Century Casinos Re-Opens All Four of its Casinos in Alberta, Canada

Rhea-AI Summary

Century Casinos (Nasdaq: CNTY) announced the reopening of its casinos in Alberta, Canada on June 10, 2021, after being closed since December 13, 2020 due to COVID-19 restrictions. The reopened venues include Century Casino & Hotel Edmonton, Century Casino St. Albert, Century Mile Racetrack and Casino, and Century Downs Racetrack and Casino. Enhanced health protocols and social distancing measures are in place. The company cautions that future closures may occur, depending on government regulations. Its US and Polish casinos remain open.

Positive

• Reopening of all four casinos in Alberta enhances operations and potential revenue.
• Implementation of health and safety protocols may boost customer confidence.

Negative

• Future closures due to government regulations could impact ongoing operations and revenues.

COLORADO SPRINGS, Colo., June 10, 2021 /PRNewswire/ -- Century Casinos, Inc. (Nasdaq Capital Market®: CNTY) ("Century Casinos" or the "Company") announced that operations at Century Casino & Hotel Edmonton, Century Casino St. Albert, Century Mile Racetrack and Casino, Century Downs Racetrack and Casino and Century Sports Calgary reopened on June 10, 2021.

Casinos throughout Alberta were closed on December 13, 2020 to comply with a quarantine imposed by the Alberta government to contain the spread of COVID-19. The regulation lifting the lockdown for casinos includes social distancing practices and enhanced health and safety protocols based on Alberta Health Services guidelines. Details about these measures are available in the COVID-19 section of the properties' websites.

There is no assurance that the Alberta government will not require additional closures in the future. The Company's US and Polish casinos are open. In the future, if there is a change in the status of the Company's casinos, the Company will post the information on its website at www.cnty.com and via a current report on Form 8-K and also will report the current status of its casinos in its quarterly and annual reports on Form 10-Q and Form 10-K.  

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; the Century Mile Racetrack and Casino ("CMR") in Edmonton, Alberta, Canada; and Century Bets! Inc. ("CBS"). CBS and CMR operate the pari-mutuel off-track horse betting networks in southern and northern Alberta, respectively. Through its Austrian subsidiary, Century Resorts Management GmbH ("CRM"), 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 Century Downs Racetrack and Casino in Calgary, Alberta, Canada. The Company has an agreement to operate one ship-based casino. The Company, through CRM, also owns a 7.5% interest in, and provides consulting services to, Mendoza Central Entretenimientos S.A., a company that provides gaming-related services to Casino de Mendoza in Mendoza, Argentina. 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 "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. 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 the impact of the current coronavirus (COVID-19) pandemic on its reporting and operating segments and the Company overall. 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, 2020, and in subsequent periodic and current SEC filings we 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

When did Century Casinos reopen their Alberta casinos?

Century Casinos reopened their Alberta casinos on June 10, 2021.

What health measures are in place at Century Casinos in Alberta?

Enhanced health and safety protocols, including social distancing, are implemented based on Alberta Health Services guidelines.

What casinos are operated by Century Casinos in Alberta?

Century Casinos operates Century Casino & Hotel Edmonton, Century Casino St. Albert, Century Mile Racetrack and Casino, and Century Downs Racetrack and Casino in Alberta.

Are Century Casinos' other locations open?

Yes, Century Casinos' US and Polish casinos are currently open.

What risks are associated with the reopening of Century Casinos in Alberta?

The Alberta government may impose additional closures in the future, affecting operations.