COLORADO SPRINGSColor. , September 6, 2022 /CNW/ — Century Casinos, Inc. (Nasdaq Capital Market®: CNTY) (“Century Casinos” or the “Company”), announced that bet365 has released its web-based and mobile sports betting application using the one of the main licenses of the Company with the state of colorado.
The online sports betting operating agreement with bet365 is a 10-year agreement which includes a minimum annual revenue guarantee and a percentage of net gaming revenue payable to the company each year, together with an upfront fee, which were paid at the signing of the contract in May 2020.
bet365 is the world’s largest online sports betting company with annual sports betting revenues of almost $4 billion and more than 6,000 employees worldwide. On its world-class proprietary product, bet365 offers the widest range of ‘in-play’ sports betting events in the industry with over 75 sports covered and over 600,000 events streamed live each year to 80 million registered customers across more than 160 countries around the world. . Cultural and linguistic areas around the world are served using geo-specific content and 21 different languages to enhance the customer experience, which is further enhanced by offering 23 different deposit currencies and 50 payment methods. The bet365 brand is licensed in the UK, Malta, Gibraltar, Buenos Aires Town, Province of Buenos Aires, Bulgaria, Cyprus, Denmark, Estonia, Germany, Greece, Ireland, Italy, Mexico, Netherlandsthe Northern Territory of Australia, Ontario, Spain, Swedenand operates under a transactional waiver in the state of New Jersey.
bet365 has extensive experience working with local licensing, regulatory and reporting requirements across its global footprint and pays substantial license fees and fees in each of these jurisdictions. bet365 is recognized as an industry leader and is regularly celebrated for its expertise as the winner of prestigious industry awards, including eGaming Review Operator of the Year and Sportsbook Operator of the Year. ‘year. Currently they are rated #3 on the EGR Power 50.
About Century Casinos, Inc.:
Century Casinos, Inc. is a casino entertainment company. The Company owns and operates Century Casino & Hotels in Cripple Creek and Downtown, Coloradoand in Edmonton, Alberta, Canada; Century Casino Cape Girardeau and Caruthersville, Missouriand in St. Albert, Alberta, Canada; Mountaineer Casino, Racetrack and Resort at New Cumberland, West Virginia; and the Century Mile Racetrack and Casino at Edmonton, Alberta, Canada. Through its Austrian subsidiary, Century Resorts Management GmbH, the Company holds a 66.6% interest in Casinos Poland Ltd., owner and operator of eight casinos across Poland; a 75% stake in Century Downs Racetrack and Casino in Calgary, Alberta, Canada. Through his United States subsidiary, Century Nevada Acquisition, Inc., the Company holds a 50% interest in Smooth Bourbon, LLC, which owns the land and building of the Nugget Casino and Resort (the “Nugget”) in Sparks, Nevada. The Company has entered into an agreement to purchase 100% of the members’ interest in the Nugget and an agreement to purchase 100% of the interest in the Rocky Gap Casino Resort operations. The Company has also entered into an agreement to operate a casino on board a ship. The Company continues to pursue other projects at 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.
This release contains certain “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 – forward-looking statements may be identified by words such as “expect”, “anticipate”, “believe”, “intend”, “estimate”, “plan”, “target”, “objective”. or similar expressions, or future or conditional verbs such as “will”, “may”, “might”, “should”, “would”, “might” or similar variations. These statements are based on the beliefs and assumptions of Century Casinos management based on information currently available to management. These 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 these forward-looking statements. Although there is no guarantee that the list of risks and uncertainties or risk factors is complete, listed below are certain factors that could cause actual results to differ materially from those contained or implied. understood in the forward-looking statements, including: the risks associated with the sports betting business; the timing of the launch of the sports betting activity; the possibility that anticipated operating results and other benefits of the sports betting business will not be realized when anticipated or at all; local risks, including local competition, potential competition and legislative and regulatory risks; and other risks described in the section titled “Risk Factors” under Item 1A of the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, and in subsequent periodic and contemporaneous SEC filings that the Company may make. Century Casinos disclaims any obligation to revise or update any forward-looking statements that may be made from time to time by it or on its behalf.
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SOURCE Century Casinos, Inc.
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