Century Casinos Q2 net loss $41.6M; revenue up 7% to $146.4M

CENTURY CASINOS INC /CO/

2024-Q2 EPS reported -$1.81 revenue$282,451,000

Net loss attributable to shareholders of $41.6M ($1.36 basic loss/share), vs net loss of $2.0M in Q2 2023.
Adjusted EBITDAR of $27.4M, down 6% YoY; earnings from operations of $14.3M, down 23%.
US segment revenue up 13% to $106.5M but operating earnings fell 20% to $14.1M; Nugget Casino Resort underperforming.
Poland revenue down 15% to $20.1M due to closure of Krakow and LIM Center casinos upon license expiration.
Recorded $23.8M valuation allowance on US deferred tax assets; Caruthersville casino on budget, completion ahead of schedule in mid-November 2024.

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