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) generates a steady flow of news as a casino entertainment company with operations in the United States, Canada and Poland. Company updates frequently cover performance at its regional casinos and resorts, developments at racetrack casinos in Alberta, and regulatory and licensing changes affecting its Polish subsidiary, Casinos Poland Ltd.
Investors following CNTY news see regular earnings releases detailing net operating revenue, earnings from operations, net income or loss attributable to Century Casinos, Inc. shareholders and segment-level results for the United States, Canada and Poland. These reports often highlight trends by region, the impact of items such as interest expense and non‑controlling interests, and non‑GAAP measures such as Adjusted EBITDAR.
Century’s news flow also includes strategic and corporate actions. The company has announced a strategic review process to evaluate potential alternatives for its assets and businesses, including possible asset sales, partnerships, mergers or a sale of the company. It has also disclosed a Rule 10b5‑1 share repurchase plan under a previously authorized buyback program.
Operational headlines feature property-level developments, such as the opening of a new casino and hotel in Caruthersville, Missouri, entertainment programming at the Nugget Casino Resort’s Celebrity Showroom, and licensing changes and new casino openings in Poland. In Missouri, news has focused on Century’s long-term partnership with BetMGM, the launch of an online and mobile sports betting application under Century’s license, and the opening of a BetMGM-branded retail sportsbook at Century Casino & Hotel Cape Girardeau.
Regulatory and financial reporting items, including Form 8‑K filings about restatements related to the Rocky Gap reporting unit and notifications of late Form 10‑Q filings, also appear in CNTY coverage. For a comprehensive view of Century Casinos’ evolving operations, capital decisions and regional performance, readers can review this news feed over time.
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 (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.
Century Casinos announced the opening of its new land-based Century Casino & Hotel Caruthersville in Missouri on November 1, 2024, following Missouri Gaming Commission's approval. The new facility represents a significant expansion with 599 slot machines and nine live table games, marking a 50% increase in gaming positions. The hotel capacity will double to 74 rooms. The $51.9 million project, funded by VICI Properties, was completed on time and on budget since construction began in December 2022. The property will be part of a triple net master lease agreement with VICI, increasing annual rent by $4.2 million.
Century Casinos (NASDAQ: CNTY) reported its Q2 2024 financial results, revealing a mixed performance. Net operating revenue increased by 7% to $146.4 million compared to Q2 2023, driven by gains in the U.S. and Canada. However, earnings from operations declined by 23% to $14.3 million, and there was a net loss of $41.6 million, translating to a basic loss per share of $1.36.
Adjusted EBITDAR decreased by 6% to $27.4 million. The company cited a valuation allowance on U.S. deferred tax assets, underperformance at the Nugget Casino Resort, and temporary closures in Poland as key challenges. Despite these setbacks, Century Casinos maintains a positive outlook, with significant capital projects nearing completion, including a new casino in Caruthersville, Missouri, and renovations in Poland.
As of June 30, 2024, the company had $123.2 million in cash and $341.6 million in outstanding debt. The company’s capital expenditures for the remainder of 2024 and 2025 are projected at $12.6 million and $12.0 million, respectively.
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