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.
VICI Properties reported significant financial growth for 2022, achieving a 72.3% increase in total revenues, amounting to $2.6 billion. The company reported a 100.9% rise in Q4 revenues to $769.9 million, with net income attributable to common stockholders rising 10.2% to $1.1 billion. Significant transactions included a $22.8 billion acquisition total, notably from MGM Growth Properties and the Venetian Resort. VICI's AFFO increased 61.7% year-over-year, reaching $1.7 billion. For 2023, VICI anticipates AFFO between $2.10 and $2.13 per share, indicating ongoing growth.
Century Casinos, Inc. (CNTY) will attend the Jefferies 12th Annual Winter Restaurant, Foodservice, Gaming, Lodging & Leisure Summit in Avon, Colorado on January 23, 2023. Peter Hoetzinger, President & Co-CEO, will present the Company and conduct one-on-one meetings with institutional investors. The presentation will be accessible on the Company's website on the same date. Century Casinos operates various gaming and hospitality properties across the U.S. and Canada, including locations in Colorado, Missouri, and Alberta. The company also holds significant interests in several casino operations in Poland and Canada.
VICI Properties Inc. (NYSE: VICI) announced its plan to use its Partner Property Growth Fund to finance a new expansion for Century Casinos, Inc. (NASDAQ: CNTY). This includes a land-based casino and a 38-room hotel at Century Casino Caruthersville, Missouri, with a total project cost of about
Century Casinos (CNTY) has commenced construction of a new casino and hotel in Caruthersville, with an estimated cost of $51.9 million. Set to open in late 2024, the project includes 650 slot machines and a 38-room hotel overlooking the Mississippi River. The company has amended its Master Lease with VICI Properties, leading to a $4.2 million increase in annual rent upon completion. Additionally, Century is relocating its casino operations from a riverboat to a temporary facility, due to low water levels. The new developments aim to transform the site into a destination resort, attracting more visitors from surrounding states.
Century Casinos, Inc. (Nasdaq: CNTY) will participate in the Truist Securities Gaming, Lodging, Leisure & Restaurants Summit in Boston on December 8, 2022. Peter Hoetzinger, President & Co-CEO, will present the Company and hold meetings with institutional investors. The presentation will be available on the Company's website on the same date. Century Casinos operates various casinos and entertainment venues across the US and Canada, including properties in Colorado and West Virginia. For more details, visit www.cnty.com.
Century Casinos, Inc. (CNTY) reported Q3 2022 financial results revealing a 4% decline in net operating revenue to $112.6 million and a 74% drop in net earnings to $2.9 million compared to Q3 2021. Adjusted EBITDA decreased 15% to $28.1 million. The company is advancing on its acquisitions, including Rocky Gap Casino Resort for approximately $56.1 million and Nugget Casino Resort with an expected purchase of $100 million. Additionally, Century Casino Caruthersville will transition to a land-based pavilion to enhance operations, following state approval.
Century Casinos, Inc. (Nasdaq: CNTY) is set to release its Q3 2022 earnings on November 4, 2022. The company will host a conference call at 8:00 am MDT to discuss the earnings report. Participants are encouraged to join 15 minutes early, using specified dial-in numbers. Century Casinos operates various casino and hotel properties in the U.S. and Canada, with significant interests in international markets, such as Poland. The company also has ongoing acquisition agreements for notable gaming facilities.
VICI Properties reported a strong third quarter for 2022, achieving total revenues of $751.5 million, a 100% increase year-over-year. Net income rose to $330.9 million or $0.34 per share. The company announced an 8.3% increase in its dividend to $0.39 per share and proceeded to acquire Rocky Gap Casino Resort for $203.9 million. VICI also expanded its partnership with Great Wolf Resorts through $186 million in loans. The updated AFFO guidance for 2022 is projected between $1,682 million and $1,692 million.
Century Casinos (Nasdaq: CNTY) will attend the Wells Fargo 5th Annual Consumer Conference on September 21, 2022, in Dana Point, California. Peter Hoetzinger, President & Co-CEO, will present and hold one-on-one meetings with institutional investors. The presentation will be available on the Company’s website the same day. Century Casinos operates multiple venues across the U.S. and Canada, including casinos in Colorado, Missouri, and West Virginia. The Company also has interests in Polish casinos and racetracks in Canada.
Century Casinos (CNTY) announced that bet365 has launched its internet and mobile sports betting application in Colorado using one of the Company's master licenses. This 10-year agreement includes a minimum annual revenue guarantee and a share of net gaming revenue, with an advance fee paid at contract signing in May 2020. Bet365 is a leading online sports betting company with nearly $4 billion in annual revenues. The partnership aims to enhance Century Casinos' revenue through a stable and lucrative sports betting market.
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