Financial Performance - Century Casinos reported a quarterly loss of $1.36 per share, significantly worse than the Zacks Consensus Estimate of a loss of $0.40, marking an earnings surprise of -240% [1] - The company's revenues for the quarter ended June 2024 were $146.44 million, missing the Zacks Consensus Estimate by 5.28%, but showing an increase from $136.76 million year-over-year [2] - Over the last four quarters, Century Casinos has surpassed consensus EPS estimates only once [2] Stock Performance - Century Casinos shares have declined approximately 51.6% since the beginning of the year, contrasting with the S&P 500's gain of 9% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.19 on revenues of $165.7 million, and for the current fiscal year, it is -$1.25 on revenues of $613.6 million [7] Industry Outlook - The Gaming industry, to which Century Casinos belongs, is currently ranked in the top 39% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Century Casinos' stock performance [5]

Financial Performance - Net operating revenue for Q2 2024 was $146.4 million, a 7% increase compared to Q2 2023[2] - Earnings from operations decreased by 23% to $14.3 million in Q2 2024[2] - Net loss attributable to Century Casinos, Inc. shareholders was $41.6 million, representing a 2024% increase in loss compared to the previous year[5] - Adjusted EBITDAR for Q2 2024 was $27.4 million, down 6% from Q2 2023[2] - The company experienced a significant decline in net loss attributable to shareholders, with a 1623% increase in loss for the six months ended June 30, 2024, compared to the same period in 2023[8] - The company reported net operating revenue of $146.4 million for Q2 2024, a 7.3% increase from $136.8 million in Q2 2023[13] - Total operating costs and expenses for Q2 2024 were $132.2 million, compared to $118.2 million in Q2 2023, reflecting a 11.9% increase[13] - The company incurred a net loss attributable to shareholders of $41.6 million in Q2 2024, compared to a net loss of $1.96 million in Q2 2023[13] - Adjusted EBITDAR for Q2 2024 was $27.4 million, compared to $29.3 million in Q2 2023, indicating a decrease of 6.4%[17] - For the six months ended June 30, 2024, Century Casinos reported a net loss attributable to shareholders of $55,157,000, compared to a net loss of $3,202,000 for the same period in 2023[21] - Adjusted EBITDAR for the six months ended June 30, 2024, was $48,697,000, while for the same period in 2023, it was $55,340,000, indicating a decrease of approximately 12%[21] - The company's total interest expense for the six months ended June 30, 2024, was $50,211,000, up from $35,732,000 in the same period of 2023, reflecting an increase of approximately 40%[25] Tax and Financial Obligations - The company recorded a valuation allowance on its US deferred tax assets, resulting in a tax expense of $23.8 million for Q2 2024[8] - The company's outstanding debt as of June 30, 2024, was $341.6 million, slightly down from $346.8 million at December 31, 2023[10] - The company has a long-term financing obligation of $653.8 million under its Master Lease[10] - Century Casinos' interest expense related to VICI Financing Obligation increased significantly to $30,374,000 for the six months ended June 30, 2024, compared to $14,418,000 in the same period of 2023[25] - The Master Lease payments for the three months ended June 30, 2024, amounted to $15,195,000, compared to $6,866,000 for the same period in 2023[26] Capital Expenditures and Projects - The new land-based casino in Caruthersville, Missouri is projected to increase gaming positions and hotel rooms by approximately 50%[3] - The estimated project cost for the Caruthersville casino is $51.9 million, with completion expected ahead of schedule in mid-November 2024[4] - Renovations for a new casino in Wroclaw, Poland are ongoing, with an expected opening in October 2024[4] - Total capital expenditures are projected to be approximately $12.6 million for the remainder of 2024 and $12.0 million in 2025[3] - Century Casinos is actively pursuing various projects in different stages of development, including the Caruthersville construction project and reopening casinos in Poland[36] Cash and Assets - As of June 30, 2024, the company had $123.2 million in cash and cash equivalents, down from $171.3 million at December 31, 2023, primarily due to $12.2 million in tax payments and $34.3 million in property and equipment purchases[10] - Current assets decreased to $162.0 million as of June 30, 2024, from $207.0 million at December 31, 2023[14] - The company's total assets decreased to $1.30 billion as of June 30, 2024, from $1.36 billion at December 31, 2023[14] Operational Segments - Net operating revenue for the United States segment for the six months ended June 30, 2024, was $202,543,000, with a net income margin of -20%[24] - In Canada, net operating revenue for the six months ended June 30, 2024, was $38,153,000, with a net income margin of 6%[24] - The Poland segment reported net operating revenue of $41,742,000 for the six months ended June 30, 2024, with a net income margin of -3%[24] - The company operates multiple segments across the United States, including casinos in West Virginia, Maryland, Missouri, Colorado, and Nevada, as well as operations in Canada and Poland[34] Miscellaneous - The company will host its Q2 2024 earnings conference call on August 8, 2024, at 10:00 am EDT[11] - The company incurred acquisition costs of $19,000 during the six months ended June 30, 2024[21] - The company reported a non-cash stock-based compensation of $846,000 for the six months ended June 30, 2024[21] - Century Casinos defines Adjusted EBITDAR margin as Adjusted EBITDAR divided by net operating revenue, which is a non-US GAAP measure used to evaluate casino operations efficiency[33] - The company is subject to risks and uncertainties that could cause actual results to differ materially from forward-looking statements, including legal proceedings and tax liabilities[36] - Century Casinos' common stock trades on The Nasdaq Capital Market under the symbol CNTY[35]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ___________ Commission file number 0-22900 CENTURY CASINOS, INC. (Exact name of registrant as specified in its charter) DELAWARE 84-1271317 (State or othe ...

