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Gaming Industry News |
Saturday November 22nd, 2008 |
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Century Casinos Announces Agreement With South African Golf Professional Trevor Immelman |
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Century Casinos, Inc. (CNTY) announced today that the Company, through its South African subsidiary Blue Crane Signature Golf Estate (PTY) Limited, has entered into an agreement with South African golf professional Trevor Immelman. |
Under the terms of this agreement, Mr. Immelman will provide design, consultancy and advisory services in respect of the design layout and plans of the 18-hole signature golf course to be built at Century Casinos' Caledon property near Cape Town, South Africa.
Century Casinos is in the process of subdividing approx. 450 out of 600 acres of its own land at its Caledon property, with plans to develop a 27 hole golf estate with approx. 450 residential homes and to link the property to the existing nine-hole municipal golf course by adding another nine holes surrounded by resort housing elements.
Trevor Immelman, one of South Africa's most popular golf professionals, is a recent US PGA Tour winner and a four-time winner on the European Tour. The Company believes that this golf development designed by Trevor Immelman Design, together with the planned resort and housing projects, will enrich Caledon's tourist infrastructure and has the potential to further stimulate the local economy as well as the Caledon Casino.
Blue Crane plans to start construction of the new golf courses as soon as all necessary approvals and permits are in place, expected in late 2007 or early 2008.
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