Century Casinos Announces Completion of Purchase

Century Casinos, Inc. announced today that, effective January 3rd, 2004,
through its wholly owned Austrian subsidiary, Century Management und
Beteiligungs GmbH, it has acquired an additional 40% of Casino Millennium
a.s., the company operating the casino in the Marriott Hotel in Prague,
Czech Republic. This transaction is the final step to complete an
agreement to purchase 50% of Casino Millennium. The investment by the
Company for the incremental 40% stake amounts to $711,000 and was paid by
contributing gaming equipment and advances receivable for original
pre-opening costs. In December 2002, the Company paid $236,000 cash for
the original 10% ownership
“We are pleased to complete the acquisition at this time. After
devastating floods in 2002, Casino Millennium returned to profitability in
2003”, said Erwin Haitzmann, Chairman and CEO.

The Company also announced that it expects to file Form 10-K for the
period ended December 31, 2003 with the Securities and Exchange Commission
and release earnings on or about March 5, 2004.

The Company`s annual meeting will be held on May 17th, 2004. The Company
will provide details on the meeting time and location to all stockholders
at a later date.

Century Casinos is an international casino company that owns and operates
Womacks Casino and Hotel in Cripple Creek, Colorado; owns and operates The
Caledon Casino, Hotel & Spa near Cape Town, South Africa; operates the
casinos aboard the ultra-luxury vessels of Silversea Cruises, The World of
ResidenSea, and Oceania Cruises; and owns 50% of, and manages the Casino
Millennium in the Marriott Hotel in Prague, Czech Republic. The Company
continues to pursue other international projects in various stages of