earnings
confidence high
sentiment negative
materiality 0.75
Century Casinos Q4 net loss $0.36/sh; revenue +39%; Poland closures weigh
CENTURY CASINOS INC /CO/
- Q4 net loss attributable to shareholders $10.8M ($0.36/share) vs $4.0M loss a year ago; FY net loss $28.2M ($0.93/share) vs profit $8.0M in 2022.
- Q4 net operating revenue $143.8M (+39% YoY); FY $550.2M (+28%) driven by US casino acquisitions.
- Adjusted EBITDAR Q4 $25.4M (+17%); FY $114.0M (+10%). US segment Adjusted EBITDAR up 35% in Q4.
- Poland revenue down 13% Q4 from licensing delays; three casinos closed, one reopened Feb 2024, others expected in March and Q3 2024.
- Cape Girardeau hotel on track early April 2024; Caruthersville casino/hotel late 2024. Cash $171.3M, debt $346.8M.