COLORADO SPRINGS, Colorado,
Aug. 22, 2014 /PRNewswire/ -- Century
Casinos, Inc. (NASDAQ Capital Market® and Vienna Stock Exchange:
CNTY) announced today that the company initiated delisting from the
Vienna Stock Exchange effective September
30, 2014 due to consistently low trading volume on that
exchange. The NASDAQ Capital Market®, where the shares of the
company have been listed since 1994, will remain as the exclusive
stock exchange for the company.
Subject to the final decision of the Vienna Stock Exchange, on
September 30, 2014, the Austrian
Depositary Certificates (ADCs) of the company traded on the Vienna
Stock Exchange (ISIN AT0000499900) will automatically be
converted into the corresponding number of shares in Century
Casinos, Inc., tradable on the NASDAQ Capital Market® (ISIN
US1564921005). As before, holders of ADCs may request to exchange
their ADCs for shares of common stock also prior to September 30, 2014, in accordance with the
procedures of the depositary, bank or broker that holds the
ADCs.
In order to ensure proper execution of trades prior to
delisting, the last day of tradability of ADCs on the Vienna Stock
Exchange is expected to be on September 23,
2014.
About Century Casinos, Inc.:
Century Casinos, Inc. is
an international casino entertainment company that operates 30
casinos worldwide. The Company 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 15 luxury
cruise vessels (Regatta, Nautica, Insignia, Marina, Riviera,
Mein Schiff 1, Mein Schiff 2, Mein
Schiff 3, Wind Surf, Wind Star, Wind Spirit, Star Pride, Seven Seas Voyager, Seven Seas
Mariner and Seven Seas Navigator) and the casino on the cruise
ferry Nova Star. Through its
Austrian subsidiary, Century Casinos Europe GmbH, the Company holds
a 66.6% ownership interest in Casinos Poland Ltd, the owner and
operator of nine casinos in Poland. The Company also manages the
operations of the casino at the Radisson Aruba Resort, Casino &
Spa in Aruba, Caribbean. The Company is currently developing
a project in the north metropolitan area of Calgary, Alberta, Canada that will include a
horse race track and other gaming, restaurant and entertainment
facilities. 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 Securities 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 delisting of the ADCs,
future results of operations 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,
2013. 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.