Welcome to our dedicated page for Century Casinos news (Ticker: CNTY), a resource for investors and traders seeking the latest updates and insights on Century Casinos stock.
Century Casinos, Inc. (NASDAQ: CNTY) operates gaming and hospitality venues across three continents, offering investors and industry observers a dynamic growth story. This news hub provides centralized access to all corporate developments, from earnings reports to strategic expansions.
Track critical updates including quarterly financial results, property openings like the Caruthersville land-based casino, and regulatory developments affecting operations in Poland and North America. The curated collection also covers partnership announcements with real estate financiers and hospitality providers.
Designed for efficient research, this resource helps stakeholders monitor operational milestones like gaming license renewals and capacity expansions. Bookmark this page for direct access to Century Casinos' official communications and third-party analyses of market positioning.
Century Casinos (NASDAQ: CNTY) announced its participation in Stifel's 2024 Cross Sector Insight Conference in Boston, Massachusetts, on June 4-5, 2024.
Peter Hoetzinger, President & Co-CEO, will present the company and conduct one-on-one meetings with selected institutional investors.
The presentation used for these meetings is available on the company's website.
Century Casinos, Inc. reported a challenging first quarter in 2024 with net operating revenue increasing by 25% to $136.0 million. However, earnings from operations decreased by 55% to $8.3 million, and the net loss attributable to shareholders was ($13.5) million, a change of (990%). Adjusted EBITDAR declined by 18% to $21.3 million. The company cited construction disruptions, casino closures in Poland, and severe weather impacting its US casinos as key challenges. Despite these setbacks, Century Casinos remains optimistic about the second half of 2024 and beyond, with ongoing capital projects expected to improve operations by 2025.
Century Casinos, Inc. announced the release date for its first-quarter 2024 earnings and conference call. The earnings will be released on May 9, 2024, with a conference call at 8:00 am MDT. Participants can dial in 15 minutes early, with different numbers for domestic, Canadian, and international participants.
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