Press Release
October 20, 2000
CRIPPLE CREEK, CO -- Century Casinos, Inc. (NASDAQ:CNTY) yesterday reported that visitation to The Caledon Casino,
Hotel & Spa has comfortably met the Company's high-end expectations for its first week of operation. The total
number of casino visitors exceeded 20,000 and necessitated the restriction of entry during peak hours. This level
of visitation appears to confirm the Company's assessment of overall market demand and has translated into a high
utilization rate per gaming position since the doors opened on October 11.
"We are very pleased with our first week of operations at The Caledon Casino, Hotel & Spa," said
Erwin Haitzmann, Chairman and CEO. "Guest reaction to the look, feel and customer service of the new casino
has been exceptionally positive even though many visitors were unable to find an open gaming position." He
added, "Considering the ancillary facilities are not yet completed and that much of the site is still under
construction, we look forward to realizing the full potential of this unique project once all the first-phase elements
are fully operational in early-to-mid 2001."
In addition to the 350 gaming position casino, the 'first phase' facilities include further upgrades to the 92-room
hotel; extensive conference facilities; a retail emporium; The Outdoor Experience team building facility; and enhanced
health spa facilities incorporating the historical mineral hot springs on the 600+ acres site.
Zoning approval has already been secured for the anticipated future development of the resort to include a championship
golf course, 350 residential or time-share units, additional hotel accommodation and further retail facilities.
Century owns 50% of The Caledon Casino, Hotel, & Spa and operates the gaming facilities under a long-term management
contract.
About Century Casinos, Inc.
Century Casinos is an international casino company led by a team of gaming industry professionals who have developed
and operated more than 100 casinos in 25 different countries. The Company owns and operates Womacks Casino in Cripple
Creek, Colorado; jointly owns and operates The Caledon Casino, Hotel & Spa near Capetown, South Africa; has
a five-year casino concession to operate four casinos aboard the ultra-luxury Silversea cruise vessels; and manages
the Millennium Casino in the new Marriott Hotel in Prague, Czech Republic. Also, Century has been chosen by The
World of ResidenSea as its exclusive casino concessionaire aboard a unique, residence-based cruise vessel scheduled
for completion in January, 2002. The Company continues to pursue other international projects in various stages
of development.
The address for corporate headquarters is 200 E. Bennett Ave. (P.O. Box 1006), Cripple Creek, CO 80813. Telephone:
(719) 689-9100. Fax: (719) 689-9700. For more information about Century Casinos, visit the Company's web site at
www.centurycasinos.com or listen to recent conference calls and interviews
at www.vcall.com. Century Casinos' common stock trades on The Nasdaq Stock Market(R)
under the symbol CNTY.
This release may contain forward-looking statements that involve risks and uncertainties. Among the other important
factors which could cause actual results to differ materially from those in the forward-looking statements are
economic, competitive, and governmental factors affecting the company's operations, markets, services and prices,
as well as other factors detailed in the Company's filings with the Securities and Exchange Commission, including
its recent filings on Forms 10-KSB, 10-QSB and 8K. 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.
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Contact:
Chris Wrolstad VP - Corporate Communications of Century Casinos, Inc. 719-689-9100 cw@cnty.com