Welcome to Century Casino's Q1 2018 Earnings Conference Call. This call will be recorded. [Operator Instructions] 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 our earnings call. With me on the call are my co-CEO and the Chairman of Century Casinos, Erwin Haitzmann; as well as our Executive Vice President of Finance, Margaret Stapleton. Before we begin, we'd 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 provided 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 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 filing from this morning available in the Investor section of our website at www.cnty.com. We will now provide a brief overview of the company's financial results for the first quarter 2018, and following our prepared remarks, there will be a question-and-answer session. We are happy to report the 12% increase in net operating revenue, driven by strong performances in Canada, in Colorado and also in Poland. Adjusted EBITDA was 2% lower compared to last year. But that is actually pretty good, considering the situation in Poland, which I will describe a little later. Canada remains our strongest segment, generating 36% of our consolidated revenue, and 55% of our consolidated adjusted EBITDA. The Canadian operations grew revenues by 12% for the quarter, adjusted EBITDA by 21%. Looking at the Canadian results in local currency, our largest property, the Century Casinos Hotel, Edmonton,…

[Operator Instructions] Our first question comes from Mike Malouf of Craig-Hallum Capital. Please state your question.

A question on Poland, if you could. Can we talk a little bit about where the table hold was versus - we've had that sort of vacillate in the couple of quarters. And do you think it's sort of at the normal level? And then, in that March quarter and/or if not, how has it been in the last month or so?

Yes, Mike, the table hold was 21% in the quarter and that is the pretty normal rate. So as your remember in Q4 of last year, it was about half of that so we really got it there but now it has come back to normal.

Okay, that's great to know. And then, you said that the three other casinos that you have should be open by the early third quarter. How much visibility do you have on that? And what's the risk if that that could be pushed to maybe end of the fourth quarter?

Well, we know when they have started their relicensing process. We know how long the relicensing process has taken for the other casinos. And therefore, we have some visibility and we believe that it's pretty - when you say August, September that is that has a very high likelihood.

Okay, then final question. Can you quantify I think, how much impact weather had for you in Edmonton? And then specifically, with regards to the Denver operation was there any effect on weather with that one as well?

Not so much in Denver, no, not so much in Colorado. And you know the Canada; it's really hard to say. I mean, some industry observers say it's the high single digits, but we don't have any firm assumptions really.

Okay, all right. Thanks for the color. Appreciated.

Our next question comes from David Bain of Roth Capital. Please state your question.

I had a question on what we're looking at with the Alberta economy and its continuing to kind of pound out strong numbers. And I realized there were some weather issues, but you still managed to beat our numbers. But when there were periods with no weather disruption, are you noticing a difference in mix of players, number of players, spend per player? Is that economic rebound starting to come through and the numbers are a little bit more than we've seen in previous quarters?

Yes, we have seen these - we're seeing a slight uptick in the number of visits and the spend per visit.

In the number of visits and the spend per visit?

Yes, we get to seeing that it's quite strong.

Okay, fantastic. That's it from me.

There are no further questions at this time. I would now return the call to Mr. Hoetzinger.

Thank you for your interest in Century Casinos and your participation in the call. 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. Thank you for attending.