euro adhoc: Century Casinos,Inc. / Quartals- und Halbjahresbilanz / Century Casinos steigert Periodenüberschuss um 68% (D)

Ad hoc-Mitteilung übermittelt durch euro adhoc. Für den Inhalt ist der Emittent verantwortlich.

10.05.2006

Century Casinos, Inc. (The NASDAQ Capital Market® und Wiener Börse: CNTY) gab heute für das mit 31. März endende erste Quartal 2006 einen Periodenüberschuss von $1.690.000 bzw. $0,08 pro Aktie, verglichen mit $1.007.000 oder $0,07 pro Aktie für das am 31. März 2005 endende Vergleichsquartal, bekannt.

Für das am 31. März 2006 endende erste Quartal wies die Gesellschaft Nettoerlöse von $9.474.000, bzw. eine Steigerung von 2,7% gegenüber den in der Vergleichsperiode 2005 gemeldeten $9.228.000, aus. Auf Unternehmensebene konnten die Casinobetriebsmarge (definiert als Casinoüberschüsse dividiert durch Casinoerlöse) für das am 31. März 2006 endende Quartal auf 61,6% und die Hotel, Food und Beverage (F&B)-Betriebsmarge (definiert als Überschüsse aus dem F&B-Geschäft dividiert durch F&B-Erlöse) auf 43,3% gesteigert werden.

Die Anzahl durchschnittlich im Umlauf befindlicher Aktien betrug 22.380.567 für das erste Quartal 2006 gegenüber 13.748.011 im Vergleichszeitraum 2005.

Eine detailliertere Zusammenfassung der Ergebnisse des ersten Quartals 2006 kann der englischsprachigen Pressemeldung im Anhang entnommen werden. Daneben steht ab 10. Mai eine Präsentation der Quartalsergebnisse auf unserer Website unter www.centurycasinos.com/presentations zur Verfügung.

Über Century Casinos, Inc:

Century Casinos, Inc. ist ein internationales Casinounternehmen mit Sitz in Delaware, USA. Die Gesellschaft besitzt und betreibt das Womacks Casino und Hotel in Cripple Creek, Colorado, das Caledon Hotel, Spa & Casino in der Nähe von Kapstadt, Südafrika sowie das Casino Millennium im Marriott Hotel in Prag, Tschechien. Weiters besitzt die Gesellschaft (über ihre Tochtergesellschaft Century Casinos Africa (Pty) Limited) 60% an und erbringt technische Casinodienstleistungen für das Monte Vista Casino & Conference Centre in Newcastle, Südafrika. Darüber hinaus betreibt die Gesellschaft Casinos an Bord der Luxus-Kreuzfahrtschiffe Silver Wind, Silver Cloud, Silver Whisper, The World of ResidenSea, und den Schiffen von Oceania Cruises. Die Gesellschaft ist Eigentümer eines derzeit in Bau befindlichen Casino- und Hotelprojektes in Edmonton, Kanada und Mehrheitseigentümer eines in Bau befindlichen Casino- und Hotelprojektes in Central City, Colorado. Century Casinos, Inc. verfolgt laufend weitere internationale Casino-Projekte in verschiedenen Entwicklungsstufen.

Für weitere Informationen besuchen Sie unsere Homepage unter www.centurycasinos.com. Die Aktien der Gesellschaft werden unter dem Tickersymbol CNTY am NASDAQ Capital Market® und im Prime Market Segment der Wiener Börse gehandelt.

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 8K, which contain updated Risk Factors and other information. 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.

CENTURY CASINOS INCREASES YEAR-OVER-YEAR NET EARNINGS BY 68%

COLORADO SPRINGS, Colorado, May 10, 2006 - For the quarter ended March 31, 2006, Century Casinos, Inc. (NASDAQ Capital Market and the Vienna Stock Exchange:
CNTY) reported net earnings of $1,690,000, or $0.08 per share, compared to $1,007,000, or $0.07 per share, for the quarter ended March 31, 2005. The average weighted number of common shares outstanding was 22,380,567 for the quarter ended March 31, 2006 compared to 13,748,011 for the same period in 2005. Interest income increased $232,000 due to a higher level of cash on hand in the current period compared to the first quarter of 2005. Additionally, interest expense on non-capitalizable debt decreased $250,000 due to a decrease in our average debt balance on Womacks’ revolving credit facility and the previously reported renegotiation of high-interest debt at our Caledon operation. Adjusted EBITDA* (earnings before interest, income taxes, depreciation, amortization and minority interest) for the first quarter of 2006 was $2,388,000 compared to $2,395,000 in the first quarter of 2005.

