Operator News
Poland – Casinos Poland opens new casino in Krakow
By Phil - 9 July 2018
Canadian-based casino group Century Casinos has opened a casino in Krakow, a southern Poland city near the border with Czech.
Century said that its 66.6 per cent-owned Polish subsidiary Casinos Poland now holds a total of eight casino licenses in Poland, as compared to seven a year ago.
After a rather turbulent few quarters where the official process for the award of casino licenses came under criticism especially for its late timing, which resulted in several casino closings throughout Poland, lost gaming tax revenue for the government and additional costs and expenses for the operators, Casinos Poland has been awarded a total of eight casino licenses with three in Warsaw and one each in Wroclaw, Katowice, Bielsko-Biala, Krakow and Lodz. Six casinos are already in operation with the third casino in Warsaw and the casino in Lodz will open next month.
As reported previously, the results of the second quarter 2018 will be significantly impacted by the additional costs and expenses associated with the temporary closure of several of the company’s casinos in Poland.
“We are very pleased that the important license tenders in Poland have now been completed and we will soon operate a total of eight casinos in Poland,” Erwin Haitzmann and Peter Hoetzinger, Co-Chief Executive Officers of Century Casinos said. “The Polish casino market continues to be robust and we look forward to generating solid and sustainable returns going forward,” they continued.
