DELAWARE
|
84-1271317
|
(State
or other jurisdiction of
incorporation
or organization)
|
(I.R.S.
Employer
Identification
No.)
|
Large
accelerated filer ¨
|
Accelerated
filer þ
|
Non-accelerated
filer ¨
|
Smaller
reporting company ¨
|
|||
(Do
not check if a smaller reporting company)
|
Page
|
|||
PART
I
|
FINANCIAL
INFORMATION
|
Number
|
|
Item
1.
|
Condensed
Consolidated Financial Statements (unaudited)
|
||
Condensed
Consolidated Balance Sheets as of March
31, 2008 and December 31, 2007
|
3
|
||
Condensed
Consolidated Statements of Earnings for the Three Months Ended March 31,
2008 and 2007
|
4
|
||
Condensed
Consolidated Statements of Comprehensive Earnings for the Three Months
Ended March 31, 2008 and 2007
|
5
|
||
Condensed
Consolidated Statements of Cash Flows for the Three Months Ended March 31,
2008 and 2007
|
6
|
||
Notes
to Condensed Consolidated Financial Statements
|
8
|
||
Item
2.
|
Management’s
Discussion and Analysis of Financial Condition and Results of
Operations
|
14
|
|
Item
3.
|
Quantitative
and Qualitative Disclosures About Market Risk
|
24
|
|
Item
4.
|
Controls
and Procedures
|
24
|
|
PART
II
|
OTHER
INFORMATION
|
||
Item
1A.
|
Risk
Factors
|
25
|
|
Item
6.
|
Exhibits
|
26
|
|
SIGNATURES
|
27
|
Amounts
in thousands, except for share information
|
March 31, 2008
|
December 31, 2007
|
||||||
ASSETS
|
||||||||
Current
Assets:
|
||||||||
Cash
and cash equivalents
|
$ | 13,129 | $ | 17,850 | ||||
Restricted
cash
|
127 | 112 | ||||||
Receivables,
net
|
805 | 798 | ||||||
Prepaid
expenses
|
1,113 | 1,234 | ||||||
Inventories
|
425 | 442 | ||||||
Other
current assets
|
448 | 426 | ||||||
Deferred
income taxes – foreign
|
228 | 247 | ||||||
Total
current assets
|
16,275 | 21,109 | ||||||
Property
and Equipment, net
|
124,538 | 131,877 | ||||||
Goodwill
|
14,873 | 15,217 | ||||||
Casino
Licenses
|
9,082 | 10,780 | ||||||
Deferred
Income Taxes – domestic
|
4,243 | 3,318 | ||||||
– foreign
|
769 | 971 | ||||||
Equity
Investment
|
13,649 | 11,974 | ||||||
Other
Assets
|
2,820 | 2,837 | ||||||
Total
|
$ | 186,249 | $ | 198,083 |
LIABILITIES
AND SHAREHOLDERS’ EQUITY
|
||||||||
Current
Liabilities:
|
||||||||
Current
portion of long-term debt
|
$ | 7,876 | $ | 8,745 | ||||
Accounts
payable and accrued liabilities
|
9,508 | 9,389 | ||||||
Accrued
payroll
|
2,061 | 2,230 | ||||||
Taxes
payable
|
3,470 | 3,534 | ||||||
Deferred
income taxes – domestic
|
5 | 5 | ||||||
Total
current liabilities
|
22,920 | 23,903 | ||||||
Long-Term
Debt, less current portion
|
47,943 | 55,919 | ||||||
Other
Long-Term Accrued Liabilities
|
436 | 463 | ||||||
Minority
Interest
|
5,124 | 5,809 | ||||||
Commitments
and Contingencies
|
||||||||
Shareholders’
Equity:
|
||||||||
Preferred
stock; $.01 par value; 20,000,000 shares authorized; no shares
issued or outstanding
|
- | - | ||||||
Common stock; $.01 par value;
50,000,000 shares authorized; 23,875,443 and 23,668,443 shares issued,
respectively;
|
||||||||
23,864,067
and 23,657,067 shares outstanding, respectively
|
239 | 237 | ||||||
Additional paid-in
capital
|
72,200 | 71,223 | ||||||
Accumulated other
comprehensive earnings
|
4,052 | 7,735 | ||||||
Retained
earnings
|
33,361 | 32,820 | ||||||
109,852 | 112,015 | |||||||
Treasury
stock – 11,376 shares at cost
|
