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Century Casinos Announces Opening of Casino Aboard Oceania Cruises' Insignia |
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CRIPPLE CREEK, Colo., April 21 /PRNewswire-FirstCall/ -- Century Casinos, Inc. (NASDAQ:CNTY) announced the successful opening Saturday, April 19, of its casino aboard the Insignia, the luxurious, 684 passenger cruise ship operated by Oceania Cruises. The casino features 36 slot machines and 5 gaming tables. |
The Insignia, the first of two cruise liners operated by Oceania, commenced operations Saturday from Marseilles to various destinations around the Western Mediterranean until the end of September 2003 and will then resume operations in May 2004. The second vessel, the Regatta is scheduled for launch in July, 2003. Century Casinos will also operate the casino aboard the Regatta and has the first right of refusal for casinos aboard any new ships that Oceania may bring into service, pursuant to a long term casino concession agreement.
The Company also reported that through its wholly owned Austrian subsidiary, Century Management u. Beteiligungs GmbH, it has completed the previously reported 10% ownership stake in Casino Millennium a.s., the company operating the casino in the Marriott Hotel in Prague, Czech Republic. This transaction is the first step to complete an agreement to purchase 50% of Casino Millennium. Total contribution from the Company for the 50% stake will amount to $1,088,000, including cash, gaming equipment and advances for original pre-opening costs.
About Century Casinos, Inc:
Century Casinos is an international casino company that owns and operates Womacks Casino and Hotel in Cripple Creek, Colorado; owns and operates The Caledon Casino, Hotel & Spa near Cape Town, South Africa; operates the casinos aboard the ultra-luxury vessels of Silversea Cruises, The World of ResidenSea, and Oceania Cruises; and owns 10% of, and manages the Millennium Casino in the Marriott Hotel in Prague, Czech Republic.
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