Century Casinos reports developments for a casino entertainment company operating gaming, hotel, racing, restaurant and entertainment assets in North America and Poland. Its updates commonly cover quarterly operating results, net operating revenue, Adjusted EBITDAR, and segment trends across US East, US Midwest, US West, Canada and Poland.
Company news also includes property-level activity at Mountaineer, Rocky Gap, Century Casinos & Hotels in Missouri and Colorado, the Nugget Casino Resort, Alberta casinos and racetracks, and Casinos Poland. Recurring topics include sports betting partnerships and sportsbook launches, development projects, goodwill impairment and financial-statement restatement matters.
Century Casinos, Inc. (Nasdaq: CNTY) will release its Q2 2021 earnings on August 6, 2021. A conference call will follow at 8:00 a.m. MDT for participants to discuss the results. Investors can join the call by dialing in 15 minutes early. The company owns and operates multiple casinos across the U.S., Canada, and Poland. Notable risks include the ongoing impact of the COVID-19 pandemic on operations. More details are available on their website.
Century Casinos, Inc. (CNTY) announced significant developments for its Caruthersville casino in Missouri. A legislative change allows the facility to operate as a standard building rather than a floating casino, opening opportunities for expansion. The company acquired additional land to enhance access and plans to refurbish an existing hotel to reopen with 36 rooms by early 2022. The Missouri casino licenses remain capped at 13, and Century's Missouri locations accounted for 43% of net operating revenue and 104% of Adjusted EBITDA in Q1 2021, indicating strong financial performance.
Century Casinos (Nasdaq: CNTY) announced the reopening of its casinos in Alberta, Canada on June 10, 2021, after being closed since December 13, 2020 due to COVID-19 restrictions. The reopened venues include Century Casino & Hotel Edmonton, Century Casino St. Albert, Century Mile Racetrack and Casino, and Century Downs Racetrack and Casino. Enhanced health protocols and social distancing measures are in place. The company cautions that future closures may occur, depending on government regulations. Its US and Polish casinos remain open.
Century Casinos, Inc. (CNTY) has announced the reopening of its eight casinos in Poland as of May 28, 2021. These establishments were closed on March 19, 2021, due to a COVID-19 quarantine imposed by the Polish government. The reopening will follow health and safety protocols, although future closures remain a possibility. The company's US casinos are operational, while its Canadian venues are still closed. This step marks a significant move towards restoring normal operations for Century Casinos in Poland.
Century Casinos, Inc. (Nasdaq: CNTY) announced the extension of closures for its Polish casinos until June 6, 2021, due to ongoing government-imposed quarantines amid the COVID-19 pandemic. Initially expected to reopen on May 8, 2021, the decision reflects the evolving nature of the pandemic and its adverse effects on the company, likely impacting operations into the first half of 2021. The company operates multiple casinos across North America, Europe, and holds interests in various gaming operations.
Century Casinos, Inc. (CNTY) reported Q1 2021 financial results, showing a 17% decline in net operating revenue to $72.4 million compared to Q1 2020. However, earnings from operations soared by 126% to $8.2 million, and adjusted EBITDA rose 53% to $14.7 million. A net loss of $1.4 million was reported, a 97% improvement from the previous year. The company's Canadian properties remain closed, while Polish casinos are set to reopen on May 8, 2021. Cash and cash equivalents stood at $66 million, with total debt at $184.4 million.
Century Casinos, Inc. (Nasdaq: CNTY) will report its first-quarter 2021 earnings on May 7, 2021. A conference call is scheduled for 8:00 am MST that day, with participants advised to join 15 minutes early. Domestic participants can call +1 844-244-9160, while international callers should dial +1 330-931-4670. The company operates casinos and entertainment venues across the US and Canada and has a significant presence in Poland. More details can be found on their website.
Century Casinos, Inc. (CNTY) has successfully launched online casino platforms in West Virginia through partnerships with Rush Street Interactive and William Hill. This follows the West Virginia Lottery's approval, with BetRivers.com going live on April 12 and William Hill Casino on April 13. Each of the state's five casinos can offer online gaming, with Century's Mountaineer Casino holding licenses for three iGaming skins. Revenue sharing agreements will benefit Mountaineer Casino through net gaming revenue and a one-time fee.
Century Casinos (CNTY) announced the temporary closure of its Polish casinos from March 19 to April 9, 2021, due to government-imposed quarantines related to COVID-19. This Polish segment accounted for 1% of the Company's Adjusted EBITDA in 2020. The ongoing pandemic is expected to adversely impact the Company through at least the first half of 2021.
Century Casinos, Inc. (CNTY) reported a strong financial performance for Q4 2020, with net operating revenue of $84.8 million, up 26% year-over-year and earnings from operations soaring by 227% to $18.7 million. The company posted net earnings attributable to shareholders of $6.7 million, a 133% increase. For the full year, revenue was $304.3 million, a 39% rise, although a net loss of $48 million was recorded, worsening by 151%. The results reflect challenges from COVID-19 closures, which impacted revenue by ~$91.3 million. The company remains cautious about 2021 due to ongoing pandemic uncertainties.