century Downs Racetrack and Casino



(0.1)



(181%)



(0.2)



(291%)

Century Casino & Hotel, Central City



(0.1)



(31%)



(0.8)



(41%)

Century Casino & Hotel, Cripple Creek



0.1



1189%



(0.7)



(44%)

Casinos Poland



1.1



701%



(0.5)



(149%)

Cruise Ships & Other



(0.1)



(112%)



(0.2)



(28%)

Corporate Other



(1.0)



(49%)



(1.3)



(20%)

Total


$

0.7



4094%


$

(2.8)



(52%)

Net earnings decreased by less than $0.1 million, or (9%), and decreased by ($5.0) million, or (80%), for the three months and year ended December 31, 2014 compared to the three months and year ended December 31, 2013. Following is a summary of the changes in net earnings (loss) by property or category for the three months and year ended December 31, 2014 compared to the three months and year ended December 31, 2013:















Net Earnings (Loss)


For the Three Months

For the Year


 Ended December 31,

 Ended December 31,


2014/2013

2014/2013

Amounts in millions


Change


% Change


Change


% Change

Century Casino & Hotel, Edmonton


$

0.2



14%


$

0.2



4%

Century Casino, Calgary



0.3



1128%



0.5



1532%

Century Downs Racetrack and Casino



0.1



5700%



0.1



4450%

Century Casino & Hotel, Central City



(0.1)



(31%)



(0.5)



(41%)

Century Casino & Hotel, Cripple Creek



0.1



1320%



(0.4)



(44%)

Casinos Poland



0.8



217%



(0.1)



(1033%)

Cruise Ships & Other



(0.1)



(162%)



(0.2)



(36%)

Corporate Other



(1.4)



(98%)



(4.5)



(200%)

Total


$

0.0



(9%)


$

(5.0)



(80%)

 

Items deducted from or added to earnings from operations to arrive at net earnings (loss) include interest income, interest expense, gains on foreign currency transactions, gain on business combination, income tax expense and non-controlling interests.

The period over period increase in net operating revenue and decrease in net earnings for the year ended December 31, 2014 compared to the year ended December 31, 2013 primarily relate to the inclusion of operating results from Casinos Poland Ltd. ("Casinos Poland" or "CPL") in the second quarter of 2013 as a result of the Company's purchase of an additional 33.3% ownership interest in CPL in April 2013. Prior to the acquisition of this additional interest in CPL, the Company owned 33.3% of CPL and accounted for the CPL ownership interest as an equity investment. CPL contributed $51.2 million in net operating revenue and $0.1 million in net losses from January 1, 2014 through December 31, 2014. In addition, the consolidation of United Horsemen of Alberta, Inc. dba Century Downs Racetrack and Casino ("CDR") as of November 29, 2013 as a minority owned subsidiary for which we have a controlling financial interest affects the comparability of 2014 and 2013 financial results. CDR contributed $0.5 million in net operating revenue and less than $0.1 million in net earnings from January 1, 2014 through December 31, 2014.

During the second quarter of 2013, the Company recognized a gain of $2.1 million as a result of measuring at fair value its initial 33.3% ownership interest in CPL held prior to the acquisition date. As a result, the Corporate Other category reported net losses of ($2.2) million for the year ended December 31, 2013.


Property and Category Results (in thousands)*

The following are property and category results for net operating revenue and Adjusted EBITDA**.

The Company has amended the definition of Adjusted EBITDA** to include one-time acquisition costs. Prior year numbers have been updated for comparability.








































Net Operating Revenue





Adjusted EBITDA**





Net Operating Revenue





Adjusted EBITDA**






For the Three Months




For the Three Months




For the Year




For the Year





 Ended December 31,





 Ended December 31,




 Ended December 31,




 Ended December 31,





2014


2013


% Change


2014


2013


% Change


2014


2013


% Change


2014


2013


% Change

Century Casino & Hotel, Edmonton


$

6,627


$

6,462



3%


$

2,450


$

2,161



13%


$

25,127


$

25,217



(0%)


$

9,188


$

8,926



3%

Century Casino, Calgary



2,418



2,115



14%



518



96



440%



8,967



8,507



5%



1,274



706



81%

Century Downs Racetrack and Casino



23



25



(8%)



(51)



6



(950%)



505



25



1920%



(108)



6



(1900%)

Century Casino & Hotel, Central City



3,678



3,957



(7%)



572



571



0%



15,753



17,374



(9%)



2,481



3,239



(23%)

Century Casino & Hotel, Cripple Creek



2,573



2,446



5%



401



260



54%



10,954



11,819



(7%)



2,047



2,604



(21%)

Casinos Poland



14,103



12,831



10%



1,781



872



104%



51,191



34,817



47%



3,683



2,749



34%

Cruise Ships & Other



1,837



1,587



16%



139



200



(31%)



