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Century Casinos Acquires Casino Development in Bath, England
SCCL has agreed to a 30 year lease for the casino space and intends to invest approx. GBP 5,000,000 (approx. USD 6,400,000 ) to design, fit-out and equip the 15,000 sq. ft. gaming floor. The casino will offer about 18 gaming tables, 35 slot machines and 24 automated live gaming terminals and will form part of a mixed leisure development, which will also include a 147 bedroom four-star hotel and two restaurants. The casino, located in the center of Bath's evening leisure district and opposite the popular Theatre Royal, is scheduled to start operations in the first quarter of 2018, subject to receipt of the regulatory and governmental approvals.
Bath is an affluent city in the southwest of England and attracts approx. five million tourists annually; the entire city is a UNESCO World Heritage Site. The immediate catchment area includes a population of approx. 185,000 in and around Bath . The casino is expected to be the only licensed casino in the greater Bath area.
"We are excited about the opportunity to enter the UK gaming market with the addition of the Saw Close Casino to Century's portfolio. We believe the casino in Bath has the potential to provide an attractive return on our investment," said the Company's Co CEOs Erwin Haitzmann and Peter Hoetzinger.
Century Casinos, Inc. is an international casino entertainment company that operates 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 and in St. Albert, Alberta, Canada . Through its Austrian subsidiary, Century Casinos Europe GmbH ("CCE"), the Company holds a 66.6% ownership interest in Casinos Poland Ltd., the owner and operator of six casinos in Poland . The Company, through CCE, also holds a 75% ownership interest in both Century Downs Racetrack and Casino, which began operations in the north metropolitan area of Calgary, Alberta, Canada in April 2015 , and Century Bets!, which began operating the pari-mutuel off-track horse betting network in Southern Alberta, Canada in May 2015 . The Company operates 13 ship-based casinos onboard ships with four cruise ship owners. The Company manages the operations of the casino at the Hilton Aruba Caribbean Resort and Casino. The Company, through CCE, 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 international projects in various stages of development.
For more information about Century Casinos, visit our website at www.cnty.com. Century Casinos' common stock trades on The NASDAQ Capital Market® under the symbol CNTY.