euro adhoc: Century Casinos,Inc. / Geschäftszahlen/Bilanz / Century Casinos gibt Rekord-Nettoerlöse für das Geschäftsjahr 2005 bekannt

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Ad hoc-Mitteilung übermittelt durch euro adhoc. Für den Inhalt ist der
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10.03.2006

Century Casinos, Inc. (NASDAQ Capital Market® und Wiener Börse: CNTY)
gab heute für das am 31. Dezember endende Geschäftsjahr 2005
Rekord-Nettoerlöse von $37.445.000 bekannt. Dies entspricht einer
Steigerung von 4,7% zu den 2004 ausgewiesenen Nettoerlösen von
$35.765.000.

Für das Geschäftsjahr 2005 erzielte das Unternehmen einen
Periodenüberschuss von $4.481.000 oder $0,28 pro Aktie, im Vergleich
zu bereinigten $4.183.000 im Jahr 2004 (der in 2004 ausgewiesene
Periodenüberschuss von $4.738.000 inkludierte einen
Währungsumrechnungsgewinn aus dem Verkauf einer südafrikanischen
Tochtergesellschaft und einen Nettogewinn durch die Einbringung einer
im Jahr 2002 abgeschriebenen Forderung in der Höhe von $555.000). Die
durchschnittliche Anzahl der im Umlauf befindlichen Aktien erhöhte
sich im Berichtsjahr 2005 auf 15.923.585 gegenüber 13.683.016 im Jahr
2004. Dies ist in erster Linie auf die Ausgabe von 7.132.667 Aktien,
welche im Rahmen eines Austrian Depositary Certificate ("ADC")
Offerings an der Wiener Börse im Oktober 2005 begeben wurden,
zurückzuführen.

Für das vierte Quartal 2005 meldete die Gesellschaft Nettoerlöse von
$9.279.000 und einen Periodenüberschuss von $1.684.000 gegenüber
Nettoerlösen von $9.077.000 und einem Periodenüberschuss von
$1.454.000 im vierten Quartal 2004. Die Steigerungen sind
hauptsächlich auf gestiegene Nettoerlöse in den Casinos in Cripple
Creek, Colorado, USA und Caledon, Südafrika, zurückzuführen.

Century Casinos plant noch heuer drei weitere Casino & Hotel Resorts
in Südafrika, Colorado und Kanada in Betrieb zu nehmen.

Eine detailliertere Zusammenfassung der Ergebnisse des vierten
Quartals sowie des Gesamtjahres 2005 kann der news release in
englischer Sprache entnommen werden, die Sie im Anhang an dieser
Presseinformation finden. Zusätzlich wird ab 10. März eine
Präsentation des Abschlusses des vierten Quartals und des
Geschäftsjahres 2005 auf unserer Internetseite unter
http://www.cnty.com/index.phpEURid=75 zur Verfügung stehen.

Über Century Casinos, Inc:

Century Casinos, Inc. ist ein internationales
Casino-Entertainmentunternehmen mit Sitz in Delaware, USA. Die
Gesellschaft besitzt und betreibt das Womacks Casino und Hotel in
Cripple Creek, Colorado sowie das Caledon Hotel, Spa & Casino in der
Nähe von Kapstadt, 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. Weiters besitzt die Gesellschaft 50%
von und erbringt technische Casinodienstleistungen für das Casino
Millennium im Marriott Hotel in Prag. Die Gesellschaft ist Eigentümer
eines derzeit in Bau befindlichen Casino- und Hotelprojektes in
Edmonton, Kanada und hält eine Mehrheitsbeteiligung an einem in Bau
befindlichen Casino- und Hotelprojekt 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
contains 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 ANNOUNCES RECORD 2005 REVENUES

COLORADO SPRINGS, Colorado, March 10, 2006 - For the year ended
December 31, 2005, Century Casinos, Inc. (NASDAQ Capital Market and
the VSE: CNTY) reported record net operating revenue of $37,445,000,
a 4.7% increase over the $35,765,000 reported in 2004. Net operating
revenue for the fourth quarter increased to $9,279,000 in 2005 from
$9,077,000 in 2004.

For the year ended December 31, 2005, the Company reported net
earnings of $4,481,000 or $0.28 per share, compared to $4,738,000 or
$0.35 per share for 2004. In the fourth quarter of 2004, the Company
recorded a foreign currency translation gain on the sale of a South
African subsidiary and recognized a net gain on the recovery of
receivables previously written off in 2002 that had a $555,000
positive impact on net earnings. The weighted average number of
common shares outstanding increased to 15,923,585 for the year ended
December 31, 2005 compared to 13,683,016 for the year ended December
31, 2004, primarily the result of the 7,132,667 common shares issued
in the form of Austrian Depositary Certificates ("ADC") offered in
October 2005 on the Vienna Stock Exchange.

