EANS-News: Century Casinos, Inc. Announces Third Quarter 2014 Results (with document)

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Company Information

Colorado Springs, Colorado - November 14, 2014 - Century Casinos,
Inc. (NASDAQ Capital Market® : CNTY) today announced its financial
results for the three and nine months ended September 30, 2014.

Third Quarter 2014 Highlights*

- Net operating revenue was $28.1 million, a 2% decrease from the three
months ended September 30, 2013.
- Adjusted EBITDA** was $2.9 million, a 14% decrease from the three months
ended September 30, 2013.
- Net earnings attributable to Century Casinos, Inc. shareholders were
$0.8 million, a 26% decrease from the three months ended
September 30, 2013.
- Earnings per share were $0.03.
- Book value per share *** at September 30, 2014 was $4.92.

| |For the Three Months |For the Nine Months |
|Amounts in thousands, |Ended September 30 , |Ended September 30, |
|except per share data | | |
|Consolidated Results: |2014 |2013 |% |2014 |2013 |% |
| | | |Change| | |Change|
|Net operating revenue |$28,123|$28,826|(2%) |$88,790|75,164|18% |
|Earnings from operations|715 |1,370 |(48%) |2,020 |5,499 |(63%) |
|Net earnings |796 |1,073 |(26%) |1,462 |6,392 |(77%) |
| | | | | | | |
|Adjusted EBITDA** |$2,881 |$3,346 |(14%) |8,806 |10,447|(16%) |
| | | | | | | |
|Earnings per share: | | | | | | |
|Basic |$0.03 |$0.04 |(25%) |$0.06 |$0.26 |(77%) |
|Diluted |$0.03 |$0.04 |(25%) |$0.06 |$0.26 |(77%) |
|Weighted average common | | | | | | |
|shares: | | | | | | |
|Basic |24,381 |24,249 | |24,380 |24,334| |
|Diluted |24,417 |24,413 | |24,419 |24,464| |

"In a challenging consumer environment, we delivered positive results
for the quarter in Edmonton, Calgary, Aruba and with our cruise ship
casinos. Results were flat in Cripple Creek, while results in Central
City and Poland were lagging behind", Erwin Haitzmann and Peter
Hoetzinger, Co Chief Executive Officers of Century Casinos, said. "We
are excited about our new project in Argentina and also very pleased
with the construction of the Century Downs Racetrack and Casino,
which remains on time and on budget", they continued.

On October 31, 2014, the Company purchased a 7.5% interest in Mendoza
Central Entretenimientos S.A., a company formed in Argentina ("MCE").
MCE leases slot machines and provides related services to Casino de
Mendoza, located in Mendoza, Argentina. In addition, MCE intends to
pursue other land-based and online gaming opportunities throughout
Argentina and Latin America. The Company and MCE have entered into a
consulting service agreement, pursuant to which the Company will
provide advice to MCE on casino matters.

On November 5, 2014, the Company announced that it had amended its
concession agreement with TUI Cruises to include the Mein Schiff 4.
The 2,500-guest ship is currently being built and is scheduled to
commence operations in June 2015.

Three and Nine Months Ended September 30, 2014 Results*

Net operating revenue decreased by ($0.7) million, or (2%), and
increased by $13.6 million, or 18%, for the three and nine months
ended September 30, 2014 compared to the three and nine months ended
September 30, 2013. Following is a summary of the changes in net
operating revenue by property or category for the three and nine
months ended September 30, 2014 compared to the three and nine months
ended September 30, 2013:

| | |
| | Net Operating Revenue |
| |For the Three Months |For the Nine Months |
| |Ended September 30, |Ended September 30, |
| |2014/2013 |2014/2013 |
|Amounts in millions|Change |% Change |Change |% Change |
|Century Casino & |$0.0 |1% |$(0.3) |(1%) |
|Hotel, Edmonton | | | | |
|Century Casino, |0.1 |7% |0.2 |3% |
|Calgary | | | | |
|Century Casino & |(0.5) |(11%) |(1.3) |(10%) |
|Hotel, Central City| | | | |
|Century Casino & |(0.1) |(3%) |(1.0) |(11%) |
|Hotel, Cripple | | | | |
|Creek | | | | |
|Casinos Poland |(0.7) |(6%) |15.1 |69% |
|Cruise Ships & | | | | |
|Other |0.4 |20% |0.5 |9% |
|Century Downs | | | | |
|Racetrack & Casino |0.1 |100% |0.5 |100% |
|Total |$(0.7) |(2%) |13.6 |18% |

