May 6th, 2008
In Canada, a national survey has found that young adults are more interested in ‘technology driven’ options such as online gambling than are their older counterparts.
According to a piece in the Montreal Gazette, pollster Allan Gregg told the 2008 Canadian Gaming Summit that one-third of Canadians said that they are gambling less than they did three years ago while those under 35 are more likely to be gambling more.
He told about 200 Summit participants that online sportsbetting and web-based poker games were considered acceptable forms of gambling by 56 per cent of those aged 18 to 34, according to a recent survey of 3,047 Canadians.
But, the same survey found that only 20 per cent of those over 55 and just 35 percent of those over 35 favoured online sports wagering. He stated that younger people were also more supportive of interactive online lottery games, buying lottery tickets through a mobile device or playing casino games for money via in-home televisions.
Paul Burns, Vice-President of the Canadian Gaming Association, told the newspaper that, although current laws prohibit most forms of electronic or online gambling in Canada, citizens spend up to $400 million a year over the Internet by accessing computer servers based in foreign jurisdictions or on the Mohawk reserve of Kahnawake.
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April 9th, 2008
Canadian Gaming Association claims gambling is “Canada’s largest and most financially significant entertainment industry.”
Gambling is Canadian’s favorite entertainment, according to a report by the Canadian Gaming Association released this week which claims that the pastime is: “Canada’s largest and most financially significant entertainment industry.” It accounts for 267 000 full-time jobs and contributes Cdn$15.3-billion a year to the economy.
The industry group’s latest report is based on 2006 data and reveals that 57 percent of gambling revenue - Cdn$8.7-billion - supports government services and charities. The other $6.6-billion “…was spent to sustain operations, paid out as salaries, and used to purchase goods and services.”
Canadian Press says that the gaming association’s research, described as the most comprehensive study ever conducted on the economic impact of gaming in Canada, found 135 000 people are directly employed in the industry, and indirect gambling-related employment such as food and entertainment services swells the total to 267 000 full-time jobs. For 2006, this translated into Cdn$11.6-billion in labor income, the association says.
“Gaming has grown significantly over the past decade to become an essential pillar of the entertainment industry in Canada,” association president Bill Rutsey said. “It is now demonstrably clear how the majority of spending in the industry goes directly back to Canadians in the form of paycheques, construction in communities, and revenues for the programs and services and charities that we value.”
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March 31st, 2008
COLORADO SPRINGS, Colo., Mar 7, 2008 (Canada NewsWire via COMTEX) — Century Casinos, Inc. (Nasdaq: CNTY; VSE) announced today that its Century Casino & Hotel in Edmonton, Canada, will host the St. Patrick’s Day Poker Tournament from March 10 - 15, 2008.
The format is a six-day Texas Hold’ Em tournament. Play starts daily at 7:30 PM with the top ten of each day advancing to the finals on March 15 at 2:00 PM.
For further information about the tournament schedule and rules, including price structure and levels, as well as for registration for the tournament, please visit: http://www.cnty.com/casinos/edmonton/casino/players-club/.
A live concert by two popular bands, Harlequin and Prism, will also take place at the 400-seat Century Showroom on March 15, the day of the Poker Tournament finals. This will be followed by concerts of April Wine on March 20 and Ian Mitchell’s Bay City Rollers on March 21. Alannah Myles, a true Canadian rock icon, will perform live on April 5.
Century Casinos, Inc. is an international casino entertainment company that owns and operates the Womacks Casino and Hotel in Cripple Creek, Colorado, the Century Casino & Hotel in Central City, Colorado, the Century Casino & Hotel in Edmonton, Alberta, Canada, and the Century Casino Millennium in the Marriott Hotel in Prague, Czech Republic. The Company also operates casinos aboard the Silver Cloud, The World of ResidenSea, and the vessels of Oceania Cruises. Through its subsidiary Century Casinos Africa (Pty) Limited, it owns and operates The Caledon Hotel, Spa & Casino near Cape Town, South Africa, as well as 60% of, and provides technical casino services to, Century Casino Newcastle, in Newcastle, South Africa. Furthermore, the Company’s Austrian subsidiary, Century Casinos Europe GmbH, holds a 33.3% ownership interest in Casinos Poland Ltd, the owner and operator of seven full casinos and one slot casino in Poland. The Company continues to pursue other international projects in various stages of development.
For more information about Century Casinos, visit our website at http://www.centurycasinos.com. Century Casinos’ common stock trades on The NASDAQ Capital Market(R: 60.56, -0.27, -0.44%) and the Vienna Stock Exchange under the symbol CNTY.
This release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the beliefs and assumptions of the management of Century Casinos based on information currently available to management. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially from the forward-looking statements include, among others, the risks described in the section entitled “Risk Factors” under Item 1A in our Annual Report on Form 10-K filed on March 16, 2007. Century Casinos disclaims any obligation to revise or update any forward-looking statement that may be made from time to time by it or on its behalf.
SOURCE: Century Casinos, Inc.
