Century Casinos Q4 revenue up 27% to $107.3M; announces $195M Nugget Casino acquisition

CENTURY CASINOS INC /CO/

Q4 net operating revenue $107.3M (+27% YoY); net earnings $4.0M (-41%); adjusted EBITDA $24.9M (+36%).
Full year 2021: revenue $388.5M (+28%), net earnings $20.6M (vs loss of $48M), adj. EBITDA $97.9M (+102%).
Entered agreement to acquire Nugget Casino Resort (Reno-Sparks) for $195M; option to buy remaining 50% for $105M.
Plans land-based casino/hotel projects in Missouri ($73M); delayed by lawsuit from City of St. Louis blocking omnibus bill.
Cash $107.8M, debt $181.5M; received $350M term loan commitment from Goldman Sachs for acquisition and refinancing.

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