COLORADO SPRINGS, Colo., July 31, 2024 /PRNewswire/ -- Century Casinos, Inc. (Nasdaq Capital Market®: CNTY) announced today that the Company will release its earnings for the second quarter of 2024 on Thursday, August 8, 2024. On Thursday, August 8, 2024, Century Casinos will host its Q2 2024 Earnings Conference Call at 8:00 am MDT (10:00 am EDT). Participants are advised to dial in 15 minutes in advance. US domestic and Canadian participants please dial 1-800-343-4136 all other international participants p ...

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Century Casinos, Inc. is a casino entertainment company. In the United States the Company operates the following operating segments: (i) in the East, the Mountaineer Casino, Resort & Races in New Cumberland, West Virginia and Rocky Gap Casino, Resort & Golf in Flintstone, Maryland; (ii) in the Midwest, the Century Casino & Hotel in Cape Girardeau and Century Casino Caruthersville, Missouri, and Century Casino & Hotels in Cripple Creek and Central City, Colorado; and (iii) in the West, the Nugget Casino Reso ...

Did you analyze how Century Casinos (CNTY) fared in its international operations for the quarter ending March 2024? Given the widespread global presence of this casino operator, scrutinizing the trends in international revenues becomes imperative to assess its financial strength and future growth possibilities. Revenue Projections for Overseas Markets Wall Street analysts expect Century Casinos to report a total revenue of $158.2 million in the current fiscal quarter, which suggests an increase of 15.7% fro ...

Century Casinos, Inc. (NASDAQ:CNTY) Q1 2024 Results Conference Call May 9, 2024 10:00 AM ET Company Participants Peter Hoetzinger - Co-CEO & President Erwin Haitzmann - Co-CEO Margaret Stapleton - CFO Conference Call Participants Jeff Stantial - Stifel Jordan Bender - Citizens JMP Chad Beynon - Macquarie Operator Good day, everyone, and welcome to today's Century Casino's Q1 2024 Earnings Call. [Operator Instructions] Please note this call is being recorded. And I will be standing by should you need any as ...

| --- | --- | --- | --- | --- | --- | |-----------------------------------------------------------------------------------------------------------|-------|-------------------------------------------------------|-------|------------------|----------------| | Amounts in thousands, except per share data Consolidated Results: \nNet Operating Revenue | $ | For the three months ended March 31, 2024 \n136,017 | $ | 2023 \n108,508 | % Change \n25% | | Earnings from Operations | | 8,287 | | 18,400 | (55%) | | Net Lo ...

The Master Lease provides for the lease of land, buildings, structures and other improvements on the land, easements and similar appurtenances to the land and improvements relating to the operations of the leased properties. The Master Lease has a term of 15 years with no purchase option. At the Company's option, the Master Lease may be extended for up to four five year renewal terms beyond the 15 year term. The Company exercised one five year renewal option when the Master Lease was amended on December 1, ...