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Century Casinos, Inc. Announces Fourth Quarter and Full Year 2024 Results
2025 Looks Promising After Opening of New Land-Based Casino in Missouri
COLORADO SPRINGS, Colo., March 13, 2025 /PRNewswire/ -- Century Casinos, Inc. (the "Company", "we", "us", or "our") (Nasdaq Capital Market®: CNTY) today announced its financial results for the three months and year ended December 31, 2024.
Fourth Quarter 2024 Results*
Compared to the three months ended December 31, 2023:
- Net operating revenue was $137.8 million, a decrease of (4%).
- Loss from operations was ($36.2) million, a change of (388%).
- Net loss attributable to Century Casinos, Inc. shareholders was ($64.9) million, a change of (500%), and basic net loss per share was ($2.11).
- Adjusted EBITDAR** was $21.1 million, a decrease of (17%).
2024 Results*
Compared to the year ended December 31, 2023:
- Net operating revenue was $575.9 million, an increase of 5%.
- Earnings from operations were $4.3 million, a decrease of (93%).
- Net loss attributable to Century Casinos, Inc. shareholders was ($128.2) million, a change of (355%), and basic net loss per share was ($4.19).
- Adjusted EBITDAR** was $102.7 million, a decrease of (10%).
"The highlight of the fourth quarter 2024 was the successful opening of the new land-based casino and hotel in Caruthersville, Missouri on November 1, 2024," Erwin Haitzmann and Peter Hoetzinger, Co-Chief Executive Officers of Century Casinos remarked. "We continue to see weak trends from retail and low-end customers, which we believe is due to macro-economics impacting consumer spending in our markets. However, with no construction or renovation disruptions and the opportunity to realize returns from our recent growth capital initiatives, we believe Adjusted EBITDAR and cash flow will improve in 2025 as compared to 2024," Messrs. Haitzmann and Hoetzinger concluded.
UPDATES
Nugget Goodwill Impairment – The Company impaired goodwill at its Nugget Casino Resort (the "Nugget") property based on estimated market conditions and performance, resulting in $43.7 million recorded to impairment – goodwill for the three months and year ended December 31, 2024. The impairment negatively impacted (loss) earnings from operations and net loss attributable to Century Casinos, Inc. shareholders for the three months and year ended December 31, 2024.
RESULTS
The consolidated results for the three months and years ended December 31, 2024 and 2023 are as follows:
| | | | | | | | | | | | | | | | | |
| | For the three months | | | For the year | | | ||||||||||
| Amounts in thousands, except per share | ended December 31, | | % | ended December 31, | | % | ||||||||||
| Consolidated Results: | | | 2024 | | | 2023 | | Change | | | 2024 | | | 2023 | | Change |
| Net Operating Revenue | | $ | 137,766 | | $ | 143,760 | | (4 %) | | $ | 575,919 | | $ | 550,206 | | 5 % |
| (Loss) Earnings from | | | (36,154) | | | 12,551 | | (388 %) | | | 4,316 | | | 64,046 | | (93 %) |
| Net Loss Attributable to | | $ | (64,894) | | $ | (10,821) | | (500 %) | | $ | (128,170) | | $ | (28,198) | | (355 %) |
| | | | | | | | | | | | | | | | | |
| Adjusted EBITDAR** | | $ | 21,078 | | $ | 25,358 | | (17 %) | | $ | 102,678 | | $ | 114,047 | | (10 %) |
| | | | | | | | | | | | | | | | | |
| Net Loss Per Share Attributable to Century Casinos, Inc. Shareholders: | ||||||||||||||||
| Basic | | $ | (2.11) | | $ | (0.36) | | (486 %) | | $ | (4.19) | | $ | (0.93) | | (351 %) |
| Diluted | | $ | (2.11) | | $ | (0.36) | | (486 %) | | $ | (4.19) | | $ | (0.93) | | (351 %) |
| | | | | | | | | | | | | | | | | |
RESULTS BY REPORTABLE SEGMENT*
The Company's net operating revenue decreased by ($6.0) million, or (4%), and increased by $25.7 million, or 5%, for the three months and year ended December 31, 2024 compared to the three months and year ended December 31, 2023. Following is a summary of the changes in net operating revenue by reportable segment for the three months and year ended December 31, 2024 compared to the three months and year ended December 31, 2023:
| | | | | | | | | | | | | | | | | | | | | | | |
| | | Net Operating Revenue | ||||||||||||||||||||
| | | For the three months | | | | | | | For the year | | | | | | ||||||||
| Amounts in | | ended December 31, | | | $ | | % | | ended December 31, | | | $ | | % | ||||||||
| thousands | | 2024 | | 2023 | | | Change | | Change | | 2024 | | 2023 | | | Change | | Change | ||||
| United States | | $ | 99,981 | | $ | 102,957 | | $ | (2,976) | | (3 %) | | $ | 419,668 | | $ | 380,591 | | $ | 39,077 | | 10 % |
| Canada | | | 17,894 | | | 19,187 | | | (1,293) | | (7 %) | | | 76,317 | | | 75,449 | | | 868 | | 1 % |
| Poland | | | 19,870 | | | 21,616 | | | (1,746) | | (8 %) | | | 79,900 | | | 94,105 | | | (14,205) | | (15 %) |
| Corporate and | | | 21 | | | — | | | 21 | | 100 % | | | 34 | | | 61 | | | (27) | | (44 %) |
| Consolidated | | $ | 137,766 | | $ | 143,760 | | $ | (5,994) | | (4 %) | | $ | 575,919 | | $ | 550,206 | | $ | 25,713 | | 5 % |
