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Century Casinos Reports Opening of New Casino Resort on Newcastle, South Africa |
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Century Casinos, Inc. (Nasdaq: CNTY; and Vienna Stock Exchange: CNTY) reported today that the Company celebrated the official opening of Century Casino Newcastle's new resort facility with a grand opening gala on Saturday, December 2, 2006. |
Century Casino Newcastle (formerly Monte Vista Casino & Conference Centre), situated in South Africa's Kwazulu Natal Province, half-way between Durban and Johannesburg, is a one stop entertainment, leisure and conferencing destination. The property features 12,000 square feet of casino gaming floor, with six gaming tables, 250 slot machines, food and beverage amenities, a show stage, as well as a supervised kids entertainment area. The complex also includes a four star, 40 room hotel, meeting and conference facilities, as well as a spa and wellness center with a wide range of beauty and relaxation treatments.
During the opening gala, invited VVIP guests like His Majesty King Goodwill Zwelethini, King of Kwazulu Natal, Dr. Jacob Zuma, Deputy President of the ANC, Mrs. Winnie Mandela and many other celebrities, political, radio and TV personalities, were treated to an entertainment extravaganza, which featured the likes of Afritude and The Three Black Tenors. The evening was concluded with a grand fireworks display. More than 5,000 people gathered outside and waited for the casino to open to the public, so that they could try their luck on the slot machines and tables. Even though the casino only opened its doors to the public at 9:30 hrs in the evening, it generated an average win/slot/day of $265 in the first two days.
"We are very happy to be able to provide our guests with this new casino and hotel resort facility, the biggest tourism investment to date in Northern Kwazulu Natal, and to foster the local economy by providing 250 permanent jobs for local residents", said Century Casinos' Co CEOs, Erwin Haitzmann and Peter Hoetzinger, in a joint statement.
About Century Casinos, Inc.:
Century Casinos, Inc. is an international casino entertainment company that owns and operates Womacks Casino and Hotel in Cripple Creek, Colorado; owns and operates Century Casino Millennium in the Marriott Hotel in Prague, Czech Republic; operates the casinos aboard the Silver Wind, Silver Cloud, The World of ResidenSea, and the vessels of Oceania Cruises; owns a 65% interest in, and has a management contract for, Century Casino & Hotel in Central City, Colorado. Through its subsidiary Century Resorts Alberta Inc., it owns and operates Century Casino & Hotel in Edmonton, Alberta, Canada. 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, entered into an agreement to acquire a 33.3% ownership interest in Casinos Poland Ltd. The closing of this transaction is subject to due diligence. The Company continues to pursue other international projects in various stages of development.
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