Gaming News

South Africa Court Grants Appeal for Casino License Case

CRIPPLE CREEK, Colorado – (Press release) -- Century Casinos, Inc. (Nasdaq: CNTY - News) announced today that Silverstar Development Limited ("Silverstar") informed the Company that the Supreme Court of Appeal of South Africa granted the Gauteng Gambling Board ("GGB") leave to appeal the October 20, 2003 judgment ordering the award of the casino license to Silverstar.

As previously reported, on October 20, 2003, a judgment had been handed down by the High Court of South Africa compelling the GGB to award a casino license to Silverstar for the western periphery of metropolitan Johannesburg. The GGB's application for leave to appeal that October 20, 2003 judgment was initially denied by Mr. Justice Mynhardt of the Pretoria High Court on November 11, 2003.

Silverstar informed the Company that it does not yet have any indication with regard to the timing of the appeal process.

Through its South African subsidiaries, Century is contracted to Silverstar by a long-term resort management agreement and retains a right of long standing to take up a minority equity interest in the venture although its final level of equity interest remains to be determined. The project would include a casino with 1,350 slot machines, 50 gaming tables, a hotel with conference facilities as well as numerous food and beverage outlets.

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