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Colorado Springs, Colorado, February 6, 2009 - Century Casinos, Inc. (NASDAQ Capital MarketŪ and Vienna Stock Exchange: CNTY) announced today that its subsidiary Casinos Poland Ltd. began to retrofit all of the existing compatible slot machines at its flagship casino in the Marriott Hotel in Warsaw, Poland, to ticket-in, ticket-out (TITO) technology. In addition, new slot machines will also be attached to the TITO system.
Customers no longer have to handle coins or wait for an attendant for cash transactions at the slot machines. Furthermore, this coin-free system allows casino employees additional time for interaction with customers, thereby increasing the overall player experience. In this move designed to further enhance the guest experience and strengthen Casinos Poland's position as market leader in the Polish casino market, the company plans to install the TITO system at all of its locations throughout Poland.
Century Casinos holds a 33.3% stake in Casinos Poland Ltd. since March 2007. Casinos Poland is the market leader in Poland with a 50% share of the Polish casino market. The company owns and operates seven casinos in international four and five star hotels and one slot casino throughout Poland.
For further information about Casinos Poland Ltd. please visit the website under http://casinospoland.pl/en/index.php.
About Century Casinos, Inc.:
Century Casinos, Inc. is an international casino entertainment company that owns and operates the Womacks Casino and Hotel in Cripple Creek, Colorado, the Century Casino & Hotel in Central City, Colorado, the Century Casino & Hotel in Edmonton, Alberta, Canada, and the Century Casino Millennium in the Marriott Hotel in Prague, Czech Republic. The Company also operates casinos aboard the Silver Cloud and the vessels of Oceania Cruises and has an agreement to operate the casinos on all vessels (estimated to be three) put into service by TUI Cruises before December 31, 2012. Through its subsidiary Century Casinos Africa (Pty) Limited, it owns and operates The Caledon Hotel, Spa & Casino near Cape Town, South Africa, as well as 60% of, and provides technical casino services to, Century Casino Newcastle, in Newcastle, South Africa. Furthermore, the Company's Austrian subsidiary, Century Casinos Europe GmbH, holds a 33.3% ownership interest in Casinos Poland Ltd, the owner and operator of seven full casinos and one slot casino in Poland. The Company 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 MarketŪ and the Vienna Stock Exchange under the symbol CNTY.
This release may contain "forward-looking statements" within the meaning of 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 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 filed on March 17, 2008 and under Part II. Item 1A in our Quarterly Report on Form 10-Q filed on November 10, 2008. 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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