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Century Casinos Increases RCF to $26 Million

The Company currently has borrowings of approximately $11.6 million under the RCF, providing the Company with approximately $14.4 million in unused borrowing capacity. Under terms of the RCF, based on current market interest rates and adjustments, the Company is currently paying an interest rate of approximately 8.6% on its borrowings -- less than the current prime rate of 9.0%.

The Company currently has a debt-to-equity ratio of 62% and a 38% debt to capitalization as compared to the gaming industry average of 191% debt-to-equity and 66% debt to capitalization (according to Market Guide (TM) as of April 27, 2000). Combined with the increased RCF, the Company believes it is in a strong financial position as it looks to fund existing projects and continue its growth pursuits.

"We are pleased to increase and extend our banking relationship with Wells Fargo Bank -- one of the leading lenders to the gaming industry," said Erwin Haitzmann, Chairman and CEO of the Company. "This transaction provides us with greater financial flexibility to fund our current and potential gaming projects in South Africa, further improve and solidify existing operations in Cripple Creek, Colorado, consider prudent stock repurchases and pursue additional business developments."

Rick Bokum, Vice President of Wells Fargo Bank, stated: "We are very happy about this amendment that extends and expands our relationship with Century Casinos. Century has certainly demonstrated its ability to successfully run its operations in a highly competitive gaming market. This performance and their professionalism make our decision to extend their credit line an easy one."

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 Womacks Casino in Cripple Creek, Colorado and manages the Millennium Casino in Prague, Czech Republic, located in Prague's new Marriott Hotel. The Company is currently developing a casino resort in Caledon (a hot springs/spa resort), South Africa, located one driving hour east of Cape Town, where the Company was recently awarded a gaming license. The project is scheduled to open during the fourth quarter of this year. The Company is also pursuing other international projects in various stages of development. The address for corporate headquarters is 200 E. Bennett Ave (P.O. Box1006), Cripple Creek, CO 80813. Telephone: (719) 689-9100. Fax:(719) 689-9700. For more information about Century Casinos, visit the Company's web site at http://www.cnty.com, listen to the March 16, 2000 conference call via at http://www.vcall.com or listen to the executive interview at http://www.wallstreetreporter.com. Century Casinos' common stock trades on The Nasdaq Stock Market (R) under the symbol CNTY.

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