Business
Century Casinos Announces Additional Casino Closures in Response to COVID-19 Pandemic
COLORADO SPRINGS, Colo., March 18, 2020 /PRNewswire/ -- Century Casinos, Inc. (Nasdaq Capital Market®: CNTY) ("Century Casinos" or the "Company") announced
About this update from Century Casinos, Inc.
[{"type":"text","content":"COLORADO SPRINGS, Colo., March 18, 2020 /PRNewswire/ -- Century Casinos, Inc. (Nasdaq Capital Market®: CNTY) (\"Century Casinos\" or the \"Company\") announced today that it temporarily closed its Canadian, West Virginia and Missouri casinos on Tuesday, March 17, 2020 to comply with quarantines issued by governments in each jurisdiction to contain the spread of COVID-19. These closures follow the closures of the Company's Polish and Colorado casinos per government directives in those jurisdictions.\n\n \n \n \n \n \n \n\n \nThe Company also closed Century Casino Bath on March 17, 2020 to contain the spread of COVID-19. The casino will remain closed indefinitely while the Company continues to evaluate its options for this property, which could include permanent closure or a sale or other disposition.\nThe COVID-19 situation continues to evolve rapidly, and it currently appears that, due to the pandemic's scope and likely duration in the Company's markets, it will adversely impact the Company at least through the first half of 2020. \nAbout Century Casinos, Inc.:Century Casinos, Inc. is a casino entertainment company. The Company owns and operates Century Casino & Hotels in Cripple Creek and Central City, Colorado, and in Edmonton, Alberta, Canada; the Century Casino in Cape Girardeau and Caruthersville, Missouri, in Calgary and St. Albert, Alberta, Canada and in Bath, England; Mountaineer Casino, Racetrack & Resort in New Cumberland, West Virginia; the Century Mile Racetrack and Casino (\"CMR\") in Edmonton, Alberta, Canada; and Century Bets! Inc. (\"CBS\"). CBS and CMR operate the pari-mutuel off-track horse betting networks in southern and northern Alberta, respectively. Through its Austrian subsidiary, Century Resorts Management GmbH (\"CRM\"), the Company holds a 66.6% ownership interest in Casinos Poland Sp. z o.o., the operator of eight casinos throughout Poland; and a 75% ownership interest in Century Downs Racetrack and Casino in Calgary, Alberta, Canada. The Company operates five ship-based casinos. The Company, through CRM, 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 projects in various stages of development.\nCentury Casinos' comm...