secwatch.observer — SEC 8-K summary
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Issuer:     CENTURY CASINOS INC /CO/ (CNTY)
CIK:        0000911147
Form:       8-K
Filed at:   2022-03-08T23:59:59+00:00
Accession:  0000911147-22-000010
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/911147/000091114722000010/0000911147-22-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/911147/000091114722000010/cnty-20220307x8k.htm
  HTML page:      https://secwatch.observer/filing/0000911147-22-000010

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