For the quarter ended March 31, 2006, the Company reported net operating revenue of $9,474,000, a 2.7% increase over the $9,228,000 reported in the same 2005 period. Total earnings from operations were $1,528,000 in the first quarter of 2006 compared to $1,558,000 in the first quarter of 2005. On a company-wide basis, casino operating margins (defined as earnings from casino operations divided by casino operating revenue) for the quarter ended March 31, 2006 were 61.6% compared to 60.9% for the same period in 2005. On a company-wide basis, hotel, food and beverage ("F&B") operating margins (defined as earnings from F&B operations divided by F&B operating revenue) for the quarter ended March 31, 2006 were 43.3% compared to 37.5% for the same period in 2005.

Caledon

Three months ended March 31, 2006 vs. 2005

Caledon’s casino revenue increased 2.3% to $4,070,000 for the first quarter of 2006 compared to $3,978,000 reported in the first quarter of 2005. The deterioration of the Rand quarter over quarter has had a negative impact on the results reported in dollars. Additionally, the Easter holiday, typically one of the busier weekends of the year, occurred in the first quarter of 2005 and in the second quarter of 2006. Casino revenue, in Rand, increased by 7.1% to R25,102,000 compared to R23,431,000 in the first quarter of 2005. This increase is attributable to a 14.3% increase in the number of slot machines and an increase in table win per day of 43.5%. Casino expenses in Rand increased 4.8% from the first quarter of 2006 to the first quarter of 2005, a direct result of the growth in casino revenues. General and administrative expense for Caledon increased 18.2% to $687,000 in this quarter when compared to the first quarter of 2005 due to the outsourcing of security services, continued maintenance expenditures and increased gaming taxes. Depreciation expense decreased $85,000 period over period. Net earnings in the first quarter of 2006 were $1,125,000 compared to $1,044,000 in the first quarter of 2005, or a 7.8% increase.

Womacks

Three months ended March 31, 2006 vs. 2005

Womacks’ net operating revenue increased to $3,836,000 for the first quarter of 2006 compared to $3,805,000 reported for the same period in 2005. Total operating expenses decreased $251,000, or 8.1%, to $2,853,000 in the first quarter of 2006 from $3,104,000 in the first quarter of 2005, primarily the result of the removal of poor performing slot machines from the gaming floor, which reduced the amount of gaming taxes and other gaming related fees for the quarter. Casino margins improved to 66.8% for the first quarter of 2006 compared to 63.7% for the same 2005 quarter. Hotel, food and beverage margins increased to 64.6% for the current quarter from 55.2% for the quarter ended March 31, 2005, due to the closure of a poorly performing restaurant in the third quarter of 2005. Net earnings reported for Womacks in the first quarter of 2006 were $553,000 compared to $439,000 in the first quarter of 2005, a 26.0% increase.

Cruise Ships

Three months ended March 31, 2006 vs. 2005

Net operating revenue increased $204,000, or 31.2%, to $857,000 in the first quarter of 2006 from $653,000 in the first quarter of 2005. The Nautica, which was not in operation during the first quarter of 2005, contributed approximately $179,000 of total operating revenue for the first quarter of 2006. Operating expenses increased $204,000, or 42.4%, to $685,000 in the first quarter of 2006, primarily due to travel costs associated with rotating ship personnel and higher concession and other contractual fees paid to ship operators. Net earnings were $167,000 for each of the quarters ended March 31, 2006 and 2005.

The Company will post a slide show presentation of the results of operations for the first quarter of 2006 on its web site at www.centurycasinos.com/presentations on Wednesday, May 10, 2006.

About Century Casinos, Inc:

Century Casinos, Inc. is an international casino entertainment 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; owns and operates the Casino Millennium in the Marriott Hotel in Prague, Czech Republic; owns (through its subsidiary Century Casinos Africa (Pty) Limited) 60% of, and provides technical casino services to, the Monte Vista Casino & Conference Center, Newcastle, South Africa; operates the casinos aboard the Silver Wind, Silver Cloud, Silver Whisper, The World of ResidenSea, and the vessels of Oceania Cruises; owns and has begun construction on a casino and hotel development in Edmonton, Alberta, Canada; and owns a majority interest in, and has begun construction on, a casino and hotel development in Central City, Colorado. The Company continues to pursue other international projects in various stages of development.

