secwatch.observer — SEC 8-K summary
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Issuer:     CENTURY CASINOS INC /CO/ (CNTY)
CIK:        0000911147
Form:       8-K
Filed at:   2022-05-06T23:59:59+00:00
Accession:  0000911147-22-000043
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Century Casinos Q1 rev. $103.1M (+42%), EPS $0.01; closes $95M Nugget acquisition
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/911147/000091114722000043/0000911147-22-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/911147/000091114722000043/cnty-20220505x8k.htm
  HTML page:      https://secwatch.observer/filing/0000911147-22-000043

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