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 reported strong financial results for Q2 2022, with net operating revenue reaching $111.1 million, a 21% increase year-over-year. Earnings from operations rose 15% to $20.8 million, while net earnings attributable to shareholders surged 29% to $8.9 million. Adjusted EBITDA grew 18% to $29.8 million. The company's acquisition of Nugget Casino Resort positions it favorably in the Reno/Sparks market. Despite issues in the U.S. segment, Canada and Poland reported significant revenue growth, with Canadian revenue up 186% and Polish revenue up 150%.
Century Casinos, Inc. (Nasdaq: CNTY) will release its Q2 2022 earnings on August 5, 2022, followed by an earnings conference call at 8:00 am MDT. Participants can join by calling 800-920-5564 (US/Canada) or +1 415-226-5355 (International) with conference ID 'Quarter2'. Century Casinos operates various casinos and entertainment venues in the US and Canada, and a 66.6% stake in Casinos Poland. The company's stock is traded on the Nasdaq under the symbol CNTY.
Rush Street Interactive (NYSE: RSI) has announced the addition of its online sportsbook to the BetRivers platform in West Virginia, enhancing its existing online casino services. The integrated app allows users to bet on various sports and access casino games seamlessly. The BetRivers sportsbook features a wide range of betting markets and a user-friendly interface. RSI's platform has recently captured a low-teens market share in West Virginia's online casino sector since its launch in April 2021. The company emphasizes a trusted betting experience with innovative features and customer service.
Century Casinos (Nasdaq: CNTY) announced its participation in the B. Riley 22nd Annual Institutional Investor Conference on May 26, 2022, in Beverly Hills, California. Peter Hoetzinger, President & Co-CEO, will present the company and engage in one-on-one meetings with selected institutional investors. The current company presentation will be accessible on their website on the same date.
Century Casinos operates multiple casinos across the U.S. and Canada and holds interests in various international gaming establishments.
Century Casinos, Inc. (CNTY) reported a strong financial performance for Q1 2022, achieving net operating revenue of $103.1 million, a 42% increase compared to Q1 2021. Earnings from operations surged 58% to $13.0 million, while net earnings attributable to shareholders rose 115% to $0.2 million. The company acquired a 50% stake in Smooth Bourbon, LLC for $95 million and plans to purchase 100% of Nugget Sparks, LLC for $100 million. Additionally, Century Casinos entered into a $350 million term loan with Goldman Sachs to fund its acquisitions.
Century Casinos, Inc. (CNTY) announced that it will release its earnings for the first quarter of 2022 on May 6, 2022. A conference call is scheduled for the same day at 8:00 am MDT. Participants are advised to join 15 minutes early, with US and Canadian callers using 800-954-0695, while international participants can dial +1 212-231-2939. The conference ID is 'Quarter1'. For more details, visit the company's website.
On April 1, 2022, Century Casinos (NASDAQ: CNTY) announced the completion of its acquisition of 50% of membership interests in Smooth Bourbon, LLC for $95 million. Smooth Bourbon owns the land and building of Nugget Casino Resort, which operates under a $15 million annual lease with Nugget Sparks, LLC. Century expects to gain $1.9 million quarterly from this lease. A future acquisition of 100% of Nugget's operating assets for $100 million is scheduled, pending regulatory approval. This purchase is financed through a new credit facility from Goldman Sachs.
Century Casinos (Nasdaq: CNTY) reported its Q4 2021 and full-year results, showcasing a 27% increase in net operating revenue to $107.3 million for Q4 and a 28% rise to $388.5 million for the year. Despite this growth, earnings from operations dropped 12% for Q4 due to increased operating costs. Adjusted EBITDA surged 36% in Q4, reaching $24.9 million, with full-year adjusted EBITDA rising 102% to $97.9 million. The company plans significant expansions including a land-based casino and hotel projects estimated at $73 million.
Century Casinos (Nasdaq: CNTY) will announce its fourth quarter and year-end earnings for 2021 on March 8, 2022. A conference call will take place at 8:00 a.m. MST, and participants should dial in 15 minutes early. The call can be accessed via the company's website post-event.
Century Casinos owns and operates various casinos across North America, including Nugget Casino Resort in Reno, under acquisition. The company also has significant interests in European operations.
Century Casinos has partnered with Betmakers' Global Racing Network to expand the distribution of its horse racing content from Century Downs Racetrack and Casino (CDR) and Century Mile Racetrack and Casino (CMR). Starting February 26, 2022, licensed global betting operators can now access CDR and CMR's thoroughbred and standardbred race content for wagering. This move aims to enhance the company's market presence, particularly in regions such as Australia and Asia, and attract new racing enthusiasts worldwide.
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