euro adhoc: Century Casinos,Inc. / Quartals- und Halbjahresbilanz / Century Casinos steigert Periodenüberschuss um 68%

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Ad hoc-Mitteilung übermittelt durch euro adhoc. Für den Inhalt ist der
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10.05.2006

Century Casinos, Inc. (The NASDAQ Capital Market® und Wiener Börse:
CNTY) gab heute für das mit 31. März endende erste Quartal 2006 einen
Periodenüberschuss von $1.690.000 bzw. $0,08 pro Aktie, verglichen
mit $1.007.000 oder $0,07 pro Aktie für das am 31. März 2005 endende
Vergleichsquartal, bekannt.

Für das am 31. März 2006 endende erste Quartal wies die Gesellschaft
Nettoerlöse von $9.474.000, bzw. eine Steigerung von 2,7% gegenüber
den in der Vergleichsperiode 2005 gemeldeten $9.228.000, aus. Auf
Unternehmensebene konnten die Casinobetriebsmarge (definiert als
Casinoüberschüsse dividiert durch Casinoerlöse) für das am 31. März
2006 endende Quartal auf 61,6% und die Hotel, Food und Beverage
(F&B)-Betriebsmarge (definiert als Überschüsse aus dem F&B-Geschäft
dividiert durch F&B-Erlöse) auf 43,3% gesteigert werden.

Die Anzahl durchschnittlich im Umlauf befindlicher Aktien betrug
22.380.567 für das erste Quartal 2006 gegenüber 13.748.011 im
Vergleichszeitraum 2005.

Eine detailliertere Zusammenfassung der Ergebnisse des ersten
Quartals 2006 kann der englischsprachigen Pressemeldung im Anhang
entnommen werden. Daneben steht ab 10. Mai eine Präsentation der
Quartalsergebnisse auf unserer Website unter
www.centurycasinos.com/presentations zur Verfügung.

Über Century Casinos, Inc:

Century Casinos, Inc. ist ein internationales Casinounternehmen mit
Sitz in Delaware, USA. Die Gesellschaft besitzt und betreibt das
Womacks Casino und Hotel in Cripple Creek, Colorado, das Caledon
Hotel, Spa & Casino in der Nähe von Kapstadt, Südafrika sowie das
Casino Millennium im Marriott Hotel in Prag, Tschechien. Weiters
besitzt die Gesellschaft (über ihre Tochtergesellschaft Century
Casinos Africa (Pty) Limited) 60% an und erbringt technische
Casinodienstleistungen für das Monte Vista Casino & Conference Centre
in Newcastle, Südafrika. Darüber hinaus betreibt die Gesellschaft
Casinos an Bord der Luxus-Kreuzfahrtschiffe Silver Wind, Silver
Cloud, Silver Whisper, The World of ResidenSea, und den Schiffen von
Oceania Cruises. Die Gesellschaft ist Eigentümer eines derzeit in Bau
befindlichen Casino- und Hotelprojektes in Edmonton, Kanada und
Mehrheitseigentümer eines in Bau befindlichen Casino- und
Hotelprojektes in Central City, Colorado. Century Casinos, Inc.
verfolgt laufend weitere internationale Casino-Projekte in
verschiedenen Entwicklungsstufen.

Für weitere Informationen besuchen Sie unsere Homepage unter
www.centurycasinos.com. Die Aktien der Gesellschaft werden unter dem
Tickersymbol CNTY am NASDAQ Capital Market® und im Prime Market
Segment der Wiener Börse gehandelt.

This release may contain forward-looking statements that involve
risks and uncertainties. Among the other important factors which
could cause actual results to differ materially from those in the
forward-looking statements are economic, competitive, and
governmental factors affecting the company’s operations, markets,
services and prices, as well as other factors detailed in the
Company’s filings with the Securities and Exchange Commission,
including its recent filings on Forms 10-K, 10-Q, and 8K, which
contain updated Risk Factors and other information. 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.

CENTURY CASINOS INCREASES YEAR-OVER-YEAR NET EARNINGS BY 68%

COLORADO SPRINGS, Colorado, May 10, 2006 - For the quarter ended
March 31, 2006, Century Casinos, Inc. (NASDAQ Capital Market and the
Vienna Stock Exchange: CNTY) reported net earnings of $1,690,000, or
$0.08 per share, compared to $1,007,000, or $0.07 per share, for the
quarter ended March 31, 2005. The average weighted number of common
shares outstanding was 22,380,567 for the quarter ended March 31,
2006 compared to 13,748,011 for the same period in 2005. Interest
income increased $232,000 due to a higher level of cash on hand in
the current period compared to the first quarter of 2005.
Additionally, interest expense on non-capitalizable debt decreased
$250,000 due to a decrease in our average debt balance on Womacks’
revolving credit facility and the previously reported renegotiation
of high-interest debt at our Caledon operation. Adjusted EBITDA*
(earnings before interest, income taxes, depreciation, amortization
and minority interest) for the first quarter of 2006 was $2,388,000
compared to $2,395,000 in the first quarter of 2005.

