Business
Century Casinos successfully reopened its Mountaineer Casino, Racetrack and Resort in West Virginia
Reopened casinos represent over two-thirds of the Company's revenue COLORADO SPRINGS, Colo., June 5, 2020 /PRNewswire/ -- Century Casinos, Inc. (Nasdaq
About this update from Century Casinos, Inc.
[{"type":"text","content":"Reopened casinos represent over two-thirds of the Company's revenue\n COLORADO SPRINGS, Colo., June 5, 2020 /PRNewswire/ -- Century Casinos, Inc. (Nasdaq Capital Market®: CNTY) announced today that operations at its Mountaineer Casino, Racetrack and Resort resumed on June 5, 2020. \n\n \n \n \n \n \n \n\n \nThoroughbred horse racing at Mountaineer's renowned racetrack already resumed on May 31, 2020 with record breaking betting handle. Mountaineer has also reopened its popular hotel along with the casino and F&B offerings on June 5, 2020. \nPrior to reopening, Mountaineer implemented comprehensive and state-specific safety and social distancing protocols as directed by the West Virginia Lottery. Details about these measures are available in the Covid-19 section of the property's website.\n\"Mountaineer together with our already reopened casinos in Missouri and Poland represents over two-thirds of our Company's revenue before the temporary closures,\" Erwin Haitzmann and Peter Hoetzinger, Co-Chief Executive Officers of Century Casinos remarked. \"Initial business volumes in Missouri and Poland are encouraging,\" they concluded. \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; 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, CRM, the Company holds a 66.6% ownership interest in Casinos Poland Ltd., the owner and operator of eight casinos throughout Poland; and a 75% ownership interest in Century Downs Racetrack and Casino in Calgary, Alberta, Canada. The Company operates one ship-based casino. 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 stag...