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EANS-Adhoc: CORRECTION: Century Casinos Reports Financial Results for Third Quarter 2013 (with document)

Geschrieben am 21-11-2013

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Financial Figures/Balance Sheet/Company Information
21.11.2013

November 21, 2013

CORRECTION: Century Casinos Reports Financial Results for Third
Quarter 2013

Colorado Springs, Colorado, November 21, 2013 - Century Casinos,
Inc. (NASDAQ Capital Market® and Vienna Stock Exchange: CNTY)
announced today due to a mathematical error certain corrections
to a press release it issued on November 14, 2013. The corrections
did not change third quarter 2013 results and are the following:

1. On page two, Adjusted EBITDA for the nine months ended September 30,2013
has been changed from $14.588 million to $10.447 million.
2. On page five, Adjusted EBITDA for the nine months ended September 30,
2013 for the category Corporate Other has been changed from ($446)
million to ($4.587) million.
3. On pages eight and nine, non-cash stock based compensation for
the category Corporate Other has been changed from $1 thousand to $8
thousand for the three months ended September 30, 2013 and from $4
thousand to $11 thousand for the nine months ended September 30, 2013.

The November 14, 2013 earnings release that follows has been
corrected and restated in its entirety to reflect these corrections.

Century Casinos, Inc. Announces Third Quarter 2013 Results Colorado
Springs, Colorado - November 14, 2013 - Century Casinos, Inc.
(NASDAQ Capital Market® and Vienna Stock Exchange: CNTY) today
announced its financial results for the three and nine months ended
September 30, 2013.

Third Quarter 2013 Highlights*

- Net operating revenue was $28.8 million, a 54% increase compared to
the three months ended September 30, 2012.
- Adjusted EBITDA** was $3.3 million, a 20% increase from the three
months ended September 30, 2012.
- Net earnings were $1.1 million, a 10% decrease from the three months
ended September 30, 2012.
- Earnings per share were $0.04, a 20% decrease from the three months
ended September 30, 2012.

The period over period increases in net operating revenue and Adjusted EBITDA
relate primarily to the inclusion of operating results from Casinos Poland,
Ltd. (CPL) in the second quarter of 2013. In April 2013, the Company completed
the purchase of an additional 33.3% ownership interest in CPL. The Company now
owns a 66.6% ownership interest in CPL and consolidates CPL financial
information as a majority-owned subsidiary for which the Company has a
controlling financial interest. Prior to the acquisition of this additional
interest in CPL, the Company owned 33.3% of CPL and accounted for the CPL
ownership interest as an equity investment.

The period over period increases in net operating revenue and
Adjusted EBITDA relate primarily to the inclusion of operating
results from Casinos Poland, Ltd. (CPL) in the second quarter of
2013. In April 2013, the Company completed the purchase of an
additional 33.3% ownership interest in CPL. The Company now owns a
66.6% ownership interest in CPL and consolidates CPL financial
information as a majority-owned subsidiary for which the Company has
a controlling financial interest. Prior to the acquisition of this
additional interest in CPL, the Company owned 33.3% of CPL and
accounted for the CPL ownership interest as an equity investment.

| |For the Three Months |For the Nine Months |
|Amounts in thousands, |Ended September 30, |Ended September 30, |
|except per share data | | |
|Consolidated Results: |2013 |2012 |% |2013 |2012 |% |
| | | |Change| | |Change|
|Net operating revenue |$28,826|$18,723|54% |$75,164|$54,082|39% |
|Earnings from operations|1,370 |1,615 |(15%) |5,499 |4,882 |13% |
|Net earnings |1,073 |1,186 |(10%) |6,392 |3,467 |84% |
| | | | | | | |
|Adjusted EBITDA** |$3,346 |$2,795 |20% |$10,447|$8,440 |24% |
| | | | | | | |
|Earnings per share: | | | | | | |
|Basic |$0.04 |$0.05 |(20%) |$0.26 |$0.14 |86% |
|Diluted |$0.04 |$0.05 |(20%) |$0.26 |$0.14 |86% |
|Weighted average common | | | | | | |
|shares: | | | | | | |
|Basic |24,249 |24,117 | |24,334 |24,117 | |
|Diluted |24,413 |24,140 | |24,464 |24,318 | |

"We posted solid results in the third quarter, even though both our Colorado
operations and our casino in Calgary were significantly impacted by severe
floods in their feeder markets. We are also very excited about the progress we
made with the racetrack and casino project in Calgary", said Erwin Haitzmann
and Peter Hoetzinger, Co Chief Executive Officers of Century Casinos. 

