SEARCH NEWS:

 

Century Casinos Prices Offering

COLORADO SPRINGS, Colorado –- (PRESS RELEASE) -- Century Casinos, Inc. (Nasdaq: CNTY) announced today the pricing of its offering of 7,132,667 Austrian Depositary Certificates (ADCs), each representing one share of newly issued common stock, at EUR 5.78 per ADC (approximately US$ 7.00), resulting in an aggregate offering volume of approximately EUR 41 million (approximately US$ 50 million). Net proceeds of the offering after underwriting discount (before expenses) will be approximately EUR 39 million (approximately US$ 48 million).

The ADCs have been admitted to the prime market segment of the Vienna Stock Exchange, and trading in the ADCs on the Vienna Stock Exchange is expected to commence on October 12, 2005. Subject to customary closing conditions, the transaction is expected to close on October 13, 2005.

Bank Austria Creditanstalt AG is acting as global coordinator, lead manager and bookrunner of the Offering.

The ADCs are being sold pursuant to Century Casinos' shelf registration statement, which has been filed with and declared effective by the U.S. Securities and Exchange Commission.

< Gaming News