Earnings from operations decreased by ($0.7) million, or (48%), and decreased by
($3.5) million, or (63%), for the three and nine months ended September 30, 2014
compared to the three and nine months ended September 30, 2013. Following is a
summary of changes in earnings from operations by property or category for the
three and nine months ended September 30, 2014 compared to the three and nine
months ended September 30, 2013:

| | |
| | Earnings from Operations |
| |For the Three Months |For the Nine Months |
| |Ended September 30, |Ended September 30, |
| |2014/2013 |2014/2013 |
|Amounts in millions|Change |% Change |Change |% Change |
|Century Casino & |$0.1 |7% |$0.0 |0% |
|Hotel, Edmonton | | | | |
|Century Casino, |0.2 |85% |0.2 |176% |
|Calgary | | | | |
|Century Casino & |(0.3) |(56%) |(0.7) |(43%) |
|Hotel, Central City| | | | |
|Century Casino & |0.0 |(0%) |(0.8) |(50%) |
|Hotel, Cripple | | | | |
|Creek | | | | |
|Casinos Poland |(0.5) |(895%) |(1.6) |(330%) |
|Cruise Ships & | | | | |
|Other |0.1 |57% |(0.1) |(12%) |
|Century Downs | | | | |
|Racetrack & Casino |(0.1) |(100%) |(0.1) |(100%) |
|Corporate |(0.1) |(6%) |(0.4) |(8%) |
|Total |$(0.7) |(48%) |(3.5) |(63%) |

Net earnings decreased by ($0.3) million, or (26%), and decreased by ($4.9)
million, or (77%), for the three and nine months ended September 30, 2014
compared to the three and nine months ended September 30, 2013. Following is a
summary of the changes in net earnings (loss) by property or category for the
three and nine months ended September 30, 2014 compared to the three and nine
months ended September 30, 2013:

| | |
| | Net Earnings |
| |For the Three Months |For the Nine Month |
| |Ended September 30, |Ended September 30, |
| |2014/2013 |2014/2013 |
|Amounts in millions|Change |% Change |Change |% Change |
|Century Casino & |$0.2 |13% |$0.0 |1% |
|Hotel, Edmonton | | | | |
|Century Casino, |0.2 |135% |0.2 |1744% |
|Calgary | | | | |
|Century Casino & |(0.2) |(56%) |(0.5) |(43%) |
|Hotel, Central City| | | | |
|Century Casino & |0.0 |0% |(0.5) |(50%) |
|Hotel, Cripple | | | | |
|Creek | | | | |
|Casinos Poland |(0.3) |(495%) |(1.0) |(242%) |
|Cruise Ships & | | | | |
|Other |0.1 |59% |(0.1) |(15%) |
|Century Downs | | | | |
|Racetrack & Casino |0.0 |100% |0.0 |(100%) |
|Corporate |(0.3) |27% |(3.1) |(393%) |
|Total |$(0.3) |(26%) |(4.9) |(77%) |

Items deducted from or added to earnings from operations to arrive at net
earnings (loss) include interest income, interest expense, gains on foreign
currency transactions, gain on business combination, income tax expense and
non-controlling interests.

