secwatch.observer — SEC 8-K summary
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Issuer:     CENTURY CASINOS INC /CO/ (CNTY)
CIK:        0000911147
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0000911147-23-000087
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/911147/000091114723000087/0000911147-23-000087-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/911147/000091114723000087/cnty-20231108x8k.htm
  HTML page:      https://secwatch.observer/filing/0000911147-23-000087

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