Every 8-K that Century Casinos Inc (CNTY) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow CNTY and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CNTY filings page.
Century Casinos, Inc. agreed to sell the racing and gaming operations of Century Mile Racetrack and Casino in Edmonton and Century Downs Racetrack and Casino in Calgary to Racing Entertainment Centre Holdings Inc., whose parent is Highfield Investment Group Inc., for approximately $16.4 million, subject to an adjustment based on the properties’ working capital at closing. The price represents a 6.1x multiple of FY 2025 EBITDA. Century Casinos owns 100% of Century Mile and a 75% interest in Century Downs; noncontrolling partners own the remaining 25%.
At closing, the properties are to be removed from the company’s triple-net master lease with subsidiaries of VICI Properties, and Highfield will become the tenant and be responsible for the associated rent obligations. Century Casinos’ annual rent will be reduced by approximately $7.5 million with the properties’ removal. The company intends to use the proceeds to reduce indebtedness. Closing is expected in the fourth quarter of 2026 or the first quarter of 2027, subject to gaming regulatory approvals and customary closing conditions.
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 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. 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. reported senior leadership changes across its North American operations. The company notified Andreas Terler, EVP Operations – United States, and Nikolaus Strohriegel, EVP Operations – Canada and Europe, that their employment will be terminated effective May 15, 2026, with continued employment through September 15, 2026 to satisfy local notice requirements. Their departures are treated as terminations without cause, entitling each to severance equal to two times base salary plus the average bonus over the last three years, paid over two years, and immediate vesting of unvested equity awards where performance goals are met.
The company appointed long-time executive Lyle Randolph as Executive Vice President of Operations for the United States, effective May 15, 2026. He will oversee seven U.S. properties with 4,701 slot machines, 93 table games, 2,127 hotel rooms and over 20 food and beverage venues. The company highlights his more than 30 years of gaming and hospitality experience and notes he has overseen more than $80 million in capital projects, contributing to over 70% growth in Adjusted EBITDAR under his leadership at the Missouri properties.
Century Casinos, Inc. reported record first‑quarter net operating revenue for Q1 2026 of $137.2 million, up 5% from $130.4 million a year earlier. Earnings from operations rose to $11.8 million from $7.1 million, while the net loss attributable to shareholders narrowed to $16.5 million from $20.6 million.
Adjusted EBITDAR, a non‑GAAP profitability metric, increased 24% to $24.9 million, helped by broad growth across all North American properties. The Nugget Casino Resort in the US West segment delivered a 93% jump in Adjusted EBITDAR. Consolidated net earnings margin improved to a 12% loss from a 16% loss.
As of March 31 2026, the company held $60.0 million in cash and cash equivalents and $336.7 million of outstanding debt, largely a $332.5 million term loan. It also carries a $712.0 million long‑term financing obligation under its Master Lease with VICI Properties subsidiaries.
Century Casinos, Inc. expanded its Board of Directors from five to six members and appointed Mitchell Etess as a new independent director, effective immediately, with a term running through the 2026 Annual Meeting and election of his successor.
Etess will be compensated under the existing non-employee director program, including a $40,000 annual cash retainer, an annual equity award valued at $10,000 in restricted stock units (capped at 4,000 units), and $2,000 for each gaming application completed. His appointment arises from a nomination and standstill agreement with Brigade Capital Management, LP, under which Brigade agrees for nine months, subject to conditions, not to pursue control actions or additional common stock purchases.
A related side letter states that if the Company runs a Dutch auction to repurchase term loans under its April 1, 2022 Credit Agreement, Brigade and affiliates will tender up to $50 million principal amount of term loans at a specified discount, though there is no assurance any such auction will occur.
Century Casinos reported largely flat revenue but sharply improved profitability metrics for the fourth quarter and full year 2025. Net operating revenue was $137.992M in Q4 2025, essentially unchanged from Q4 2024, and $572.975M for the year, down 1%.
