EANS-Adhoc: Century Casinos Completes Purchase of Additional 33% Ownership in Casinos Poland

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Mergers - Acquisitions - Takeovers/Company Information
09.04.2013

Colorado Springs, Colorado, April 9, 2013 - Century Casinos, Inc.
(NASDAQ Capital Market® and Vienna Stock Exchange: CNTY) announced
today that its subsidiary Century Casinos Europe GmbH signed the
final share sale agreement with LOT Polish Airlines and closed on the
transaction to purchase an additional 33.3% ownership interest in
Casinos Poland Ltd ("CPL"). Century Casinos, Inc. now owns a 66.6%
ownership interest in CPL.

CPL is the owner and operator of eight casinos throughout Poland with
a total of 317 slot machines and 77 gaming tables. As of the nine
months ended September 30, 2012, CPL had a 43% share of the Polish
casino market and is currently participating in other pending license
applications.

For the year ended December 31, 2012, CPL recorded net operating
revenue of USD 44.0 million, EBITDA of USD 4.5 million and net income
of USD 1.3 million (all based on average PLN to USD exchange rates
for the same period).

"We are very pleased with the closing of this transaction, which
represents another milestone in our company's history by
significantly increasing our scale and diversity. We expect this
acquisition to be immediately accretive and are very excited about
the growth potential it brings for our company," said Erwin Haitzmann
and Peter Hoetzinger, Co Chief Executive Officers of Century Casinos.
"The "Casinos Poland" brand is exceptionally strong as demonstrated
by a market share that consistently has been between 40% and 50% in
recent years" they continued.

As of today, Century Casinos, Inc. will begin consolidating CPL as a
majority- owned subsidiary with a controlling financial interest. The
Company will account for and report the 33.3% owned by CPL's
co-shareholder, State-owned Polish Airports, as a non-controlling
financial interest. Consolidation of CPL will increase the Company's
overall net operating revenue and operating costs and expense; the
Company previously reported its interest in CPL under the equity
method.

The purchase price of the investment was approximately $6.8 million,
financed with borrowings under the Company's Bank of Montreal Credit
Agreement.

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
66.6% 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 Casinos Poland Ltd., future results
of operations, operating efficiencies, synergies and operational
performance, 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, 2012. 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