Business
Century Casinos, Inc. Announces Second Quarter 2025 Results
Company Initiates Strategic Review Process to Enhance Shareholder Value. COLORADO SPRINGS, Colo., Aug. 7, 2025 /PRNewswire/ -- Century Casinos, Inc. (the
About this update from Century Casinos, Inc.
[{"type":"text","content":"Company Initiates Strategic Review Process to Enhance Shareholder Value.\nCOLORADO SPRINGS, Colo., Aug. 7, 2025 /PRNewswire/ -- Century Casinos, Inc. (the \"Company\", \"we\", \"us\", or \"our\") (Nasdaq Capital Market®: CNTY) today announced its financial results for the three and six months ended June 30, 2025.\n\n \n \n \n \n \n \n\n \nSecond Quarter 2025 Highlights*\nCompared to the three months ended June 30, 2024:\nNet operating revenue was $150.8 million, an increase of 3%.Earnings from operations was $16.6 million, an increase of 16%.Net loss attributable to Century Casinos, Inc. shareholders was ($12.3) million, a decrease in net loss of 70%, and basic net loss per share was ($0.40).Adjusted EBITDAR** was $30.3 million, an increase of 10%.\"We are proud of the strength and momentum we have built across our portfolio, which has shown solid year over year growth and generated positive cash flow in the quarter. Following various inquiries from third parties about potential asset sales and strategic partnerships, we have initiated a strategic review process as part of our ongoing commitment to driving long-term value creation and optimizing our portfolio of assets and operations,\" Erwin Haitzmann and Peter Hoetzinger, Co-Chief Executive Officers of Century Casinos remarked.\nUPDATES\nSports Betting – Missouri – In May 2025, the Company announced that it has partnered with BetMGM to operate an online and mobile sports betting application under the Company's license in Missouri. The agreement includes a percentage of net gaming revenue payable to the Company, with a guaranteed minimum, as well as retail sportsbook options to be exercised at the Company's discretion. Sports betting is expected to begin in Missouri in the fourth quarter of 2025.\nCaruthersville, Missouri – Since the opening of the new casino and hotel on November 1, 2024, net operating revenue and Adjusted EBITDAR** have increased 26% and 31% respectively.\nPoland – The Company was awarded a second license in the city of Wroclaw in March 2025. The Company expects to open the casino in the fourth quarter of 2025. The Company was notified in June 2025 that it had not received a new license for a second casino in Warsaw and closed the casino at the Hilton Hotel. The license for the Company's flagship casino in Warsaw at The Presidential Hotel runs through 2028.\n...