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Description Of Business | 12 Months Ended
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Dec. 31, 2012
Description Of Business [Abstract] |
Description Of Business | 1. DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION Century Casinos, Inc. (“CCI” or the “Company”) is an international casino entertainment company. As of December 31, 2012, the Company owned cas ino operations in North America, managed cruise ship-based casinos on international waters, and had a management contract to manage the casino in the Radisson Aruba Resort, Casino & Spa. The Company also owns a 33.3% ownership interest in Casinos Poland Ltd (“CPL”), the owner and operator of eight casinos in Poland. On October 11, 2012, the Company’s subsidiary Century Casinos Europe GmbH (“CCE”), signed an agreement with LOT Polish Airlines to acquire an additional 33.3% ownership interest in CPL. CCE has obtained a required approval from the co-shareholder in CPL, Polish Airports and from the Polish Minister of Finance. Upon closing of the transaction, CCE will own a 66.6% ownership interest in CPL. The purchase price is approximately $6.9 million, and the Company intends to pay for the investment by borrowing from the Company’s Bank of Montreal credit agreement (the “BMO Credit Agreement”). The Company also continues to pursue other projects in various stages of development.
Parent/Subsidiary Relationship | Abbreviation | Parent | Ownership Percentage | Country
Century Casinos, Inc. | CCI | n/a | n/a | United States
WMCK Venture Corp. | CRC | CCI | 100% | United States
Century Casinos Cripple Creek, Inc. | CCC | CRC | 100% | United States
WMCK Acquisition Corp. | ACQ | CRC | 100% | United States
Century Casinos Tollgate, Inc. | CTI | CCI | 100% | United States
CC Tollgate LLC | CTL | CTI | 100% | United States
Century Casinos Europe GmbH | CCE | CCI | 100% | Austria
Century Resorts International Ltd. | CRI | CCE | 100% | Mauritius
Century Resorts Alberta, Inc. | CRA | CRI | 100% | Canada
Century Casinos Poland Sp. z o.o. | CCP | CCE | 100% | Poland
Casinos Poland Ltd. | CPL | CCP | 33% | Poland
VICCO | VICCO | CCE | 100% | Poland
Century Casino Calgary | CAL | CCE | 100% | Canada
CCI serves as a holding company, providing corporate and administrative services to its subsidiaries. CRC owns and operates Century Casino & Hotel in Cripple Creek, a limited-stakes gaming facility in Cripple Creek, Colorado. CTI owns 100% of CTL. CTL owns and operates the Century Casino & Hotel, a limited-stakes gaming facility in Central City, Colorado. CCE acquired CRI from CCI on December 31, 2012. The reorganization of CRI simplifies the Company’s corporate structure and reduce s the complexity of intercompany financing and treasury functions. CCE acquired CCP on March 12, 2007 and VICCO on September 26, 2012. CCP owns 33.3% of all shares issued by CPL. CPL owns and operates nine casinos in Poland. CCE acquired CAL on January 13, 2010. CAL owns and operates the Century Casino Calgary, Alberta, Canada. CRI owns 100% of CRA. CRA owns and operates the Century Casino & Hotel in Edmonton, Alberta, Canada. CRI also serves as a concessionaire of small casinos on luxury cruise vessels.

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