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.
Net operating revenue increased by 21% to $111.1 million compared to Q2 2021.
Earnings from operations rose by 15% to $20.8 million year-over-year.
Net earnings attributable to Century Casinos shareholders increased by 29% to $8.9 million compared to Q2 2021.
Adjusted EBITDA increased by 18% to $29.8 million year-over-year.
The company did not provide specific forward guidance in this report.
Visualization of income flow from segment revenue to net income