BERGER EDUARD M reported acquisition or exercise transactions in this Form 4 filing.
Century Casinos director Eduard M. Berger reported compensation-related equity awards, not open-market trades. He received 4,000 Restricted Stock Units, each representing a right to one share of CNTY common stock, and now holds 4,000 RSUs directly.
He was also granted 2,439 shares of common stock, bringing his directly held common shares to 3,796. The RSUs vest on March 17, 2027, with shares scheduled for delivery on March 18, 2027, and dividend-equivalent rights accrue as dividends are paid on the common stock.
Century Casinos, Inc. filed its annual report detailing a diversified casino and racetrack portfolio across the US, Canada and Poland, organized into five geographic segments. The company operates properties with hotels, racetracks, off-track betting, sports betting and iGaming partnerships, plus extensive players’ club and loyalty programs.
In 2025 it launched a BetMGM retail and online sportsbook in Missouri and is preparing to offer retail sports betting and iGaming in Alberta under a new regulatory framework. The Board began a comprehensive strategic review exploring options that may include asset sales, partnerships, mergers or a potential sale of the company, with no timetable or outcome yet determined.
The report highlights intense regional competition, seasonality, heavy regulation and significant leverage, including variable-rate debt and long-term triple-net lease obligations on many North American properties. Management also emphasizes cybersecurity, climate and disaster risks, labor availability, and regulatory and tax changes as key ongoing risk factors.
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.
Investment Company, Inc. filed an amended Schedule 13G reporting its beneficial ownership of Century Casinos, Inc. common stock. The firm is shown as having sole voting and dispositive power over 770,508 shares as of 12/31/2025, held through three affiliated investment funds.
The shares are allocated among Special Situations Cayman Fund, L.P., Special Situations Fund III QP, L.P., and Special Situations Private Equity Fund, L.P., all advised by Investment Company, Inc. The filer states it now owns 5 percent or less of the outstanding common stock and that the position is held in the ordinary course of business, not to change or influence control of Century Casinos.
Royce & Associates, LP has filed Amendment No. 8 to a Schedule 13G for Century Casinos, Inc. common stock. The investment adviser reports beneficial ownership of 1,585,158 shares, representing 5.38% of the class as of the event date, with sole voting and sole dispositive power over these shares and no shared power.
The filing states that the securities are held in the ordinary course of business, not for the purpose or effect of changing or influencing control of Century Casinos. The shares are beneficially owned through one or more registered investment companies or other managed accounts that are investment management clients of Royce & Associates, which is an indirect majority-owned subsidiary of Franklin Resources, Inc. Royce & Associates notes internal information barriers within the broader organization and disclaims pecuniary interest and group status with related Franklin entities and principal shareholders.
Century Casinos, Inc. received a Schedule 13G from institutional investor Rice Hall James & Associates, LLC, a Delaware investment adviser, reporting a passive stake in the company’s common stock. As of December 31, 2025, Rice Hall James beneficially owned 1,489,303 shares of Century Casinos common stock, representing 5.06% of the outstanding class.
The firm reports sole voting and sole dispositive power over all 1,489,303 shares, with no shared power. It certifies that the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Century Casinos.
Century Casinos (CNTY) filed its Q3 2025 report, showing steady operations but a GAAP loss driven by financing costs. Net operating revenue was $153.7 million versus $155.7 million a year ago. Earnings from operations were $17.1 million, offset by $26.4 million of interest expense, resulting in a net loss attributable to shareholders of $10.5 million (basic and diluted EPS $(0.35)).
Year to date, the company posted a net loss of $43.5 million. Cash and cash equivalents were $77.7 million (down from $98.8 million at December 31, 2024). Operating cash flow for the nine months was $6.8 million; investing used $17.8 million (mainly capex), and financing used $10.7 million, including repurchases of 1,029,657 shares for $2.5 million (Q3: 600,923 shares for $1.5 million). Long-term debt was $329.3 million and the long-term financing obligation to VICI totaled $712.1 million; Q3 cash payments under the Master Lease were $14.4 million. Shareholders’ equity stood at a deficit of $(78.6) million. Casinos Poland was out of compliance with certain covenants, allowing a 0.50% rate increase without acceleration. The company expects sports betting in Missouri with BetMGM to begin on December 1, 2025. Shares outstanding were 29,445,056 as of November 6, 2025.
Century Casinos, Inc. filed a 10‑Q/A to restate prior financials after correcting the calculation of invested capital used in the Rocky Gap reporting unit valuation, resulting in a goodwill impairment of $26.5 million recorded for that unit. Management also revised its conclusion and determined that disclosure controls and procedures were not effective as of June 30, 2025 due to a material weakness in reviewing key impairment inputs.
The restatement reduced goodwill by $26.473 million, lowered total assets to $1,181.978 million, decreased deferred income taxes by $1.042 million, and increased retained loss to $(177.456) million, bringing Century Casinos shareholders’ equity to $(66.924) million and total equity to $24.768 million. The company states prior financial statements and related communications for the affected periods should no longer be relied upon.
Operating results for Q2 2025 remain as presented: net operating revenue $150.818 million, interest expense $26.211 million, and a net loss attributable to shareholders of $12.309 million ($0.40 per share). 30,020,396 common shares were outstanding as of August 4, 2025.
Century Casinos, Inc. (CNTY) filed an amended quarterly report for the period ended March 31, 2025 to restate prior figures after identifying an error in the impairment testing for its Rocky Gap reporting unit. The correction resulted in a $26.5 million goodwill impairment recorded in Q4 2024 and adjustments to balances presented in this report.
As restated at March 31, 2025, goodwill is $10.2 million, total assets are $1,186.1 million, retained loss is $(165.1) million, and Century Casinos shareholders’ equity (deficit) is $(54.3) million. Management concluded that disclosure controls and procedures were not effective as of March 31, 2025 due to a material weakness related to reviewing key inputs and assumptions used in impairment testing.
Operating performance for Q1 2025 remains as previously reported: net operating revenue of $130.4 million, net loss of $18.9 million, and loss per share of $0.67. Cash used in operating activities was $4.6 million, and interest expense remained elevated given the $703.5 million financing obligation under the VICI master lease.
Century Casinos, Inc. filed an amended annual report to restate its 2024 financials after identifying a material error in its impairment testing. The company recorded a $26.5 million goodwill impairment for the Rocky Gap reporting unit and advised that prior 2024 financial statements and related communications should no longer be relied upon.
Management determined that disclosure controls and internal control over financial reporting were not effective as of December 31, 2024 due to a material weakness in reviewing key inputs and assumptions used in impairment testing. A compensation recovery analysis under Rule 10D‑1 resulted in no recovery because executive incentive pay was not based on measures impacted by the restatement.
The filing also highlights recent development projects: a $51.9 million land‑based casino and 38‑room hotel opened in Caruthersville, Missouri (funded via the VICI Master Lease), and a $30.5 million hotel opened in Cape Girardeau (funded with cash. As of March 7, 2025, 30,682,603 common shares were outstanding.