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 Century Casinos Opens the Millennium Casino in Prague, Czech Republic
 
CRIPPLE CREEK, Colo., July 9, 1999 -  Century Casinos, Inc. (Nasdaq: CNTY) today announced the opening of a new casino -- the Millennium Casino -- in Prague, the capital city of the Czech Republic. Century Casinos has an exclusive 20-year contract to manage all operations of the casino and to lease equipment to Casino Millennium a.s., a Czech company which holds the casino license. Century will be paid management fees based on the total revenues of the casino, and will receive equipment lease fees based on a percentage of net
profits. The casino officially opened on Wednesday, July 7, 1999 and the company expects to promote a grand opening celebration in the third quarter of this year.

The Millennium Casino is located in the heart of Prague -- a beautiful, economically thriving European city -- and is only a short walk east of Prague's Old Town Square. The casino is part of the Millennium Plaza complex, owned and developed by a wholly-owned subsidiary of Bau Holding a.g. -- one of the largest construction and development companies in Europe. The development includes a new, 300-room 5-star Marriott Hotel, an office complex, retail shops and a fitness center. The complex also has direct access to the public subway system and is
across the street from one of the leading upscale hotels in Prague, the 300-room Renaissance Prague, also managed by Marriott. The European-style casino is centrally located within the hotel and has direct access to and from all other entertainment facilities, including a shopping mall, restaurants and gift shops. It is also the only casino in the Prague market with a significant amount of adjacent, covered parking.

The new casino offers 15 gaming tables and 70 machines, a VIP gaming area, large screen TV's and Food Beverage service. The Millennium Casino also has the flexibility to expand into adjacent space thereby allowing the Company to increase the number of gaming tables and machines, if so desired. The Millennium Casino is the only casino in the Prague metro area with such advantages and is the largest casino in the Prague market.

"We are very pleased to announce the opening of the Millennium Casino," said Century Casinos' Chairman and CEO Erwin Haitzmann. "We look forward to introducing gaming technologies new to the Czech market such as electronic player tracking and innovative, state-of-the art gaming devices. We believe these advances will position Century as a technology leader in the European gaming marketplace and should assist us in developing key relationships as we continue to explore additional international casino opportunities."

About Century Casinos, Inc.

Century Casinos is an international casino company led by a team of gaming industry professionals who have developed and operated more than 100 casinos in 25 different countries.  The company owns and operates the Womacks Casino in Cripple Creek, Colorado, and is currently pursuing other international projects in various stages of development.  The address for corporate headquarters is Century Casinos, Inc., 200 E. Bennett Ave (PO Box 373), Cripple Creek, CO 80813.  Telephone: (719) 689-9100.  Fax: (719) 689-9700.

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 and 10-Q. 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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Chris Wrolstad, 
VP - Corporate Communications
303-296-9800, 
[email protected]
web site: www.cnty.com
 
Also See: Century Casinos Announces New Casino Project in Prague, Czech Republic / March 1998 

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