#USA #Colorado Springs #Earnings #financial report #Century Casinos

Century Casinos, Inc. Reports Strong Financial Results for Q2 2026

Overview of Q2 2026 Performance
Century Casinos, Inc. has announced positive financial results for the second quarter of 2026, showcasing resilience and growth despite challenges posed by international operations. The company reported net operating revenue of $152.0 million, marking a modest 1% increase compared to the same period in the previous year. Earnings from operations also saw an uptick, registering $17.2 million, up 4% year-over-year. Notably, the adjusted EBITDAR reached $31.7 million, reflecting a 5% growth. This performance underscores the efficacy of Century's strategic focus on improving its North American business segments, particularly in Colorado and Missouri.

Key Financial Highlights
Here are the significant highlights from Century's Q2 2026 performance:

• - Net Operating Revenue: Increased to $152 million compared to $150.8 milliom in Q2 2025, a 1% growth.
• - Earnings from Operations: Reported at $17.2 million, marking a 4% increase from last year.
• - Net Loss: Shareholders faced a loss of $10.9 million, representing an 11% improvement from $12.3 million loss recorded in Q2 2025.
• - Adjusted EBITDAR: A notable increase to $31.7 million, an improvement of 5% over the prior year.

These results exhibit the company's focus on refining operational efficiency and boosting revenue streams across various business segments.

Performance by Segment
In evaluating specific segments, Century's operations in the U.S. West have made remarkable strides, with net operating revenue soaring to $23.4 million, which is a 16% increase from $20.2 million during the same timeframe in 2025.
- The net loss in this segment also improved significantly, with a reduction of 75%, culminating in a loss of only $0.7 million. Additionally, the adjusted EBITDAR for the U.S. West segment surged by 93% to $4.5 million, demonstrating the continued strength of the Nugget Casino Resort in Reno, Nevada.

• - Conversely, the company's operations in Poland experienced declines, with operating revenue falling by 19% year-over-year, reflecting challenges due to low table hold rates during June 2026. However, there are emerging signs of recovery, indicating a possible upswing in the coming quarters.

Future Outlook
Century Casinos' leadership expressed optimism regarding the North American market's ongoing recovery. Co-CEOs Erwin Haitzmann and Peter Hoetzinger committed to maintaining the momentum seen in the U.S. segments while addressing the operational challenges in Poland. The continual growth of adjusted EBITDAR and overall revenue affirms the direction of the company under its current strategies. Moreover, Century Casinos is strengthening its capital structure, with cash reserves totaling $60.2 million as of June 30, 2026, although this reflects a decrease from the previous year.

Conference Call Announcements
The company will conduct a conference call to discuss these results in detail on August 7, 2026. Interested parties can join via their official website for live insights and future projections.

As Century Casinos forges ahead, stakeholders remain attentive to the balancing act between leveraging North American growth opportunities and mitigating losses from international markets. The strategic focus on areas yielding robust performances displays a proactive stance in navigating the competitive landscape of the casino and gaming industry.