Century Casinos Stock Price, News & Analysis

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.

Century Casinos (CNTY) has entered into an agreement to acquire a 50% interest in Smooth Bourbon, LLC and 100% of Nugget Sparks, LLC for $195 million. The deal includes a five-year option to acquire the remaining 50% of PropCo for $105 million. The acquisition is expected to enhance free cash flow and be accretive to earnings, with an implied Adjusted EBITDA multiple of 5.6x. The Nugget Casino Resort generated $100.4 million in revenue and $32.8 million in Adjusted EBITDA in 2021. Financing includes $350 million in secured loans from Goldman Sachs.

Century Casinos, Inc. (Nasdaq: CNTY) announced the sale of its Calgary property to Rowanwood Financial Properties Ltd. for CAD 8.1 million ($6.5 million). The buyer paid CAD 0.7 million upfront, with the remaining CAD 7.4 million due at closing. The transaction is expected to finalize within 30 days. Previously, the casino operations on the property were sold in December 2020, but Century Sports will cease once the sale is complete. This strategic move is aimed at optimizing the company's asset portfolio.

Century Casinos, Inc. (CNTY) reported a strong financial performance for Q3 2021, with net operating revenue of $116.6 million, a 22% increase year-over-year. Earnings from operations surged by 71% to $25.7 million, while net earnings attributable to shareholders rose by an impressive 200% to $11.2 million. Adjusted EBITDA reached $33.1 million, up 49%. The company is planning significant expansions, including a $68.3 million relocation to a land-based casino in Missouri, set to open in early 2024. As of September 30, 2021, CNTY boasts over $100 million in cash and minimal debt maturities until 2026.

Century Casinos, Inc. (CNTY) will release its Q3 2021 earnings on November 5, 2021. A conference call is scheduled for 8:00 a.m. MDT, where stakeholders can dial in 15 minutes early for updates. The company operates multiple casinos across the US and Canada, and is actively pursuing new projects. Forward-looking statements may be included in the earnings report, with potential risks outlined in previous SEC filings. For more details, visit their investor relations website.

Century Casinos, Inc. (CNTY) reported second-quarter 2021 financial results, showing a 155% increase in net operating revenue to $92.2 million compared to Q2 2020. Earnings from operations surged 957% to $18.1 million, and net earnings attributable to shareholders rose 154% to $6.9 million. Adjusted EBITDA reached a record $25.2 million, a remarkable increase of 1532%. The company's properties have reopened fully post-COVID-19, contributing to these strong results. As of June 30, 2021, Century Casinos held $80.2 million in cash with no substantial debt due before 2026.

Century Casinos, Inc. (Nasdaq: CNTY) will release its Q2 2021 earnings on August 6, 2021. A conference call will follow at 8:00 a.m. MDT for participants to discuss the results. Investors can join the call by dialing in 15 minutes early. The company owns and operates multiple casinos across the U.S., Canada, and Poland. Notable risks include the ongoing impact of the COVID-19 pandemic on operations. More details are available on their website.

Century Casinos, Inc. (CNTY) announced significant developments for its Caruthersville casino in Missouri. A legislative change allows the facility to operate as a standard building rather than a floating casino, opening opportunities for expansion. The company acquired additional land to enhance access and plans to refurbish an existing hotel to reopen with 36 rooms by early 2022. The Missouri casino licenses remain capped at 13, and Century's Missouri locations accounted for 43% of net operating revenue and 104% of Adjusted EBITDA in Q1 2021, indicating strong financial performance.