For the quarter ended March 31, 2006, the Company reported net
operating revenue of $9,474,000, a 2.7% increase over the $9,228,000
reported in the same 2005 period. Total earnings from operations
were $1,528,000 in the first quarter of 2006 compared to $1,558,000
in the first quarter of 2005. On a company-wide basis, casino
operating margins (defined as earnings from casino operations divided
by casino operating revenue) for the quarter ended March 31, 2006
were 61.6% compared to 60.9% for the same period in 2005. On a
company-wide basis, hotel, food and beverage ("F&B") operating
margins (defined as earnings from F&B operations divided by F&B
operating revenue) for the quarter ended March 31, 2006 were 43.3%
compared to 37.5% for the same period in 2005.

Caledon

Three months ended March 31, 2006 vs. 2005

Caledon’s casino revenue increased 2.3% to $4,070,000 for the first
quarter of 2006 compared to $3,978,000 reported in the first quarter
of 2005. The deterioration of the Rand quarter over quarter has had
a negative impact on the results reported in dollars. Additionally,
the Easter holiday, typically one of the busier weekends of the year,
occurred in the first quarter of 2005 and in the second quarter of
2006. Casino revenue, in Rand, increased by 7.1% to R25,102,000
compared to R23,431,000 in the first quarter of 2005. This increase
is attributable to a 14.3% increase in the number of slot machines
and an increase in table win per day of 43.5%. Casino expenses in
Rand increased 4.8% from the first quarter of 2006 to the first
quarter of 2005, a direct result of the growth in casino revenues.
General and administrative expense for Caledon increased 18.2% to
$687,000 in this quarter when compared to the first quarter of 2005
due to the outsourcing of security services, continued maintenance
expenditures and increased gaming taxes. Depreciation expense
decreased $85,000 period over period. Net earnings in the first
quarter of 2006 were $1,125,000 compared to $1,044,000 in the first
quarter of 2005, or a 7.8% increase.

Womacks

Three months ended March 31, 2006 vs. 2005

Womacks’ net operating revenue increased to $3,836,000 for the first
quarter of 2006 compared to $3,805,000 reported for the same period
in 2005. Total operating expenses decreased $251,000, or 8.1%, to
$2,853,000 in the first quarter of 2006 from $3,104,000 in the first
quarter of 2005, primarily the result of the removal of poor
performing slot machines from the gaming floor, which reduced the
amount of gaming taxes and other gaming related fees for the quarter.
Casino margins improved to 66.8% for the first quarter of 2006
compared to 63.7% for the same 2005 quarter. Hotel, food and beverage
margins increased to 64.6% for the current quarter from 55.2% for the
quarter ended March 31, 2005, due to the closure of a poorly
performing restaurant in the third quarter of 2005. Net earnings
reported for Womacks in the first quarter of 2006 were $553,000
compared to $439,000 in the first quarter of 2005, a 26.0% increase.

Cruise Ships

Three months ended March 31, 2006 vs. 2005

Net operating revenue increased $204,000, or 31.2%, to $857,000 in
the first quarter of 2006 from $653,000 in the first quarter of 2005.
The Nautica, which was not in operation during the first quarter of
2005, contributed approximately $179,000 of total operating revenue
for the first quarter of 2006. Operating expenses increased $204,000,
or 42.4%, to $685,000 in the first quarter of 2006, primarily due to
travel costs associated with rotating ship personnel and higher
concession and other contractual fees paid to ship operators. Net
earnings were $167,000 for each of the quarters ended March 31, 2006
and 2005.

The Company will post a slide show presentation of the results of
operations for the first quarter of 2006 on its web site at
www.centurycasinos.com/presentations on Wednesday, May 10, 2006.

