Business
Century Casinos, Inc. Approved for Sports Betting Licenses in Colorado
COLORADO SPRINGS, Colo., April 3, 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., April 3, 2020 /PRNewswire/ -- Century Casinos, Inc. (Nasdaq Capital Market®: CNTY) (\"Century Casinos\" or the \"Company\"), announced today that its Colorado subsidiaries received approval for three Sports Betting Master Licenses (\"Master Licenses\"). The licenses were awarded during a special meeting of the Colorado Limited Gaming Control Commission (the \"Commission\") held on April 2, 2020. In addition, the Commission awarded Circa Sports Colorado LLC, the Company's partner for one of its Master Licenses, with a temporary Internet Sports Betting Operator License. \n\n \n \n \n \n \n \n\n \nThe Commission is moving forward with licensing and will meet the May 1, 2020 legislative launch date deadline. Due to impact of the COVID-19 pandemic on the sports betting industry, the Company is uncertain of the timeline that the Circa | SportsTM mobile sports betting app will launch.\nThe Company has two more Master Licenses available in Colorado and is in active negotiations with several potential sports betting partners.\nAbout Century Casinos, Inc.:\nCentury 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 Ltd., 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...