Century Casinos, Inc. (NASDAQ Capital Market® and Vienna Stock Exchange: CNTY) announced today that construction at the Century Downs Racetrack and Casino has started.
Following the release of the stripping and grading permit on March 12, 2014, heavy machinery arrived on site to begin the earthwork. The company expects piling and foundation work for the casino to begin in April 2014.
United Horsemen of Alberta and Century Casinos chose Chandos Construction Ltd. as general contractor for the construction of the casino. Chandos Construction had delivered the company's Century Casino Edmonton in 2006 on time and on budget. For this project, Chandos Construction will work with prefabricated concrete panels for the walls of the casino building, which will facilitate a fast completion time of the project.
For the detailed planning of the racetrack Charles E. Coon and Sons, Inc. has been signed as track consultant. Charles E. Coon and Sons is renowned in the horse industry as specialist in track design, construction and maintenance.
Century Downs Racetrack and Casino is located less than one mile north of the city limits of Calgary and 4.5 miles from the Calgary International Airport. The location is ideally positioned exiting off the Queen Elizabeth II Highway, which is the main corridor between Calgary and Edmonton and one of the most heavily used highways in Western Canada, next to the CrossIron Mills shopping mall, a major regional attraction, and would capture both the north and the northwest Calgary markets, which do not currently have a casino.