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Century Casinos Awarded "Successful Applicant Status" for the Development and Operation of a Racetrack and Casino in the Edmonton market, Alberta, Canada
Century Casinos proposes to build "Century Mile", the only one-mile racetrack in Western Canada , with track lighting and a multi-level racing entertainment center with a covered grandstand. The proposed location is on Edmonton International Airport land and close to the City of Leduc , a city of 30,000 inhabitants, just south of Edmonton and ideally positioned exiting off the Queen Elizabeth II Highway, one of the most heavily used highways in Western Canada . Several hotels, a golf course and a large shopping mall, which is currently under construction, are all within close proximity to the proposed site. Initial plans indicate total project cost of approx. CAN $50 million and a possible opening date in late 2018.
"We are absolutely thrilled and honored to have been selected as the successful applicant by the Board of Horse Racing Alberta. Together with the great success of Century Downs in the Calgary market, this is another important milestone for Century Casinos," the Company's Co CEOs Erwin Haitzmann and Peter Hoetzinger said. "The location at Edmonton International Airport offers great potential as this is the only remaining untapped casino market area of greater Edmonton ," they continued.
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, 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 eight 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 thirteen ship-based casinos onboard ships of TUI Cruises, Thomson Cruises, Windstar Cruises and Diamond Cruise International. 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.