secwatch.observer — SEC 8-K summary
======================================

Issuer:     CENTURY CASINOS INC /CO/ (CNTY)
CIK:        0000911147
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0000911147-24-000053
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 Q2 net loss $41.6M; revenue up 7% to $146.4M
------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/911147/000091114724000053/0000911147-24-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/911147/000091114724000053/cnty-20240807x8k.htm
  HTML page:      https://secwatch.observer/filing/0000911147-24-000053

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer