Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nasdaq  >  Century Casinos, Inc.    CNTY

Delayed Quote. Delayed  - 09/26 10:00:00 pm
6.79 USD   +0.30%
09/20 CENTURY CASINOS : Awarded “Successful Applicant Status” ..
09/20 CENTURY CASINOS : Awarded "Successful Applicant Status" for the Deve..
08/05 CENTURY CASINOS : posts 2Q profit
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 
The feature you requested does not exist. However, we suggest the following feature:

Century Casinos : Awarded “Successful Applicant Status” for the Development and Operation of a Racetrack and Casino in the Edmonton market, Alberta, Canada

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/20/2016 | 02:30pm CEST

19.09.2016

Colorado Springs, Colorado, September 20, 2016 - Century Casinos, Inc. (NASDAQ Capital Market®: CNTY) announced today that the Board of Directors of Horse Racing Alberta selected Century Casinos as successful applicant to own, build and operate an 'A' Track Horse Racing Facility in the Edmonton market area.

Earlier this year, following the announcement from Northlands Park that it will cease its racetrack and casino operations, Horse Racing Alberta issued an Expression of Interest and a Request for Proposal to build and operate an 'A' Track Horse Racing Facility in the Edmonton market area. Subsequently, a number of applications had been received by Horse Racing Alberta and reviewed by an External Review Committee.

Century Casinos proposes to build 'Century Mile', the only one-mile racetrack in Western Canada, with track lighting and a multi-level racing entertainment center with a covered grandstand. The proposed location is on Edmonton International Airport land and close to the City of Leduc, a city of 30,000 inhabitants, just south of Edmonton and ideally positioned exiting off the Queen Elizabeth II Highway, one of the most heavily used highways in Western Canada. Several hotels, a golf course and a large shopping mall, which is currently under construction, are all within close proximity to the proposed site. Initial plans indicate total project cost of approx. CAN $50 million and a possible opening date in late 2018.

'We are absolutely thrilled and honored to have been selected as the successful applicant by the Board of Horse Racing Alberta. Together with the great success of Century Downs in the Calgary market, this is another important milestone for Century Casinos' the Company's Co CEOs Erwin Haitzmann and Peter Hoetzinger said. 'The location at Edmonton International Airport offers great potential as this is the only remaining untapped casino market area of greater Edmonton', they continued.

About Century Casinos, Inc.:

Century Casinos, Inc. is an international casino entertainment company that operates 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. Through its Austrian subsidiary, Century Casinos Europe GmbH ('CCE'), the Company holds a 66.6% ownership interest in Casinos Poland Ltd., the owner and operator of eight casinos in Poland. The Company, through CCE, also holds a 75% ownership interest in both Century Downs Racetrack and Casino, which began operations in the north metropolitan area of Calgary, Alberta, Canada in April 2015, and Century Bets!, which began operating the pari-mutuel off-track horse betting network in Southern Alberta, Canada in May 2015. The Company operates thirteen ship-based casinos onboard ships of TUI Cruises, Thomson Cruises, Windstar Cruises and Diamond Cruise International. The Company manages the operations of the casino at the Hilton Aruba Caribbean Resort and Casino. The Company, through CCE, also owns a 7.5% interest in, and provides consulting services to, Mendoza Central Entretenimientos S.A., a company that provides gaming-related services to Casino de Mendoza in Mendoza, Argentina. The Company continues to pursue other international projects in various stages of development.

For more information about Century Casinos, visit our website at www.cnty.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, the prospects for the Apex Casino and other projects, debt repayment, investments in joint ventures, outcomes of legal proceedings 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, 2015 and in subsequent Form 10-Q filings. 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.

Files:2016_09_20_PR_New_Racetrack_and_Casino_License.pdf (815 Ki) 2016_09_20_PR_New_Racetrack_and_Casino_License_01.pdf (815 Ki)

Back to list

Century Casinos Inc. published this content on 20 September 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 20 September 2016 12:30:02 UTC.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CENTURY CASINOS, INC.
09/20 CENTURY CASINOS : Awarded “Successful Applicant Status” for the Deve..
09/20 CENTURY CASINOS : Awarded "Successful Applicant Status" for the Development and ..
08/20 CENTURY CASINOS : Four Cripple Creek casinos planning to build hotels
08/05 CENTURY CASINOS INC /CO/ : Regulation FD Disclosure, Financial Statements and Ex..
08/05 CENTURY CASINOS : posts 2Q profit
08/05 CENTURY CASINOS // MANAGEMENT DISCUS : CENTURY CASINOS INC /CO/ Management's Dis..
08/05 CENTURY CASINOS INC /CO/ : Results of Operations and Financial Condition, Regula..
08/05 CENTURY CASINOS : unveils plan to restore historic Palace Hotel in Cripple Creek
08/01 CENTURY CASINOS : Announces Date of Second Quarter 2016 Earnings Release and Con..
07/18 CENTURY CASINOS : to Acquire 100% Stake in Apex Casino from 851896 Alberta
More news
Sector news : Casinos
08/25DJGALAXY ENTERTAINMENT : 1st Half Net Profit HK$2.56 Billion; Up 26% on Year
08/24 Paddy Power Betfair expects faster cost savings from merger
08/18DJWYNN MACAU : 1st-Half Net Profit HK$1.14 Billion, Down 21% on Year
08/17DJCROWN RESORTS : Profit Doubles on Sale of Shares in Macau JV
08/12DJSANDS CHINA : 1st-Half Net Profit $550.6 Million; Down 25% on Year
More sector news : Casinos
News from SeekingAlpha
09/26 David Stern to headline compelling gaming expo
09/08 Trends start to line up favorably for the casino sector
08/10 Legalized sports betting push keeps churning
08/05 Century Casinos' (CNTY) CEO Peter Hoetzinger on Q2 2016 Results - Earnings Ca..
08/05 Century Casinos misses by $0.04, misses on revenue
Advertisement
Financials ($)
Sales 2016 139 M
EBIT 2016 16,4 M
Net income 2016 8,93 M
Debt 2016 -
Yield 2016 -
P/E ratio 2016 18,63
P/E ratio 2017 14,30
Capi. / Sales 2016 1,19x
Capi. / Sales 2017 1,09x
Capitalization 165 M
More Financials
Chart CENTURY CASINOS, INC.
Duration : Period :
Century Casinos, Inc. Technical Analysis Chart | CNTY | US1564921005 | 4-Traders
Full-screen chart
Technical analysis trends CENTURY CASINOS, ...
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 3
Average target price 8,42 $
Spread / Average Target 24%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Erwin Haitzmann Chairman & Co-Chief Executive Officer
Peter Hoetzinger Vice Chairman, President & Co-CEO
Andreas Terler Chief Information Officer & VP-Operations
Margaret M. Stapleton Chief Financial Officer, Secretary, CAO & EVP
Robert S. Eichberg Independent Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
CENTURY CASINOS, INC.-12.72%165
LAS VEGAS SANDS CORP.28.79%45 603
MGM RESORTS INTERNATIO..11.62%14 508
WYNN RESORTS, LIMITED45.70%10 397
KANGWON LAND, INC.--.--%7 723
GENTING SINGAPORE PLC-2.60%6 679
More Results