(26 | ) | (26 | ) | ||||
Total
shareholders’ equity
|
109,826 | 111,989 | ||||||
Total
|
$ | 186,249 | $ | 198,083 |
For
the three months
ended
March 31,
|
||||||||
Amounts
in thousands, except for share information
|
2008
|
2007
|
||||||
Operating
revenue:
|
||||||||
Gaming
|
$ | 19,404 | $ | 19,972 | ||||
Hotel,
food and beverage
|
3,273 | 2,867 | ||||||
Other
|
524 | 493 | ||||||
Gross
revenue
|
23,201 | 23,332 | ||||||
Less
promotional allowances
|
2,221 | 2,188 | ||||||
Net
operating revenue
|
20,980 | 21,144 | ||||||
Operating
costs and expenses:
|
||||||||
Gaming
|
8,171 | 8,153 | ||||||
Hotel,
food and beverage
|
2,558 | 2,571 | ||||||
General
and administrative
|
6,794 | 5,823 | ||||||
Depreciation
|
2,265 | 2,019 | ||||||
Total
operating costs and expenses
|
19,788 | 18,566 | ||||||
Earnings
from equity investment
|
460 | - | ||||||
Earnings
from operations
|
1,652 | 2,578 | ||||||
Non-operating
income (expense):
|
||||||||
Interest
income
|
69 | 274 | ||||||
Interest
expense
|
(1,573 | ) | (1,932 | ) | ||||
Other
income, net
|
185 | 828 | ||||||
Non-operating
(expense), net
|
(1,319 | ) | (830 | ) | ||||
Earnings
before income taxes, minority interest and preferred
dividends
|
333 | 1,748 | ||||||
(Benefit)
provision for income taxes
|
(372 | ) | 324 | |||||
Earnings
before minority interest and preferred dividends
|
705 | 1,424 | ||||||
Minority
interest in subsidiary (earnings) losses, net
|
(111 | ) | 337 | |||||
Preferred
dividends issued by subsidiary
|
(53 | ) | (219 | ) | ||||
Net
earnings
|
$ | 541 | $ | 1,542 | ||||
Earnings
per share:
|
||||||||
Basic
|
$ | 0.02 | $ | 0.07 | ||||
Diluted
|
$ | 0.02 | $ | 0.06 |
For
the three months
ended March 31,
|
||||||||
Amounts
in thousands
|
2008
|
2007
|
||||||
Net
earnings
|
$ | 541 | $ | 1,542 | ||||
Foreign
currency translation adjustments
|
(3,683 | ) | (1,514 | ) | ||||
Comprehensive
(loss) earnings
|
$ | (3,142 | ) | $ | 28 |
For
the three months
ended March 31,
|
||||||||
Amounts
in thousands
|
2008
|
2007
|
||||||
Cash
Flows from Operating Activities:
|
||||||||
Net
earnings
|
$ | 541 | $ | 1,542 | ||||
Adjustments
to reconcile net earnings to net cash provided by operating
activities:
|
||||||||
Depreciation
|
2,265 | 2,019 | ||||||
Imputed
interest
|
1 | 44 | ||||||
Amortization
of share-based compensation
|
348 | 14 | ||||||
Amortization
of deferred financing costs
|
137 | 110 | ||||||
Deferred
tax expense
|
(824 | ) | (166 | ) | ||||
Minority
interest in subsidiary earnings (losses)
|
111 | (337 | ) | |||||
Earnings
from unconsolidated subsidiary
|
(460 | ) | - | |||||
Other
|
(4 | ) | - | |||||
Excess
tax benefits from stock-based payment arrangements
|
(24 | ) | (62 | ) | ||||
Changes
in operating assets and liabilities:
|
||||||||
Receivables
|
(49 | ) | 4 | |||||
Prepaid
expenses and other assets
|
18 | (1,235 | ) | |||||
Accounts
payable and accrued liabilities
|
354 | (3,855 | ) | |||||
Accrued
payroll
|
(62 | ) | (366 | ) | ||||
Taxes
payable
|
179 | 1,555 | ||||||
Net
cash provided by (used in) operating activities
|
2,531 | (733 | ) | |||||
Cash
Flows from Investing Activities:
|
||||||||
Purchases
of property and equipment
|
(1,160 | ) | (1,839 | ) | ||||
Decrease
in restricted cash
|
- | 218 | ||||||
Investment
in G5 Sp. z o.o.