Three Months and Nine Ended September 30, 2013 Results*
Net operating revenue increased by $10.1 million, or 54%, and increased by
$21.1 million, or 39% for the three and nine months ended September 30, 2013
compared to the three and nine months ended September 30, 2012. Following is a
summary of the changes in net operating revenue by property or category for the
three and nine months ended September 30, 2013 compared to the three and nine
months ended September 30, 2012:

| | |
| |Net Operating Revenue |
| |For the Three Months |For the Nine Months |
| | Ended September 30, |Ended September 30, |
| |2013/2012 |2013/2012 |
|Amounts in millions|Change |% Change |Change |% Change |
|Century Casino & |$0.0 |0% |$0.7 |4% |
|Hotel, Edmonton | | | | |
|Century Casino, |(0.4) |(18%) |(0.9) |(13%) |
|Calgary | | | | |
|Century Casino & |(0.5) |(10%) |(0.7) |(5%) |
|Hotel, Central City| | | | |
|Century Casino & |(0.1) |(2%) |0.0 |0% |
|Hotel, Cripple | | | | |
|Creek | | | | |
|Casinos Poland |11.1 |100% |21.9 |100% |
|Cruise Ships & |0.0 |(2%) |0.1 |2% |
|Other | | | | |
|Total |$10.1 |54% |$21.1 |39% |

Earnings from operations decreased by ($0.3) million, or (15%), and increased
by $0.6 million, or 13% for the three and nine months ended September 30, 2013
compared to the three and nine months ended September 30, 2012. Following is a
summary of the changes in earnings from operations by property or category for
the three and nine months ended September 30, 2013 compared to the three and
nine months ended September 30, 2012:

| | | | | |
| |Earnings from Operations | |
| |For the Three Months |For the Nine Months |
| | Ended September 30, |Ended September 30, |
| |2013/2012 |2013/2012 |
|Amounts in |Change |% Change |Change |% Change |
|millions | | | | |
|Century Casino & |$0.2 |11% |$0.9 |18% |
|Hotel, Edmonton | | | | |
|Century Casino, |0.2 |57% |0.4 |84% |
|Calgary | | | | |
|Century Casino & |(0.2) |(30%) |(0.4) |(21%) |
|Hotel, Central | | | | |
|City | | | | |
|Century Casino & |(0.1) |(12%) |0.3 |19% |
|Hotel, Cripple | | | | |
|Creek | | | | |
|Casinos Poland |(0.1) |(100%) |0.5 |100% |
|Cruise Ships & |(0.1) |(35%) |0.0 |5% |
|Other | | | | |
|Corporate Other |(0.2) |(15%) |(1.1) |(31%) |
|Total |($0.3) |(15%) |$0.6 |13% |

Net earnings decreased by ($0.1) million, or (10%), and increased by $2.9
million, or 84% for the three and nine months ended September 30, 2013 compared
to the three and nine months ended September 30, 2012. Following is a summary
of the changes in net earnings by property or category for the three and nine
months ended September 30, 2013 compared to the three and nine months ended
September 30, 2012:

| | | | | |
| |Net Earnings | |
| |For the Three Months |For the Nine Months |
| | Ended September 30, |Ended September 30, |
| |2013/2012 |2013/2012 |
|Amounts in millions|Change |% Change |Change |% Change |
|Century Casino & |$0.2 |15% |$1.0 |31% |
|Hotel, Edmonton | | | | |
|Century Casino, |0.2 |56% |$0.5 |98% |
|Calgary | | | | |
|Century Casino & |(0.2) |(30%) |(0.3) |(21%) |
|Hotel, Central City| | | | |
|Century Casino & |0.0 |(12%) |0.2 |19% |
|Hotel, Cripple | | | | |
|Creek | | | | |
|Casinos Poland |0.0 |100% |0.4 |100% |
|Cruise Ships & |(0.0) |(37%) |0.0 |4.7% |
|Other | | | | |
|Corporate Other |(0.3) |(43%) |1.1 |59% |
|Total |($0.1) |(10%) |$2.9 |84% |


