Century Casinos

Century Casinos, Inc. is an international casino entertainment company, which engages in the development and operation of gaming establishments, lodging, restaurant, horse racing, and entertainment facilities. It operates through the following segments: Canada, United States, Poland, and Corporate and Other. The Canada, United States, and Poland segments include the operations of the company's properties in their respective geographical locations. The Corporate and Other segment consists of additional business activities including concession agreements, management agreements, consulting agreements, and certain other corporate and management operations. The company was founded by Erwin Haitzmann and Peter Hoetzinger in 1992 and is headquartered in Colorado Springs, CO.

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Century Casinos reports record 2022 performance amidst expansion plans

Century Casinos navigated challenges in 2022 to achieve record revenues and EBITDA, with a focus on strategic expansion and cost management.
Despite weather-related disruptions, the company is progressing with new developments and acquisitions, positioning for future growth.
Opportunities in regulatory changes and market performance offer avenues for enhanced results and shareholder value.
Maintaining financial stability and pursuing growth initiatives are key priorities for Century Casinos in 2023.

Century Casinos reports record Q1 earnings and outlines growth plans

Century Casinos (CNTY) delivered strong first quarter results, showcasing revenue growth and operational efficiency across all segments. The company's strategic focus on core customer engagement and expansion initiatives bodes well for future growth and value creation.
Despite inflationary pressures on expenses, Century Casinos demonstrated resilience and financial stability, supported by a solid balance sheet and recent acquisitions. Challenges related to cost management and operational enhancements are being addressed to drive profitability and competitiveness.
With a clear emphasis on growth through acquisitions and development projects, Century Casinos is well-positioned to capitalize on market opportunities and drive sustained expansion. By navigating challenges effectively and leveraging strategic strengths, the company aims to enhance shareholder value and market position.

Century Casinos reports record revenue growth amidst integration challenges

Century Casinos delivered strong revenue growth driven by the Nugget acquisition, despite facing challenges from inflation and increased competition.
The company's strategic focus on integrating new properties, enhancing operations, and managing its balance sheet positions it well for future growth.
With a clear roadmap to address challenges and capitalize on opportunities, Century Casinos is poised for sustainable expansion and value creation.

Century Casinos reports record Q3 revenue and EBITDA growth

Century Casinos delivered strong financial results in Q3 2023, with record net revenue and adjusted EBITDA, showcasing growth and resilience.
While facing cost pressures and margin challenges, the company's multichannel business model and construction projects present growth opportunities.
Maintaining stable customer trends and addressing operational challenges will be crucial for sustaining profitability and driving future growth.
Strategies to mitigate cost pressures, capitalize on U.S. market strength, and optimize operations can position Century Casinos for continued success.

Century Casinos reports robust Q4 earnings, eyes deleveraging strategies

Century Casinos delivered strong financial results in Q4 2023, driven by acquisitions, robust Canadian operations, and growth in the Midwest segment.
While facing challenges in Poland and access issues in Canada, the company remains optimistic about future cash generation and free cash flow post-CapEx cycle.
With a solid balance sheet, plans for property improvements, and potential stock buybacks, Century Casinos is poised for continued growth and financial stability.
Investors should monitor the company's progress in overcoming challenges and capitalizing on opportunities to drive long-term value.

Century Casinos reports strong Q1 revenue growth and focuses on reducing leverage for future growth

Century Casinos delivered strong revenue growth in Q1 2024, driven by acquisitions and Canadian operations, despite challenges in Poland and construction disruptions.
The company maintains a solid financial position with a focus on reducing leverage post-CapEx cycle completion and anticipates positive cash flow generation in the next year.
Opportunities lie in enhancing customer experience, optimizing marketing strategies, and leveraging ongoing developments to drive future growth and strengthen the balance sheet.

Century Casinos (CNTY) reports Q3 earnings decline but eyes growth

Century Casinos (CNTY) navigated challenges in Q3 2024 with a focus on operational efficiencies and strategic growth initiatives.
Despite a decrease in revenue and EBITDAR, the company showcased strengths in maintaining a strong balance sheet and generating positive results from new ventures.
Opportunities lie in leveraging stable customer trends, new property performance, and a commitment to enhancing shareholder value through potential stock buybacks.

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Century Casinos, Inc. is a casino entertainment company, which engages in the business of developing and operating gaming establishments as well as related lodging, restaurant, horse racing, and entertainment facilities. It operates through the following segments: the United States, Canada, Poland, and Corporate and Other. The Corporate and Other segment focuses on operating ship-based casinos. The company was founded by Erwin Haitzmann, Norbert Teufelberger, and Peter Hoetzinger in 1992 and is headquartered in Colorado Springs, CO.