For the quarter ended December 31, 2005, the Company reported net
earnings of $1,684,000 or $0.08 per share, compared to $1,454,000, or
$0.11 per share, for the same period of 2004. The average weighted
number of common shares outstanding increased to 21,527,748 for the
quarter ended December 31, 2005 compared to 13,686,824 for the same
period in 2004, a result of the ADC offering. Total earnings from
operations were $1,465,000 in the fourth quarter of 2005 compared to
$1,305,000 in the fourth quarter of 2004. The most significant
impacts on reported net earnings for the quarter were improved
revenues at the Company’s Cripple Creek, Colorado and Caledon, South
Africa casinos. Net earnings in the fourth quarter of 2004 were
impacted by the previously mentioned gain on sale of the South
African subsidiary and recovery of receivables.

On a company-wide basis, operating margins (defined as earnings from
operations divided by net operating revenue) for the year were 15.6%
in 2005 compared to 19.6% in 2004 and for the quarter ended December
31, 2005 were 15.8% compared to 14.4% for the same period in 2004.

Adjusted EBITDA* (earnings before interest, income taxes,
depreciation, amortization and minority interest) for 2005 was
$9,203,000 compared to $9,997,000 in 2004. Adjusted EBITDA for the
fourth quarter of 2005 was $2,188,000 compared to $2,182,000 in 2004.
Adjusted EBITDA for the year and quarter ended December 31, 2004
include a $555,000 positive impact from the sale of the Company’s
South African subsidiary and recovery of receivables.

The Company’s tax benefit for the fourth quarter of 2005 results
primarily from the exercise of stock options by certain officers and
directors. The Company’s tax benefit in the fourth quarter of 2004 is
related to the Company’s South African subsidiary’s accrual of fees
to its Mauritian parent for the entire 2004 calendar year, totaling
$1,327,000.

Caledon

Year ended December 31, 2005 vs. 2004

Caledon’s casino revenue increased by 16.0% during 2005 to
$14,549,000 compared to $12,540,000 in 2004. The casino revenue in
Rand increased by 14.6%, year over year. Casino expenses increased by
$541,000, or 10.6% during 2005 as compared to 2004. General and
administrative expense was $2,529,000 in 2005 and $2,170,000 in 2004.
Excluding the effect in the Rand/Dollar conversion rate, general and
administrative expense increased 16.1%, primarily the result of an
increase in departmental payroll related to casino expansion and
increases in service contracts related to the maintenance on the
casino’s player tracking system and external security. Operating
margins, excluding the effect in the Rand/Dollar conversation rate,
improved to 30.5% for the year ended December 31, 2005 from 25.5% for
the same period in 2004. Net earnings for 2005 were $3,132,000
compared to $2,194,000 for 2004, or a 42.8% increase.

Three months ended December 31, 2005 vs. 2004

Caledon’s casino revenue increased by 2.5% to $3,759,000 for the
fourth quarter of 2005 compared to $3,668,000 reported in the fourth
quarter of 2004. A decrease in the Rand versus the dollar when
comparing the fourth quarter of last year to the current year has had
a negative impact on the reported revenues and a positive impact on
expenses. The casino revenue in Rand increased by 11.6% to R24,
413,000 compared to R21,885,000 in the fourth quarter of 2004. This
increase is attributable to an increased number of slot machines,
continued marketing efforts and efficient casino management. Casino
expenses decreased slightly to $1,450,000 in the fourth quarter of
2005 from $1,483,000 in the comparable 2004 period. General and
administrative expense for Caledon decreased 5.0% to $645,000 in this
quarter when compared to 2004, but remained flat when comparing the
change in Rand. Depreciation expense decreased $106,000 period over
period. Net earnings in the fourth quarter of 2005 were $1,073,000
compared to $627,000 in the fourth quarter of 2004, or a 71.1%
increase.

Womacks

Year ended December 31, 2005 vs. 2004

Womacks’ casino revenue was $18,934,000 for 2005 compared to
$19,486,000 for 2004. Casino expenses decreased slightly from
$6,828,000 in 2004 to $6,514,000 in 2005. General and administrative
expenses increased 4.5% to $3,804,000 in 2005 from $3,641,000,
primarily due to the implementation and testing of Sarbanes-Oxley
controls. Depreciation was $1,703,000 compared to $1,512,000 for the
year ended December 31, 2005 and 2004, respectively. Operating
margins were 26.1% for the year ended December 31, 2005 compared to
28.4% for the same period in 2004. Net earnings reported for Womacks
for the year 2005 were $2,941,000 compared to $3,180,000 for 2004.

