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Sep 30, 2022
Century Casinos Q3 2022 Earnings Report
Century Casinos' financial performance decreased in Q3 2022, impacted by 2021 record results, inflation, and riverboat expenses, but strategic acquisitions and developments signal growth.
Key Takeaways
Century Casinos reported a decrease in net operating revenue and net earnings for the third quarter of 2022 compared to the same period in 2021. Net operating revenue was $112.6 million, a decrease of 4%, and net earnings attributable to Century Casinos, Inc. shareholders was $2.9 million, a decrease of 74%. The company cited reduced COVID-19 restrictions in Missouri in 2021, inflation, and riverboat expenses as contributing factors. However, the company is pursuing strategic acquisitions and developments, including the acquisition of Rocky Gap Casino Resort and the opening of a new hotel in Caruthersville.
Net operating revenue decreased by 4% to $112.6 million compared to Q3 2021.
Net earnings attributable to shareholders decreased by 74% to $2.9 million compared to Q3 2021.
Adjusted EBITDA decreased by 15% to $28.1 million compared to Q3 2021.
Company entered a definitive agreement to acquire Rocky Gap Casino Resort operations.
Revenue by Geographic Location
Forward Guidance
The company did not provide specific forward guidance in this report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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