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Century Casinos, Inc. Reports Financial Results for Second Quarter 2025

Century Casinos, Inc. recently disclosed its financial performance for the second quarter of 2025, highlighting strong operational growth and strategic initiatives aimed at enhancing shareholder value. The report indicates that the company achieved significant milestones in various operational areas, showcasing its robust portfolio amidst evolving market conditions.

Financial Highlights

The second quarter of 2025 saw Century Casinos report a net operating revenue of $150.8 million, marking a 3% increase compared to the same period in 2024. The company also reported earnings from operations of $16.6 million, reflecting a 16% rise year-on-year. Despite these positive indicators, Century Casinos experienced a net loss attributable to shareholders of $12.3 million, which showed a 70% decrease in the loss compared to the previous year. The basic net loss per share improved to ($0.40) from ($1.36).

In terms of Adjusted EBITDAR, which reached $30.3 million, there was a 10% improvement observed when compared to the previous year's second quarter. This suggests that the company not only increased its revenue but also improved its efficiency in managing operating costs.

Strategic Initiatives

Following a surge of inquiries from third parties about potential asset sales and strategic partnerships, Century Casinos has initiated a comprehensive strategic review. Co-CEOs Erwin Haitzmann and Peter Hoetzinger stated, "We are proud of the strength and momentum we have built across our portfolio, which is generating positive cash flow. Our strategic review process is part of our commitment to long-term value creation and optimizing our asset operations."

Expansion in Sports Betting

A significant part of the company’s future strategy involves the booming sports betting market. In May 2025, Century Casinos announced a partnership with BetMGM to launch an online and mobile sports betting application under its license in Missouri, expected to go live in Q4 2025. This partnership includes revenue-sharing terms that will benefit the company directly.

Operational Updates

In terms of operational performance, the recently opened Caruthersville casino and hotel have contributed positively, with net operating revenue and Adjusted EBITDAR reporting increases of 26% and 31% respectively since opening on November 1, 2024.

Moreover, Century Casinos was awarded a second license to operate a casino in Wroclaw, Poland in March 2025, which is anticipated to open its doors in late 2025. This addition will further expand the company's footprint in Poland, reinforcing its commitment to growth in key international markets.

Financial Health and Future Outlook

As of June 30, 2025, Century Casinos reported cash and equivalents of $85.5 million. The company maintained a strong financial profile with an outstanding debt of $338.1 million, showing management's commitment to responsible financial governance while continuing to invest in growth opportunities, as demonstrated by the recent capital expenditure program.

The Board’s strategic review is comprehensive, evaluating various avenues including mergers, partnerships, and potential asset divestitures aimed at bolstering shareholder value. No timetable has been set for the review’s conclusion, yet the company aims to remain proactive in its strategic planning.

As Century Casinos looks toward the future, it remains committed to exploring new growth areas while maintaining operational excellence and delivering value to its shareholders. The company will continue to share pertinent updates and outcomes from the strategic review process as they unfold.

For more detailed information, investors and stakeholders can access Century Casinos’ full financial report and presentation on their official website.