Three months ended December 31, 2005 vs. 2004

Womacks’ casino revenue was $4,259,000 for the fourth quarter of 2005
compared to $3,983,000 reported for the same period in 2004. Casino
expenses decreased 10.0% to $1,475,000. Food and beverage revenues
have decreased slightly as a result of the closure of one of the
facility’s two restaurants in the third quarter of 2005. General and
administrative expenses increased by 18.7% to $1,094,000 in the
fourth quarter 2005 from $922,000 in the fourth quarter 2004, a
result of Sarbanes-Oxley expenditures and audit fees in 2005.
Depreciation was $413,000 compared to $457,000 in the same period of
2004. Net earnings reported for Womacks in the fourth quarter of 2005
were $513,000 compared to $265,000 in the fourth quarter of 2004.

Cruise Ships

Year ended December 31, 2005 vs. 2004

Net operating revenue was $3,151,000 for 2005 compared to $2,769,000
for 2004, an increase of 13.8%. Casino expenses increased to
$2,142,000 in 2005 from $1,836,000 in 2004, an increase of 16.7%.
Operating margins for the year were 27.5% in 2005 compared to 29.7%
in 2004. Net earnings increased 5.1% to $839,000 for 2005 compared to
$798,000 in 2004.

Three months ended December 31, 2005 vs. 2004

Net operating revenue increased $47,000, or 5.8%, to $857,000 in the
fourth quarter of 2005 from $810,000 in the fourth quarter of 2004.
Operating margins declined to 22.5% in 2005 compared to 31.6% in 2004
primarily due to the costs associated with returning the Nautica to
service after being taken out of service in November 2004 at the end
of its maiden charter. Net earnings were $187,000 in the fourth
quarter of 2005 compared to $248,000 in the fourth quarter of 2004.

The Company will post a slide show presentation of the results of
operations for the fourth quarter of 2005 and year ended 2005 on its
web site at www.centurycasinos.com on Friday, March 10, 2006.

About Century Casinos, Inc:

Century Casinos 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; operates the casinos aboard the Silver Wind,
Silver Cloud, Silver Whisper, The World of ResidenSea, and the
vessels of Oceania Cruises; owns 50% of, and provides technical
casino services to the Casino Millennium in the Marriott Hotel in
Prague, Czech Republic; owns 100% of, 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, including
the Company’s Form 8-K dated October 3, 2005, which contains 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, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (unaudited)
Amounts in US $ thousands, except for share information

Q4 2005 Q4 2004 Year 2005 Year 2004
Operating Revenue:
Casino $ 8,822 8,418 36,394 34,641
Hotel, food and beverage 1,111 1,125 4,522 4,322
Other 226 515 783 1,092
10,159 10,058 41,699 40,055
Less promotional
allowance 880 981 4,254 4,290
Net operating revenue 9,279 9,077 37,445 35,765
Operating Costs
and Expenses:
Casino 3,542 3,632 14,293 13,760
Hotel, food and beverage 692 889 2,776 3,134
General & administrative 2,868 2,420 11,073 8,925
Depreciation 712 880 3,349 2,993
Total operating costs
and expenses 7,814 7,821 31,491 28,812
Earnings (Loss) from
unconsolid. Subsidiary - 49 (109) 55
Earnings from Operations 1,465 1,305 5,845 7,008
Non-Operating
Income (Expense):
Interest income 354 40 476 168
Interest expense (670) (385) (2,290) (1,587)
Gain on foreign currency
translation and other 11 - 13 1
Non-operating items from
unconsolidated subsidiary - (3) (4) (5)
Non-operating expense, net (350) (348) (1,805) (1,423)
Earnings before Income
Taxes & Minority Interest: 1,160 957 4,040 5,585
Provision (benefit)
for income taxes (291) (539) 347 749
Earnings before
Minority Interest: 1,451 1,496 3,693 4,836
Minority interest in
subsidiary loss (earnings) 233 (42) 788 (98)
Net earnings: $ 1,684 1,454 4,481 4,738
Earnings Per Share:
Basic $ 0,08 0,11 0,28 0,35
Diluted $ 0,07 0,09 0,25 0,30
Reconciliation to
adjusted EBITDA* Q4 2005 Q4 2004 Year 2005 Year 2004
Net earnings 1,684 1,454 4,481 4,738
Minority interest (233) 42 (788) 98
Interest income (354) (40) (476) (168)
Interest expense 670 385 2,290 1,587
Income taxes (291) (539) 347 749
Depreciation 712 880 3,349 2,993
Adjusted EBITDA* $ 2,188 2,182 9,203 9,997

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

December 31,2005 December 31,2004
Assets
Current Assets $ 40,133 10,175
Other Assets 83,430 61,029
Total Assets $ 123,563 71,204
Liabilities and
Shareholder's Equity
Current Liabilities $ 9,639 8,267
Non-Current Liabilities 22,593 22,558
Shareholders' Equity 91,331 40,379
Total Liabilities and
Shareholders' Equity $ 123,563 71,204

Ende der Mitteilung euro adhoc 10.03.2006 10:00:00
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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.com
http://www.cnty.com

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