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 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.
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