Century Casinos

Century Casinos, Inc. (NASDAQ: CNTY) is a gaming company based in Colorado Springs, Colorado.

The company owns and operates six casinos in Colorado and Alberta. It also operates casinos on cruise ships for Diamond Cruise International, Thomson, TUI, and Windstar, and manages a casino at the Hilton Aruba.[1] It owns a 67 percent share in Casinos Poland, which owns and operates nine casinos in Poland.[2]

History

Century Casinos was formed in 1992 by several executives of Casinos Austria.[3][4]

Century merged in 1994 with Alpine Gaming, parent company of the Long Branch Saloon & Casino in Cripple Creek, Colorado.[5] The casino was then renamed as Legends.[6] Century then purchased the adjacent Womack's Saloon & Gaming Parlor in 1996 for $13.5 million.[7] The combined property would take on the Century Casino name in 2010.[8]

In 1995, Century opened the Legends Casino at the Soboba Reservation, a tribal-owned bingo parlor and cardroom in Southern California.[9][10] The company pulled out of its management agreement for the facility seven months later.[11]

In 2006, the company opened a Century Casino & Hotel in Central City, Colorado and another in Edmonton, Alberta.[12][13]

In 2007, the company paid $8.7 million to acquire a 33 percent stake in Casinos Poland.[14] Century increased its stake to 67 percent in April 2013.[2]

In 2009, Century sold its Century Casino Millennium in Prague[15] and its Caledon Casino and Century Casino Newcastle in South Africa.[16][17]

Century purchased the Silver Dollar Casino in Calgary, Alberta in 2010 for $10.5 million, and then rebranded it as Century Casino Calgary.[18][19] In December 2012, Century announced an agreement to finance and manage a horse track and casino to be built in Balzac, Alberta.[20] The casino opened in April 2015.[21] In September 2016, the company was selected over three other applicants to open a racetrack in the Edmonton area; the $50-million Century Mile, slated to open in 2018, would feature a mile-long track and a casino.[22] The expansion in Alberta continued in October 2016 with the $12.3-million acquisition of the Apex Casino in St. Albert, which was then renamed as Century Casino St. Albert.[23]

The company made moves to expand into two new markets in 2017. In England, it purchased a small casino being developed in the city of Bath.[24] In Bermuda, it signed on to manage a planned casino at the Hamilton Princess hotel.[25]

List of properties

References

  1. ↑ Century Casinos. "Corporate Profile". Retrieved 2012-07-31.
  2. 1 2 Form 10-K: Annual Report (Report). Century Casinos. March 11, 2016. p. 6 – via EDGAR.
  3. ↑ "Casino owners to merge". Colorado Springs Gazette Telegraph. December 29, 1993.  – via Factiva (subscription required)
  4. ↑ Heilman, Wayne (August 23, 1996). "Casino company to move offices from Denver to downtown Springs". Colorado Springs Gazette Telegraph.  – via Factiva (subscription required)
  5. ↑ "Century Casinos completes acquisition". The Gazette. Colorado Springs. April 1, 1994 – via NewsBank.
  6. ↑ Julie Andrews (June 18, 1994). "Casinos, restaurants are expanding". The Gazette. Colorado Springs – via NewsBank.
  7. ↑ "Century Casinos owns Womack's Saloon assets". The Gazette. Colorado Springs. July 2, 1996 – via NewsBank.
  8. ↑ "Womacks Casino in Cripple Creek, CO, renamed 'Century Casino'" (Press release). Century Casinos. September 29, 2010 – via NewsBank.
  9. ↑ Steve Moore (December 2, 1994). "Casino set to open near San Jacinto". The Press-Enterprise. Riverside, CA – via NewsBank.
  10. ↑ Mark Henry; Jose Arballo Jr. (January 14, 1995). "Let the games begin". The Press-Enterprise. Riverside, CA – via NewsBank.
  11. ↑ Ricardo Duran (September 22, 1995). "Soboba Band installs 'illegal' video devices". The Press-Enterprise. Riverside, CA – via NewsBank.
  12. ↑ "Century Casinos opened casino & hotel in Central City, Colorado" (Press release). Century Casinos. July 12, 2006 – via NewsBank.
  13. ↑ "Century Casinos reports successful opening of new Edmonton casino" (Press release). Century Casinos. November 21, 2006 – via NewsBank.
  14. ↑ "Century Casinos unit completes acquisition of co. that holds stake in Casinos Poland". Associated Press Newswires. March 13, 2007.  – via Factiva (subscription required)
  15. ↑ "Century Casinos closed sale of Prague casino" (Press release). Century Casinos. February 13, 2009 – via NewsBank.
  16. ↑ "Century Casinos sells South African casino properties" (Press release). Century Casinos. December 22, 2008 – via NewsBank.
  17. ↑ "Century Casinos has closed sale of Its South African subsidiary" (Press release). June 30, 2009 – via NewsBank.
  18. ↑ Wayne Heilman (January 15, 2010). "Century pays $10.5 million for Calgary casino". The Gazette. Colorado Springs – via NewsBank.
  19. ↑ "Silver Dollar re-opens as Century Casino Calgary". CTV News Calgary. November 18, 2010. Retrieved 2016-12-28.
  20. ↑ Zickefoose, Sherri (December 3, 2012). "Century Casino doles out $13M loan for proposed Balzac race track". Calgary Herald. Retrieved 2012-12-03.
  21. ↑ "Casino opens north of Calgary, harness racing to arrive in coming weeks". CTV News Calgary. April 1, 2015. Retrieved 2015-04-01.
  22. ↑ Curtis Stock (September 19, 2016). "New Edmonton-area horse-racing track to be built near airport by Century Casinos". Edmonton Journal. Retrieved 2016-09-21.
  23. ↑ Wayne Heilman (October 4, 2016). "Century Casinos announces Canadian acquisition". The Gazette. Colorado Springs. Retrieved 2016-12-21.
  24. ↑ "Century Casinos Acquires casino development in Bath, England" (Press release). Century Casinos. June 21, 2017. Retrieved 2017-08-11 – via PR Newswire.
  25. ↑ "Hamilton Princess casino plans detailed". The Royal Gazette. Hamilton, Bermuda. August 11, 2017. Retrieved 2017-08-11.
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