Items deducted from or added to earnings from operations to arrive at net
earnings include gain on business combination related to the acquisition of the
additional ownership interest in CPL, interest income, interest expense, gains
on foreign currency transactions, income tax expense and non-controlling
interest.

Property and Category Results (in thousands)

The following are property and category results for net operating revenue and
Adjusted EBITDA.



| | | | |
| |For the Three |For the Three |For the Nine |For the Nine
| |Months |Months |Months |Months
| |Ended September|Ended September|Ended Sep |Ended Sep
| |30, |30, |30, |30,
| |2013 |2012 |2013 |2012 |2013 |2012 |2013 |2012
|Century Casino&| | | | | | | |
|Hotel, Edmonton|$6,095 |$6,091 |$2,137 |$1,958 |$18,756|$18,035|$6,757|$5,817
|Century Casino,| | | | | | | |
|Calgary |1,928 |2,337 |41 |(213) |6,392 |7,336 |603 |69
|Century Casino&| | | | | | | |
|Hotel, Central | | | | | | | |
|City |4,559 |5,057 |937 |1,202 |13,416 |14,147 |2,662 |3,160
|Century Casino&| | | | | | | |
|Hotel, Cripple | | | | | | | |
|Creek |3,311 |3,377 |776 |860 |9,374 |9,406 |2,339 |2,121
|Casinos Poland |11,115 |0 |734 |0 |21,985 |0 |1,875 |0
|Cruise Ships & | | | | | | | |
|Other |1,818 |1,861 |247 |313 |5,241 |5,158 |798 |773
|Corporate |0 |0 |(1,533)|(1,325)|0 |0 |(4,587)|(3,500
|Consolidated |$28,826|$17,791|$3,339 |$2,795 |$75,164|$54,082|$10,447|$8,440




Balance Sheet and Liquidity


As of September 30, 2013, the Company had $30.4 million in cash and cash
equivalents and $16.0 million in outstanding debt on its balance sheet compared
to $24.7 million in cash and cash equivalents and $3.6 million in debt
obligations at December 31, 2012. On February 21, 2013, the Company borrowed an
additional $7.3 million from its Bank of Montreal credit agreement to pay for
the additional 33.3% investment in CPL, which closed on April 8, 2013. The
credit agreement has a term of five years and is guaranteed by the Company.
Once repaid, these amounts cannot be reborrowed. As of September 30, 2013, the
Company had approximately $14.9 million available for borrowing under the
credit agreement. In addition, the Company had $6.2 million in outstanding debt
related to CPL as of September 30, 2013.

Conference Call Information

Today the Company will post a copy of the Form 10-Q filed with the SEC for the
quarter ended September 30, 2013 on its website at
http://corporate.cnty.com/investor-relations/sec-filings.


Century Casinos will host its third quarter 2013 earnings conference call today
at 7:00 am MDT; 3:00 pm CET, respectively. U.S. domestic participants should
dial 1-888-203-7667. For all other international participants, please use
719-234-0008 to dial-in. Participants may also listen to the call live or

obtain a recording of the call on the Company's website until
November 30, 2013 at
http://corporate.cnty.com/investor-relations/sec-filings.