COLORADO SPRINGS, Colo. ,  April 4, 2023 /PRNewswire/ -- Century Casinos, Inc. (Nasdaq Capital Market®: CNTY) ("Century Casinos" or the "Company"), announced that it completed the acquisition of the operations of the Nugget Casino Resort ("Nugget") from Marnell Gaming, LLC ("Marnell") for approximately $100 million (the "Acquisition") on April 3, 2023.

Century Casinos, Inc. Completes Acquisition of Nugget Casino Resort Operations; Expands into Nevada

Century Casinos missed expectations with its fourth quarter results posted before the bell Friday.  The gaming company swung to a loss of $0.14 per share from earnings of $0.13 in the fourth quarter of 2021, far worse than the Zacks Consensus Estimate (ZCE) of a $0.02 per share loss.

Century Casinos shares tumble on 4Q expectations whiff

Century Casinos, Inc. (NASDAQ:CNTY ) Q4 2022 Results Conference Call March 10, 2023 10:00 AM ET Company Participants Peter Hoetzinger - Head of IR Erwin Haitzmann - Chairman of the Board Margaret Stapleton - CFO Conference Call Participants Jackson Gibb - Stifel Financial Corp Chad Beynon - Macquarie Research Jordan Bender - Macquarie Research Edward Engel - ROTH MKM Partners Operator Good day, everyone, and welcome to the Century Casinos Q4 2022 Earnings Call. [Operator Instructions] Please note, today's call will be recorded.

Century Casinos, Inc. (CNTY) Q4 2022 Earnings Call Transcript

Century Casinos (CNTY) delivered earnings and revenue surprises of -800% and 1.09%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Century Casinos (CNTY) Reports Q4 Loss, Lags Revenue Estimates

COLORADO SPRINGS, Colo. , March 10, 2023 /PRNewswire/ -- Century Casinos, Inc. (Nasdaq Capital Market®: CNTY) today announced its financial results for the three months and year ended December 31, 2022.

Century Casinos, Inc. Announces Fourth Quarter and Full Year 2022 Results

COLORADO SPRINGS, Colo. , March 7, 2023 /PRNewswire/ -- Century Casinos, Inc. (the "Company") (Nasdaq Capital Market®: CNTY) announced today that it will attend the Roth Capital Partners 35th Annual Conference in Dana Point, California, USA, on March 13, 2023.

Century Casinos to Present at Annual Roth Conference

COLORADO SPRINGS, Colo. , March 3, 2023 /PRNewswire/ -- Century Casinos, Inc. (Nasdaq Capital Market®: CNTY) announced today that the Company will release its earnings for the fourth quarter and year-end of 2022 on Friday, March 10, 2023.

Century Casinos Announces Dates of Fourth Quarter and Year-End 2022 Earnings Release and Conference Call

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Century Casinos (CNTY) Stock Undervalued Right Now?

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Rolling the dice on earnings could be the play for this casino stock.

Bull of the Day: Century Casinos (CNTY)

Century Casinos (CNTY) could produce exceptional returns because of its solid growth attributes.

3 Reasons Why Growth Investors Shouldn't Overlook Century Casinos (CNTY)

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Century Casinos (CNTY) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

Century Casinos (CNTY) Is Attractively Priced Despite Fast-paced Momentum

COLORADO SPRINGS, Colo. , Jan. 16, 2023 /PRNewswire/ -- Century Casinos, Inc. (the "Company") (Nasdaq Capital Market®: CNTY) announced today that it will attend the Jefferies 12th Annual Winter Restaurant, Foodservice, Gaming, Lodging & Leisure Summit in Bachelor Gulch in Avon, Colorado, USA, on January 23, 2023.

Century Casinos to Present at Jefferies Summit

Vici Properties

NEW YORK--( BUSINESS WIRE )--VICI Properties Inc. (NYSE: VICI) (the “Company” or “VICI” or “VICI Properties”) announced today that it will utilize its Partner Property Growth Fund to provide capital for an exciting expansion project for Century Casinos, Inc. (NASDAQ: CNTY) (“Century” or “Century Casinos”). The project consists of a new land-based casino with an adjacent 38-room hotel tower at Century Casino Caruthersville, located in Caruthersville, Missouri. Pursuant to an amendment to the existing master lease between the parties, VICI will own the real estate improvements associated with these projects, which are expected to cost approximately $51.9 million, and annual rent under the master lease with Century will increase by approximately $4.2 million following completion of the projects.

