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Sunday, April 16, 2006

Century Casinos Acquires Casino Millennium Shares

Century Casinos, Inc. announced today that the Company has acquired the
remaining 50% of all issued and outstanding shares of Casino Millennium a.s.
("CM"), Prague, Czech Republic, that were owned by Strabag AG, a
non-affiliated Austrian company. The transaction has been closed on April
13, 2006.
The total consideration paid was $680,000, including the buyout of a
security deposit for the casino license in the amount of CZK 10 million
(approx. $425,000) which belongs to CM, the takeover of loans previously
granted to CM by Strabag and the purchase price for the 50% equity interest.

Since its opening in 1999, Casino Millennium, located in the 600 room
Marriott and Renaissance hotel, office and shopping complex, has established
its position as the premium casino in the heart of Prague with high
standards of customer service and hospitality.

posted by Jerry "Jet" Whittaker at 4/16/2006 10:43:00 AM

 

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