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Mar 31, 2021
Century Casinos Q1 2021 Earnings Report
Announced first quarter 2021 results.
Key Takeaways
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.
Net operating revenue was $72.4 million, a decrease of 17% from the three months ended March 31, 2020.
Earnings from operations was $8.2 million, an increase of 126% from the three months ended March 31, 2020.
Net loss attributable to Century Casinos, Inc. shareholders was ($1.4) million, a change of 97% from the three months ended March 31, 2020.
Adjusted EBITDA was $14.7 million, an increase of 53% from the three months ended March 31, 2020.
Century Casinos
Century Casinos
Century Casinos Revenue by Geographic Location
Revenue by Geographic Location
United States Revenue
CapyFin.comCanada Revenue
CapyFin.comPoland Revenue
CapyFin.comCorporate and Other Revenue
CapyFin.com Forward Guidance
Company looks forward to the reopening of casinos in Poland and Canada and to a busy summer season in North America as the pandemic subsides.
Positive Outlook
- Reopening of casinos in Poland on May 8
- Casinos and racetracks reopening in Canada
- Busy summer season in North America as the pandemic subsides
Challenges Ahead
- COVID-19 pandemic has had an adverse effect on the Company’s 2020 and first quarter 2021 results of operations and financial condition
- The Company expects this situation will continue to have an adverse impact on its results in 2021
- The duration and ultimate impact of the COVID-19 pandemic otherwise remains uncertain
- The Company’s Canada properties are currently closed
- Its Poland casinos closed most recently on March 20, 2021
Revenue & Expenses
Visualization of income flow from segment revenue to net income