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, 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.
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.
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