EANS-News: Century Casinos Announces New Agreement with Nova Star Cruises
Geschrieben am 27-02-2014 |
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
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Company Information
Wien (euro adhoc) - COLORADO SPRINGS, Colorado, February 27, 2014 -
Century Casinos, Inc. (NASDAQ Capital Market® and Vienna Stock
Exchange: CNTY) announced today that the company and Nova Star
Cruises Ltd. signed an exclusive agreement about casino operations on
board the Nova Star.
Nova Star Cruises will operate a round trip cruise ferry service
connecting Portland, Maine and Yarmouth, Nova Scotia, providing a
high level of comfort and entertainment on this ferry route, which is
scheduled to start May 1, 2014. The project has the full support of
the Province of Nova Scotia, which pledged roughly USD 20 million
over seven years to restart the Maine - Nova Scotia cruise ferry
service.
Singapore Technologies Marine Ltd., a wholly owned subsidiary of
Singapore Technologies Engineering Ltd, an integrated engineering
group headquartered in Singapore and listed on the Singapore stock
exchange under the symbol SGX, built and owns the vessel and is also
a 10% shareholder in Nova Star Cruises.
The brand new Nova Star has a capacity of 1,215 passengers and 336
vehicles. With a wealth of amenities and entertainment options
onboard (luxury cabins, fine dining, casino, showroom, duty free
shopping, conference center, spa & fitness, art gallery), Nova Star
is the ideal vessel to meet the needs of a large number of passengers
during the ten-hour crossing between Yarmouth and Portland, by
providing a comfortable, highly appealing travel experience for all
ages and types of travelers. Century will fully equip and operate the
casino with 70 state of the art slot machines, live and electronic
table games, slot accounting and surveillance systems and furniture,
fixtures, and fittings. The initial term of the casino concession
agreement will run until October 2020. Commenting on the news, the
Company's Co CEOs Erwin Haitzmann and Peter Hoetzinger remarked: "We
are thrilled about the opportunity to run the casino on board the
Nova Star. We believe that the casino will be a popular amenity on
board the vessel leading to good returns for both Nova Star Cruises
as well as Century. This will further solidify Century's position as
the world-wide market leader in operating casinos on cruise vessels."
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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company: 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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