Business
Century Casinos, Inc. Announces Third Quarter 2025 Results
Strength in the United States East and Midwest Regions, Offset by Weakness in the United States West Region and Poland. COLORADO SPRINGS, Colo., Nov. 10,
About this update from Century Casinos, Inc.
[{"type":"text","content":"\n Strength in the United States East and Midwest Regions, Offset by Weakness in the United States West Region and Poland. \n \n \n COLORADO SPRINGS, Colo., Nov. 10, 2025 /PRNewswire/ -- Century Casinos, Inc. (the \"Company\", \"we\", \"us\", or \"our\") (Nasdaq Capital Market®: CNTY) today announced its financial results for the three and nine months ended September 30, 2025.\n \n \n \n \n \n \n \n \n \n Third Quarter 2025 Highlights*\n Compared to the three months ended September 30, 2024:\n \n Net operating revenue was $153.7 million, a decrease of 1%.\n Earnings from operations was $17.1 million, a decrease of 4%.\n Net loss attributable to Century Casinos, Inc. shareholders was ($10.5) million, a change of (30%), and basic net loss per share was ($0.35).\n Adjusted EBITDAR** was $31.1 million, a decrease of 6%.\n \n \"We are pleased with the growth in the East and Midwest regions of the United States. At the Nugget in the West region, we continue to focus on increasing local play and enhancing our concert and conference line up to improve results. Poland suffered from one-time costs associated with closing the Hilton Hotel casino. Excluding Poland, third quarter Adjusted EBITDAR would have increased year over year. We look forward to opening the new Wroclaw casino early next year and for results to improve in Poland with no licensing disruptions for the next three years,\" Erwin Haitzmann and Peter Hoetzinger, Co-Chief Executive Officers of Century Casinos remarked.\n \n UPDATES\n \n \n \n Sports Betting – Missouri\n – 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 on December 1, 2025.\n \n \n Poland\n – The Company was awarded a second license for a casino in the city of Wroclaw in March 2025. The Company expects to open the casino in January 2026.\n \n \n Rocky Gap Goodwill Impairment\n – The Company concluded that its previously issued audited financial statements for the year ended December 31, 2024 contained a material error related to the calculation of the carryi...