COLORADO SPRINGS, CO, December 19 / PRNewswire-FirstCall / – Century Casinos, Inc.. (Nasdaq: CNTY and the Vienna Stock Exchange) announced today that the company plans to develop and operate a casino in Croydon in Greater London, United Kingdom.
Century Casinos partner in this project is Westmead Business Group Limited, owner and operator of hotels and Airport House Aerodrome Hotel in Croydon. The project includes a large casino (as defined by the law on gambling, UK Gambling Act 2005) with an area of ??at least 16,000 square feet for customers for a minimum of 30 gaming tables and 150 slot machines, expansion of the hotel which will offer 150 rooms, two restaurants and several bars, a fitness center, a convention center can accommodate 300 people, the museum’s current airport and offices equipped with all services.
The Aerodrome Hotel in Croydon, one of the best hotels in Croydon, was opened in 1928 to serve Croydon Airport, the first international airport in the world. It is frequented mostly by passengers and flight crews, and many celebrities such as King George VI, Amy Johnson, Douglas Fairbanks, Mary Pickford and Charlie Chaplin stayed there. It enjoys an ideal location near the A23, with quick and easy access to central London (30 minutes) by road or train, the network of motorways in the United Kingdom by the M25 and M23 and to Gatwick (20 minutes) and Heathrow (in 45 minutes). More than 700,000 people with more disposable income than the average in the UK live within 20 minutes by car from the place.
“The proposed casino near hotels Airport House and Aerodrome Hotel in Croydon promises to become a mid-size casinos busiest in the country,” said Peter Hoetzinger, Co-CEO and president of Century Casinos, Inc.. “The provisions of the new law on the play, allowing new casinos to offer table games, slot machines and entertainment international level, and the excellent location and demographic context of the proposed site, make this project an ideal place for the establishment of our first casino in the UK, “said Mr. Hoetzinger.
John Power, President of Westmead Business Group, for his part said: “The regeneration of the Aerodrome Hotel will have a positive effect on the economy and the Croydon area of ??south London. We are delighted to be working with Century Casinos to this project which will offer a casino in Croydon and a place of luxury entertainment. ”
Westmead Business Group and Century Casinos will work to obtain permits relating to the plan and zoning for the proposed project and to submit requests for licenses to operate the casino under the new Gambling Act (UK Gambling Act) as soon the commission on gambling (Gambling Commission) accept these newly created requests (probably during the second half of 2006).
Century Casinos, Inc..
Century Casinos, an international casino sector, owns and operates the Womacks Casino and Hotel in Cripple Creek, Colorado, and the Caledon Hotel, Spa & Casino near Cape Town, South Africa. The company operates casinos aboard ship Silver Wind, Silver Cloud, Silver Whisper, The World of ResidenSea, and the vessels of Oceania Cruises. She holds a 50% interest in Casino Millennium in the Marriott Hotel in Prague, Czech Republic, and she provides technical services. She finally has a majority stake in development projects, casino and hotel in Central City, Colorado and Edmonton, Alberta, where it began construction. The company takes part in other international projects are in various stages of completion.
The address of the U.S. office is: 1263 A Lake Plaza Dr, Colorado Springs, CO 80906. We may contact these offices by phone at (719) 527-8300, by fax at (719) 527-8301 and by email at investor@cnty.com. For more information about Century Casinos, visit the company web site, at www.centurycasinos.com. The common shares of Century Casinos are traded on Nasdaq under the symbol CNTY.
This document may contain forward-looking statements that are subject to risks and uncertainties. Other important factors that could cause actual results to differ materially from those projected in the forward-looking statements include the factors of economic, competitive and governmental factors affecting the operations, markets, services and prices society, as well as other factors described in its filings with the Securities and Exchange Commission, including its recent filings on Form 10-K, 10-Q and Form 8-K. Century Casinos disclaims any obligation to revise or update any forward-looking statements may be made from time to time by it or on its behalf.