COLORADO SPRINGS, Colorado, July 5 /PRNewswire/ --

Century Casinos, Inc. (Nasdaq: CNTY; Vienna Stock Exchange) announced
today that the Company has extended the existing casino concession agreement
for the operation of the casinos onboard the vessels of Miami based Oceania
Cruises, Inc. ("Oceania") for five years. Under this prolonged agreement
Century Casinos will run the casinos onboard the three luxurious 684-guest
ships, Regatta, Insignia and Nautica until 2012.

Century Casinos operates 15 gaming tables and 108 slot machines on
Oceania's three luxury cruise ships which are setting a worldwide standard
for luxury cruising with the finest cuisine at sea, luxurious accommodations,
exceptional personalized service and grand style.

About Century Casinos, Inc.:

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 Edmonton, Alberta, Canada, and the
Century Casino Millennium in the Marriott Hotel in Prague, Czech Republic;
operates the casinos aboard the Silver Cloud, The World of ResidenSea, and
the vessels of Oceania Cruises; owns a 65% interest in, and has a management
contract for, Century Casino & Hotel in Central City, Colorado. 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 casinos and one slot arcade in
Poland. The Company continues to pursue other international projects in
various stages of development.

For more information about Century Casinos, visit our new website at
http://www.centurycasinos.com. Century Casinos' common stock trades on The
NASDAQ Capital Market(R) and the Vienna Stock Exchange under the symbol CNTY.

This release may contain forward-looking statements that involve risks
and uncertainties. Among the other important factors which could cause actual
results to differ materially from those in the forward-looking statements are
economic, competitive, and governmental factors affecting the Company's
operations, markets, services and prices, as well as other factors detailed
in the Company's filings with the Securities and Exchange Commission,
including its recent filings on Forms 10-K, 10-Q, and 8-K. 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.

Web site: http://www.centurycasinos.com