Century Casinos Extends Poland-Based Venue Closure

Owing to increased restrictions to tackle the spread of COVID-19, Colorado Springs-based gaming operator Century Casinos has reported an extended closure of its Poland-based venues.

The company declared a temporary closure of its facilities within the country towards the end of December, a situation which was subsequently extended. Poland has recorded 1.44m cases of COVID-19 with 33,407 deaths, according to the latest estimates.

Adverse impact

In a company statement Century Casinos said: “The COVID-19 situation continues to evolve rapidly, and it currently appears that due to the pandemic’s current scope it will adversely impact the company at least through the first half of 2021.”

Subsequently, unless further extensions are announced, the Polish casinos of the group will remain shut down until at least January 31, 2021, in order to comply with the extended quarantines issued by the Polish government to contain the spread of coronavirus.

In addition, Century Casinos also updates that its Poland operating segment contributed four per cent of the Group’s adjusted EBITDA for the period ending on 30 September 2020 for the three months of the year.

Via its Austrian subsidiary, Century Resorts Management GmbH, Century Casinos holds a 66.6  percent stake in Casinos Poland, the owner and operator of eight casinos in Poland, and a 75 percent stake in Century Downs Racetrack and Casino in Calgary, Alberta, Canada.

Cripple Creek and Central City, Colorado, Cape Girardeau, Missouri, West Virginia, and Edmonton, as well as Century Bets, an off-track betting network provider in Alberta, are all owned and run by the company.