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 (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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