Century Casinos Completes Transactions With Local Partners in Edmonton, Alberta, Canada

COLORADO SPRINGS, Colo., Feb. 28 /PRNewswire-FirstCall/ — Century Casinos, Inc. (NASDAQ:CNTY) . As previously announced, Century reported plans to develop and operate a casino and hotel in Edmonton, Alberta, Canada. On February 24, 2005, the transaction closed with the company, through a wholly owned subsidiary, having contributed cash in the amount of $3.0 million Canadian dollars ($2.4 million) in return for a controlling 56.4% interest. The company’s local partner, 746306 Alberta Ltd., contributed the 7.25 acre facility site and the 40 room hotel for a 43.6% interest. Century’s subsidiary, Century Resorts Alberta, Inc., is in the process of finalizing funding arrangements for the project.

Century Resorts Alberta, Inc. has already received a development permit from the City of Edmonton. The project is expected to cost $27.5 million Canadian dollars ($22.2 million) and includes a casino with 600 slot machines and approximately 31 table games, food and beverage amenities, a dinner theater, a 300 space underground parking garage and an existing 40-room hotel. Pre-demolition and pre-construction works have commenced and construction is expected to take approximately fourteen months from finalization of funding arrangements.

The company is currently in the final step of the eight step licensing process. As customary, the issuance of the license will occur at the completion of construction and after all federal and provincial legislation, regulation and policies, and municipal requirements, permits, licenses and/or authorizations have been met.

About Century Casinos, Inc.:

Century Casinos is an international casino company that owns and operates Womacks Casino and Hotel in Cripple Creek, Colorado; owns and operates The Caledon Hotel, Spa & Casino near Cape Town, South Africa; operates the casinos aboard the ultra-luxury vessels of Silversea Cruises, The World of ResidenSea, and Oceania Cruises; and owns 50% of, and provides technical casino services to the Casino Millennium in the Marriott Hotel in Prague, Czech Republic. The Company continues to pursue other international projects in various stages of development.

The address for the U.S. offices is 1263A Lake Plaza Dr., Colorado Springs, CO 80906. Telephone: (719) 527-8300. Fax: (719) 527-8301. E-Mail: investor@cnty.com. For more information about Century Casinos, please visit the Company’s web site at www.centurycasinos.com. Century Casinos’ common stock trades on The NASDAQ Stock Market(R) under the symbol CNTY.

This release may contain forward-looking statements that involve risks and uncertainties. Among the other important factors which could cause actual results to differ materially from those in the forward-looking statements are economic, competitive, and governmental factors affecting the company’s operations, markets, services and prices, as well as other factors detailed in the Company’s filings with the Securities and Exchange Commission, including its recent filings on Forms 10-K, 10-Q, and 8-K. 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.

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