| | | | | |
| | | | | |
| |For the Three |For the Nine |
| |Months |Months |
| |Ended September |Ended September |
| |30, |30, |
|Amounts in thousands, except for |2013 |2012 |2013 |2012 |
|per share information | | | | |
|Operating revenue: | | | | |
| Gaming |$26,758 |$16,778 |$68,603 |$47,746 |
| Hotel, bowling, food and beverage|3,141 |3,189 |9,554 |9,645 |
| Other |923 |1,041 |2,802 |3,086 |
| Gross revenue |30,822 |21,008 |80,959 |60,477 |
|Less: Promotional allowances |(1,996) |(2,285) |(5,795) |(6,395) |
|Net operating revenue |28,826 |18,723 |75,164 |54,082 |
|Operating costs and expenses: | | | | |
| Gaming |13,959 |7,954 |34,401 |22,645 |
| Hotel, bowling, food and beverage|2,691 |2,534 |7,787 |7,391 |
| General and administrative |9,121 |5,385 |22,678 |16,010 |
| Depreciation and amortization |1,685 |1,178 |4,671 |3,535 |
|Total operating costs and expenses |27,456 |17,051 |69,537 |49,581 |
|Earnings from equity investment |0 |(57) |(128) |381 |
|Earnings from operations | 1,370 | 1,615 | 5,499 | 4,882 |
|Non-operating income (expense): | | | | |
|Gain on business combination |0 |0 | 2,074 |0 |
| Interest income |7 |7 |18 |36 |
| Interest expense | (206) | (57) | (550) | (600) |
| Gains on foreign currency | 66 | (36) | 234 |(19) |
|transactions and other | | | | |
|Non-operating income (expense), net| (133) | (86) | 1,776 | (583) |
|Earnings before income taxes and | 1,237 | 1,529 | 7,275 | 4,299 |
|non-controlling interest | | | | |
|Income tax provision | 132 | 343 | 685 |832 |
|Net earnings | 1,105 | 1,186 | 6,590 | 3,467 |
|Less: Net earnings attributable to | 32 |0 | 198 |0 |
|non-controlling interest | | | | |
|Net earnings attributable to |$1,073 |$1,186 |$6,392 |$3,467 |
|Century Casinos, Inc. shareholders | | | | |
| | | | | |
|Earnings per share attributable to | | | | |
|Century Casinos, Inc.: | | | | |
| Basic |$0.04 |$0.05 |$0.26 |$0.14 |
| Diluted |$0.04 |$0.05 |$0.26 |$0.14 |


CENTURY CASINOS, INC. AND SUBSIDIARIES
FINANCIAL INFORMATION - US GAAP BASIS


| | | |
|Century Casinos, Inc. | | |
|Condensed Consolidated Balance Sheets | | |
|(Amounts in thousands) | | |
| |September |December |
| |30, |31, |
| |2013 |2012 |
|Assets | | |
|Current assets |$33,333 |$26,535 |
|Property and equipment, net |113,726 |99,526 |
|Other assets |22,283 |11,275 |
|Total assets |$169,342 |$137,336 |
| | | |
|Liabilities and Shareholders' Equity | | |
|Current liabilities |$27,205 |$13,071 |
|Non-current liabilities |13,591 |6,109 |
|Shareholders' equity |128,546 |118,156 |
|Total liabilities and shareholders' equity |$169,342 |$137,336 |




CENTURY CASINOS, INC. AND SUBSIDIARIES
SUPPLEMENTAL INFORMATION


Century Casinos, Inc.
Adjusted EBITDA Margins * by Property or Category (Unaudited)



| | | | | |
| |For the Three Months|For the Nine Months|
| |Ended September 30, |Ended September 30,|
| |2013 |2012 |2013 |2012 |
|Century Casino & Hotel, | | | | |
|Edmonton |35% |32% |36% |32% |
|Century Casino, Calgary |2% |(9%) |9% |1% |
|Century Casino & Hotel, | | | | |
|Central City |21% |24% |20% |22% |
|Century Casino & Hotel, | | | | |
|Cripple Creek |23% |25% |25% |23% |
|Casinos Poland |7% |0% |9% |0% |
|Cruise Ships & Other |14% |17% |15% |15% |
|Consolidated Adjusted EBITDA | | | | |
|Margin |12% |15% |19% |16% |



Reconciliation of Adjusted EBITDA * to Net Earnings (Loss) by Property or
Category For the three months ended September 30, 2013