7,551



6,827



11%



926



997



(7%)

Corporate



0



1



0%



(1,835)



(1,977)



7%



0



2



0%



(6,641)



(6,542)



(2%)

Consolidated


$

31,259


$

29,424



6%


$

3,975


$

2,189



82%


$

120,048


$

104,588



15%


$

12,850


$

12,685



1%


Balance Sheet and Liquidity

As of December 31, 2014, the Company had $24.7 million in cash and cash equivalents and $38.3 million in outstanding debt on its balance sheet compared to $27.4 million in cash and cash equivalents and $34.1 million in outstanding debt at December 31, 2013. The $38.3 million in outstanding debt as of December 31, 2014 includes $5.1 million related to CPL, $16.8 million related to a long-term land lease by CDR and $16.4 million related to the Company's Bank of Montreal credit agreement.

Conference Call Information

Today the Company will post a copy of the annual report on Form 10-K filed with the SEC for the year ended December 31, 2014 on its website at http://corporate.cnty.com/investor-relations/sec-filings.

Century Casinos will host its fourth quarter 2014 earnings conference call today at 8:00 am MDT; 3:00 pm CET, respectively. U.S. domestic participants should dial 1-844-244-9160. For all international participants, please use 330-931-4670 to dial-in. Participants may listen to the call live at https://centurycasinos.adobeconnect.com/earningsrelease or obtain a recording of the call on the Company's website until March 31, 2015 at http://corporate.cnty.com/investor-relations/sec-filings.


CENTURY CASINOS, INC. AND SUBSIDIARIES

FINANCIAL INFORMATION – US GAAP BASIS


Century Casinos, Inc.

Condensed Consolidated Statements of Earnings















For the Three Months Ended December 31, 

For the Year Ended December 31,

Amounts in thousands, except for per share information


2014


2013


2014


2013

Operating revenue:













Net operating revenue


$

31,259


$

29,424


$

120,048


$

104,588

Operating costs and expenses:













Total operating costs and expenses



30,620



29,433



117,391



98,970

Loss from equity investment



0



(7)



0



(135)

Earnings (loss) from operations



639



(16)



2,657



5,483

Non-operating income (expense):













  Gain on business combination



0



404



0



2,478

  Interest income



9



55



81



73

  Interest expense



(748)



(433)



(2,837)



(983)

  Gains on foreign currency transactions and other



142



84



517



318

Non-operating income (expense), net



(597)



110



(2,239)



1,886

Earnings before income taxes



42



94



418



7,369

Income tax provision



721



609



1,507



1,294

Net (loss) earnings



(679)



(515)



(1,089)



6,075

Net loss attributable to non-controlling interest



449



304



2,321



106

Net earnings (loss) attributable to Century Casinos, Inc. shareholders


$

(230)


$

(211)


$

1,232


$

6,181














Earnings (loss) per share attributable to Century Casinos, Inc.:













  Basic


$

(0.01)


$

(0.01)


$

0.05


$

0.26

  Diluted


$

(0.01)


$

(0.01)


$

0.05


$

0.26

 


CENTURY CASINOS, INC. AND SUBSIDIARIES

FINANCIAL INFORMATION – US GAAP BASIS








Century Casinos, Inc.







Condensed Consolidated Balance Sheets







(Amounts in thousands)









December 31,


December 31,



2014


2013

Assets







Current assets


$

30,163


$

32,360

Property and equipment, net



134,627



132,639

Other assets



22,677



25,625

Total assets


$

187,467


$

190,624








Liabilities and Equity







Current liabilities


$

29,989


$

26,801

Non-current liabilities



35,052



34,373

Century Casinos, Inc. shareholders' equity



118,428



121,809

Non-controlling interest



3,998



7,641

Total liabilities and equity


$

187,467


$

190,624

 

 

 


CENTURY CASINOS, INC. AND SUBSIDIARIES

SUPPLEMENTAL INFORMATION


Century Casinos, Inc.

Adjusted EBITDA Margins ** by Property or Category (unaudited)



For the Three Months

For the Year


 Ended December 31,

 Ended December 31,


2014

2013

2014

2013

Century Casino & Hotel, Edmonton

37%

33%

37%

35%

Century Casino, Calgary

21%

5%

14%

8%

Century Downs Racetrack and Casino

(222%)

24%

(21%)

24%

Century Casino & Hotel, Central City

16%

14%

16%

19%

Century Casino & Hotel, Cripple Creek

16%

11%

19%

22%

Casinos Poland

13%

7%

7%

8%

Cruise Ships & Other

8%

13%

12%

15%

Consolidated Adjusted EBITDA Margin

13%

7%

11%

12%

 

Century Casinos, Inc.

