Century Casinos Q3 revenue +43% to $161.2M; net loss $14.2M vs profit $2.9M a year ago

CENTURY CASINOS INC /CO/

2023-Q3 EPS reported -$0.57 revenue$406,448,000

Record quarterly net operating revenue of $161.2M (up 43% YoY); Adjusted EBITDA $33.3M (up 19%).
Net loss attributable to shareholders was $14.2M ($0.47 basic loss per share) vs net income of $2.9M ($0.10 basic EPS) in Q3 2022.
U.S. segment revenue surged 65% to $116.9M driven by acquisitions of Nugget Casino and Rocky Gap; Canada up 4%, Poland up 8%.
Completed Rocky Gap acquisition for $59.1M and Canada real estate sale for CAD 221.7M, reducing Net Debt from $255.5M to $158.9M.
Interest expense increase and $7.3M loss on debt extinguishment contributed to net loss; guidance expects consistent revenue/expense trends.

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 the three and nine months ended September 30, 2023 results: revenue Net operating revenue was $161.2 million, an increase of 43%., net income Net loss attributable to Century Casinos, Inc. shareholders was ($14.2) million, a change of (582%), EPS basic loss per share was ($0.47)..

Period: the three and nine months ended September 30, 2023
Revenue: Net operating revenue was $161.2 million, an increase of 43%.
Net income: Net loss attributable to Century Casinos, Inc. shareholders was ($14.2) million, a change of (582%)
EPS: basic loss per share was ($0.47).
Result: reported results

Exact text from the filing

for the three and nine months ended September 30, 2023 . THIRD Quarter 202 3 Highlights * Compared to the three months ended September 30, 2022 : · Net operating revenue was $161.2 million, an increase of 43%. · Earnings from operations were $14.5 million, a decrease of 28%. · Net loss attributable to Century Casinos, Inc. shareholders was ($14.2) million, a change

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Source: SEC EDGAR

accession 0000911147-23-000087

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