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Century Casinos Inc. - CNTY STOCK NEWS

Welcome to our dedicated news page for Century Casinos (Ticker: CNTY), a resource for investors and traders seeking the latest updates and insights on Century Casinos.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Century Casinos's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Century Casinos's position in the market.

Rhea-AI Summary
VICI Properties expands partnership with Century Casinos, Inc. by acquiring Century Canadian Portfolio for C$221.7 million (US$162.4 million)
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Rhea-AI Sentiment
End-of-Day
-6.24%
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Rhea-AI Summary
Century Casinos completes sale of Canadian assets to VICI Properties for CAD 221.7 million in cash, retaining CAD 154.5 million. Annual rent to increase by CAD 17.3 million. Debt payment and financial flexibility gained.
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End-of-Day
-6.24%
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Rhea-AI Summary
Century Casinos, Inc. (Nasdaq Capital Market®: CNTY) announced its financial results for the three and six months ended June 30, 2023, highlighting a 23% increase in net operating revenue, a 10% decrease in earnings from operations, and a 122% decrease in net loss attributable to Century Casinos, Inc. shareholders. The company also completed acquisitions of Rocky Gap Casino Resort, Nugget Casino Resort, and the Canada Real Estate Sale. Additionally, the reportable segment results and financial figures for the company's balance sheet and liquidity were detailed.
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End-of-Day
-5.17%
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Century Casinos, Inc. will release its Q2 2023 earnings on August 8, 2023. The earnings conference call will be held at 7:00 am MDT. Participants can listen live or obtain a recording of the call.
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0.25%
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Rhea-AI Summary
VICI Properties Inc. reports 35.5% YoY revenue growth, completes acquisition of Rocky Gap Casino Resort, expands partnership with Canyon Ranch, and updates guidance for full year 2023.
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Rhea-AI Sentiment
End-of-Day
1.6%
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Rhea-AI Summary
Golden Entertainment, Inc. has completed the sale of Rocky Gap Casino Resort for approximately $260 million. Century Casinos, Inc. acquired the operations for $56.1 million, while VICI Properties Inc. acquired the land and buildings for $203.9 million. $175 million of the sale proceeds will be used to repay term loans outstanding.
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End-of-Day
0.67%
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none
Rhea-AI Summary
Century Casinos, Inc. has completed the acquisition of Rocky Gap Casino Resort from Golden Entertainment Inc. for $56.1 million. Simultaneously, VICI Properties Inc. acquired an interest in the land and building associated with Rocky Gap for $203.9 million. The company financed the acquisition with $30.0 million borrowed from its existing credit agreement with Goldman Sachs USA and cash from the balance sheet. Rocky Gap is a full-service resort with a golf course, events center, meeting spaces, spa, and gaming floor. With this acquisition, Century Casinos now has 19 casinos worldwide and expects a pro forma net operating revenue of $508.5 million and Adjusted EBITDA of $128.7 million for 2022.
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End-of-Day
0.67%
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Rhea-AI Summary
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-1.74%
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Rhea-AI Sentiment
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6.63%
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Rhea-AI Summary
Century Casinos has entered into an agreement for VICI Properties to acquire its Canadian real estate assets for CAD 221.7 million ($164.4 million). The purchase price includes CAD 192.3 million ($142.6 million) to be paid to Century Casinos and CAD 29.4 million ($21.8 million) to acquire the fee simple real estate interest in Century Downs. The Company anticipates retaining CAD 154.5 million ($114.6 million) after expenses. The transaction is expected to close in the second half of 2023.
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Rhea-AI Sentiment
End-of-Day
6.63%
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Century Casinos Inc.

NYSE:CNTY

CNTY Rankings

CNTY Stock Data

98.97M
23.50M
11.02%
71.37%
4.31%
Casinos (except Casino Hotels)
Arts, Entertainment, and Recreation
Link
US
Colorado Springs

About CNTY

nestled in the scenic hills of northern west virginia on 77 acres, mountaineer casino offers year-round entertainment and features a luxury spa, elite fitness center, championship golf course, world-class thoroughbred horse racing, fine dining and a grande hotel. this jewel of the mountains is one of the premiere resort destinations in the state. not only is mountaineer casino one of the best award-winning casinos in west virginia it is also one of the best places to stay while exploring the local area. nearby is the renowned homer laughlin china factory, makers of fiesta dinnerware, tomlinson state park, key bank pavilion, the world’s largest teapot and more. located on route 2 near newell, wv, mountaineer casino is only 45 minutes from the pittsburgh, pa, airport and easily accessible from cleveland, akron and youngstown. so come and discover west virginia’s secrets and hidden beauty and while you’re here play your favorite games and make some memories. and remember …at mountaineer c