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Century Casinos Opens South African Casino on-Budget and Ahead of Schedule |
CRIPPLE CREEK, Colo., Oct. 11, 2000 - Today, in a formal ribbon cutting
ceremony attended by the Premier of the Western Cape Province � Gerald
Morkel, Century Casinos, Inc. (Nasdaq: CNTY) announced the opening of The
Caledon Casino, Hotel & Spa near Cape Town, South Africa.
The opening of the casino is the culmination of a process that began only one year ago when the Company secured the opportunity to pursue a gaming license in the Western Cape region of South Africa. Construction commenced soon after the April 13 award of the casino license and the project was held to a strict budget and timeline allowing the casino to open on schedule. The Caledon is the first casino to open out of only five casinos that will be licensed in the Western Cape province which has a population of well over 4 million. �Given that we received the gaming license only six months ago, it is a testament to our ability to deliver a project under strict time and budgetary constraints,� said Erwin Haitzmann, Chairman and CEO. �We look forward to operating this special resort with our partners and instituting development of the exciting future phases planned for the resort.� Century owns 50% of The Caledon Casino, Hotel, & Spa and will operate
the gaming facilities under a long-term management contract. In developing
the project, Century has joined forces with Fortes King Hospitality Group
(a local hotel ownership and management group) and with two local empowerment
groups� the Overberg Community Trust and the Overberg Empowerment Company.
The Caledon Casino, Hotel and Spa, located on 600 acres only one driving hour from Cape Town, will offer guests a blend of gaming, first class accommodation, fine food, natural spa baths and a wealth of opportunities for fun and relaxation. The complex will consist of six integrated components: 1) a full-service casino of 14 tables and 250 slot machines;
Zoning approval has already been secured for the anticipated future
development of the resort to include a championship golf course, 350 residential
or time-share units, additional hotel accommodation and further retail
facilities.
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 Womacks Casino in Cripple Creek, Colorado; has a five-year casino concession aboard the Silver Shadow cruise vessel owned by six-star, ultra-luxury cruise line Silversea Cruises; and manages the Millennium Casino in Prague, Czech Republic, located in Prague�s new Marriott Hotel. The Company also has three new developments:
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Century Casinos 200 E. Bennett Ave. Cripple Creek, CO 80813. Telephone: (719) 689-9100 http://www.centurycasinos.com |
Also See | Century Casinos Opens the Millennium Casino in Prague, Czech Republic / July 1999 |
MGM Grand, Inc. Opens Temporary Casino Within the Sundome in Johannesburg, South Africa / Oct 1998 |