The period over period increase in net operating revenue and decrease in net
earnings for the nine months ended September 30, 2014 compared to the nine
months ended September 30, 2013 primarily relate to the inclusion of operating
results from Casinos Poland Ltd. ("Casinos Poland" or "CPL") in the second
quarter of 2013 as a result of the Company's purchase of an additional 33.3%
ownership interest in CPL in April 2013. Prior to the acquisition of this
additional interest in CPL, the Company owned 33.3% of CPL and accounted for the
CPL ownership interest as an equity investment. CPL contributed $37.1 million in
net operating revenue and $0.6 million in net losses from January 1, 2014
through September 30, 2014. In addition, the consolidation of United Horsemen of
Alberta, Inc. dba Century Downs Racetrack and Casino ("CDR") as of November 29,
2013 as a minority owned subsidiary for which we have a controlling financial
interest affects the comparability of 2014 and 2013 financial results. CDR
contributed $0.5 million in net operating revenue and less than $0.1 million in
net losses from January 1, 2014 through September 30, 2014.

During the second quarter of 2013, the Company recognized a gain of $2.1 million
as a result of measuring at fair value its initial 33.3% ownership interest in
CPL held prior to the acquisition date. As a result, the Corporate Other
category reported net losses of ($0.8) million for the nine months ended
September 30, 2013.

Property and Category Results (in thousands)*
The following are property and category results for net operating revenue and
Adjusted EBITDA**.

{ Table with details in attached pdf }

Balance Sheet and Liquidity
As of September 30, 2014, the Company had $27.3 million in cash and cash
equivalents and $38.6 million in outstanding debt on its balance sheet compared
to $27.4 million in cash and cash equivalents and $34.1 million in debt
obligations at December 31, 2013. The $38.6 million in outstanding debt includes
$7.4 million related to CPL, $17.4 million related to a long-term land lease by
CDR and $13.8 million related to the Company's Bank of Montreal credit agreement
("BMO Credit Agreement").

On August 15, 2014, the Company, through its Canadian subsidiaries,
entered into an amended and restated BMO Credit Agreement that
increased the principal amount of the loan from CAD 28.0 million to
CAD 39.1 million (or from $25.0 million to $34.9 million in US
Dollars based on the exchange rate in effect on September 30, 2014).
The shares of the Company's subsidiaries in Edmonton and Calgary and
the Company's 15% interest in CDR are pledged as collateral for the
BMO Credit Agreement.

Conference Call Information

Today the Company will post a copy of the quarterly report on Form
10-Q filed with the SEC for the quarter ended September 30, 2014 on
its website at
http://corporate.cnty.com/investor-relations/sec-filings.

Century Casinos will host its third quarter 2014 earnings conference
call today at 8:00 am MST; 4:00 pm CET, respectively. U.S. domestic
participants should dial 1-844-244-9160. For all international
participants, please use 330-931-4670 to dial-in. Participants may
listen to the call live at
https://centurycasinos.adobeconnect.com/earningsrelease or obtain a
recording of the call on the Company's website until November 30,
2014 at http://corporate.cnty.com/investor-relations/sec-filings.

(continued)
CENTURY CASINOS, INC. AND SUBSIDIARIES
FINANCIAL INFORMATION - US GAAP BASIS (unaudited)

Century Casinos, Inc.
Condensed Consolidated Statements of Earnings (unaudited)

| |For the Three |For the Nine |
| |Months Ended |Months Ended |
| |September 30, |September 30, |
|Amounts in thousands, except for |2014 |2013 |2014 |2013 |
|per share information | | | | |
|Operating revenue: | | | | |
|Net operating revenue |$28,123 |$28,826 |$88,790 |$75,164 |
|Operating costs and expenses: | | | | |
|Total operating costs and expenses |27,408 |27,456 |86,770 |69,537 |
|(Loss) form equity investment |0 |0 |0 |(128) |
|Earnings from operations |715 |1,370 |2,020 |5,499 |
|Non-operating income(expense), net|(496) |(133) |(1,643) |1,776 |
|Earnings before income taxes |219 |1,237 |377 |7,275 |
|Income tax provision |138 |132 |786 |685 |
|Net earnings (loss) |81 |1,105 |(409) |6,590 |
|Net loss (earnings) attributable to|715 |(32) |1,871 |(198) |
|non-controlling interest | | | | |
|Net earnings attributable to |$796 |$1,073 |$1,462 |$6,392 |
|Century Casinos, Inc. shareholders | | | | |
| | | | | |
|Earnings per share attributable to | | | | |
|Century Casinos, Inc. - basic and | | | | |
|diluted: | | | | |
| Basic |$0.03 |$0.04 |$0.06 |$0.26 |
| Diluted |$0.03 |$0.04 |$0.06 |$0.26 |

