Correction to the Press Release Regarding the Completion of Silver Dollar Casino Acquisition in Calgary, Alberta, Canada
By Century Casinos Inc., PRNEWednesday, January 13, 2010
COLORADO SPRINGS, Colorado, January 14 - Century Casinos, Inc. (Nasdaq and Vienna Stock Exchange: CNTY) announced
yesterday that the Company's Austrian subsidiary, Century Casinos Europe GmbH
("CCE"), completed the acquisition of the Silver Dollar Casino by paying
"US$9.5 million, which includes US$9,650,000 less US$150,000 for a working
capital adjustment at closing". These amounts were incorrect. CCE paid at
closing US$10,500,000, which includes US$9,650,000 plus US$850,000 for
working capital.
About Century Casinos, Inc.:
Century Casinos, Inc. is an international casino entertainment company
that owns and operates the Womacks Casino & Hotel in Cripple Creek, Colorado,
the Century Casino & Hotel in Central City, Colorado, the Century Casino &
Hotel in Edmonton, Canada and the Silver Dollar Casino in Calgary, Canada.
The Company also operates casinos aboard five luxury cruise vessels (Silver
Cloud, Regatta, Insignia, Nautica, Mein Schiff). Through its Austrian
subsidiary, Century Casinos Europe GmbH, the Company holds a 33.3% ownership
interest in Casinos Poland Ltd., the owner and operator of seven full casinos
and one slot casino in Poland. 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(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 pending
purchase of the Silver Dollar casino. 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.
Peter Hoetzinger, Co CEO & President, +1-719-689-5813, or +43-664-355-3935, peter.hoetzinger at cnty.com, or Larry Hannappel, Senior Vice President, +1-719-229-6448, larry.hannappel at cnty.com, both of Century Casinos, Inc.
Tags: Century Casinos Inc., Colorado, Colorado springs, South Africa, United Kingdom