Century Casinos announces extended closure of Polish gaming facilities

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Colorado Springs headquartered gaming operator Century Casinos has documented an extended closure of its Poland-based venues due to heightened restrictions to combat the spread of COVID-19.

Towards the end of December the company announced a temporary closure of its facilities within the country, a situation that has subsequently been extended. According to the latest figures, Poland has recorded 1.44m cases of COVID-19 with 33,407 deaths.

“The COVID-19 situation continues to evolve rapidly, and it currently appears that due to the pandemic’s current scope it will adversely impact the company at least through the first half of 2021,” Century Casinos said in a company statement on the extended closures.

Subsequently, the firm’s Polish casinos will remain shutdown until at least January 31, 2021, unless further extensions are announced, to comply with extended quarantines issued by the Polish government to contain the spread of coronavirus.

Furthermore, Century Casinos also updates that its Poland operating segment contributed four per cent of the group’s adjusted EBITDA for the three months of the year for the period ending September 30, 2020. 

Century Casinos, through its Austrian subsidiary, Century Resorts Management GmbH, holds a 66.6 per cent ownership interest in Casinos Poland, the owner and operator of eight casinos throughout Poland; and a 75 per cent ownership interest in Century Downs Racetrack and Casino in Calgary, Alberta, Canada.

The group also owns and operates casino establishments in Cripple Creek and Central City, Colorado; Cape Girardeau; Missouri; West Virginia; and Edmonton, as well as Century Bets, an off-track betting network provider in Alberta.