Century Casinos, Inc.
Condensed Consolidated Balance Sheets

(Amounts in thousands)

| | | |

|Century Casinos, Inc. | | |

|Condensed Consolidated Balance Sheets | | |
|(Amounts in thousands) | | |
| |September |December |
| |30, |31, |
| |2014 |2013 |
|Assets | | |
|Current assets |$32,370 |$32,360 |
|Property and equipment, net |132,797 |132,639 |
|Other assets |23,330 |25,625 |
|Total assets |$188,497 |$190,624 |
| | | |
|Liabilities and Shareholders' Equity | | |
|Current liabilities |$27,344 |$26,801 |
|Non-current liabilities |36,311 |34,373 |
|Shareholders' equity |124,842 |129,450 |
|Total liabilities and shareholders' equity |$188,497 |$190,624 |

Century Casinos, Inc.
Adjusted EBITDA Margins ** by Property or Category (unaudited)

| | |
| |For the Three Months|For the Nine Months
| |Ended September 30, |Ended September 30,
| |2014 |2014 |2014 |2013
|Century Casino & Hotel, Edmonton |37% |35% |36% |36%
|Century Casino, Calgary |10% |2% |12% |9%
|Century Casino & Hotel, Central City |15% |21% |16% |20%
|Century Casino & Hotel, Cripple Creek|26% |23% |20% |25%
|Casinos Poland |2% |7% |5% |9%
|Cruise Ships & Other |17% |14% |14% |15%
|United Horsemen Alberta |(100%) |N/A *** |(35%) |N/A ***
|Consolidated Adjusted EBITDA Margin |10% |12% |10% |14%

*** The Company began consolidating CDR as a minority owned subsidiary for which
it has a controlling financial interest on November 29, 2013.

Reconciliation of Adjusted EBITDA * to Net Earnings (Loss) by Property or
Category
For the three months ended September 30, 2014

Amounts in thousands

| |Three Months Ended September 30, 2014 |
| |Edmon-|Cal- |Cent-|Crip-|Casinos|Cruise|Centur|Corpor |Total |
| |ton |gary |ral |ple |Poland |Ships&|Downs |ate | |
| | | |City |Creek| |Other |Racetr| | |
| | | | | | | |Casino| | |
|Net | | | | | | | | | |
|earnings | | | | | | | | | |
|(loss) |$1,467|$61 |$170 |$331 |$(245) |$199 |$20 |($1,207)|$796 |
|Interest | | | | | | | | | |
|income |0 |0 |0 |0 |(5) |0 |0 |(6) |(11) |
|Interest | | | | | | | | | |
|expense |121 |0 |0 |0 |94 |0 |491 |1 |707 |
|Income | | | | | | | | | |
|taxes | | | | | | | | | |
|(benefit) |432 |(87) |105 |202 |(135) |24 |42 |(445) |138 |
|Depreciation| | | | | | | | | |
|and | | | | | | | | | |
|amortization|258 |229 |340 |307 |725 |147 |0 |44 |2,050 |
|Non- | | | | | | | | | |
|controlling | | | | | | | | | |
|interest |0 |0 |0 |0 |(121) |0 |(594) |0 |(715) |
|Non-cash | | | | | | | | | |
|stock based | | | | | | | | | |
|compensation|0 |0 |0 |0 |0 |0 |0 |14 |14 |
|Foreign | | | | | | | | | |
|currency | | | | | | | | | |
|losses | | | | | | | | | |
|(gains) |(17) |(2) |0 |0 |(155) |0 |(28) |2 |(200) |
|(Gain) loss | | | | | | | | | |
|on | | | | | | | | | |
|disposition | | | | | | | | | |
|of fixed | | | | | | | | | |
|assets |0 |0 |0 |0 |(12) |0 |0 |0 |(12) |
|Impairments | | | | | | | | | |
|and other | | | | | | | | | |
|write-offs |0 |0 |0 |0 |114 |0 |0 |0 |114 |
|Adjusted | | | | | | | | | |
|EBITDA* |$2,261|$201 |$615 |$840 |$260 |$370 |$(69) |($1,597)|$2,881|

