Century Casinos Obtains Approval of Competition Tribunal for Sale of South African Casino Properties



    COLORADO SPRINGS, Colo., April 24 /CNW/ -- Century Casinos, Inc. (Nasdaq:  
CNTY; Vienna Stock Exchange) announced today that the Competition Tribunal
South Africa approved the sale of the company's casino properties in South
Africa. This is the first of three regulatory approvals required for
finalizing the sale.
    

    
    The closing of the transaction, which is expected to occur towards the
end of the second quarter of 2009, is still subject to approvals by the
Western Cape Gambling and Racing Board and the KwaZulu-Natal Gambling Board.
    

    
    On December 19, 2008, a subsidiary of Century Casinos entered into an
agreement with Tsogo Sun Gaming (Pty) Limited to sell all of the outstanding
shares of Century Casinos Africa (Pty) Limited ("CCA") for a gross selling
price of ZAR 460.0 million (approximately $51.5 million) less the balance of
third party South African debt and other agreed to amounts. Net proceeds from
the transaction are expected to be approximately ZAR 357.3 million
(approximately $40.0 million) and are payable at closing.
    

    
    CCA owns and operates The Caledon Hotel, Spa & Casino near Cape Town,
South Africa, as well as 60% of, and provides technical casino services to,
Century Casino Newcastle, in Newcastle, South Africa.
    

    About Century Casinos, Inc.:
    
    Century Casinos, Inc. is an international casino entertainment company
that owns and operates the Womacks Casino and Hotel in Cripple Creek,
Colorado, the Century Casino & Hotel in Central City, Colorado, and the
Century Casino & Hotel in Edmonton, Alberta, Canada. The Company also operates
casinos aboard the Silver Cloud and the vessels of Oceania Cruises and has an
agreement to operate the casinos on all vessels (estimated to be three) put
into service by TUI Cruises before December 31, 2012. 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, Century Casino Newcastle, in Newcastle, South
Africa. Furthermore, the Company's Austrian subsidiary, Century Casinos Europe
GmbH, holds a 33.3% ownership interest in Casinos Poland Ltd, the owner and
operator of seven full casinos and one slot casino in Poland. 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(R) and the Vienna Stock Exchange under the symbol CNTY.
    

    
    This release may contain "forward-looking statements" within the meaning
of 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 closing
of our sale of Century Casinos Africa, progress at and plans for our casinos,
gaming, the impact of improvements at our properties, the impact of the
Colorado law banning smoking in casinos and impact of economic downturn. 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
sections entitled "Risk Factors" under Item 1A in our Annual Report on Form
10-K filed on March 16, 2009. 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:

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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