Century Casinos Earnings Reports

Century Casinos' Q4 2024 revenue declined by 4% to $137.8 million, with a net loss of $64.9 million due to a $43.7 million goodwill impairment charge at the Nugget Casino Resort. Adjusted EBITDAR decreased by 17% to $21.1 million. The company attributed weak performance to macroeconomic factors impacting consumer spending but expects improvements in 2025 with the opening of its new Missouri casino.

Century Casinos reported a 3% decrease in net operating revenue, totaling $155.7 million. However, earnings from operations increased by 24% to $17.9 million. The company experienced a net loss attributable to shareholders of $8.1 million, although this represents a 43% decrease in net loss compared to the previous year.

Century Casinos reported a 7% increase in net operating revenue to $146.4 million for Q2 2024, but experienced a net loss of $41.6 million, or $1.36 per share, due to a valuation allowance on US deferred tax assets and underperformance at the Nugget Casino Resort. The company is implementing cost-cutting initiatives and anticipates opening a new casino in Caruthersville, Missouri, ahead of schedule.

Century Casinos reported a 25% increase in net operating revenue to $136.0 million for Q1 2024, but experienced a net loss of $13.5 million, a significant decrease in earnings from operations, and an 18% decrease in Adjusted EBITDAR due to various disruptions and increased expenses.

Century Casinos reported a 39% increase in net operating revenue to $143.8 million for Q4 2023. However, earnings from operations decreased by 9% to $12.6 million, and the company experienced a net loss attributable to shareholders of $10.8 million. Adjusted EBITDAR increased by 17% to $25.4 million. Unanticipated licensing delays in Poland negatively impacted earnings.

Century Casinos reported a 43% increase in net operating revenue, reaching $161.2 million, and a 19% increase in Adjusted EBITDA, totaling $33.3 million. However, the company experienced a net loss attributable to shareholders of $14.2 million, influenced by one-time expenses related to acquisitions and sale leaseback transactions.

Century Casinos, Inc. reported a 23% increase in net operating revenue, reaching $136.8 million, driven by the addition of the Nugget Casino Resort. However, earnings from operations decreased by 10% to $18.6 million, and the company experienced a net loss attributable to shareholders of $2.0 million. The company completed the acquisition of Rocky Gap Casino Resort and is in the process of selling its Canadian real estate assets.

Century Casinos announced its Q1 2023 financial results, which showed an increase in net operating revenue by 5% and a significant increase in earnings from operations by 41%. However, the company experienced a net loss attributable to shareholders, and a loss per share.

Century Casinos, Inc. reported a decrease in net operating revenue by 3% to $103.8 million, a decrease in earnings from operations by 16% to $13.8 million, and a net loss attributable to shareholders of $4.0 million for the fourth quarter of 2022. The company's adjusted EBITDA also decreased by 13% to $21.7 million. Despite these declines, the company completed the relocation of its Caruthersville casino and remains on schedule with construction projects in Caruthersville and Cape Girardeau.

Century Casinos reported a decrease in net operating revenue and net earnings for the third quarter of 2022 compared to the same period in 2021. Net operating revenue was $112.6 million, a decrease of 4%, and net earnings attributable to Century Casinos, Inc. shareholders was $2.9 million, a decrease of 74%. The company cited reduced COVID-19 restrictions in Missouri in 2021, inflation, and riverboat expenses as contributing factors. However, the company is pursuing strategic acquisitions and developments, including the acquisition of Rocky Gap Casino Resort and the opening of a new hotel in Caruthersville.

Century Casinos reported a strong second quarter with record net operating revenue and Adjusted EBITDA, driven by improved performance in Canada following the removal of COVID-19 restrictions. The company also completed the first portion of its acquisition of the Nugget Casino Resort.

Century Casinos reported a strong first quarter with a 42% increase in net operating revenue, a 58% increase in earnings from operations, and a 115% increase in net earnings attributable to shareholders. The company also completed the first portion of its acquisition of the Nugget Casino Resort.

Century Casinos reported a 27% increase in net operating revenue to $107.3 million for Q4 2021. However, earnings from operations decreased by 12% to $16.4 million, and net earnings attributable to shareholders decreased by 41% to $4.0 million. Adjusted EBITDA increased by 36% to $24.9 million, and basic and diluted earnings per share were $0.13.

Century Casinos reported record net operating revenue of $116.6 million and net earnings attributable to shareholders of $11.2 million for the third quarter of 2021. The company's performance was driven by strong results across its United States, Canada, and Poland segments. They are planning to relocate the Caruthersville casino and build a hotel in Cape Girardeau.

Century Casinos, Inc. announced its Q2 2021 financial results, highlighting a 155% increase in net operating revenue to $92.2 million and a 957% increase in earnings from operations to $18.1 million compared to Q2 2020. The company achieved its highest quarterly Adjusted EBITDA in its history, driven by the reopening of all its properties and a focus on operational efficiency.

Century Casinos reported a net operating revenue of $72.4 million, a decrease of 17% compared to the same period last year. Earnings from operations was $8.2 million, an increase of 126% from the same period last year. Net loss attributable to Century Casinos, Inc. shareholders was ($1.4) million, and Adjusted EBITDA was $14.7 million, an increase of 53% from the same period last year.

Century Casinos, Inc. reported a 26% increase in net operating revenue and a 227% increase in earnings from operations for the fourth quarter of 2020, compared to the same period in 2019. The results were primarily driven by the company's US properties, which generated 82% of the Adjusted EBITDA for the quarter, even with closures in Canada and Poland impacting the results.

Century Casinos reported record third-quarter results, with net operating revenue and Adjusted EBITDA reaching all-time highs, driven by the acquisition of the Eldorado properties and a focus on streamlining the cost structure.

Century Casinos reported a net operating revenue of $36.1 million, a loss from operations of $2.1 million, and a net loss attributable to shareholders of $12.6 million for the second quarter of 2020. The results were significantly impacted by the COVID-19 pandemic and the acquisition of Mountaineer Casino, Racetrack & Resort, Century Casino Cape Girardeau and Century Casino Caruthersville.

Century Casinos reported a significant increase in net operating revenue, driven by the acquisition of new casinos. However, the COVID-19 pandemic and associated closures led to a substantial loss from operations and a net loss attributable to shareholders, including a $33.0 million impairment charge. Despite these challenges, Adjusted EBITDA increased, reflecting the underlying strength of the operations prior to the pandemic.

Century Casinos reported a 49% increase in net operating revenue for Q4 2019, driven by the acquisition of three casinos from Eldorado Resorts. However, the company experienced a significant decrease in earnings from operations and a net loss attributable to shareholders, mainly due to an impairment loss at Century Casino Bath.