Century Casinos, Inc.
Reconciliation of Adjusted EBITDA * to Net Earnings (Loss) by Property or
Category
For the three months ended September 30, 2013

| |Three Months Ended September 30, 2013 |
| |Edmonton|Calgary|Central|Cripple|Casinos|Cruise|Corpor |Total |
| | | |City |Creek |Poland |Ships&|ate | |
| | | | | | |Other | | |
|Net | | | | | | | | |
|earnings | | | | | | | | |
|(loss) |$1,296 |($177) |$385 |$330 |$62 |$125 |($948) |$1,073|
|Interest | | | | | | | | |
|income |0 |0 |0 |0 |(1) |0 |(6) |(7) |
|Interest | | | | | | | | |
|expense |114 |0 |0 |1 |88 |0 |3 |206 |
|Income | | | | | | | | |
|taxes | | | | | | | | |
|(benefit) |464 |(10) |237 |203 |(174) |17 |(605) |132 |
|Depreciation| | | | | | | | |
|and | | | | | | | | |
|amortization|258 |228 |315 |242 |512 |101 |29 |1,685 |
|Non- | | | | | | | | |
|controlling | | | | | | | | |
|interest |0 |0 |0 |0 |32 |0 |0 |32 |
|Non-cash | | | | | | | | |
|stock based | | | | | | | | |
|compensation|0 |0 |0 |0 |0 |0 |8 |8 |
|Foreign | | | | | | | | |
|currency | | | | | | | | |
|losses | | | | | | | | |
|(gains) |5 |0 |0 |0 |(64) |0 |(7) |(66) |
|(Gain) loss | | | | | | | | |
|on | | | | | | | | |
|disposition | | | | | | | | |
|of fixed | | | | | | | | |
|assets |0 |0 |0 |0 |279 |4 |0 |283 |
|Adjusted | | | | | | | | |
|EBITDA* |$2,137 |$41 |$937 |$776 |$734 |$247 |($1,526)|$3,346|

Reconciliation of Adjusted EBITDA * to Net Earnings (Loss) by Property or
Category
For the nine months ended September 30, 2014

