Century Casinos Q3 net earnings down 74% to $2.9M; revenue $112.6M

CENTURY CASINOS INC /CO/

2022-Q3 EPS reported $0.38 revenue$326,776,000

Net operating revenue $112.6M (-4% YoY); earnings from operations $20.0M (-22%).
Adjusted EBITDA $28.1M (-15% YoY); diluted EPS $0.09 vs $0.36 in prior year.
Agreed to acquire Rocky Gap Casino Resort operations for ~$56.1M; VICI to buy real estate for ~$203.9M.
Missouri commission approved land-based casino move in Caruthersville after riverboat closed due to low water.
Cash $99.3M, debt $367.3M; $100M escrowed for Nugget OpCo acquisition.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CENTURY CASINOS INC /CO/ reported three and nine months ended September 30, 2022 results: revenue $112.6 million, net income $2.9 million, EPS $0.10.

Period: three and nine months ended September 30, 2022
Revenue: $112.6 million
Net income: $2.9 million
EPS: $0.10
Result: reported results

Exact text from the filing

Market® : CNTY) today announced its financial results for the three and nine months ended September 30, 2022 . Third Quarter 202 2 Highlights* · Net operating revenue was $112.6 million, a decrease of 4% from the three months ended September 30, 2021. · Earnings from operations were $20.0 million, a decrease of 22% from the three months ended September 30, 2021.

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CENTURY CASINOS INC /CO/ filing history →

Source: SEC EDGAR

accession 0000911147-22-000069

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