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 (NASDAQ: CNTY) has announced the dates for its Q2 2024 earnings release and conference call. The company will release its second quarter 2024 earnings on Thursday, August 8, 2024. On the same day, Century Casinos will host its Q2 2024 Earnings Conference Call at 8:00 am MDT (10:00 am EDT).
Participants are advised to dial in 15 minutes before the call. US domestic and Canadian participants should dial 1-800-343-4136, while all other international participants should use +1 203-518-9843. The conference ID is 'Casinos'. Investors can listen to the call live at the provided link or obtain a recording of the call on the company's website.
Century Casinos (NASDAQ: CNTY) has appointed Eric Rose as Senior Vice President and General Manager of the Nugget Casino Resort in Sparks, Nevada. Rose, a 32-year veteran in gaming and hospitality, succeeds the previous general manager who has left the company. This appointment comes after a challenging first half of the year at the Nugget with lower-than-expected revenue.
The Nugget has undergone right-sizing and cost-cutting initiatives, along with property upgrades including new slot machines, a high-limit room, restaurant refreshes, and exterior improvements. Century Casinos' Co-CEOs believe these changes, combined with Rose's leadership, will set the Nugget up for future success.
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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