Century Casinos Announces Pricing of Public Offering of Common Stock

COLORADO SPRINGS, Colorado, Nov. 17, 2017 /PRNewswire/ -- Century Casinos, Inc. (NASDAQ Capital Market®: CNTY) announced today that it has priced an underwritten public offering of 4,250,000 shares of its common stock at a price to the public of $7.50 per share. Net proceeds, after underwriting discounts and commissions and estimated offering costs, are expected to be approximately $30.2 million. The Company intends to use up to $25.0 million of the net proceeds received from the offering to fund construction costs for the Century Mile project, with the remaining net proceeds used to invest in additional gaming projects and for working capital and other general corporate purposes. The Company has granted the underwriters a 30‑day option to purchase up to 637,500 additional shares of its common stock. The offering is expected to close on or about November 21, 2017, subject to satisfaction of customary closing conditions.

Stifel and Roth Capital Partners are acting as the joint book-running managers for the offering. Craig-Hallum Capital Group and Union Gaming Securities are acting as co-managers for the offering.

The securities described above are being offered by Century Casinos pursuant to a registration statement previously filed and declared effective by the Securities and Exchange Commission (SEC). A final prospectus supplement and accompanying prospectus relating to this offering will be filed with the SEC. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. When available, copies of the final prospectus supplement and the accompanying prospectus relating to this offering may be obtained from Stifel, Nicolaus & Company, Incorporated, Attention: Syndicate, One Montgomery Street, Suite 3700, San Francisco, California 94104, by telephone at [phone] or by email at [e-mail] and from Roth Capital Partners, LLC, 888 San Clemente Drive, Newport Beach, CA 92660, by telephone at [phone]. Electronic copies of the final prospectus supplement and accompanying prospectus will also be available on the website of the SEC at www.sec.gov.