Earnings from operations turned around to $10.439M in Q4 2025 from a loss of $62.627M a year earlier, helped by the absence of prior-year goodwill impairments. For 2025, earnings from operations were $51.279M, compared with a loss of $22.157M in 2024.
Net loss attributable to shareholders narrowed to $(17.946)M in Q4 2025 from $(90.325)M, and to $(61.416)M for 2025 versus $(153.601)M in 2024. Adjusted EBITDAR rose 13% in Q4 to $23.856M and increased 3% for the year to $105.377M, with margin expansion in several segments.
Management highlighted improving trends among lower-end customers and ongoing “robust discussions” on strategic alternatives, including a potential sale of the Poland operations. The Company launched a BetMGM-powered retail and online sportsbook in Missouri and opened a second casino in Wroclaw in early 2026.
As of December 31, 2025, cash and cash equivalents were $68.9M versus $98.8M a year earlier, with outstanding debt of $337.7M and a long-term Master Lease financing obligation of $715.7M.
Century Casinos, Inc. furnished an update on its business by issuing a press release with its financial results for the third quarter of 2025. The company submitted the press release as Exhibit 99.1 to a current report, making the information available to investors.
The company states that the information in this report and Exhibit 99.1 is being furnished, not filed, so it is not subject to certain liability provisions of the Exchange Act and will only be incorporated into other filings if specifically referenced. The report also notes that the press release may contain forward-looking statements and directs readers to the company’s Form 10-K for the year ended December 31, 2024 for a discussion of risk factors.
Century Casinos (CNTY) announced a restatement and non‑reliance on prior financials. The Audit Committee determined that a miscalculation in the carrying value of invested capital used to value the Rocky Gap reporting unit led to a goodwill impairment that was not properly recorded.
For the year ended December 31, 2024, the restatement will record approximately $26.5 million in goodwill impairment, reduce goodwill by $26.5 million, increase net loss attributable to shareholders by about $25.4 million, and reduce deferred income taxes by roughly $1.0 million. The same goodwill, retained losses, and deferred tax impacts apply to the quarters ended March 31, 2025 and June 30, 2025.
The company plans to file a Form 10‑K/A for 2024 and Forms 10‑Q/A for Q1 and Q2 2025 within five calendar days. Management identified a material weakness in internal control over financial reporting; disclosure controls were not effective as of December 31, 2024, March 31, 2025, and June 30, 2025. Operating cash flows are unaffected, and compliance with debt covenants and compensation metrics is unchanged.
Century Casinos, Inc. entered into a 10b5-1 trading plan on August 11, 2025 to repurchase up to $2.5 million of its common stock under a Board-authorized program through December 31, 2025. The Plan implements the previously authorized share repurchase program and sets a dollar cap on repurchases.
The Plan is intended to comply with Rule 10b5-1 and authorizes repurchases to be executed through an independent broker subject to price, market, volume and timing constraints specified in the Plan.
Century Casinos (Nasdaq:CNTY) filed a Current Report on Form 8-K disclosing the final results of its 2025 Annual Meeting of Stockholders held on June 23, 2025.
Key outcomes:
- Re-elected Class I directors Dinah Corbaci (11.52 M for; 2.93 M against; 1.01 M abstain; 8.02 M broker non-votes) and Eduard Berger (13.80 M for; 0.64 M against; 1.01 M abstain; 8.02 M broker non-votes).
- Ratified Grant Thornton LLP as independent auditor for fiscal 2025 with 23.34 M votes for, 92 K against and 31 K abstentions.
- Approved the advisory resolution on executive compensation (10.81 M for; 1.84 M against; 2.80 M abstain; 8.02 M broker non-votes).
- Shareholders selected an annual frequency for future say-on-pay votes, receiving 14.96 M votes versus 0.49 M for other options.
No additional financial results, transactions, or risk factors were disclosed.