Century Casinos Stock Price, News & Analysis

Century Casinos, Inc. (CNTY) has announced the reopening of its eight casinos in Poland as of May 28, 2021. These establishments were closed on March 19, 2021, due to a COVID-19 quarantine imposed by the Polish government. The reopening will follow health and safety protocols, although future closures remain a possibility. The company's US casinos are operational, while its Canadian venues are still closed. This step marks a significant move towards restoring normal operations for Century Casinos in Poland.

Century Casinos, Inc. (Nasdaq: CNTY) announced the extension of closures for its Polish casinos until June 6, 2021, due to ongoing government-imposed quarantines amid the COVID-19 pandemic. Initially expected to reopen on May 8, 2021, the decision reflects the evolving nature of the pandemic and its adverse effects on the company, likely impacting operations into the first half of 2021. The company operates multiple casinos across North America, Europe, and holds interests in various gaming operations.

Century Casinos, Inc. (CNTY) reported Q1 2021 financial results, showing a 17% decline in net operating revenue to $72.4 million compared to Q1 2020. However, earnings from operations soared by 126% to $8.2 million, and adjusted EBITDA rose 53% to $14.7 million. A net loss of $1.4 million was reported, a 97% improvement from the previous year. The company's Canadian properties remain closed, while Polish casinos are set to reopen on May 8, 2021. Cash and cash equivalents stood at $66 million, with total debt at $184.4 million.

Century Casinos, Inc. (Nasdaq: CNTY) will report its first-quarter 2021 earnings on May 7, 2021. A conference call is scheduled for 8:00 am MST that day, with participants advised to join 15 minutes early. Domestic participants can call +1 844-244-9160, while international callers should dial +1 330-931-4670. The company operates casinos and entertainment venues across the US and Canada and has a significant presence in Poland. More details can be found on their website.

Century Casinos, Inc. (CNTY) has successfully launched online casino platforms in West Virginia through partnerships with Rush Street Interactive and William Hill. This follows the West Virginia Lottery's approval, with BetRivers.com going live on April 12 and William Hill Casino on April 13. Each of the state's five casinos can offer online gaming, with Century's Mountaineer Casino holding licenses for three iGaming skins. Revenue sharing agreements will benefit Mountaineer Casino through net gaming revenue and a one-time fee.

Century Casinos (CNTY) announced the temporary closure of its Polish casinos from March 19 to April 9, 2021, due to government-imposed quarantines related to COVID-19. This Polish segment accounted for 1% of the Company's Adjusted EBITDA in 2020. The ongoing pandemic is expected to adversely impact the Company through at least the first half of 2021.

Century Casinos, Inc. (CNTY) reported a strong financial performance for Q4 2020, with net operating revenue of $84.8 million, up 26% year-over-year and earnings from operations soaring by 227% to $18.7 million. The company posted net earnings attributable to shareholders of $6.7 million, a 133% increase. For the full year, revenue was $304.3 million, a 39% rise, although a net loss of $48 million was recorded, worsening by 151%. The results reflect challenges from COVID-19 closures, which impacted revenue by ~$91.3 million. The company remains cautious about 2021 due to ongoing pandemic uncertainties.

Century Casinos, Inc. (Nasdaq: CNTY) will release its fourth quarter and year-end 2020 earnings on March 12, 2021. The earnings conference call is scheduled for 8:00 a.m. MST, with participants encouraged to call in 15 minutes early. The call can be accessed domestically at +1 844-244-9160 and internationally at +1 330-931-4670 using conference ID 'Quarter4'. Interested investors can find further details and listen to a recording on the company's website.

Century Casinos (CNTY) has reopened its eight casinos in Poland as of February 12, 2021, following a mandatory closure since December 28, 2020, due to COVID-19 restrictions. The reopening is contingent on government mandates and is set to be reassessed by February 28, 2021. Social distancing and health protocols will be enforced. Century Casinos holds a 66.6% interest in its Polish subsidiary, Casinos Poland Ltd. The company warns of potential future closures depending on government regulations.