Century Casinos Stock Price, News & Analysis

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.

Century Casinos (Nasdaq: CNTY) announced the reopening of its casinos in Alberta, Canada on June 10, 2021, after being closed since December 13, 2020 due to COVID-19 restrictions. The reopened venues include Century Casino & Hotel Edmonton, Century Casino St. Albert, Century Mile Racetrack and Casino, and Century Downs Racetrack and Casino. Enhanced health protocols and social distancing measures are in place. The company cautions that future closures may occur, depending on government regulations. Its US and Polish casinos remain open.

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.