The subsidiary of Century Casinos, Inc., Casinos Poland Ltd., in which the group owns a 66.6 percent stake, reopened its eight casinos on Friday.
Until February 28, 2021, the government mandate to allow casinos to reopen is minimal and is expected to be reassessed by then.
In order to comply with a quarantine imposed by the Polish government to contain the spread of COVID-19, casinos across Poland were closed on December 28, 2020. Social distancing activities and strengthened health and safety procedures are included in the law lifting the lockout for casinos.
There is no guarantee that the casinos will be able to remain open beyond 28 February 2021; the Company will report such closures in its Form 10-K for the year ended 31 December 2020 if the casinos are forced to close again at that time.
Other Century Casinos
Century Casinos, Inc. is a company that offers casino entertainment. The Company owns and operates Century Casino & Hotels in Cripple Creek and Central City, Colorado, as well as in Edmonton, Alberta, Canada; Century Casino in Cape Girardeau and Caruthersville, Missouri, and St. Albert, Alberta, Canada; Mountaineer Casino, Racetrack & Resort in New Cumberland, West Virginia; Century Mile Racetrack and Casino (‘CMR’) in Edmonton, Alberta, Canada; and Century Bet Inc. Inc. (“CBS”). In southern and northern Alberta, CBS and CMR run the pari-mutuel off-track horse betting networks, respectively.
The Company holds a 66.6% equity interest in Casinos Poland Ltd., the owner and operator of eight casinos in Poland, through its Austrian subsidiary, Century Resorts Management GmbH (‘CRM’), and a 75 percent ownership interest in Century Downs Racetrack and Casino in Calgary, Alberta, Canada.
The Business runs four casinos based on ships. Via CRM, the company also holds a 7.5 percent stake in Mendoza Central Entretenimientos S.A., a company that offers gaming-related services to Casino de Mendoza in Mendoza, Argentina, and provides advisory services.
The Company continues to undertake other ventures in different phases of development.