Century Casinos Stock Price, News & Analysis

Century Casinos (CNTY) has announced a significant partnership with BetMGM to introduce sports betting in Missouri through its Century Casino & Hotel Cape Girardeau subsidiary. The long-term agreement enables BetMGM to operate both online and mobile sports betting platforms under Century's license. The deal includes revenue sharing with a guaranteed minimum for Century and potential retail sportsbook options at Century's discretion. The partnership's implementation is subject to obtaining necessary gaming licenses and regulatory approvals.

Century Casinos' (CNTY) Rocky Gap Casino, Resort & Golf has received multiple first-place awards in Casino Player Magazine's Best of Dining & Nightlife Awards 2025. The Maryland-based resort, located in Rocky Gap State Park near Cumberland, secured top honors in several categories including Best Overall Service, Best Seafood at Lakeside Grille, and multiple awards for its various dining and bar venues. The Lakeside Grille was specifically recognized for its seafood offerings and lake views, while other venues like On The Rocks, Signatures Bar & Grill, Sports Lounge, and Terrace Bar were also awarded in their respective categories.

Century Casinos (CNTY) reported Q1 2025 results showing revenue decline amid weather challenges. Net operating revenue decreased 4% to $130.4M, while earnings from operations fell 14% to $7.1M. The company posted a net loss of $20.6M ($0.67 per share), a 52% larger loss compared to Q1 2024. Adjusted EBITDAR declined 5% to $20.2M. Despite revenue challenges, the company maintained EBITDAR margins through cost-cutting at Nugget Casino. The new Caruthersville casino in Missouri, opened in November 2024, showed promising initial results. The company expects reduced capital expenditures for the remainder of 2025, potentially improving cash generation into 2026. By segment, US operations saw a 3% revenue decline, Canada dropped 10%, and Poland decreased 5%. The company held $84.7M in cash as of March 31, 2025, down from $98.8M at year-end 2024, with $339.6M in outstanding debt.

Century Casinos (NASDAQ: CNTY) has scheduled its first quarter 2025 earnings release and conference call for Monday, May 12, 2025. The earnings conference call will take place at 8:00 am MDT (10:00 am EDT). Participants should dial in 15 minutes before the call starts using the following numbers:

• US and Canadian participants: 1-888-999-5318
• International participants: +1 848-280-6460
• Conference ID: 'Casinos'

The call can be accessed live at https://app.webinar.net/pzWGyQJbnL1, and a recording will be available at the company's investor relations website.

Century Casinos (CNTY) reported its Q4 and full-year 2024 financial results, highlighting significant challenges. Q4 net operating revenue decreased 4% to $137.8 million, with a net loss of $64.9 million. The full-year 2024 showed mixed results with a 5% revenue increase to $575.9 million, but a substantial net loss of $128.2 million.

A major setback was the $43.7 million goodwill impairment at the Nugget Casino Resort due to market conditions and performance issues. The company's Adjusted EBITDAR declined 17% in Q4 and 10% for the full year. Cash position weakened to $98.8 million from $171.3 million year-over-year.

Despite challenges, management highlighted the successful opening of a new land-based casino and hotel in Caruthersville, Missouri on November 1, 2024. While noting weak trends from retail and low-end customers due to macroeconomic pressures, executives expressed optimism for improved EBITDAR and cash flow in 2025.

Century Casinos (CNTY) has scheduled its fourth quarter and year-end 2024 earnings release and conference call for Thursday, March 13, 2025. The earnings conference call will begin at 8:00 am MDT (10:00 am EDT).

Participants can join the call by dialing 1-888-999-5318 for US domestic and Canadian callers, or +1 848-280-6460 for international participants, using the conference ID 'Casinos'. The call will be available for live streaming at https://app.webinar.net/8L4ERZvR0xq, and a recording will be accessible on the company's investor relations website.

Century Casinos reported Q3 2024 financial results with net operating revenue of $155.7 million, down 3% year-over-year. The company posted earnings from operations of $17.9 million, up 24%, while net loss attributable to shareholders improved to ($8.1) million, a 43% decrease. Adjusted EBITDAR was $32.9 million, down 1%. Key developments include opening a new land-based casino in Caruthersville, Missouri with 599 slot machines and nine table games, and reopening the Wroclaw casino in Poland. The company maintained $118.8 million in cash and $339.6 million in outstanding debt as of September 30, 2024.

Century Casinos has opened its new land-based casino and hotel in Caruthersville, Missouri. The 26,000 square feet facility features 599 slot machines and nine live tables, representing a 50% increase in gaming positions compared to the temporary location. The development includes a restaurant, bar, and 74 hotel rooms, with a total development cost of $51.9 million funded through VICI Properties. The project transforms the last remaining riverboat casino on the Mississippi River into a full destination resort, aiming to attract customers from Missouri, Tennessee, and Arkansas.

Century Casinos (CNTY) has announced its upcoming third quarter 2024 earnings release and conference call schedule. The company will release its Q3 2024 earnings on Monday, November 4, 2024, followed by an earnings conference call at 8:00 am MST (10:00 am EST) on the same day. Participants should dial in 15 minutes early using 1-888-999-5318 for US and Canadian callers, or +1 848-280-6460 for international participants, with conference ID 'Casinos'. The call can be accessed live at the provided webinar link or recorded version at the company's website.