No Peermont bid from Century Casinos and London & Regional

COLORADO SPRINGS, Colorado – (PRESS RELEASE) -- Century Casinos, Inc. (Nasdaq and Vienna Stock Exchange: CNTY) announced today that the Company and UK based London & Regional Properties ("L&R") have decided not to submit a firm offer for the entire issued ordinary share capital of Peermont Global Limited ("PGL").

Century and L&R continue to believe that PGL represents a strong company with many quality assets. We committed significant resources during our due diligence process to better understand not only the unique position and trading prospects for each asset, but also the complex legal and corporate structure under which PGL operates. Ultimately, Century and L&R were unable to sufficiently verify and support some of the key assumptions underpinning our initial, non-binding proposal. As a result, we are not in a position to put forward a superior unconditional offer given the existing time constraints.

We would like to thank the PGL board and senior management for the opportunity to conduct due diligence and for the time and effort that the management team and its advisers committed to the process.