VICI Properties Inc. Announces Agreement to Provide Capital Through Its Partner Property Growth Fund for Century Casinos' Expansion

COLORADO SPRINGS, Colo. , Dec. 5, 2022 /PRNewswire/ -- Century Casinos, Inc. (Nasdaq Capital Market®: CNTY) broke ground on the new land-based casino and hotel development at Century Casino Caruthersville (the "Caruthersville Project") on Friday, December 2, 2022.

Century Casinos Provides Updates on Projects in Caruthersville, Missouri

Century Casinos, Inc. (NASDAQ:CNTY ) Q3 2022 Earnings Conference Call November 4, 2022 10:00 AM ET Company Participants Peter Hoetzinger - Vice Chairman of the Board, Co-Chief Executive Officer, and President Erwin Haitzmann - Chairman of the Board, Co-Chief Executive Officer Margaret Stapleton - Chief Financial Officer Conference Call Participants Jeff Stantial - Stifel Nicolaus Chad Beynon - Macquarie Jordan Bender - JMP Securities Edward Engel - ROTH Capital Operator Good day, everyone and welcome to today's Century Casinos' Third Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode.

Century Casinos, Inc. (CNTY) Q3 2022 Earnings Call Transcript

Century Casinos (CNTY) delivered earnings and revenue surprises of -47.06% and 2.17%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Century Casinos (CNTY) Q3 Earnings Lag Estimates

COLORADO SPRINGS, Colo. , Nov. 4, 2022 /PRNewswire/ -- Century Casinos, Inc. (Nasdaq Capital Market®: CNTY) today announced its financial results for the three and nine months ended September 30, 2022.

Century Casinos, Inc. Announces Third Quarter 2022 Results

COLORADO SPRINGS, Colo. , Oct. 28, 2022 /PRNewswire/ -- Century Casinos, Inc. (Nasdaq Capital Market®: CNTY) announced today that the Company will release its earnings for the third quarter of 2022 on Friday, November 4, 2022.

Century Casinos Announces Dates of Third Quarter 2022 Earnings Release and Conference Call

COLORADO SPRINGS, Colo. , Sept. 14, 2022 /PRNewswire/ -- Century Casinos, Inc. (the "Company") (Nasdaq Capital Market®: CNTY) announced today that it will attend the Wells Fargo 5th Annual Consumer Conference in Dana Point, California, USA, on September 21, 2022.

Century Casinos to Present at Wells Fargo Consumer Conference

COLORADO SPRINGS, Colo. , Sept. 6, 2022 /PRNewswire/ -- Century Casinos, Inc. (Nasdaq Capital Market®: CNTY) ("Century Casinos" or the "Company"), announced that bet365 went live with its internet and mobile sports betting application using one of the Company's master licenses with the State of Colorado.

Century Casinos' Partner bet365 Launches Internet Sports Betting in Colorado

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Golden Entertainment

NEW YORK--(BUSINESS WIRE)--VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or the “Company”), an experiential real estate investment trust, today announced it has, together with Century Casinos, Inc. (NASDAQ: CNTY) (“Century”), entered into definitive agreements to acquire Rocky Gap Casino Resort (“Rocky Gap”), located in Flintstone, Maryland from Golden Entertainment, Inc. (NASDAQ: GDEN) (“Golden Entertainment”) for an aggregate purchase price of $260.0 million in cash. Pursuant to the tr

VICI Properties Inc. to Acquire Rocky Gap Casino Resort and Lease to Century Casinos, Inc.

LAS VEGAS--(BUSINESS WIRE)--Golden Entertainment, Inc. (NASDAQ: GDEN) (“Golden” or the “Company”) announced today that it entered into definitive agreements to sell Rocky Gap Casino Resort (“Rocky Gap”) for aggregate cash consideration of $260 million. Pursuant to the terms of the agreements, Century Casinos, Inc. (NASDAQ: CNTY) will acquire the operations of Rocky Gap for $56.1 million, subject to customary working capital adjustments, and VICI Properties Inc. (NYSE: VICI) will acquire an inte

Golden Entertainment Enters Into Definitive Agreements to Sell Rocky Gap Casino Resort for $260 Million

COLORADO SPRINGS, Colo. , Aug. 25, 2022 /PRNewswire/ -- Century Casinos, Inc. (Nasdaq Capital Market®: CNTY) ("Century Casinos" or the "Company"), announced that it entered into a definitive agreement to acquire the operations of Rocky Gap Casino Resort ("Rocky Gap"), from Lakes Maryland Development, LLC for approximately $56 million, subject to certain adjustments.

News for Century Casinos Stock (CNTY)