In Poland, American casino operator Century Casinos Incorporated has announced that its Casinos Poland Limited subsidiary has received official government approval to move one of its downtown Warsaw venues to a much larger site inside the capital city’s Hilton Warsaw Hotel And Convention Centre.
Colorado Springs-based Century Casinos Incorporated holds a 66% stake in the eight-venue Casinos Poland Limited and is also responsible for Century Casino-branded properties in the Colorado towns of Cripple Creek and Central City. It revealed that it now intends to relocate its subordinate’s 3,000 sq ft Warsaw gambling enterprise located in the LIM Centre a little over a mile away to a space once occupied by Olympic Entertainment Group’s 17,000 sq ft Olympic Casino Sunrise.
“We are excited about this new location and believe it has the potential to contribute significantly to Casinos Poland Limited’s successful performance,” read a statement from Erwin Haitzmann and Peter Hoetzinger, Co-Chief Executive Officers for Century Casinos Incorporated, which additionally operates four venues in the western Canadian province of Alberta and was recently given permission to begin constructing a fifth near the city of Edmonton.
Century Casino Incorporated declared that the location inside the Hilton Warsaw Hotel And Convention Centre is already ‘well established’ as a casino location and that it will refurbish the site before beginning operations with approximately 70 slots and 24 gaming tables in the second half of June.
Olympic Entertainment Group’s Casino Polonia-Wroclaw subsidiary was forced to shutter its Olympic Casino Sunrise in late-September after failing to receive a license extension for the Warsaw property and subsequently filed for bankruptcy as its nine-month operating loss grew by some 577.7% to hit almost $9.2 million.
Also the firm behind almost 160 casinos, betting shops and gaming centers in Estonia, Latvia, Lithuania, Slovakia, Belarus, Italy and Malta, Olympic Entertainment Group had earlier detailed that the Olympic Casino Sunrise had recorded gross gaming revenues of over $10.2 million alongside an operating profit of roughly $545,400 for the first six months of 2016 to account for around ten percent of Casino Polonia-Wroclaw’s total business.