CENTURY CASINOS INC /CO/ (CNTY) SEC Filings

Century Casinos, Inc. reported all‑time record second‑quarter 2026 net operating revenue and Adjusted EBITDAR, though it remained unprofitable. Net operating revenue for the three months ended June 30, 2026 was $151.995 million, up 1% year over year, and Adjusted EBITDAR was $31.660 million, up 5%. Earnings from operations rose 4% to $17.180 million. The net loss attributable to shareholders narrowed to $10.910 million from $12.309 million, and for the first six months the net loss improved to $27.414 million from $32.922 million as Adjusted EBITDAR grew 12% to $56.599 million.

Performance was led by North America, including a 93% Adjusted EBITDAR increase in the US West segment, while Poland weakened sharply with a 97% decline in quarterly Adjusted EBITDAR and lower net operating revenue. As of June 30, 2026 the company held $60.2 million in cash and cash equivalents and had $336.5 million of outstanding debt plus a $708.0 million long‑term financing obligation under its master lease, contributing to shareholder deficit equity of $(125.671) million. The company’s Consolidated First Lien Net Leverage Ratio exceeded 5.50 to 1.00, but there were no outstanding revolving borrowings under its Goldman Sachs credit agreement.

Century Casinos, Inc. reported Q2 2026 net operating revenue of $151,995 (amounts in thousands), compared with $150,818 for Q2 2025, and six‑month revenue of $289,234 versus $281,261. Dollar amounts are in thousands.

Earnings from operations were $17,180, up from $16,575 a year earlier, but financing costs kept results in the red. Quarterly interest expense on debt was $25,937 and the long‑term financing obligation under the VICI master lease generated $16,887 of interest expense, leading to a net loss attributable to shareholders of $10,910, or $0.39 per share, and a six‑month loss of $27,414, or $0.96 per share.

Total assets were $1,105,204, including goodwill of $10,377 and intangible assets of $72,431. The balance sheet shows $336,485 of long‑term debt principal and a $708,048 financing obligation to VICI subsidiaries, contributing to a shareholders’ deficit of $125,671 and total deficit equity of $35,546. Cash and cash equivalents were $60,179; net cash from operating activities was $7,314 for the first half, while investing and financing uses reduced cash by $8,748. Century operates casinos in the United States, Canada and Poland and offers sports betting in Missouri through a partnership with BetMGM.

Century Casinos, Inc. reported the results of its 2026 Annual Meeting of Stockholders held on June 22, 2026. Stockholders elected Class II directors Peter Hoetzinger and Mitchell Etess, each receiving over 13 million votes in favor with more than 1.4 million votes against and broker non-votes recorded.

Stockholders ratified Ernst & Young LLP as independent registered public accounting firm for the year ending December 31, 2026, with 21,657,786 votes for, 80,969 against and 728,594 abstentions. An advisory resolution approving compensation of named executive officers received 10,805,746 votes for, 3,389,851 against and 410,198 abstentions, with broker non-votes also reported.

Century Casinos, Inc. filed a shelf registration to offer up to $100,000,000 of securities, including common stock, preferred stock, debt securities, depositary certificates, warrants and units. The shelf permits multiple offerings from time to time and will be accompanied by prospectus supplements that specify amounts, prices and terms.

The prospectus states the company may use proceeds for gaming projects, working capital, acquisitions and debt repayment. It discloses 28,133,538 shares of common stock outstanding as of June 10, 2026, a Nasdaq last reported sale price of $1.45 (June 10, 2026) and an approximate public float of $37.1 million calculated as of May 8, 2026.

Century Casinos, Inc. reported that its Audit Committee dismissed Grant Thornton LLP as independent auditor on May 21, 2026 and appointed Ernst & Young LLP on May 22, 2026 to audit the fiscal year ending December 31, 2026.

Grant Thornton’s reports on the company’s 2024 and 2025 financial statements were clean, with no adverse or qualified opinions. The company states there were no disagreements with Grant Thornton on accounting or auditing matters, but it previously disclosed material weaknesses in internal control over financial reporting related to review of key inputs and assumptions in impairment testing.

These material weaknesses led to restatements of the 2024 annual financial statements and the unaudited quarterly financial statements for the three months ended March 31, 2025 and the three and six months ended June 30, 2025. The company also notes it did not consult Ernst & Young on accounting or audit issues before the appointment.

Century Casinos Inc. executive Randolph Lyle, an Executive Vice President, has filed an initial Form 3 showing his current holdings in the company. The filing reports that he directly owns 40,452 shares of Common Stock, establishing a baseline of his equity position as of the reported date, with no specific buy or sell transaction described.

Etess Mitchell G. reported acquisition or exercise transactions in this Form 4 filing.

Century Casinos director Mitchell G. Etess received a grant of 457 restricted stock units (RSUs). Each unit represents a contingent right to receive one share of CNTY common stock, giving him potential future ownership if vesting conditions are met.

The RSUs vest on May 12, 2027, with shares scheduled for delivery on May 13, 2027. Dividend equivalent rights will accrue on these RSUs when and as dividends are paid on the company’s common stock, aligning part of the award’s value with any future dividend payments.

Century Casinos Inc. director Mitchell G. Etess filed an initial Form 3 indicating no ownership of the company’s common stock. The filing shows zero shares beneficially owned following the reported date, and a footnote explicitly states that no securities are beneficially owned.