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Dec 31, 2022
Century Casinos Q4 2022 Earnings Report
Century Casinos reported a decrease in net operating revenue and earnings from operations, and a net loss attributable to shareholders for Q4 2022.
Key Takeaways
Century Casinos, Inc. reported a decrease in net operating revenue by 3% to $103.8 million, a decrease in earnings from operations by 16% to $13.8 million, and a net loss attributable to shareholders of $4.0 million for the fourth quarter of 2022. The company's adjusted EBITDA also decreased by 13% to $21.7 million. Despite these declines, the company completed the relocation of its Caruthersville casino and remains on schedule with construction projects in Caruthersville and Cape Girardeau.
Net operating revenue decreased by 3% to $103.8 million.
Earnings from operations decreased by 16% to $13.8 million.
Net loss attributable to Century Casinos, Inc. shareholders was $4.0 million.
Adjusted EBITDA decreased by 13% to $21.7 million.
Revenue by Geographic Location
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