|
- | (2,016 | ) | |||||
Proceeds
from disposition of assets
|
158 | - | ||||||
Net
cash used in investing activities
|
(1,002 | ) | (3,637 | ) |
For
the three months
ended March 31,
|
||||||||
Amounts
in thousands
|
2008
|
2007
|
||||||
Cash
Flows from Financing Activities:
|
||||||||
Proceeds
from borrowings
|
$ | 4,125 | $ | 7,823 | ||||
Principal
repayments
|
(10,149 | ) | (20,523 | ) | ||||
Excess
tax benefits from stock-based payment arrangements
|
24 | 62 | ||||||
Deferred
financing charges
|
(7 | ) | (20 | ) | ||||
Proceeds
from exercise of options
|
607 | 106 | ||||||
Net
cash used in financing activities
|
(5,400 | ) | (12,552 | ) | ||||
Effect
of Exchange Rate Changes on Cash
|
(850 | ) | (1,238 | ) | ||||
Decrease
in Cash and Cash Equivalents
|
(4,721 | ) | (18,160 | ) | ||||
Cash
and Cash Equivalents at Beginning of Period
|
17,850 | 34,969 | ||||||
Cash
and Cash Equivalents at End of Period
|
$ | 13,129 | $ | 16,809 |
Amounts
in Thousands
|
For
the three months
ended March 31,
|
|||||||
2008
|
2007
|
|||||||
Interest
paid
|
$ | 1,212 | $ | 1,703 | ||||
Income
taxes paid
|
$ | 4 | $ | - |
March 31, 2008
|
December 31, 2007
|
March 31, 2007
|
||||||||||
Canadian
Dollars (CAD)
|
1.02790 | 0.9881 | 1.1529 | |||||||||
Czech
Koruna (CZK)
|
15.9860 | 18.2240 | 20.9160 | |||||||||
Euros
(€)
|
0.6328 | 0.6849 | 0.7478 | |||||||||
Polish
Zloty (PLN)
|
2.2278 | 2.4703 | 2.8916 | |||||||||
South
African Rand (ZAR)
|
8.1450 | 6.8618 | 7.2968 |
Amounts
in thousands
|
||||
Investment
in Casinos Poland Ltd.
|
$ | 9,164 | ||
Accounts
payable and accrued liabilities
|
(497 | ) | ||
Long-term
debt, including intercompany debt assumed
|
(6,651 | ) | ||
Cash
paid
|
$ | 2,016 |
Amounts
in thousands
|
As
of
|
|||
March 31, 2008
|
||||
Balance
Sheet:
|
||||
Current
assets
|
$ | 6,668 | ||
Noncurrent
assets
|
$ | 23,127 | ||
Current
liabilities
|
$ | 20,085 | ||
Noncurrent
liabilities
|
$ | 2,036 |
For
the Three Months ended March 31, 2008
|
||||
Operating
Results:
|
||||
Net
operating revenue
|
$ | 16,277 | ||
Net
earnings
|
$ | 1,380 |
For
the three months
ended
March 31,
|
||||||||
Amounts
in thousands
|
2008
|
2007
|
||||||
Food
& Beverage and Hotel
|
$ | 814 | $ | 689 | ||||
Free
Plays or Coupons
|
810 | 788 | ||||||
Player
Points
|
597 | 711 | ||||||
Total
Promotional Allowances
|
$ | 2,221 | $ | 2,188 |
|
For
the three months
ended
March 31,
|
|||||||
Amounts
in thousands
|
2008
|
2007
|
||||||
Benefit
for U.S. federal income taxes
|
$ | (788 | ) | $ | (62 | ) | ||
Benefit
for state income taxes
|
(113 | ) | (9 | ) | ||||
Provision
for foreign income taxes
|
529 | 395 | ||||||
Total
(benefit) provision for income taxes
|
$ | (372 | ) | $ | 324 |
Amounts
in thousands
|
For
the three months
ended
March 31, 2008
|
For
the three months
ended
March 31, 2007
|
|||||||||||||||||||||||
Pre-tax
