Turismo
Century Casinos enters Vietnamese gaming market
Golden plans to start managing the operations of Minh Chau within the next two months against a management fee of 26% of Minh Chau's profit.
The hotel offers 30 low-standard rooms and the international entertainment and gaming club currently offers seven electronic (table) games for non-Vietnamese passport holders under a provincial investment certificate that allows for up to 26 electronic games. Golden's intent is to upgrade and expand the hotel and gaming entertainment facilities.
Minority shareholders of Golden include a set of Asian investors with many years of experience in the gaming and hospitality industry in IndoChina.
The Company is aware of three other hotel and gaming operations along the 800 miles long Vietnamese - Chinese border, which compare to the Company's project as follows:
"We are excited about this opportunity to enter the Asian land-based gaming market with a relatively small initial investment but great upside development and investment potential," 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 Resorts Management GmbH ("CRM"), the Company holds a 66.6% ownership interest in Casinos Poland Ltd., the owner and operator of five casinos in Poland as of March 8, 2018 . The Company, through CRM, also holds 75% ownership interests in both Century Downs Racetrack and Casino, which operates in the north metropolitan area of Calgary, Alberta, Canada , and Century Bets! Inc., which operates the pari-mutuel off-track horse betting network in southern Alberta, Canada . The Company operates 13 ship-based casinos with four cruise ship owners. The Company, through CRM, 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 is also developing Century Mile Racetrack and Casino in Edmonton, Alberta, Canada and the Saw Close Casino in Bath, England . The Company continues to pursue other international projects in various stages of development.
Century Casinos' common stock trades on The Nasdaq Capital Market® under the symbol CNTY. For more information about Century Casinos, visit our website at www.cnty.com.
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