EANS-Adhoc: Century Casinos in Agreement to Purchase Additional 33% Ownership in Casinos Poland

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Company Information

11.10.2012

October 11, 2012

Century Casinos in Agreement to Purchase Additional 33% Ownership
in Casinos Poland

COLORADO SPRINGS, Colorado, October 11, 2012 - Century Casinos,
Inc. (NASDAQ Capital Market® and Vienna Stock Exchange: CNTY)
announced today that its subsidiary Century Casinos Europe GmbH,
signed an agreement with LOT Polish Airlines to acquire an
additional 33.3% ownership interest in Casinos Poland Ltd ("CPL"),
the owner and operator of eight casinos in Poland.

The transaction is subject to approval from the Polish Minister of
Finance and Polish Airports, the co-shareholder in CPL. There is
no assurance that the company will obtain the needed approvals or
as to the timing of such approvals. Upon closing of the transaction,
the company will execute the final agreement and own a 66.6%
ownership interest in CPL.

The latest available market data indicate that through the
eight casinos operated in major cities throughout Poland, CPL has a
46% share of the Polish casino market. For the 12 month period
ended June 30, 2012, CPL recorded net operating revenue of
approximately USD 46.5 million, EBITDA of approximately USD 5.9
million and net income of approximately USD 1.7 million (all based
on average PLN to USD exchange rates for the same period).

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, Nautica, Marina,
Riviera, Mein Schiff 1, Mein Schiff 2, Wind Surf, Wind Star, Wind
Spirit, Seven Seas Voyager, Seven Seas Mariner and Seven Seas
Navigator). 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 eight casinos in Poland. The
Company also manages the operations of 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 Section 27A of the Security 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 approvals required
for the CPL transaction, future results of operations, operating
efficiencies, synergies and operational performance, economic
improvements in 2012 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, 2011. 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.

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

end of announcement euro adhoc
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issuer: Century Casinos,Inc.
c/o Century Casinos Europe GmbH, Untere Viaduktgasse 2
A-1030 Wien
phone: +43/664/3553935
FAX: +43/1/5336363
mail: peter.hoetzinger@cnty.com
WWW: www.cnty.com
sector: Casinos & Gambling
ISIN: AT0000499900
indexes: WBI, ATX Prime
stockmarkets: official market: Wien
language: English