Amounts in thousands




| |Three Months Ended September 30, 2013 |
| |Edmonton|Calgary|Central|Cripple|Casinos|Cruise|Corpor |Total |
| | | |City |Creek |Poland |Ships&|ate | |
| | | | | | |Other | | |
|Net | | | | | | | | |
|earnings | | | | | | | | |
|(loss) |$1,296 |($177) |$385 |$330 |$62 |$125 |($948) |$1,073|
|Interest | | | | | | | | |
|income |0 |0 |0 |0 |(1) |0 |(6) |(7) |
|Interest | | | | | | | | |
|expense |114 |0 |0 |1 |88 |0 |3 |206 |
|Income | | | | | | | | |
|taxes | | | | | | | | |
|(benefit) |464 |(10) |237 |203 |(174) |17 |(605) |132 |
|Depreciation| | | | | | | | |
|and | | | | | | | | |
|amortization|258 |228 |315 |242 |512 |101 |29 |1,685 |
|Non- | | | | | | | | |
|controlling | | | | | | | | |
|interest |0 |0 |0 |0 |32 |0 |0 |32 |
|Non-cash | | | | | | | | |
|stock based | | | | | | | | |
|compensation|0 |0 |0 |0 |0 |0 |8 |8 |
|Foreign | | | | | | | | |
|currency | | | | | | | | |
|losses | | | | | | | | |
|(gains) |5 |0 |0 |0 |(64) |0 |(7) |(66) |
|(Gain) loss | | | | | | | | |
|on | | | | | | | | |
|disposition | | | | | | | | |
|of fixed | | | | | | | | |
|assets |0 |0 |0 |0 |279 |4 |0 |283 |
|Adjusted | | | | | | | | |
|EBITDA* |$2,137 |$41 |$937 |$776 |$734 |$247 |($1,526)|$3,346|




| |Three Months Ended September 30, 2012 |
| |Edmonton|Calgary|Central|Cripple|Cruise|Corpor |Total |
| | | |City |Creek |Ships&|ate | |
| | | | | |Other | | |
|Net earnings | | | | | | | |
|(loss) |$1,127 |($399) |$550 |$375 |$198 |($665) |$1,186|
|Interest income |(3) |(1) |0 |0 |0 |(3) |(7) |
|Interest expense|57 |0 |0 |0 |0 |0 |57 |
|Income taxes | | | | | | | |
|(benefit) |485 |(50) |336 |230 |20 |(678) |343 |
|Depreciation and| | | | | | | |
|amortization |260 |217 |319 |255 |96 |31 |1,178 |
|Non-cash stock | | | | | | | |
|stock based | | | | | | | |
|compensation |0 |0 |0 |0 |0 |2 |2 |
|Foreign currency| | | | | | | |
|losses (gains) |30 |19 |0 |0 |(1) |(12) |36 |
|(Gain) loss on | | | | | | | |
|disposition of | | | | | | | |
|fixed assets |2 |1 |(3) |0 |0 |0 |0 |
|Adjusted EBITDA*|$1,958 |($213) |$1,202 |$860 |$313 |($1,325)|$2,795|



Reconciliation of Adjusted EBITDA * to Net Earnings (Loss) by Property or
Category
For the nine months ended September 30, 2013


Amounts in thousands


| |Nine Months Ended September 30, 2013 |
| |Edmonton|Calgary|Central|Cripple|Casinos|Cruise|Corpor |Total |
| | | |City |Creek |Poland |Ships&|ate | |
| | | | | | |Other | | |
|Net | | | | | | | | |
|earnings | | | | | | | | |
|(loss) |$4,312 |($9) |$1,048 |$1,005 |$395 |$433 |($792) |$6,392 |
|Interest | | | | | | | | |
|income |0 |0 |0 |0 |(2) |0 |(16) |(18) |
|Interest | | | | | | | | |
|expense |325 |0 |0 |2 |226 |(3) |0 |550 |
|Income | | | | | | | | |
|taxes | | | | | | | | |
|(benefit) |1,362 |(75) |642 |615 |(186) |59 |(1,732)|685 |
|Depreciation| | | | | | | | |
|and | | | | | | | | |
|amortization|775 |691 |977 |717 |1,119 |302 |90 |4,671 |
|Non- | | | | | | | | |
|controlling | | | | | | | | |
|interest |0 |0 |0 |0 |198 |0 |0 |198 |
|Non-cash | | | | | | | | |
|stock based | | | | | | | | |
|compensation|0 |0 |0 |0 |0 |0 |4 |4 |
|Foreign | | | | | | | | |
|currency | | | | | | | | |
|losses | | | | | | | | |
|(gains) |(17) |(4) |0 |0 |(138) |(1) |(74) |(234) |
|(Gain) loss | | | | | | | | |
|on | | | | | | | | |
|disposition | | | | | | | | |
|of fixed | | | | | | | | |
|assets |0 |0 |(5) |0 |263 |8 |0 |266 |
|Gain on | | | | | | | | |
|business | | | | | | | | |
|combination |0 |0 |0 |0 |0 |0 |(2,074)|(2,074)|
|Adjusted | | | | | | | | |
|EBITDA* |$6,757 |$603 |$2,662 |$2,339 |$1,875 |$798 |($4,587)|$10,447|




