CENTURY CASINOS INC /CO/ (CNTY): auditor change — Century Casinos restates FY2024 and Q1/Q2 2025 results due to goodwill impairment error

CENTURY CASINOS INC /CO/

Error: miscalculation of carrying value of invested capital at Rocky Gap unit led to understated goodwill impairment.
Estimated YE 2024 impacts: impairment expense +$26.5M, net loss +$25.4M, deferred tax -$1.0M; same for Q1/Q2 2025.
Material weakness in internal control over financial reporting identified; disclosure controls and ICFR ineffective.
Company will file amended 10-K/A for 2024 and 10-Q/As for Q1 and Q2 2025 within five days.
No impact on cash flows, debt covenants, or executive compensation metrics.

item 4.02 item 7.01

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.95

CENTURY CASINOS INC /CO/ reported that prior financial statements should not be relied upon.

Action: non reliance

Exact text from the filing

On November 6, 2025, the Audit Committee of the Board of Directors of Century Casinos, Inc. (the “Company,” “we,” “our,” or “us”) concluded that our previously issued consolidated financial statements as of and for the year ended December 31, 2024 (the “Form 10-K Financial Statements”) included in the Form 10-K for the year ended December 31, 2024 (the “Original Form 10-K”) contained a material error and should be restated to reflect the correction of a calculation of the carrying value of invested capital used in the valuation of our Rocky Gap reporting unit that resulted in an impairment of goodwill for this reporting unit.

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Source: SEC EDGAR

accession 0000911147-25-000044

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