income
|
Income
tax
|
Tax
rate
|
Pre-tax
income
|
Income
tax
|
Tax
rate
|
||||||||||||||||||||
Canada
|
$ | 722 | $ | 227 | 31.4 | % | $ | (52 | ) | $ | (22 | ) | 42.3 | % | |||||||||||
United
States
|
(2,836 | ) | (901 | ) | 31.8 | % | (613 | ) | (71 | ) | 11.6 | % |
(a)
|
||||||||||||
South
Africa
|
878 | 255 | 29.0 | % | 839 | 369 | 44.0 | % | |||||||||||||||||
Mauritius
|
1,367 | 41 | 3.0 | % | 1,522 | 46 | 3.0 | % | |||||||||||||||||
Austria
|
(119 | ) | 6 | -5.0 | % | 18 | 2 | 11.1 | % | ||||||||||||||||
Czech
Republic
|
(139 | ) | - | - | 34 | - | - | ||||||||||||||||||
Poland
|
460 | - | - | - | - | - | |||||||||||||||||||
Total
|
$ | 333 | (372 | ) | -111.7 | % | $ | 1,748 | $ | 324 | 18.5 | % |
|
Basic
and diluted earnings per share for the three months ended March 31, 2008
and 2007 were computed as follows:
|
Amounts
in thousands, except
for share information
|
For
the three months
ended
March 31,
|
|||||||
2008
|
2007
|
|||||||
Basic
Earnings Per Share:
|
||||||||
Net
earnings
|
$ | 541 | $ | 1,542 | ||||
Weighted
average common shares
|
23,302,562 | 23,027,661 | ||||||
Basic
earnings per share
|
$ | 0.02 | $ | 0.07 | ||||
Diluted
Earnings Per Share:
|
||||||||
Net
earnings
|
$ | 541 | $ | 1,542 | ||||
Weighted
average common shares
|
23,302,562 | 23,027,661 | ||||||
Effect
of dilutive securities using the treasury stock method:
|
||||||||
Stock
options and warrants
|
329,514 | 950,566 | ||||||
Dilutive
potential common shares
|
23,632,076 | 23,978,227 | ||||||
Diluted
earnings per share
|
$ | 0.02 | $ | 0.06 |
For
the three months
ended
March 31,
|
||||
2008
|
2007
|
|||
Stock
options and warrants
|
77,500
|
-
|
||
Unvested
restricted stock
|
400,000
|
-
|
Long-Lived
Assets*
|
||||||||
Amounts
in thousands
|
March
31, 2008
|
December
31, 2007
|
||||||
United
States
|
$ | 74,990 | $ | 75,782 | ||||
International:
|
||||||||
Canada
|
$ | 35,752 | $ | 37,419 | ||||
Africa
|
36,099 | 42,979 | ||||||
Europe
|
15,301 | 13,668 | ||||||
Total
international
|
87,152 | 94,066 | ||||||
Total
|
$ | 162,142 | $ | 169,848 |
Net
Operating Revenue
|
||||||||
For
the Three Months
Ended
March 31,
|
||||||||
Amounts
in thousands
|
2008
|
2007
|
||||||
United
States
|
$ | 7,291 | $ | 8,580 | ||||
International:
|
||||||||
Canada
|
$ | 5,557 | $ | 4,152 | ||||
Africa
|
6,931 | 7,037 | ||||||
Europe
|
1,201 | 1,375 | ||||||
Total
international
|
13,689 | 12,564 | ||||||
Total
|
$ | 20,980 | $ | 21,144 |
-
|
The
Century Casino & Hotel in Edmonton, Alberta,
Canada;
|
-
|
Womacks
Casino & Hotel in Cripple Creek,
Colorado;
|
-
|
The
Century Casino & Hotel in Central City,
Colorado;
|
-
|
The
Caledon Hotel, Spa & Casino near Cape Town, South
Africa;
|
-
|
The
Century Casino & Hotel in Newcastle, South Africa;
and
|
-
|
The
Century Casino Millennium in the Marriott Hotel in Prague, Czech
Republic.
