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Jun 30, 2021

Century Casinos Q2 2021 Earnings Report

Century Casinos reported strong Q2 2021 results with significant revenue and earnings growth driven by the reopening of properties and effective cost management.

Key Takeaways

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.

Net operating revenue increased by 155% to $92.2 million compared to Q2 2020.

Earnings from operations increased by 957% to $18.1 million compared to Q2 2020.

Net earnings attributable to Century Casinos, Inc. shareholders increased by 154% to $6.9 million compared to Q2 2020.

Adjusted EBITDA increased by 1532% to $25.2 million compared to Q2 2020, marking the highest quarterly Adjusted EBITDA in the Company’s history.

Total Revenue
$92.2M
Previous year: $36.1M
+155.3%
EPS
$0.22
Previous year: -$0.43
-151.2%
Adjusted EBITDA
$25.2M
Gross Profit
$45.9M
Previous year: $17.9M
+156.4%
Cash and Equivalents
$80.2M
Previous year: $51.6M
+55.4%
Free Cash Flow
$15.7M
Previous year: -$388K
-4149.0%
Total Assets
$689M
Previous year: $665M
+3.5%

Century Casinos

Century Casinos

Century Casinos Revenue by Segment

Century Casinos Revenue by Geographic Location

Revenue & Expenses

Visualization of income flow from segment revenue to net income