Century Casinos, Inc. Announces Third Quarter 2021 Results

About this update from Century Casinos, Inc.

[{"type":"text","content":"COLORADO SPRINGS, Colo., Nov. 5, 2021 /PRNewswire/ -- Century Casinos, Inc. (Nasdaq Capital Market®: CNTY) today announced its financial results for the three and nine months ended September 30, 2021. \n\n \n \n \n \n \n \n\n \nThird Quarter 2021 Highlights*\nNet operating revenue was $116.6 million, an increase of 22% from the three months ended September 30, 2020. Earnings from operations was $25.7 million, an increase of 71% from the three months ended September 30, 2020. Net earnings attributable to Century Casinos, Inc. shareholders was $11.2 million, an increase of 200% from the three months ended September 30, 2020. Adjusted EBITDA** was $33.1 million, an increase of 49% from the three months ended September 30, 2020. Basic and diluted earnings per share were $0.38 and $0.36, respectively. Book value per share*** at September 30, 2021 was $4.59.COVID-19 UPDATEThe COVID-19 pandemic had an adverse effect on the Company's 2020 results of operations and financial condition, and has impacted the Company's results of operations to a lesser extent in 2021 because the Company's United States properties were open and operating during this period. \nThe Company's Canada properties reopened on June 10, 2021, and its Poland casinos reopened on May 28, 2021. The Company's casinos in the United States have been open since June 2020. The Company's properties have varied their operations based on the governmental health and safety requirements in the jurisdictions in which they are located. Current governmental health and safety requirements in Canada include proof of vaccination or negative rapid test results for entry. The Company's operations in the United States and Poland have limited health and safety requirements. The duration and ultimate impact of the COVID-19 pandemic otherwise remains uncertain.\nThe consolidated results for the three and nine months ended September 30, 2021 and 2020 are as follows:\nAmounts in thousands, except per share data \nFor the three months ended September 30,\n\nFor the nine months\n ended September 30,\nConsolidated Results:\n2021\n2020\n% Change\n2021\n2020\n% Change\nNet Operating Revenue\n$\n116,610\n$\n95,706\n22%\n$\n281,207\n$\n219,466\n28%\nEarnings (Loss) from Operations\n25,727\n15,014\n71%\n52,089\n(18,872)\n376%\nNet Earnings (Loss) Attributable to Century Casinos, Inc. Shareholders\n$\n1...

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