| |Nine Months Ended September 30, 2012 |
| |Edmonton|Calgary|Central|Cripple|Cruise|Corpor |Total |
| | | |City |Creek |Ships&|ate | |
| | | | | |Other | | |
|Net earnings | | | | | | | |
|(loss) |$3,281 |($486) |$1,323 |$844 |$420 |($1,915)|$3,467|
|Interest income |(12) |(1) |0 |0 |0 |(23) |(36) |
|Interest expense|598 |0 |0 |0 |0 |2 |600 |
|Income taxes | | | | | | | |
|(benefit) |1,178 |(80) |812 |517 |44 |(1,639) |832 |
|Depreciation and| | | | | | | |
|amortization |746 |631 |1,021 |760 |291 |86 |3,535 |
|Non-cash stock | | | | | | | |
|stock based | | | | | | | |
|compensation |0 |0 |0 |0 |0 |0 |0 |
|Foreign currency| | | | | | | |
|losses (gains) |24 |4 |0 |0 |2 |(11) |19 |
|(Gain) loss on | | | | | | | |
|disposition of | | | | | | | |
|fixed assets |2 |1 |4 |0 |16 |0 |23 |
|Adjusted EBITDA*|$5,817 |$69 |$3,160 |$2,121 |$773 |($3,500)|$8,440|


* The Company defines Adjusted EBITDA as net earnings (loss) before interest,
income taxes (benefit), depreciation, amortization, pre-opening
expenses,non-cash stock based compensation charges, asset impairment costs,
(gains) losses on disposition of fixed assets, discontinued operations,
realized foreign currency (gains) losses, gain on business combination and
certain other one-time items. Intercompany transactions consisting primarily
of management and royalty fees and interest, along with their related tax
effects, are excluded from the presentation of net earnings and Adjusted
EBITDA reported for each property. Not all of the aforementioned items occur
in each reporting period, but have been included in the definition based on
historical activity. These adjustments have no effect on the consolidated
results as reported under accounting principles generally accepted in the
United States of America ("US GAAP"). Adjusted EBITDA is not considered a
measure of performance recognized under US GAAP. Management believes that
Adjusted EBITDA is a valuable measure of the relative performance of its
properties and the Company. 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
above mentioned items 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 the Company's lending
institution 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 within the gaming industry. Please see
the reconciliation of Adjusted EBITDA to net earnings (loss) above.


** The Company defines Adjusted EBITDA margin as Adjusted EBITDA divided by
net operating revenue. Management uses this margin as one of several measures
to evaluate the efficiency of the Company's casino operations.




CENTURY CASINOS, INC. AND SUBSIDIARIES
SUPPLEMENTAL INFORMATION



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 nine 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 future results of operations (including
results for Casinos Poland, Ltd.), operating efficiencies, synergies and
operational performance, economic improvements in 2013, debt repayment 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 30, 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.

Attachments with Announcement:
----------------------------------------------
http://resources.euroadhoc.com/us/SutZikaB

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
--------------------------------------------------------------------------------

Attachments with Announcement:
----------------------------------------------
http://resources.euroadhoc.com/us/SutZikaB


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


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