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EX-99.1 - EX-99.1 - CENTURY CASINOS INC /CO/cnty-20171117xex99_1.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549



FORM 8-K





CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 17, 2017





CENTURY CASINOS, INC.

(Exact Name of Registrant as specified in its charter)



      Delaware0-2290084-1271317

(State or other jurisdiction(Commission(I.R.S. Employer

of incorporation)File Number)    Identification Number)





            455 E. Pikes Peak Ave., Suite 210, Colorado Springs, Colorado           80903

   (Address of principal executive offices)  (Zip Code)



Registrant's telephone number, including area code:719-527-8300





Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:



 Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)



 Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)



 Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))



 Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))



Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act (17 CFR 230.405) or Rule 12b-2 of the Exchange Act (17 CFR 240.12b‑2).



Emerging growth company 



If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 




 



Item 7.01Regulation FD Disclosure.



On November 17, 2017, Century Casinos, Inc. (NASDAQ Capital Market®: CNTY) (the “Company”) announced today that it has priced an underwritten public offering of 4,250,000 shares of its common stock at a price to the public of $7.50 per share. Net proceeds, after underwriting discounts and commissions and estimated offering costs, are expected to be approximately $30.2 million. The Company intends to use up to $25.0 million of the net proceeds received from the offering to fund construction costs for the Century Mile project, with the remaining net proceeds used to invest in additional gaming projects and for working capital and other general corporate purposes. The Company has granted the underwriters a 30‑day option to purchase up to 637,500 additional shares of its common stock. The offering is expected to close on or about November 21, 2017, subject to satisfaction of customary closing conditions.



The information under Item 7.01 and in Exhibit 99.1 of this report is being furnished and shall not be deemed “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section. The information under Item 7.01 and in Exhibit 99.1 of this report shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.



Item 9.01     Financial Statements and Exhibits.



(d)  Exhibits





 

 

Exhibit No.

 

Description

99.1

 

Century Casinos, Inc. Press Release dated November 17, 2017. 





SIGNATURES



Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.





Century Casinos, Inc.



Date:  November 17, 2017By: /s/ Margaret Stapleton

Margaret  Stapleton

Executive Vice President and Principal Financial/Accounting Officer