For more information about Century Casinos, visit our web site at www.centurycasinos.com. Century Casinos’ common stock trades on The NASDAQ Capital Market® and the Vienna Stock Exchange 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.

CENTURY CASINOS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (unaudited)
Amounts in US $ thousands, except for share information

For The Three Months ended March 31, 2006 2005 OPERATING REVENUE: Casino $ 9,145 9,051 Hotel, food and beverage 1,082 1,228 Other 148 216 $ 10,375 10,495 Less promotional allowances 901 1,267 NET OPERATING REVENUE $ 9,474 9,228 OPERATING COSTS AND EXPENSES: Casino 3,513 3,541 Hotel, food and beverage 614 768 General & administrative 3,042 2,442 Property write-downs and other 7 (30) write-offs, net of (recoveries) Depreciation 770 852 Total operating costs and expenses 7,946 7,573 (Loss) from unconsolidated Subsidiary - (97) EARNINGS FROM OPERATIONS $ 1,528 1,558 NON-OPERATING INCOME (EXPENSE): Interest income 279 47 Interest expense (203) (453) Other income (expense), net 90 (14) Non-operating items from unconsolidated subsidiary - (1) Non-operating income (expense), net 166 (421) EARNINGS BEFORE INCOME TAXES AND MINORITY INTEREST $ 1,694 1,137 Provision for income taxes 356 156 EARNINGS BEFORE MINORITY $ 1,338 981 INTEREST Minority interest in subsidiary losses 352 26 NET EARNINGS $ 1,690 1,007 EARNINGS PER SHARE: Basic $ 0,08 0,07 Diluted $ 0,07 0,06 RECONCILIATION TO 2006 2005 ADJUSTED EBITDA* Net earnings $ 1,690 1,007 Minority interest (352) (26) Interest income (279) (47) Interest expense 203 453 Income taxes 356 156 Depreciation 770 852 ADJUSTED EBITDA* $ 2,388 2,395

CENTURY CASINOS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEET (unaudited)

March 31, 2006 December 31, 2005 ASSETS Current Assets $ 38,257 40,133 Other Assets 101,453 83,430 TOTAL ASSETS $ 139,710 123,563 LIABILITIES AND SHAREHOLDER'S EQUITY Current Liabilities $ 13,926 9,639 Non-Current Liabilities 31,669 22,593 Shareholders' Equity 94,115 91,331 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 139,710 123,563

*Adjusted EBITDA (Earnings before interest, income taxes, depreciation, amortization and minority interest) is not considered a measure of performance recognized under accounting principles generally accepted in the United States of America. Management believes that adjusted EBITDA is a valuable measure of the relative performance among its operating segments. The gaming industry commonly uses adjusted EBITDA as a method of arriving at the economic value of a casino operation. Management uses adjusted EBITDA to compare the relative operating performance of separate operating units by eliminating the interest income, interest expense, income tax expense, depreciation, amortization and minority interest expense associated with the varying levels of capital expenditures for infrastructure required to generate revenue, and the often high cost of acquiring existing operations. EBITDA (Earnings before interest, taxes, depreciation and amortization) is used by our lending institutions to gauge operating performance. The Company’s computation of Adjusted EBITDA may be different from, and therefore may not be comparable to, similar measures used by other companies.

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Rückfragen & Kontakt:

Ende der Mitteilung euro adhoc 10.05.2006 11:30:00
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Emittent: Century Casinos,Inc.
c/o Century Casinos Europe GmbH, Wipplinger Str. 30
A-1010 Wien
Telefon: +43/664/3553935
FAX: +43/1/53363334
Email: peter.hoetzinger@cnty.com
WWW: www.cnty.com
ISIN: AT0000499900
Indizes: WBI
Börsen: Amtlicher Handel: Wiener Börse AG
Branche: Glücksspiele
Sprache: Deutsch

Century Casinos Europe GmbH
Mag. Peter Hötzinger, CO-CEO
Tel.:0664/3553935
peter.hoetzinger@cnty.com
http://www.cnty.com

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