Reconciliation of Adjusted EBITDA * to Net Earnings (Loss) by Property or Category

For the three months ended December 31, 2014


Amounts in thousands




Three Months Ended December 31, 2014



Edmonton


Calgary


Century Downs


Central City


Cripple Creek


Casinos Poland


Cruise Ships & Other


Corporate


Total

Net earnings (loss)


$

1,581


$

298


$

112


$

119


$

61


$

450


$

(44)


$

(2,807)


$

(230)

Interest income



0



0



0



0



0



(2)



0



(7)



(9)

Interest expense



155



0



521



0



0



70



0



2



748

Income taxes (benefit)



483



11



77



73



37



251



33



(244)



721

Depreciation and amortization



252



225



0



348



296



697



150



46



2,014

Non-controlling interest



0



0



(675)



0



0



226



0



0



(449)

Non-cash stock-based compensation



0



0



0



0



0



0



0



972



972

Foreign currency losses (gains)



(21)



(18)



(86)



0



0



(22)



0



5



(142)

(Gain) loss on disposition of fixed assets



0



2



0



32



7



0



0



0



41

Acquisition costs



0



0



0



0



0



0



0



198



198

Other one-time expenses



0



0



0



0



0



111



0



0



111

Adjusted EBITDA*


$

2,450


$

518


$

(51)


$

572


$

401


$

1,781


$

139


$

(1,835)


$

3,975

 

 



CENTURY CASINOS, INC. AND SUBSIDIARIES

SUPPLEMENTAL INFORMATION


Century Casinos, Inc.

Reconciliation of Adjusted EBITDA * to Net Earnings (Loss) by Property or Category

For the three months ended December 31, 2013


Amounts in thousands




Three Months Ended December 31, 2013



Edmonton


Calgary


Century Downs


Central City


Cripple Creek


Casinos Poland


Cruise Ships & Other


Corporate



Total

Net earnings (loss)


$

1,385


$

(29)


$

(2)


$

173


$

(5)


$

(386)


$

71


$

(1,418)


$

(211)

Interest income



(16)



0



0



0



0



(8)



0



(31)



(55)

Interest expense



104



0



171



0



(1)



158



0



1



433

Income taxes (benefit)



445



(98)



6



106



(3)



332



23



(202)



609

Depreciation and amortization



253



229



0



292



240



784



100



30



1,928

Non-controlling interest



0



0



(112)



0



0



(192)



0



0



(304)

Non-cash stock-based compensation



0



0



0



0



0



0



0



22



22

Foreign currency losses (gains)



(13)



(6)



0



0



0



(66)



0



1



(84)

(Gain) loss on disposition of fixed assets



3



0



0



0



29



242



6



24



304

(Gain) on business combination



0



0



0



0



0



0



0



(404)



(404)

Other one-time expenses (income)



0



0



(57)



0



0



8



0



0



(49)

Adjusted EBITDA*


$

2,161


$

96


$

6


$

571


$

260


$

872


$

200


$

(1,977)


$

2,189

 

 



CENTURY CASINOS, INC. AND SUBSIDIARIES

SUPPLEMENTAL INFORMATION


Century Casinos, Inc.

Reconciliation of Adjusted EBITDA * to Net Earnings (Loss) by Property or Category

For the year ended December 31, 2014


Amounts in thousands




Year Ended December 31, 2014



Edmonton


Calgary


Century Downs


Central City


Cripple Creek


Casinos Poland


Cruise Ships & Other


Corporate


Total

Net earnings (loss)


$

5,915


$

444


$

87


$

720


$

563


$

(112)


$

325


$

(6,710)


$

1,232

Interest income



0



0



0



0



0



(39)



0



(42)



(81)

Interest expense



479



0



1,994



0



1



358



0



5



2,837

Income taxes (benefit)



1,865



(57)



163



440



346



25



91



(1,366)



1,507

Depreciation and amortization



995



915



0



1,288



1,131



2,839



506



161



7,835

Non-controlling interest



0



0



(2,267)



0



0



(54)



0



0



(2,321)

Non-cash stock-based compensation



0



0



0



0



0



0



0



1,028



1,028

Foreign currency (gains) losses



(66)



(30)



(97)



0



0



(342)



1



17



(517)

(Gain) loss on disposition of fixed assets



0



2



0



33



6



587



3



0



631

Acquisition costs



0



0



115



0



0



0



0



266



381

Other one-time expenses (income)



0



0



(103)



0



0



421



0



0



318

Adjusted EBITDA*


$

9,188


$

1,274


$

(108)


$

2,481


$

2,047


$

3,683


$

926


$

(6,641)


$

12,850

 

 

 


CENTURY CASINOS, INC. AND SUBSIDIARIES

SUPPLEMENTAL INFORMATION


Century Casinos, Inc.