| |Nine Months September June 30, 2014 |
| |Edmon-|Cal- |Cent-|Crip-|Casinos|Cruise|Centur|Corpor |Total |
| |ton |gary |ral |ple |Poland |Ships&|Downs |ate | |
| | | |City |Creek| |Other |Racetr| | |
| | | | | | | |Casino| | |
|Net | | | | | | | | | |
|earnings | | | | | | | | | |
|(loss) |$4,334|$148 |$598 |$505 |$(561) |$370 |($24) |($3,908)|$1,462 |
|Interest | | | | | | | | | |
|income |0 |0 |0 |0 |(37) |0 |0 |(35) |(72) |
|Interest | | | | | | | | | |
|expense |325 |0 |0 |0 |288 |0 |1,473 |4 |2,090 |
|Income | | | | | | | | | |
|taxes | | | | | | | | | |
|(benefit) |1,382 |(68) |367 |309 |(266) |58 |86 |(1,122) |786 |
|Depreciation| | | | | | | | | |
|and | | | | | | | | | |
|amortization|743 |689 |940 |835 |2,141 |356 |0 |116 |5,820 |
|Non- | | | | | | | | | |
|controlling | | | | | | | | | |
|interest |0 |0 |0 |0 |(279) |0 |(1,592)|0 |(1,871)|
|Non-cash | | | | | | | | | |
|stock based | | | | | | | | | |
|compensation|0 |0 |0 |0 |0 |0 |0 |57 |57 |
|Foreign | | | | | | | | | |
|currency | | | | | | | | | |
|losses | | | | | | | | | |
|(gains) |(45) |(13) |0 |0 |(320) |1 |(11) |13 |(375) |
|(Gain) loss | | | | | | | | | |
|on | | | | | | | | | |
|disposition | | | | | | | | | |
|of fixed | | | | | | | | | |
|assets |0 |0 |1 |0 |784 |3 |0 |0 |788 |
|Impairments | | | | | | | | | |
|and other | | | | | | | | | |
|write-offs |0 |0 |0 |0 |224 |0 |(103) |0 |121 |
|Adjusted | | | | | | | | | |
|EBITDA* |$6,739|$756 |$1,906|$1,649|$2,014|$788 |$(171)|($4,875)|$8,806 |

Century Casinos, Inc.
Reconciliation of Adjusted EBITDA * to Net Earnings (Loss) by Property or
Category
For the nine months ended September 30, 2013

| |Nine Months Ended September 30, 2013 |
| |Edmonton|Calgary|Central|Cripple|Casinos|Cruise|Corpor |Total |
| | | |City |Creek |Poland |Ships&|ate | |
| | | | | | |Other | | |
|Net | | | | | | | | |
|earnings | | | | | | | | |
|(loss) |$4,312 |($9) |$1,048 |$1,005 |$395 |$433 |($792) |$6,392 |
|Interest | | | | | | | | |
|income |0 |0 |0 |0 |(2) |0 |(16) |(18) |
|Interest | | | | | | | | |
|expense |325 |0 |0 |2 |226 |(3) |0 |550 |
|Income | | | | | | | | |
|taxes | | | | | | | | |
|(benefit) |1,362 |(75) |642 |615 |(186) |59 |(1,732)|685 |
|Depreciation| | | | | | | | |
|and | | | | | | | | |
|amortization|775 |691 |977 |717 |1,119 |302 |90 |4,671 |
|Non- | | | | | | | | |
|controlling | | | | | | | | |
|interest |0 |0 |0 |0 |198 |0 |0 |198 |
|Non-cash | | | | | | | | |
|stock based | | | | | | | | |
|compensation|0 |0 |0 |0 |0 |0 |11 |11 |
|Foreign | | | | | | | | |
|currency | | | | | | | | |
|losses | | | | | | | | |
|(gains) |(17) |(4) |0 |0 |(138) |(1) |(74) |(234) |
|(Gain) loss | | | | | | | | |
|on | | | | | | | | |
|disposition | | | | | | | | |
|of fixed | | | | | | | | |
|assets |0 |0 |(5) |0 |263 |8 |0 |266 |
|Gain on | | | | | | | | |
|business | | | | | | | | |
|combination |0 |0 |0 |0 |0 |0 |(2,074)|(2,074)|
|Adjusted | | | | | | | | |
|EBITDA* |$6,757 |$603 |$2,662 |$2,339 |$1,875 |$798 |($4,587)|$10,447|

