Century Casinos reports Q2 net loss of $2.0M on revenue $136.8M, up 23%

CENTURY CASINOS INC /CO/

2023-Q2 EPS reported -$0.11 revenue$245,268,000

Net loss attributable to shareholders ($2.0M) vs $8.9M profit in Q2 2022; EPS loss $0.06.
Revenue record $136.8M, +23% YoY, driven by Nugget Casino Resort acquisition; construction disruptions in Missouri.
Closed Rocky Gap Casino Resort acquisition for $61.2M on July 25; funded with $30M revolver draw and cash.
Announced sale of Canadian real estate to VICI for CAD 221.7M; close expected Q3 2023.
Adjusted EBITDA $29.3M, -2% YoY; US segment +15%, Canada -8%, Poland -31%.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CENTURY CASINOS INC /CO/ reported Second Quarter 2023 results: revenue Net operating revenue was $136.8 million, net income Net loss attributable to Century Casinos, Inc. shareholders was ($2.0) million, EPS Loss per share was ($0.06).

Period: Second Quarter 2023
Revenue: Net operating revenue was $136.8 million
Net income: Net loss attributable to Century Casinos, Inc. shareholders was ($2.0) million
EPS: Loss per share was ($0.06)
Result: reported results

Exact text from the filing

Net operating revenue was $136.8 million, an increase of 23%. · Earnings from operations were $18.6 million, a decrease of 10%. · Net loss attributable to Century Casinos, Inc. shareholders was ($2.0) million, a decrease of (122%). · Adjusted EBITDA** was $29.3 million, a decrease of (2%). · Loss per share was ($0.06).

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Source: SEC EDGAR

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