Century Casinos Acquires 33.3% Ownership Interest in Casinos Poland Ltd.

COLORADO SPRINGS, Colo., March 13 /PRNewswire-FirstCall/ -- Century
Casinos, Inc. (Nasdaq: CNTY; Vienna Stock Exchange) announced today that
the Company's Austrian subsidiary, Century Casinos Europe GmbH, has
completed the previously announced acquisition of 100% of G5 Sp.z.o.o., a
Polish company, which holds 33.3% of all issued and outstanding shares of
Casinos Poland Ltd.
   The total consideration for the transaction equaled $8,690,000, of
which $7,946,000 has been paid already. The remainder of $744,000 is
payable in six months.
   Casinos Poland's seven casinos and one slot arcade, situated in major
cities in international four and five star hotels in Poland, generated net
operating revenues (unaudited) of PLN 158 million (approx. $53.7 million)
in 2006, representing a year-over-year growth of 24% compared to the PLN
127 million (approx. $43.2 million) generated in 2005.
   "We are very happy to have closed this acquisition and look forward to
participating in and further improving Casinos Poland's success together
with the two other 33.3% shareholders of the company, LOT Polish Airlines
and the Polish Airport Authority," said Peter Hoetzinger, Co CEO &
President, Century Casinos, Inc.
   About Century Casinos, Inc.:
   Century Casinos, Inc. is an international casino entertainment company
that owns and operates the Womacks Casino and Hotel in Cripple Creek,
Colorado, the Century Casino & Hotel in Edmonton, Alberta, Canada, and the
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 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, holds a 33.3%
ownership interest in Casinos Poland Ltd, the owner and operator of seven
casinos and one slot arcade in Poland. The Company continues to pursue
other international projects in various stages of development.
   For more information about Century Casinos, visit our new website at
http://www.centurycasinos.com. Century Casinos' common stock trades on The NASDAQ
Capital Market(R) and the Vienna Stock Exchange 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-K, 10-Q, and 8-K.
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.
Source:prnewswire.com