earnings
confidence high
sentiment positive
materiality 0.75
Century Casinos Q1 rev. $103.1M (+42%), EPS $0.01; closes $95M Nugget acquisition
CENTURY CASINOS INC /CO/
2022-Q1 EPS reported
$0.01
revenue$103,103,000
- Net revenue $103.1M (+42% YoY); EBITDA $23.8M (+62%); net income $0.2M vs loss ($1.4M) in Q1 2021.
- US segment revenue flat (+1% to $65.2M) but Canada (+696%) and Poland (+269%) surged on reopening.
- On Apr 1, 2022, closed 50% PropCo buy for ~$95M; will acquire 100% of OpCo (Nugget Casino Resort) for $100M within one year.
- Entered $350M term loan & $30M revolver with Goldman Sachs; repaid ~$166.2M Macquarie debt.
- Cash $87.9M post-acquisition (excluding $100M OpCo escrow); debt $372.1M (incl. $350M term loan, $282.2M Master Lease).