EANS-News: Century Casinos Applies for Casino License in Switzerland

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Company Information

Wien (euro adhoc) - March 7, 2011

Century Casinos Applies for Casino License in Switzerland

Colorado Springs, Colorado, March 7, 2011 - Century Casinos,
Inc. (NASDAQ Capital Market® and Vienna Stock Exchange: CNTY)
announced today that the company applied for a Casino license in
the Canton of Neuchâtel (Switzerland).

As one of four companies applying for the license, Century
Casinos is participating in the tender procedure for this concession
through its recently purchased 97%-owned subsidiary "Casino Les 3
Lacs SA". A decision by the Swiss government is expected in Q2 or
Q3 of this year. There is no assurance that the company will be
granted the concession by the Swiss government or, if granted, that
the company will be able to successfully develop the casino property.

The company expects a total investment amount of approx. $30
million if the casino concession will be granted. The casino would
be located at the busy intersection of highways 5 and 10, right
at the exit of La Tene and next to the well-established Ibis Hotel.
The newly built 21,000 square feet facility would include
underground car parking and offer up to 250 slot machines and 18
gaming tables. Main cities like Neuchâtel, Lausanne, Geneva and Bern
are all within a driving range of less than 90 minutes.

About Century Casinos, Inc.: Century Casinos, Inc. is an
international casino entertainment company that 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. The Company also operates casinos
aboard twelve luxury cruise vessels (Regatta, Insignia, Nautica,
Marina, Mein Schiff 1, Wind Surf, Wind Star, Wind Spirit, Seven
Seas Voyager, Seven Seas Mariner, Seven Seas Navigator and Silver
Cloud) and signed contracts for casinos on two additional ships
(Oceania Cruises´ Riviera and TUI Cruises´ Mein Schiff 2) that are
expected to start operations in the next months. 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 in Poland. The Company also
manages the casino at the Radisson Aruba Resort, Casino & Spa in
Aruba, Caribbean. 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® 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, expected competition, the impact of new
gaming laws, plans for our casinos and the impact of the
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 15, 2010. 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.

end of announcement euro adhoc
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ots Originaltext: Century Casinos,Inc.
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

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

Branche: Casinos & Gambling
ISIN: AT0000499900
WKN:
Index: WBI, ATX Prime
Börsen: Wien / official market