Reconciliation of Adjusted EBITDA * to Net Earnings (Loss) by Property or Category

For the year ended December 31, 2013


Amounts in thousands




Year Ended December 31, 2013



Edmonton


Calgary


Century Downs


Central City


Cripple Creek


Casinos Poland


Cruise Ships & Other


Corporate



Total

Net earnings (loss)


$

5,703


$

(31)


$

(2)


$

1,225


$

1,004


$

12


$

504


$

(2,234)


$

6,181

Interest income



(16)



0



0



0



0



(10)



0



(47)



(73)

Interest expense



429



0



171



0



0



384



(3)



2



983

Income taxes (benefit)



1,809



(172)



6



750



615



145



81



(1,940)



1,294

Depreciation and amortization



1,028



920



0



1,269



956



1,903



402



121



6,599

Non-controlling interest



0



0



(112)



0



0



6



0



0



(106)

Non-cash stock-based compensation



0



0



0



0



0



0



0



33



33

Foreign currency losses (gains)



(30)



(11)



0



0



0



(204)



(1)



(72)



(318)

(Gain) loss on disposition of fixed assets



3



0



0



(5)



29



505



14



24



570

(Gain) on business combination



0



0



0



0



0



0



0



(2,478)



(2,478)

Acquisition costs



0



0



0



0



0



0



0



49



49

Other one-time expenses (income)



0



0



(57)



0



0



8



0



0



(49)

Adjusted EBITDA*


$

8,926


$

706


$

6


$

3,239


$

2,604


$

2,749


$

997


$

(6,542)


$

12,685

 

*  The Company defines Adjusted EBITDA as net earnings (loss) before interest, income taxes (benefit), depreciation, amortization, non-controlling interest, pre-opening expenses, acquisition costs, non-cash stock based compensation charges, asset impairment costs, (gain) loss on disposition of fixed assets, discontinued operations, realized foreign currency losses (gains), (gain) on business combination and certain other one-time items. Intercompany transactions consisting primarily of management and royalty fees and interest, along with their related tax effects, are excluded from the presentation of net earnings (loss) and Adjusted EBITDA reported for each property. Not all of the aforementioned items occur in each reporting period, but have been included in the definition based on historical activity. These adjustments have no effect on the consolidated results as reported under accounting principles generally accepted in the United States of America ("US GAAP"). Adjusted EBITDA is not considered a measure of performance recognized under US GAAP. Management believes that Adjusted EBITDA is a valuable measure of the relative performance of the Company and its properties. The gaming industry commonly uses Adjusted EBITDA as a method of arriving at the economic value of a casino operation. Management uses Adjusted EBITDA to compare the relative operating performance of separate operating units by eliminating the above mentioned items associated with the varying levels of capital expenditures for infrastructure required to generate revenue, and the often high cost of acquiring existing operations. Adjusted EBITDA is used by the Company's lending institution to gauge operating performance. The Company's computation of Adjusted EBITDA may be different from, and therefore may not be comparable to, similar measures used by other companies within the gaming industry. Please see the reconciliation of Adjusted EBITDA to net earnings (loss) above.

**  The Company defines Adjusted EBITDA margin as Adjusted EBITDA divided by net operating revenue. Management uses this margin as one of several measures to evaluate the efficiency of the Company's casino operations.

About Century Casinos, Inc.:

Century Casinos, Inc. is an international casino entertainment company that operates 30 casinos worldwide. The Company 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 15 luxury cruise vessels (Regatta, Nautica, Insignia, Marina, Riviera, Mein Schiff 1, Mein Schiff 2, Mein Schiff 3, Wind Surf, Wind Star, Wind Spirit, Star Pride, Seven Seas Voyager, Seven Seas Mariner, and Seven Seas Navigator) and the casino on the cruise ferry Nova Star. Through its Austrian subsidiary, CCE, the Company holds a 66.6% ownership interest in Casinos Poland Ltd., the owner and operator of nine casinos in Poland. The Company manages the operations of the casino at the Radisson Aruba Resort, Casino & Spa in Aruba, Caribbean. The Company, through CCE, 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 Mendoza Casino in Mendoza, Argentina. The Company, through CCE, is currently developing the Century Downs Racetrack and Casino in the north metropolitan area of Calgary, Alberta, Canada that will include a horse race track and other gaming, restaurant and entertainment facilities. The Company, through CCE, also owns a 75% interest in CBS, which is expected to begin operating a pari-mutuel off-track betting network in Southern Alberta, Canada, in the second quarter of 2015.The Company 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® under the symbol CNTY.

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, operating efficiencies, synergies and operational performance, development of and the prospects for the Century Downs Racetrack and Casino project, debt repayment, investments in joint ventures, outcomes of legal proceedings 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, 2014. 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, peter.hoetzinger@cnty.com, http://www.centurycasinos.com


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