|
For
the Three Months Ended
|
||||||||
March 31, 2008
|
March 31, 2007
|
|||||||
Canadian
Dollars (CAD)
|
1.0046 | 1.1694 | ||||||
Czech
Koruna (CZK)
|
17.0697 | 21.2867 | ||||||
Euros
(€)
|
0.6678 | 0.7593 | ||||||
Polish
Zloty (PLN)
|
2.3871 | N/A | ||||||
South
African Rand (ZAR)
|
7.5502 | 7.2243 |
For
the Three Months
Ended
March 31,
|
||||||||
2008
|
2007
|
|||||||
Gaming
revenue
|
$ | 19,404 | $ | 19,972 | ||||
Net
operating revenue
|
20,980 | 21,144 | ||||||
Total
operating costs and expenses
|
19,788 | 18,566 | ||||||
Earnings
from equity investments
|
460 | - | ||||||
Earnings
from operations
|
1,652 | 2,578 | ||||||
Net
earnings
|
541 | 1,542 | ||||||
Earnings
per share
|
||||||||
Basic
|
0.02 | 0.07 | ||||||
Diluted
|
0.02 | 0.06 |
For
the Three Months
Ended
March 31,
|
||||
2008
|
2007
|
|||
Century
Casino & Hotel (Edmonton, Alberta, Canada)
|
$
|
5,557
|
$
|
4,152
|
Womacks
(Cripple Creek, Colorado)
|
2,882
|
4,059
|
||
Century
Casino & Hotel (Central City, Colorado)
|
4,407
|
4,515
|
||
The
Caledon Hotel, Spa & Casino (Caledon, South Africa)
|
4,218
|
4,384
|
||
Century
Casino & Hotel (Newcastle, South Africa)
|
2,713
|
2,653
|
||
Casino
Millennium (Prague, Czech Republic)
|
518
|
669
|
||
Cruise
Ships
|
683
|
706
|
||
Casinos
Poland (Poland)(1)
|
-
|
-
|
||
Corporate
|
2
|
6
|
||
Net
operating revenue
|
$
|
20,980
|
$
|
21,144
|
(1)
|
Acquired
March 12, 2007 and accounted for as an equity
investment.
|
For
the Three Months
Ended
March 31,
|
||||||||
2008
|
2007
|
|||||||
Century
Casino & Hotel (Edmonton, Alberta, Canada)
|
$ | 1,557 | $ | 703 | ||||
Womacks
(Cripple Creek, Colorado)
|
(134 | ) | 904 | |||||
Century
Casino & Hotel (Central City, Colorado)
|
81 | 365 | ||||||
The
Caledon Hotel, Spa & Casino (Caledon, South Africa)
|
1,195 | 1,417 | ||||||
Century
Casino & Hotel (Newcastle, South Africa)
|
646 | 640 | ||||||
Casino
Millennium (Prague, Czech Republic)
|
(126 | ) | 76 | |||||
Cruise
Ships
|
84 | 84 | ||||||
Casinos
Poland (Poland)
(1)
|
460 | - | ||||||
Corporate
|
(2,111 | ) | (1,611 | ) | ||||
Earnings
from operations
|
$ | 1,652 | $ | 2,578 |
(1)
|
Acquired
March 12, 2007 and accounted for as an equity
investment.
|
Three
Months
Ended
March 31,
|
||||||||||||||||
2008
|
2007
|
Variance
|
Percentage
Variance
|
|||||||||||||
Gaming
|
$ | 19,404 | $ | 19,972 | $ | (568 | ) | (2.8 | %) | |||||||
Hotel,
food and beverage
|
3,273 | 2,867 | 406 | 14.2 | % | |||||||||||
Other
|
524 | 493 | 31 | 6.3 | % | |||||||||||
Gross
revenue
|
23,201 | 23,332 | (131 | ) | (0.6 | %) | ||||||||||
Less
promotional allowances
|
(2,221 | ) | (2,188 | ) | (33 | ) | 1.5 | % | ||||||||
Net
operating revenue
|
$ | 20,980 | $ | 21,144 | $ | (164 | ) | (0.8 | %) |
Three
Months
Ended
March 31,
|
||||||||||||||||
2008
|
2007
|
Variance
|
Percentage
Variance
|
|||||||||||||
Gaming
|
$ | 8,171 | $ | 8,153 | $ | 18 | 0.2 | % | ||||||||
Hotel,
food and beverage
|
2,558 | 2,571 | (13 | ) | (0.5 | %) | ||||||||||
General
and administrative
|
6,794 | 5,823 | 971 | 16.7 | % | |||||||||||
Depreciation
|
2,265 | 2,019 | 246 | 12.2 | % | |||||||||||
Total
operating costs and expenses
|
$ | 19,788 | $ | 18,566 | $ | 1,222 | 6.6 | % |
Three
Months
Ended
March 31,
|
||||||||||||||||
2008
|
2007
|
Variance
|
Percentage
Variance
|
|||||||||||||
Interest
income
|
$ | 69 | $ | 274 | $ | (205 | ) | (74.8 | %) | |||||||
Interest
expense
|
(1,573 | ) | (1,932 | ) | 359 | (18.6 | %) | |||||||||
Gains
of foreign currency translation and other
|
185 | 828 | (643 | ) | (77.7 | %) | ||||||||||
Non-operating
expense
|
$ | (1,319 | ) | $ | (830 | ) | $ | (489 | ) | 58.9 | % |
3.1
|
Certificate
of Incorporation is hereby incorporated by reference to Century Casinos’
Proxy Statement for the 1994 Annual Meeting of
Stockholders.
