Century Casinos Canadian Horse Racing Content Set for Global Distribution to Licensed Fixed Odds Wagering Operators

Rhea-AI Summary

Century Casinos has partnered with Betmakers' Global Racing Network to expand the distribution of its horse racing content from Century Downs Racetrack and Casino (CDR) and Century Mile Racetrack and Casino (CMR). Starting February 26, 2022, licensed global betting operators can now access CDR and CMR's thoroughbred and standardbred race content for wagering. This move aims to enhance the company's market presence, particularly in regions such as Australia and Asia, and attract new racing enthusiasts worldwide.

Positive

• Partnership with Betmakers' Global Racing Network enhances distribution of horse racing content.
• Access to new markets (Australian and Asian) for CDR and CMR's racing content.
• Potential to attract more global betting operators and racing fans.

Negative

• None.

COLORADO SPRINGS, Colo., Feb. 25, 2022 /PRNewswire/ -- Century Casinos, Inc. (Nasdaq Capital Market®: CNTY) ("Century Casinos" or the "Company"), announced today that its Canadian subsidiaries operating horse racetracks, doing business as Century Downs Racetrack and Casino ("CDR") and Century Mile Racetrack and Casino ("CMR"), have partnered with Betmakers' Global Racing Network for the distribution of CDR's and CMR's racing content as well as the facilitation of fixed odds wagering on the two racetracks' thoroughbred and standardbred horse races.

Beginning with the Century Downs Racetrack and Casino's 2022 Meet on February 26, 2022, licensed betting operators around the world (including the Australian and Asian markets that Century Casinos is currently not accessing) can now offer content from both CDR's and CMR's sites for betting.

The Century Casinos racetracks have established a reputation as premier destinations for horse racing fans in Canada, which will be strengthened further by expanding the Company's distribution to new markets and new racing enthusiasts all over the world through this Global Racing Network partnership.

About Century Casinos, Inc.:
Century Casinos, Inc. is a casino entertainment company. The Company owns and operates Century Casino & Hotels in Cripple Creek and Central City, Colorado, and in Edmonton, Alberta, Canada; the Century Casino in Cape Girardeau and Caruthersville, Missouri, and in St. Albert, Alberta, Canada; Mountaineer Casino, Racetrack & Resort in New Cumberland, West Virginia; and the Century Mile Racetrack and Casino ("CMR") in Edmonton, Alberta, Canada. Through its Austrian subsidiary, Century Resorts Management GmbH, the Company holds a 66.6% ownership interest in Casinos Poland Ltd., the owner and operator of eight casinos throughout Poland; and a 75% ownership interest in CDR in Calgary, Alberta, Canada. The Company has an agreement to operate two ship-based casinos. The Company has entered into a definitive agreement to acquire the Nugget Casino Resort in Reno-Sparks, Nevada. The Company continues to pursue other projects in various stages of development.

Century Casinos' common stock trades on The Nasdaq Capital Market® under the symbol CNTY.

For more information about Century Casinos, visit our website at www.cnty.com.

This release may contain certain "forward-looking statements" within the meaning of Section 27A of the Securities 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. Forward-looking statements may be identified by words such as "expect," "anticipate," "believe," "intend," "estimate," "plan," "target," "goal," or similar expressions, or future or conditional verbs such as "will," "may," "might," "should," "would," "could," or similar variations. 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, certain expectations, projections and anticipated benefits of the expanded distribution of our horse races to new markets. 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 forward-looking statements include, among others, risks described in the section entitled "Risk Factors" under Item 1A in the Company's Annual Report on Form 10-K for the year ended December 31, 2020, and in subsequent periodic and current SEC filings the Company may make. 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.

 

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SOURCE Century Casinos, Inc.

FAQ

What is the significance of Century Casinos' partnership with Betmakers?

The partnership allows Century Casinos to distribute its horse racing content globally, increasing market access.

When does the new betting access for Century Downs Racetrack begin?

The new betting access begins on February 26, 2022.

What are the expected benefits of the partnership for Century Casinos?

The partnership is expected to enhance market presence and attract new racing enthusiasts worldwide.

Which racetracks are involved in the distribution of the racing content?

The involved racetracks are Century Downs Racetrack and Casino and Century Mile Racetrack and Casino.

What type of races can be wagered on through this partnership?

Wagering can be done on thoroughbred and standardbred horse races from CDR and CMR.