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Jun 30
Century Casinos Q2 2025 Earnings Report
Century Casinos, Inc. announced its financial results for the second quarter of 2025, reporting an increase in net operating revenue and earnings from operations compared to the same period last year, alongside the initiation of a strategic review process.
Key Takeaways
Century Casinos, Inc. reported a 3% increase in net operating revenue to $150.8 million and a 16% increase in earnings from operations to $16.6 million for the second quarter of 2025. The company also initiated a strategic review process to enhance shareholder value and optimize its portfolio.
Net operating revenue increased by 3% to $150.8 million compared to Q2 2024.
Earnings from operations grew by 16% to $16.6 million in Q2 2025.
Net loss attributable to shareholders decreased by 70% to ($12.3) million.
Adjusted EBITDAR increased by 10% to $30.3 million.
Century Casinos
Century Casinos
Century Casinos Revenue by Geographic Location
Revenue by Geographic Location
United States Revenue
CapyFin.comCanada Revenue
CapyFin.comPoland Revenue
CapyFin.com Forward Guidance
Century Casinos, Inc. is actively pursuing strategic initiatives to enhance shareholder value and support long-term growth, including expanding sports betting operations in Missouri and opening new casinos in Poland.
Positive Outlook
- Initiated a comprehensive strategic review process to explore potential asset sales, strategic partnerships, or divestments.
- Partnered with BetMGM to operate an online and mobile sports betting application in Missouri, expected to launch in Q4 2025.
- New casino and hotel in Caruthersville, Missouri, has shown significant revenue and EBITDAR increases since opening.
- Awarded a second casino license in Wroclaw, Poland, with an expected opening in Q4 2025.
- The Company's flagship casino in Warsaw, Poland, has its license secured through 2028.
Challenges Ahead
- Did not receive a new license for a second casino in Warsaw, leading to the closure of the casino at the Hilton Hotel.
- The strategic review process has no set timetable for conclusion, and there is no assurance of any transaction or change.
- The Consolidated First Lien Net Leverage Ratio exceeded 5.50 to 1.00 as of June 30, 2025, although no outstanding revolving loans were present.
- The company disclaims any obligation to revise or update forward-looking statements.
- Potential risks and uncertainties could cause actual results to differ materially from forward-looking statements.