Century Casinos Plans to Delist from Vienna Stock Exchange
COLORADO SPRINGS, Colo., Aug. 22, 2014 /PRNewswire/ -- Century Casinos, Inc. (NASDAQ Capital Market® and Vienna Stock Exchange: CNTY) announced today that the company initiated delisting from the Vienna Stock Exchange effective September 30, 2014 due to consistently low trading volume on that exchange. The NASDAQ Capital Market®, where the shares of the company have been listed since 1994, will remain as the exclusive stock exchange for the company.
Subject to the final decision of the Vienna Stock Exchange, on September 30, 2014, the Austrian Depositary Certificates (ADCs) of the company traded on the Vienna Stock Exchange (ISIN AT0000499900) will automatically be converted into the corresponding number of shares in Century Casinos, Inc., tradable on the NASDAQ Capital Market® (ISIN US1564921005). As before, holders of ADCs may request to exchange their ADCs for shares of common stock also prior to September 30, 2014, in accordance with the procedures of the depositary, bank or broker that holds the ADCs.
In order to ensure proper execution of trades prior to delisting, the last day of tradability of ADCs on the Vienna Stock Exchange is expected to be on September 23, 2014.
About Century Casinos, Inc.:
Century Casinos, Inc. is an international casino entertainment company that operates 30 casinos 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. The Company also operates casinos aboard 15 luxury cruise vessels (Regatta, Nautica, Insignia, Marina, Riviera, Mein Schiff 1, Mein Schiff 2, Mein Schiff 3, Wind Surf, Wind Star, Wind Spirit, Star Pride, Seven Seas Voyager, Seven Seas Mariner and Seven Seas Navigator) and the casino on the cruise ferry Nova Star. Through its Austrian subsidiary, Century Casinos Europe GmbH, the Company holds a 66.6% ownership interest in Casinos Poland Ltd, the owner and operator of nine casinos in Poland. The Company also manages the operations of the casino at the Radisson Aruba Resort, Casino & Spa in Aruba, Caribbean. The Company is currently developing a project in the north metropolitan area of Calgary, Alberta, Canada that will include a horse race track and other gaming, restaurant and entertainment facilities. Century Casinos, Inc. continues to pursue other international projects in various stages of development.
For more information about Century Casinos, visit our website at www.centurycasinos.com. Century Casinos' common stock trades on The NASDAQ Capital Market® and the Vienna Stock Exchange under the symbol CNTY.
This release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These statements are based on the beliefs and assumptions of the management of Century Casinos based on information currently available to management. Such forward-looking statements include, but are not limited to, statements regarding delisting of the ADCs, future results of operations and plans for our casinos and our Company. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially from the forward-looking statements include, among others, the risks described in the section entitled "Risk Factors" under Item 1A in our Annual Report on Form 10-K for the year ended December 31, 2013. Century Casinos disclaims any obligation to revise or update any forward-looking statement that may be made from time to time by it or on its behalf.
SOURCE Century Casinos, Inc.