Century Casinos (CNTY): To Build and Operate Horse Racing Facility in Edmonton

Destiny A. Lopez  |

Since its founding in 1992, Century Casinos (CNTY), a casino entertainment company, has been dedicated to establishing itself at the forefront of the mid-size casino market worldwide by providing top-notch customer service and entertainment experience. Headquartered in Colorado Springs, Colorado, Century Casinos, along with developing and operating gaming establishments worldwide, provides lodging, restaurant, and entertainment facilities related to gaming establishments.

Currently, the company’s brand portfolio boasts, among others, the following establishments:

  • Century Casino & Hotels in Cripple Creek and Central City, Colorado, and in Edmonton, Alberta, Canada.
  • Thirteen ship-based casinos onboard ships of TUI Cruises, Thomson Cruises, Windstar Cruises and Diamond Cruise International.

Also, Century Casinos Europe GmbH, Century Casinos Austrian subsidiary, the company holds a 66.6% ownership interest in Casinos Poland Ltd., which owns and operates eight casinos in Poland, along with holding a 75% ownership interest in both Century Downs Racetrack and Casino in and Century Bets!, also located in Alberta.

Recently, the company made its latest operational milestone public. In early Fall, the Board of Directors of Horse Racing Alberta selected Century Casinos as successful applicant to own, build and operate an "A" Track Horse Racing Facility in the Edmonton market area. Century Casinos beat out a number of other applicants following Northlands Park’s announcement of its plan to cease its racetrack and casino operations. Century Casinos proposed to build "Century Mile,” which, upon completion, will be the only one-mile racetrack in Western Canada.

"We are absolutely thrilled and honored to have been selected as the successful applicant by the Board of Horse Racing Alberta. Together with the great success of Century Downs in the Calgary market, this is another important milestone for Century Casinos," said the Company's Co-CEOs Erwin Haitzmann and Peter Hoetzinger. "The location at Edmonton International Airport offers great potential as this is the only remaining untapped casino market area of greater Edmonton.”

Lead by Erwin Haitzmann and Peter Hoetzinger, Century Casinos’ co-CEO’s are casino industry veterans. Haitzmann has 28 years of casino gaming experience, and Hoetzinger has held a number of managerial positions at various Austrian casino companies.

Furthermore, the Fall months continue to bring good news as the company recently completed its acquisition of Alberta-based Apex casino. The casino has been rebranded Century Casino St. Albert.

Thanks to an over two-decade reputation and continued efforts to expand their brand, Century Casinos continues to position itself at the forefront of its sector. Check out this company at the upcoming Sidoti Emerging Growth Convention. The investment community looks forward to future developments from the company.

To learn more about Century Casinos, visit www.cnty.com.

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