Welcome to Century Casinos’ Q3 2016 Earnings Conference Call. This call will be recorded. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. I would like to introduce our host for today’s call, Mr. Peter Hoetzinger. Mr. Hoetzinger, you may begin.

Good morning, everyone, and thank you for joining Century Casinos’ third quarter 2016 conference call. With me on the call are my Co-CEO, and the Chairman of Century Casinos, Erwin Haitzmann; and our Executive Vice President of Finance, Margaret Stapleton. Before we begin, we would like to remind you that we will be discussing forward-looking information, which involves a number of risks and uncertainties that may cause actual results to differ materially from our forward-looking statements. The Company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. We provide a detailed discussion of the various risk factors in our SEC filings and we encourage you to review these filings. In addition, throughout our call, we may refer to several non-GAAP financial measures, including but not limited to, adjusted EBITDA. Reconciliations of our non-GAAP performance and liquidity measures to the appropriate GAAP measures can be found in our news release and in the 10-Q filing from this morning, available in the Investor section of our website at www.cnty.com. We will now review the Company’s financial results and following our prepared remarks, there will be an opportunity to ask questions. In constant currency, net operating revenue for the quarter was up 4%, while adjusted EBITDA was down 6% year-over-year. Our strongest segment, which is Canada, which provides 43% of our consolidated EBITDA, so revenues decreased by 2% and adjusted EBITDA by 14%. The number one reason for these declines was the extensive construction remodel work going on during the quarter was in substantial disruptions on the gaming floor at our largest property the Century Casino & Hotel in Edmonton. We are pretty sure that without these disruptions not only the Canada segment would have generated revenue and EBITDA increases, but…

Thank you. Ladies and gentlemen at this time we will conduct the question-and-answer session. [Operator Instructions] We have a question from the line of a participant who’s information couldn’t be gathered. Caller, please state your name and company. Your line is open. Caller your line is open. And we have another question from the line of a participant who’s information couldn’t be gathered caller please state your name and company. Your line is open.

I’m sorry, do you hear me? This is Robert Labick from CJS Securities.

Yes, now we can hear.

Hey, Peter I’m not sure if you heard my first question.

No.

I was asking about the renovation Edmonton, how much did that cost in Q3? When did you complete the renovations and has traffic now improved in October?

Erwin, could you please comment on that?

Yes, yes. The total cost $2.5 million, renovation is done. And we are seeing the volume come back, it’s coming back again.

That’s great to hear. And as it relates to the recent tax rolling and pulling, can you give us any update on the outstanding employee union negotiation?

Still going on, right?

Still going on, yes, but we expect in as Peter earlier said efficient cost to the company.

Got it. And on the Apex acquisition I thought that you gave us pro forma results. Could you, I guess breakout what EBIT and D&A were in Q3? And then maybe just give us an update on the amount of synergies you hope to achieve and what the go forward EPS accretion could be?

Thank you. Could you answer the first part of the question, with regard to the breakout to the asset?

No, we don’t have that number yet Peter for Q3.

Anytime they will answer for the second part, we think we can pick-up few hundred thousand dollars to synergy.

Sure. And just when I think of EPS, I guess how should I think about the accretion going forward?

That we have not Robert, we have not available for the public. We have our internal estimates and we are excited about the acquisition, but we are not giving guidance as to the directly take them on EPS.

Okay, thank you. I’ll jump back in the queue.

Your next question comes from the line of Mark Rosenkranz from Craig-Hallum Capital Group. Your line is open.

Hey, good morning. Well, and thanks for taking the questions.

Hi, Mark.

I was wondering if you could comment a little on the cruise ships that you launched at the end of Q2. And it seems over there what’s kind of traction you’ve seen so far in this kind of the early results from those new ships that have been added to the fleet?

Yes, we’ve added three new ship casinos, one for the German market with three cruises, one for the British market and those two will probably operate pretty much in line with our existing out of 12 ships. So not really very meaningful synched units, but altogether it’s a nice segment. And to show them that we opened the space in Shanghai, China. We opened that a few months ago. It is cruising between China, Japan and South Korea catering mostly to the Chinese market and that’s ramping up very nicely we’re still figuring out a few things and trying to get the marketing rights then the stocking rights and everything. That one we believe has the potential to really be – we think that ship casino probably be the main driver of revenue in total terms for the next couple of years.

Okay, great. And then on the Century Mile first off congrats on the announcement that sounds like a great development. The $50 million projected cost, when do we expect the construction them to see and how do we kind of see that layering out over 2017 and 2018?

We’re working on that trend right now probably the most of it will be spent in the second – from the second quarter on.

Okay, great. Thanks for taking my questions.

Thank you, Mark.

[Operator Instructions] There are no further questions at this time. I turn the call back over to the presenter.

Thank you for your interest in Century Casinos and your participation today. For a recording of the call, please visit the financial results section of our website at cnty.com. Goodbye.

This concludes today’s conference call. You may now disconnect.