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 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.
Summary not available.
Summary not available.
Summary not available.
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.
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 $51.9 million. Upon project completion, annual rent under the existing master lease will increase by $4.2 million. The new casino will replace the last riverboat casino in Missouri, expanding gaming options with 650 slot machines.