Century Casinos (CNTY: 2.19 0.00%) announced today that a new Polish Gaming Law has been established to substantially reorganize and restructure the gaming market in Poland starting January 1, 2010.

Century Casinos owns 33.3% of Casino Poland Ltd. which owns and operates seven full casinos and one slot parlor in Poland.

The new legislation will eliminate all licenses for slot arcades and low wager betting machines outside of casinos over the next six years due to the expiration of the underlying licenses.

A maximum of 70 slot machines will continue to be permitted in casinos, but will warrant higher gaming taxes and higher fees for the gaming sector with the exception of duly organized poker tournaments and poker cash games.

The Poland’s constitutional court is expected to rule on whether or not the new legislation is “in line with the constitution” and future amendments may be considered.

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