COLORADO SPRINGS, Colorado, October 7 /PRNewswire/ -- Century Casinos, Inc. (Nasdaq Capital Market(R) and Vienna StockExchange: CNTY) announced today that the company obtained the lastoutstanding approval for the sale of its South African subsidiary CenturyCasinos Africa (Pty) Limited ("CCA") by the KwaZulu-Natal Gambling Board. Thefinal payment for this transaction, a net cash amount of ZAR 98.8 million(approx. US$13 million), will be made to Century Casinos upon formalregistration of certain shareholder resolutions at the official registrar ofcompanies of South Africa, expected within approx. two weeks. The companyalready received a net cash amount of ZAR 253.5 million (US$32.8 million) atclosing on June 30, 2009.

An additional ZAR 17.3 million (US$2.3 million) released from retentionand ZAR 3.2 million (US$0.4 million) have been paid to the company onSeptember 29, 2009, as the net asset value ("NAV") of CCA at June 30, 2009exceeded the NAV at December 31, 2008 by ZAR 3.2 million.

"We are delighted about the completion of the final step of this salestransaction. Our South African investment and casino operations have providedexcellent returns for us. The total net cash proceeds of the sale of approx.US$48 million, or approx. US$2.00 per share, will be primarily used tofurther reduce the leverage of the company, to develop and/or acquire casinoprojects and potentially to repurchase shares of the company's common stock",stated Erwin Haitzmann and Peter Hoetzinger, Co CEOs of Century Casinos, Inc.

About Century Casinos, Inc.:

Century Casinos, Inc. is an international casino entertainment companythat owns and operates the Womacks Casino & Hotel in Cripple Creek, Colorado,the Century Casino & Hotel in Central City, Colorado, and the Century Casino& Hotel in Edmonton, Canada. The Company also operates casinos aboard fiveluxury cruise vessels (Silver Cloud, Regatta, Insignia, Nautica, MeinSchiff). Through its Austrian subsidiary, Century Casinos Europe GmbH, theCompany holds a 33.3% ownership interest in Casinos Poland Ltd., the ownerand operator of seven full casinos and one slot casino in Poland. CenturyCasinos, Inc. continues to pursue other international projects in variousstages of development.

For more information about Century Casinos, visit our website atwww.centurycasinos.com. Century Casinos' common stock trades on The NASDAQCapital Market(R) and the Vienna Stock Exchange under the symbol CNTY.

This release may contain "forward-looking statements" within the meaningof the Private Securities Litigation Reform Act of 1995. These statements arebased on the beliefs and assumptions of the management of Century Casinosbased on information currently available to management. Such forward-lookingstatements include, but are not limited to, statements regarding the proceedsfrom our sale of Century Casinos Africa, progress at and plans for ourcasinos and the impact of economic downturn. Such forward-looking statementsare subject to risks, uncertainties and other factors that could cause actualresults to differ materially from future results expressed or implied by suchforward-looking statements. Important factors that could cause actual resultsto differ materially from the forward-looking statements include, amongothers, the risks described in the sections entitled "Risk Factors" underItem 1A in our Annual Report on Form 10-K filed on March 16, 2009. CenturyCasinos disclaims any obligation to revise or update any forward-lookingstatement that may be made from time to time by it or on its behalf.