* The Company defines Adjusted EBITDA as net earnings (loss) before interest,
income taxes (benefit), depreciation, amortization, non-controlling interest,
pre-opening expenses, non-cash stock based compensation charges, asset
impairment costs, (gain) loss on disposition of fixed assets, discontinued
operations, realized foreign currency (gains) losses, gain on business
combination and certain other one-time items. Intercompany transactions
consisting primarily of management and royalty fees and interest, along with
their related tax effects, are excluded from the presentation of net earnings
(loss) and Adjusted EBITDA reported for each property. Not all of the
aforementioned items occur in each reporting period, but have been included in
the definition based on historical activity. These adjustments have no effect on
the consolidated results as reported under accounting principles generally
accepted in the United States of America ("US GAAP"). Adjusted EBITDA is not
considered a measure of performance recognized under US GAAP. Management
believes that Adjusted EBITDA is a valuable measure of the relative performance
of the Company and its properties. The gaming industry commonly uses Adjusted
EBITDA as a method of arriving at the economic value of a casino operation.
Management uses Adjusted EBITDA to compare the relative operating performance of
separate operating units by eliminating the above mentioned items associated
with the varying levels of capital expenditures for infrastructure required to
generate revenue, and the often high cost of acquiring existing operations.
Adjusted EBITDA is used by the Company's lending institution to gauge operating
performance. The Company's computation of Adjusted EBITDA may be different from,
and therefore may not be comparable to, similar measures used by other companies
within the gaming industry. Please see the reconciliation of Adjusted EBITDA to
net earnings (loss) above.

** The Company defines Adjusted EBITDA margin as Adjusted EBITDA divided by net
operating revenue. Management uses this margin as one of several measures to
evaluate the efficiency of the Company's casino operations.

About Century Casinos, Inc.:
Century Casinos, Inc. is an international casino entertainment company that
operates 30 casinos worldwide. The Company 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 15 luxury cruise vessels (Regatta, Nautica, Insignia,
Marina, Riviera, Mein Schiff 1, Mein Schiff 2, Mein Schiff 3, Wind Surf, Wind
Star, Wind Spirit, Star Pride, Seven Seas Voyager, Seven Seas Mariner, and Seven
Seas Navigator) and the casino on the cruise ferry Nova Star. Through its
Austrian subsidiary, CCE, 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. The Company is currently developing the
Century Downs Racetrack and Casino in the north metropolitan area of Calgary,
Alberta, Canada that will include a horse race track and other gaming,
restaurant and entertainment facilities. The Company continues to pursue other
international projects in various stages of development.

On August 22, 2014, the Company announced that it had initiated delisting of the
Austrian Depositary Certificates ("ADCs") of the Company from the Vienna Stock
Exchange effective September 30, 2014 due to consistently low trading volume on
that exchange. On August 25, 2014 the Vienna Stock Exchange approved the
delisting of the ADCs. On September 30, 2014, the ADCs of the Company traded on
the Vienna Stock Exchange were automatically converted into the corresponding
number of shares of the Company's common stock tradable on the NASDAQ Capital
Market. The NASDAQ Capital Market, where the Company's common stock has been
listed since 1994, remains as the exclusive stock exchange for the Company.

On October 31, 2014, the Company purchased a 7.5% interest in Mendoza Central
Entretenimientos S.A., a company formed in Argentina ("MCE"). MCE leases slot
machines and provides related services to Casino de Mendoza, located in Mendoza,
Argentina. In addition, MCE intends to pursue other land-based and online gaming
opportunities throughout Argentina and Latin America. The Company and MCE have
entered into a consulting service agreement, pursuant to which the Company will
provide advice to MCE on casino matters.

On November 5, 2014, the Company announced that it had amended its concession
agreement with TUI Cruises to include the Mein Schiff 4. The 2,500-guest ship is
currently being built and is scheduled to commence operations in June 2015.

For more information about Century Casinos, visit our website at
www.centurycasinos.com. Century Casinos' common stock trades on The NASDAQ
Capital Market® under the symbol CNTY.

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, operating
efficiencies, synergies and operational performance, development of and the
prospects for the Century Downs Racetrack and Casino project, debt repayment 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, 2013. 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.

Attachments with Announcement:
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http://resources.euroadhoc.com/us/imH83KX2
http://resources.euroadhoc.com/us/winRptts

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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Attachments with Announcement:
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http://resources.euroadhoc.com/us/imH83KX2
http://resources.euroadhoc.com/us/winRptts

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: -
indexes:
stockmarkets:
language: English