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International Guild of Hospitality & Restaurant Managers
Century Casinos, Inc. (NasdaqSC:CNTY)
200-200 E. Bennett Ave.
Cripple Creek, CO 80813
Phone: (719) 689-9100
Fax: (719) 689-9700
Email:
investor@cnty.com
Employees (last reported count): 550
Century Casinos, Inc. (CCI)
is an international gaming company. Wholly owned subsidiaries of CCI include
Century Casinos Management, Inc. (CCM), Century Casinos Nevada, Inc. (CCN, a
dormant subsidiary), Century Management u. Beteiligungs GmbH and WMCK-Venture
Corp. CCM manages Casino Millennium located within a hotel in Prague, Czech
Republic, and the Company serves as concessionaire of small casinos on luxury
cruise vessels operated by Silversea Cruises and The World of ResidenSea. The
Company regularly pursues additional gaming opportunities internationally and in
the United States.
Womacks Casino and Hotel, Cripple Creek, Colorado
Womacks Casino and Hotel has approximately 682 slot machines, six limited stakes
gaming tables and 21 hotel rooms. It also has two restaurants.
Century Casinos Caledon (Pty) Ltd.
Century Casino is located in Caledon, South Africa. Casino gaming in South
Africa is unlimited wagering, where each casino can set its own limits. As a
result, the relationship between table games revenues and slot revenues
resembles more traditional gaming markets (unlike Cripple Creek where over 97%
of gaming revenues are derived from the slot machines).
Casino Millennium
In January 1999, the Company, through CCM, entered into a 20-year agreement with
Casino Millennium a.s., a Czech company, and with B.H. Centrum a.s., a Czech
subsidiary of Bau Holding AG, a construction and development company in Europe,
to operate a casino in the five-star Marriott Hotel in Prague, Czech Republic.
The Company provides casino management services in exchange for 10% of the
casino's gross revenue, and has provided gaming equipment for 45% of the
casino's net profit. The hotel and casino opened in July 1999.
Silversea Cruises
In May 2000, the Company signed a five-year casino concession agreement with
Silversea Cruises, a six-star cruise line based in Fort Lauderdale, Florida. The
agreement gives the Company the exclusive right to install and operate casinos
aboard four Silversea vessels. The Company operates each shipboard casino for
its own account and pays concession fees based on gross gaming revenue.
The World of ResidenSea
On August 30, 2000, the Company signed a five-year casino concession agreement
with ResidenSea Ltd., the operator of The World of ResidenSea, which is a luxury
residential resort community at sea continuously circumnavigating the globe.
ResidenSea offers private residences onboard a ship for purchase by customers.
The ResidenSea vessel has a total of 110 residences and 88 guest suites. The
Company has equipped the casino with 20 slot machines and three tables. It
operates the shipboard casino, which departed for its maiden voyage in March
2002. The Company operates the shipboard casino for its own account and pays
concession fees based on gross gaming revenue.
Disclaimer:
The data included within the Financial section is solely for information
and does not construe a recommendation and/or endorsement by IGHRM or its
members to invest funds with any of the companies listed. You are strongly
advised
to obtain professional advice with qualified individuals or corporations for any
investments of funds.
© 1999-2001 International Guild of Hospitality and Restaurant Managers
Inc. All rights reserved.
ighrm@hospitalityguild.com