secwatch.observer — SEC 8-K summary
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Issuer:     CENTURY CASINOS INC /CO/ (CNTY)
CIK:        0000911147
Form:       8-K
Filed at:   2025-11-10T23:59:59+00:00
Accession:  0000911147-25-000044
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 4.02, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Century Casinos restates FY2024 and Q1/Q2 2025 results due to goodwill impairment error
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/911147/000091114725000044/0000911147-25-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/911147/000091114725000044/cnty-20251106x8k.htm
  HTML page:      https://secwatch.observer/filing/0000911147-25-000044

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