About Century Casinos, Inc:

Century Casinos, Inc. is an international casino entertainment
company that owns and operates Womacks Casino and Hotel in Cripple
Creek, Colorado; owns and operates The Caledon Hotel, Spa & Casino
near Cape Town, South Africa; owns and operates the Casino Millennium
in the Marriott Hotel in Prague, Czech Republic; owns (through its
subsidiary Century Casinos Africa (Pty) Limited) 60% of, and provides
technical casino services to, the Monte Vista Casino & Conference
Center, Newcastle, South Africa; operates the casinos aboard the
Silver Wind, Silver Cloud, Silver Whisper, The World of ResidenSea,
and the vessels of Oceania Cruises; owns and has begun construction
on a casino and hotel development in Edmonton, Alberta, Canada; and
owns a majority interest in, and has begun construction on, a casino
and hotel development in Central City, Colorado. The Company
continues to pursue other international projects in various stages of
development.

For more information about Century Casinos, visit our web site 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 that involve
risks and uncertainties. Among the other important factors which
could cause actual results to differ materially from those in the
forward-looking statements are economic, competitive, and
governmental factors affecting the Company’s operations, markets,
services and prices, as well as other factors detailed in the
Company’s filings with the Securities and Exchange Commission,
including its recent filings on Forms 10-K, 10-Q, and 8-K. 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.

CENTURY CASINOS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (unaudited)
Amounts in US $ thousands, except for share information

For The Three Months ended March 31, 2006 2005
OPERATING REVENUE:
Casino $ 9,145 9,051
Hotel, food and beverage 1,082 1,228
Other 148 216
$ 10,375 10,495
Less promotional allowances 901 1,267
NET OPERATING REVENUE $ 9,474 9,228
OPERATING COSTS
AND EXPENSES:
Casino 3,513 3,541
Hotel, food and beverage 614 768
General & administrative 3,042 2,442
Property write-downs and other 7 (30)
write-offs, net of (recoveries)
Depreciation 770 852
Total operating costs and expenses 7,946 7,573
(Loss) from unconsolidated Subsidiary - (97)
EARNINGS FROM OPERATIONS $ 1,528 1,558
NON-OPERATING
INCOME (EXPENSE):
Interest income 279 47
Interest expense (203) (453)
Other income (expense), net 90 (14)
Non-operating items from
unconsolidated subsidiary - (1)
Non-operating income
(expense), net 166 (421)
EARNINGS BEFORE INCOME
TAXES AND MINORITY INTEREST $ 1,694 1,137
Provision for income taxes 356 156
EARNINGS BEFORE MINORITY $ 1,338 981
INTEREST
Minority interest in subsidiary losses 352 26
NET EARNINGS $ 1,690 1,007
EARNINGS PER SHARE:
Basic $ 0,08 0,07
Diluted $ 0,07 0,06
RECONCILIATION TO 2006 2005
ADJUSTED EBITDA*
Net earnings $ 1,690 1,007
Minority interest (352) (26)
Interest income (279) (47)
Interest expense 203 453
Income taxes 356 156
Depreciation 770 852
ADJUSTED EBITDA* $ 2,388 2,395

CENTURY CASINOS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEET (unaudited)

~
March 31, 2006 December 31, 2005
ASSETS
Current Assets $ 38,257 40,133
Other Assets 101,453 83,430
TOTAL ASSETS $ 139,710 123,563
LIABILITIES AND
SHAREHOLDER'S EQUITY
Current Liabilities $ 13,926 9,639
Non-Current Liabilities 31,669 22,593
Shareholders' Equity 94,115 91,331
TOTAL LIABILITIES AND
SHAREHOLDERS' EQUITY $ 139,710 123,563
*Adjusted EBITDA (Earnings before interest, income taxes, depreciation,
amortization and minority interest) is not considered a measure of performance
recognized under accounting principles generally accepted in the United States
of America. Management believes that adjusted EBITDA is a valuable measure of
the relative performance among its operating segments. 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 interest
income, interest expense, income tax expense, depreciation, amortization and
minority interest expense associated with the varying levels of capital
expenditures for infrastructure required to generate revenue, and the often high
cost of acquiring existing operations. EBITDA (Earnings before interest, taxes,
depreciation and amortization) is used by our lending institutions 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.

Ende der Mitteilung euro adhoc 10.05.2006 11:30:00
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ots Originaltext: Century Casinos,Inc.
Im Internet recherchierbar: http://www.presseportal.de

Rückfragehinweis:
Century Casinos Europe GmbH
Mag. Peter Hötzinger, CO-CEO
Tel.:0664/3553935
mailto:peter.hoetzinger@cnty.com
http://www.cnty.com

Branche: Glücksspiele
ISIN: AT0000499900
WKN:
Index: WBI
Börsen: Wiener Börse AG / Amtlicher Handel