Critically discuss why a hedging/risk management program may or may not be a value enhancing undertaking for Century Casinos, Inc from the perspective of the firm's shareholders. Factors to consider in your discussion should include whether it uses lots of debt/financial leverage, has growth opportunities, its ownership structure, has the presence of natural hedges, its tax situation, etc. What I do not want to hear from you is that risk management makes sense for your firm because it reduces risk