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

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Century Casinos, Inc. : Century Casinos Extends and Prolongs Agreement with TUI Cruises

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01/22/2013 | 04:20pm CEST


Century Casinos Extends and Prolongs Agreement with TUI Cruises

COLORADO SPRINGS, Colorado, January 22, 2013 - Century Casinos, Inc. (NASDAQ Capital Market® and Vienna Stock Exchange: CNTY) announced today that the company extended its long-term concession agreement with TUI Cruises.

TUI Cruises is a joint venture between TUI AG and Royal Caribbean Cruises Ltd. with focus on the premium all inclusive cruise market. TUI Cruises currently has two luxurious 1,900-guest ships (Mein Schiff 1, Mein Schiff 2) in service to explore the world in style and comfort. A new 2,500-guest ship (Mein Schiff 3) is currently being built, scheduled to commence operations in early 2014 and also part of the extended agreement, under which Century Casinos will operate these casinos until at least May 2017.

"We are delighted about the extension and prolongation of our cooperation with TUI Cruises. The growing number of our cruise ship casino operations has developed into a strong business segment for Century Casinos", said Erwin Haitzmann and Peter Hoetzinger, Co CEOs of Century Casinos.

About Century Casinos, Inc.:

Century Casinos, Inc. is an international casino entertainment company that 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. The Company also operates casinos aboard twelve luxury cruise vessels (Regatta, Nautica, Marina, Riviera, Mein Schiff 1, Mein Schiff 2, Wind Surf, Wind Star, Wind Spirit, Seven Seas Voyager, Seven Seas Mariner and Seven Seas Navigator). Through its Austrian subsidiary, Century Casinos Europe GmbH, the Company holds a 33.3% ownership interest in Casinos Poland Ltd., the owner and operator of eight casinos in Poland. The Company also manages the operations of the casino at the Radisson Aruba Resort, Casino & Spa in Aruba, Caribbean. Century Casinos, Inc. continues to pursue other international projects in various stages of development.

For more information about Century Casinos, visit our website at www.centurycasinos.com. Century Casinos' common stock trades on The NASDAQ Capital Market® and the Vienna Stock Exchange under the symbol CNTY.

This release may contain "forward-looking statements" within the meaning of Section 27A of the Security 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 approvals required for the CPL transaction and the Racing Entertainment Centre project in Alberta, Canada, future results of operations, operating efficiencies, synergies and operational performance, economic improvements in 2013 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, 2011. 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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Financials ($)
Sales 2017 153 M
EBIT 2017 19,1 M
Net income 2017 9,10 M
Debt 2017 -
Yield 2017 -
P/E ratio 2017 20,41
P/E ratio 2018 18,17
Capi. / Sales 2017 1,19x
Capi. / Sales 2018 1,15x
Capitalization 182 M
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Century Casinos, Inc. Technical Analysis Chart | CNTY | US1564921005 | 4-Traders
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Mean consensus OUTPERFORM
Number of Analysts 3
Average target price 9,42 $
Spread / Average Target 26%
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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
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