|
3.2
|
Amended
and Restated Bylaws of Century Casinos, Inc., is hereby incorporated by
reference from Exhibit 11.14 to Century Casinos’ Quarterly Report on Form
10-Q for the quarterly period ended June 30, 2002.
|
4.1
|
Rights
Agreement, dated as of April 29, 1999, between the Company and the
American Securities Transfer & Trust, Inc., as Rights Agent, is hereby
incorporated by reference from Exhibit 1 to Century Casinos Form 8-A dated
May 7, 1999.
|
4.2
|
First
Supplement to Rights Agreement dated April 2000, between Century Casinos,
Inc. and American Securities Transfer & Trust, Inc., as Rights Agent,
is hereby incorporated by reference from Exhibit A to Century Casinos’
Proxy Statement for the 2000 Annual Meeting of
Stockholders.
|
4.3
|
Second
Supplement to Rights Agreement dated July 2002, between Century Casinos,
Inc. and Computershare Investor Services, Inc. as Rights Agent, is hereby
incorporated by reference from Exhibit 11.13 to Century Casinos’ Quarterly
Report on Form 10-Q for the quarterly period ended June 30,
2002.
|
Certification
pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, Co
Chief Executive Officer.
|
|
Certification
pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, Co
Chief Executive Officer and President.
|
|
Certification
pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, Principal
Financial Officer.
|
|
Certification
pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, Chief
Accounting Officer.
|
|
Certification
pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, Co
Chief Executive Officer.
|
|
Certification
pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, Co
Chief Executive Officer and President.
|
|
Certification
pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, Principal
Financial Officer.
|
|
Certification
pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, Chief
Accounting Officer.
|
Exhibit
No.
|
Document
|
3.1
|
Certificate
of Incorporation is hereby incorporated by reference to Century Casinos’
Proxy Statement for the 1994 Annual Meeting of
Stockholders.
|
3.2
|
Amended
and Restated Bylaws of Century Casinos, Inc., is hereby incorporated by
reference from Exhibit 11.14 to Century Casinos’ Quarterly Report on Form
10-Q for the quarterly period ended June 30, 2002.
|
4.1
|
Rights
Agreement, dated as of April 29, 1999, between the Company and the
American Securities Transfer & Trust, Inc., as Rights Agent, is hereby
incorporated by reference from Exhibit 1 to Century Casinos Form 8-A dated
May 7, 1999.
|
4.2
|
First
Supplement to Rights Agreement dated April 2000, between Century Casinos,
Inc. and American Securities Transfer & Trust, Inc., as Rights Agent,
is hereby incorporated by reference from Exhibit A to Century Casinos’
Proxy Statement for the 2000 Annual Meeting of
Stockholders.
|
4.3
|
Second
Supplement to Rights Agreement dated July 2002, between Century Casinos,
Inc. and Computershare Investor Services, Inc. as Rights Agent, is hereby
incorporated by reference from Exhibit 11.13 to Century Casinos’ Quarterly
Report on Form 10-Q for the quarterly period ended June 30,
2002.
|
31.1
|
Certification
pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, Co
Chief Executive Officer.
|
31.2
|
Certification
pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, Co
Chief Executive Officer and President.
|
31.3
|
Certification
pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, Principal
Financial Officer.
|
31.4
|
Certification
pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, Chief
Accounting Officer.
|
32.1
|
Certification
pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, Co
Chief Executive Officer.
|
32.2
|
Certification
pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, Co
Chief Executive Officer and President.
|
32.3
|
Certification
pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, Principal
Financial Officer.
|
32.4
|
Certification
pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, Chief
Accounting Officer.
|