EANS-Adhoc: Century Casinos Receives Development Approvals for the "Century Downs Racetrack and Casino" Project in Calgary, Alberta, Canada

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other/Company Information
29.01.2014

COLORADO SPRINGS, Colorado, January 29, 2014 - Century Casinos, Inc.
(NASDAQ Capital Market® and Vienna Stock Exchange: CNTY) announced
today that the "Century Downs Racetrack and Casino" project received
master site development plan approval and the development permit from
Rocky View County.

With the development permit in place, construction at the site may
start at any time going forward. Stripping and grading is planned to
begin within the next few weeks, weather permitting.

The project has already received the racing license from Horse Racing
Alberta and also the Alberta Gaming and Liquor Commission ("AGLC")
has approved the project for development. Per regulation in Alberta,
the final casino license will be issued shortly before opening upon
final inspection by the AGLC.

Century Downs Racetrack and Casino is located less than one mile
north of the city limits of Calgary and 4.5 miles from the Calgary
International Airport. The location is ideally positioned exiting off
the Queen Elizabeth II Highway, which is the main corridor between
Calgary and Edmonton and one of the most heavily used highways in
Western Canada, next to the CrossIron Mills shopping mall, a major
regional attraction, and would capture both the north and the
northwest Calgary markets, which do not currently have a casino.

Commenting on the news, the Company's Co CEOs Erwin Haitzmann and
Peter Hoetzinger remarked: "We are excited about the go-ahead
received from Rocky View County and are grateful for the tremendous
support the project continues to receive from local and provincial
communities and regulatory authorities." Referring to the fourth
quarter results to-be-announced on March 31, they continued:
"Regional gaming revenues across North America suffered at the end of
2013 in virtually every market, as did our operations. Together with
higher corporate expenses associated with new project developments,
results for the fourth quarter 2013 will be behind expectations."

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 the REC project and financing,
timing and prospectus for the project, 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