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 completed the acquisition of Nugget Casino Resort from Marnell Gaming for approximately $100 million on April 3, 2023. This acquisition boosts Century's portfolio to 18 casinos globally, with pro forma combined net operating revenue for 2022 estimated at $529.6 million and Adjusted EBITDA at $129.9 million. The Nugget, located in Sparks, Nevada, features extensive amenities including a gaming floor, hotel towers, and convention space. Century plans to enhance the Nugget's facilities and integrate it into their operations while financing the deal through borrowed funds from Goldman Sachs.
Century Casinos, Inc. (CNTY) reported its financial results for Q4 2022 and the full year on March 10, 2023. In Q4, net operating revenue decreased by 3% to $103.8 million, while earnings from operations fell 16% to $13.8 million, resulting in a net loss of $4 million. For the full year, net operating revenue increased by 11% to $430.5 million, with adjusted EBITDA rising by 6% to $103.3 million. However, net earnings attributable to shareholders plummeted 61% to $8 million. The company completed a significant relocation of its Caruthersville casino and is set to acquire the Nugget Casino Resort, pending approval on March 23, 2023.
Century Casinos, Inc. (NASDAQ: CNTY) announced its participation in the 35th Annual Roth Capital Partners Conference in Dana Point, California, scheduled for March 13, 2023. Peter Hoetzinger, Co-CEO, will present and conduct one-on-one meetings with investors. The current presentation will be available on the company's website on the event date.
Century Casinos operates various casinos in Colorado, West Virginia, and Canada, along with ownership interests in casinos in Poland and a racetrack in Calgary. The company continues to explore additional development opportunities.
Century Casinos (NASDAQ: CNTY) has announced that it will release its fourth quarter and year-end 2022 earnings on March 10, 2023. The earnings conference call will take place at 8:00 AM MST (10:00 AM EST), and participants are encouraged to join 15 minutes early. For access, U.S. and Canadian participants can call 1-80-225-9448, while international callers should use +1 203-518-9708 with conference ID 'Casinos'. The call can be streamed live online. This release confirms the company's ongoing commitment to transparency and communication with its investors.
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