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Century Casinos Announces Expansion of its Polish Flagship Casino

George Miller

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Century Casinos Announces Expansion of its Polish Flagship Casino
Photo Credits: cnty.com
Reading Time: 2 minutes

 

Century Casinos, Inc. announced the opening of an additional gaming floor at its casino at the Marriott Hotel in Warsaw, Poland. The casino is operated by the company`s majority owned subsidiary, Casinos Poland Ltd.

At 08:00 p.m. CEST on May 30, 2019, approximately 800 guests were welcomed by Casinos Poland`s staff and were invited to explore the newly created 4,000 square feet gaming floor, featuring 15 gaming tables and 20 slot machines, two VIP rooms as well as a bar and lounge area. The casino is now offering a total of 35 gaming tables and 70 slot machines on a total gaming floor of approximately 12,000 square feet.

“We are excited about the substantial increase in the gaming offer of our Polish flagship casino and believe it will further strengthen Casinos Poland’s successful performance,” Erwin Haitzmann and Peter Hoetzinger, Co Chief Executive Officers of Century Casinos, said.

 

About Century Casinos, Inc.:
Century Casinos, Inc. is an international casino entertainment company that operates worldwide. The Company owns and operates Century Casino & Hotels in Cripple Creek and Central City, Colorado, and in Edmonton, Alberta, Canada; Century Casino in Calgary and St. Albert, Alberta, Canada and in Bath, England; and the Century Mile Racetrack and Casino (“CMR”) in Edmonton, Alberta, Canada. Through its Austrian subsidiary, Century Resorts Management GmbH (“CRM”), the Company holds a 66.6% ownership interest in Casinos Poland Ltd., the owner of seven casino licenses throughout Poland. The Company, through CRM, also holds 75% ownership interests in both CDR, which operates in the north metropolitan area of Calgary, Alberta, Canada; and Century Bets! Inc. (“CBS”); and a 51% ownership interest in Golden Hospitality Ltd., a company that manages a hotel and international entertainment and gaming club in Vietnam. The Company operates the northern and southern Alberta pari-mutuel off-track betting networks through CMR and CBS, respectively. The Company operates nine ship-based casinos under agreements with three cruise ship owners. The Company, through CRM, also owns a 7.5% interest in, and provides consulting services to, Mendoza Central Entretenimientos S.A., a company that provides gaming-related services to Casino de Mendoza in Mendoza, Argentina. The Company continues to pursue other international projects in various stages of development.

Century Casinos’ common stock trades on The Nasdaq Capital Market® under the symbol CNTY. For more information about Century Casinos, visit our website at www.cnty.com.

 

Source: Century Casinos, Inc.

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Robert Lewandowski Acquires Stakes in Polish Video Game Company

Niji Narayan

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Robert Lewandowski Acquires Stakes in Polish Video Game Company
Photo Source: straitstimes.com
Reading Time: < 1 minute

 

Ace football striker Robert Lewandowski has signed an investment deal with Movie Games, in a Polish manufacturer of sports-related video games, which has gained publicity during the coronavirus lockdown.

According to Movie Games, Lewandowski will become a shareholder in a company that is going to be started in launched by September to develop sports video games.

Lewandowski said in a statement released by Movie Games: “I see a huge potential in this segment.”

Mateusz Wczesniak, chief executive of Movie Games, also commented in the statement: “Robert’s football experience will be invaluable in sports video games production.”

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GVC Airs Black Market Concerns About New Gaming Legislation in Germany

Niji Narayan

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GVC HoldingsGVC Airs Black Market Concerns About New Gaming Legislation in GermanyQ1 Trading and COVID-19 Planning Update
Reading Time: 2 minutes

 

Gaming industry leader GVC has issued an early warning about the new gambling law in Germany, which is scheduled to be implemented in July 2021. The new legislation would allow the entry of any number of sports betting providers, virtual slot machines and online poker games. The law will also permit a a limited number of online casino game providers too.

This law results from an agreement signed between federal states, which gives the individual states the power to define the limits on their discretion on many aspects such as the design of gambling products and gambling advertisement.

The law advocates many restrictions too, some of which are the following:

  • A ban of live streaming on betting sites.
  • No commercial advertising on radio and internet for virtual slot machines, online poker and casino games between 6am and 9pm.
  • A one-minute delay for customers when they switch between different games on the same internet domain, such as from sports betting to virtual slot machines.
  • A five-minute delay when switching between different gambling sites.
  • A €1 stake limit on virtual slot machines.
  • In-play sports betting limited to the final score and associated markets..

GVC warns that the provisions in the legislation are inadequate to protect the players’ interests.  They might end up achieving a wholly unfulfilling gaming experience for users, the company suggests.

GVC’s main concern is that this legislation will render licensed products less attractive and less competitive than the unlicensed counterparts. This could result in a huge risk where customers will be attracted to the black market.

As per the new law, the 16 German states can prohibit or allow online casino table games, for example, and impose their own restrictions. According to GVC, this will create an unequal playing field that is in contrast with the EU law.

There is, therefore, a huge risk that customers will move to the black market, where there is zero responsibility, zero protection and zero tax being paid.

The new law requires sharing of player’s personal data between operators and authorities so as to prevent parallel play across providers. This could develop as a breach of EU’s data protection fundamental rights.

 

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RTSmunity strengthen their position on the european market with forBET partnership

George Miller

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RTSmunity strengthen their position on the european market with forBET partnership
Reading Time: < 1 minute

 

RTSmunity, esports odds and trading provider, continue their expansion on european betting market with new partnership. The new cooperation with polish sportsbook operator forBET comes in a time where many major sports are facing problems, and esports are working as a stable stream of revenue. Customers of forBET will now be able to experience the top esports offer, improved in every measurable aspect – number of markets, uptime, odds.

The partnership between RTSmunity and forBET confirms the strategy that RTSmunity outlined earlier this year, which is continuous expansion on the european market, combined with new partnerships in the US and LatAm region. With many sportsbook operators looking to esports in a new new perspective, forBET demonstrated ability to be fast and agile company, by quickly enhancing their esports betting offer through RTSmunity odds feed.

Pavol Krasnovský, CEO of RTSmunity, said: We are very happy to start a new partnership with forBET. They have been able to succeed in very competitive betting market in Poland, and bringing their esports offer to the top level is the obvious step forward. We are very confident in our solution, and we have demonstrated that we are able to make esports a growing stream of revenue for sportsbook operators.

Petr Pacinek, General Director of forBET, said: The cooperation we have just started is a clear signal of the way we have chosen – continuous improvement of our offer, in order to support growth of our market share. Esports betting is still a developing industry, but already very competitive, and you can’t succeed without having the best offer. That’s why we have chosen RTSmunity to be our new partner, and we count on them to bring us to the top.

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