COLORADO SPRINGS, Colo., Sept. 7, 2015 /CNW/ -- Century Casinos, Inc. (NASDAQ Capital Market®: CNTY) announced today that the company amended its concession agreement with TUI Cruises to include the casinos on Mein Schiff 5 and Mein Schiff 6.
TUI Cruises is a joint venture between TUI AG and Royal Caribbean Cruises Ltd. with focus on the premium all inclusive cruise market. TUI Cruises currently has two luxurious 1,900-guest ships (Mein Schiff 1, Mein Schiff 2) and two luxurious 2,500-guest ships (Mein Schiff 3, Mein Schiff 4) in service with casinos operated by Century Casinos. The new 2,500-guest ships Mein Schiff 5 and Mein Schiff 6 are currently being built and scheduled to commence operations in the second quarter of 2016 and 2017 respectively.
"We are delighted about the further extension of our cooperation with TUI Cruises," said Erwin Haitzmann and Peter Hoetzinger, Co CEOs of Century Casinos.
About Century Casinos, Inc.:
Century Casinos, Inc. is an international casino entertainment company that operates 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. Through its Austrian subsidiary, Century Casinos Europe GmbH ("CCE"), the Company holds a 66.6% ownership interest in Casinos Poland Ltd., the owner and operator of nine casinos in Poland. The Company, through CCE, also owns a 75% ownership interest in both Century Downs Racetrack & Casino, which began operations in the north metropolitan area of Calgary, Alberta, Canada in April 2015, and Century Bets!, which began operating the pari-mutuel off-track horse betting network in Southern Alberta, Canada in May 2015. The Company operates eleven ship-based casinos onboard ships of the following cruise lines: TUI Cruises, Windstar Cruises and Nova Star Cruises, Ltd. The Company also manages the operations of the casino at the Hilton Aruba Caribbean Resort and Casino. 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 Casino de Mendoza in Mendoza, Argentina. The Company continues to pursue other international projects in various stages of development.
For more information about Century Casinos, visit our website at www.cnty.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, the prospects for the Century Downs Racetrack and Casino project and other projects, 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 and in subsequent Form 10-Q filings. 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 protected], http://www.cnty.com