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Century Casinos Completes Purchase

12 January 2004

CRIPPLE CREEK, Colorado – (Press Release) -- Century Casinos, Inc. (Nasdaq: CNTY) announced today that, effective January 3rd, 2004, through its wholly owned Austrian subsidiary, Century Management und Beteiligungs GmbH, it has acquired an additional 40% of Casino Millennium a.s., the company operating the casino in the Marriott Hotel in Prague, Czech Republic. This transaction is the final step to complete an agreement to purchase 50% of Casino Millennium. The investment by the Company for the incremental 40% stake amounts to $711,000 and was paid by contributing gaming equipment and advances receivable for original pre-opening costs. In December 2002, the Company paid $236,000 cash for the original 10% ownership

"We are pleased to complete the acquisition at this time. After devastating floods in 2002, Casino Millennium returned to profitability in 2003", said Erwin Haitzmann, Chairman and CEO.

The Company also announced that it expects to file Form 10-K for the period ended December 31, 2003 with the Securities and Exchange Commission and release earnings on or about March 5, 2004.

The Company's annual meeting will be held on May 17th, 2004. The Company will provide details on the meeting time and location to all stockholders at a later date.

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