Century Casinos Extends Agreement with Oceania Cruises

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Jun 29, 2010, 04:30 ET

COLORADO SPRINGS, Colo., June 29 /PRNewswire-FirstCall/ -- Century Casinos, Inc. (Nasdaq and Vienna Stock Exchange: CNTY) announced today that the company extended its exclusive and long-term agreement with Oceania Cruises.

Oceania Cruises is the world's largest upper premium cruise line with currently three intimate and luxurious 684-guest ships (Regatta, Nautica and Insignia) in service to explore the world in unequalled style and comfort. Two new 1,258-guest ships (Marina and Riviera) are currently being built and are also part of the new agreement.

Under the extended agreement, Century Casinos will operate the casinos on all Oceania Cruises vessels until at least December 2016.

"We are delighted about the extension of our cooperation with Oceania Cruises, one of the most prestigious and successful cruise lines in the world. The growing number of our cruise ship casino operations has developed into a strong and profitable business segment for Century Casinos," said Erwin Haitzmann and Peter Hoetzinger, Co CEOs of Century Casinos.

About Century Casinos, Inc.:

Century Casinos, Inc. is an international casino entertainment company that owns and operates the Womacks Casino & Hotel in Cripple Creek, Colorado, the Century Casino & Hotel in Central City, Colorado, the Century Casino & Hotel in Edmonton, Canada and the Silver Dollar Casino in Calgary, Canada. The Company also operates casinos aboard eight luxury cruise vessels (Silver Cloud, Regatta, Insignia, Nautica, Mein Schiff, Wind Surf, Wind Star, Wind Spirit) and signed contracts for casinos on six additional ships (Seven Seas Voyager, Seven Seas Mariner, Seven Seas Navigator, Oceania Marina, Oceania Riviera and TUI Mein Schiff II) that will start operations soon. Through its Austrian subsidiary, Century Casinos Europe GmbH, the Company holds a 33.3% ownership interest in Casinos Poland Ltd., the owner and operator of seven full casinos and one slot casino in Poland. 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 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, expected competition, the impact of new gaming laws, plans for our casinos and the impact of the economic downturn. 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 sections entitled "Risk Factors" under Item 1A in our Annual Report on Form 10-K filed on March 15, 2010. 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 Century Casinos, Inc.