Century Casinos Q3 2020 Earnings Report
Key Takeaways
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.
Net operating revenue increased by 81% to $95.7 million compared to Q3 2019.
Earnings from operations increased by 331% to $15.0 million compared to Q3 2019.
Net earnings attributable to Century Casinos, Inc. shareholders increased by 678% to $3.7 million compared to Q3 2019.
Adjusted EBITDA increased by 213% to $22.2 million compared to Q3 2019.
Century Casinos
Century Casinos
Century Casinos Revenue by Segment
Century Casinos Revenue by Geographic Location
Forward Guidance
The COVID-19 pandemic is expected to negatively impact results for the remainder of 2020 and potentially into 2021, with the duration and ultimate impact remaining uncertain.
Revenue & Expenses
Visualization of income flow from segment revenue to net income