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Austria – Century bids for Vienna licence

By - 10 June 2013

Century Casinos has applied for a casino license at Hotel InterContinental in Vienna, Austria.

As one of at least four companies applying for the license, Century Casinos is managing a consortium of Austrian individuals, entrepreneurs and investors. A 26 per cent share in and a management agreement with the newly established Century Betriebs AG makes Century the leader of the group. A decision to grant the 15-year license is expected in the fourth quarter of this year. There is no assurance that the company will be granted the concession by the Austrian Minister of Finance.

The company expects Century Betriebs AG to invest approximately US$18m if the casino concession will be granted. The casino would be developed in an elegant retro 1960’s style at the 450-room Hotel InterContinental, Vienna and target domestic and international tourists, business travellers, congress and convention guests as well as affluent domestic and European casino visitors. After a nine months construction period, the casino would offer approx. 300 slot machines and 25 gaming tables on a 16,000 square feet gaming floor. Hotel InterContinental is located in the city center of Vienna, within walking distance to famous places of interest and other luxurious hotels.

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