| | | | | | | | | | | | | | | | | | | | | | | |
The Company's earnings from operations decreased by ($48.7) million, or (388%), and by ($59.7) million, or (93%), for the three months and year ended December 31, 2024 compared to the three months and year ended December 31, 2023. Following is a summary of the changes in (loss) earnings from operations by reportable segment for the three months and year ended December 31, 2024 compared to the three months and year ended December 31, 2023:
| | | (Loss) Earnings from Operations | ||||||||||||||||||||
| | | For the three months | | | | | | | For the year | | | | | | ||||||||
| Amounts in | | ended December 31, | | | $ | | % | | ended December 31, | | $ | | % | |||||||||
| thousands | | 2024 | | 2023 | | | Change | | Change | | 2024 | | 2023 | | Change | | Change | |||||
| United States | | $ | (34,507) | | $ | 12,386 | | $ | (46,893) | | (379 %) | | $ | 6,257 | | $ | 63,998 | | $ | (57,741) | | (90 %) |
| Canada | | | 3,630 | | | 4,344 | | | (714) | | (16 %) | | | 15,832 | | | 15,074 | | | 758 | | 5 % |
| Poland | | | (2,310) | | | 413 | | | (2,723) | | (659 %) | | | (3,726) | | | 5,549 | | | (9,275) | | (167 %) |
| Corporate and | | | (2,967) | | | (4,592) | | | 1,625 | | 35 % | | | (14,047) | | | (20,575) | | | 6,528 | | 32 % |
| Consolidated | | $ | (36,154) | | $ | 12,551 | | $ | (48,705) | | (388 %) | | $ | 4,316 | | $ | 64,046 | | $ | (59,730) | | (93 %) |
(Loss) earnings from operations was impacted by the impairment of goodwill at the Nugget, resulting in $43.7 million of expense during the fourth quarter of 2024.
Net earnings attributable to Century Casinos, Inc. shareholders decreased by ($54.1) million, or (500%), and by ($100.0) million, or (355%), for the three months and year ended December 31, 2024 compared to the three months and year ended December 31, 2023. Following is a summary of the changes in net (loss) earnings attributable to Century Casinos, Inc. shareholders by reportable segment for the three months and year ended December 31, 2024 compared to the three months and year ended December 31, 2023:
| | | | | | | | | | | | | | | | | | | | | | | |
| | | Net (Loss) Earnings Attributable to Century Casinos, Inc. Shareholders | ||||||||||||||||||||
| | | For the three months | | | | | | | For the year | | | | | | ||||||||
| Amounts in | | ended December 31, | | | $ | | % | | ended December 31, | | | $ | | % | ||||||||
| thousands | | 2024 | | 2023 | | | Change | | Change | | 2024 | | 2023 | | | Change | | Change | ||||
| United States | | $ | (50,756) | | $ | 483 | | $ | (51,239) | | (10608 %) | | $ | (76,422) | | $ | 18,036 | | $ | (94,458) | | (524 %) |
| Canada | | | 117 | | | 6,087 | | | (5,970) | | (98 %) | | | 3,390 | | | 8,626 | | | (5,236) | | (61 %) |
| Poland | | | (1,194) | | | 385 | | | (1,579) | | (410 %) | | | (1,909) | | | 3,446 | | | (5,355) | | (155 %) |
| Corporate and Other | | | (13,061) | | | (17,776) | | | 4,715 | | 27 % | | | (53,229) | | | (58,306) | | | 5,077 | | 9 % |
| Consolidated | | $ | (64,894) | | $ | (10,821) | | $ | (54,073) | | (500 %) | | $ | (128,170) | | $ | (28,198) | | $ | (99,972) | | (355 %) |
| | | | | | | | | | | | | | | | | | | | | | | |
Items deducted from or added to (loss) earnings from operations to arrive at net (loss) earnings attributable to Century Casinos, Inc. shareholders include interest income, interest expense, gains (losses) on foreign currency transactions and other, income tax (benefit) expense, and non-controlling interests. Increased interest expense negatively impacted net loss (earnings) attributable to Century Casinos, Inc. shareholders. In 2024, interest expense increased primarily due to additional properties added to the Company's triple net master lease ("Master Lease") with subsidiaries of VICI Properties Inc. Net loss (earnings) attributable to Century Casinos, Inc. shareholders also was impacted by the recording of a valuation allowance on our net deferred tax assets related to the United States resulting in additional income tax expense and, as stated above, the impairment of goodwill at the Nugget during the fourth quarter of 2024.
Adjusted EBITDAR** decreased by ($4.3) million, or (17%), and by ($11.4) million, or (10%), for the three months and year ended December 31, 2024 compared to the three months and year ended December 31, 2023. Following is a summary of the changes in Adjusted EBITDAR** by reportable segment for the three months and year ended December 31, 2024 compared to the three months and year ended December 31, 2023:
| | | | | | | | | | | | | | | | | | | | | | | |
| | | Adjusted EBITDAR** | ||||||||||||||||||||
| | | For the three months | | | | | | | For the year | | | | | | ||||||||
| Amounts in | | ended December 31, | | $ | | % | | ended December 31, | | $ | | % | ||||||||||
| thousands | | 2024 | | 2023 | | Change | | Change | | 2024 | | 2023 | | Change | | Change | ||||||
| United States | | $ | 20,436 | | $ | 22,109 | | $ | (1,673) | | (8 %) | | $ | 93,791 | | $ | 98,190 | | $ | (4,399) | | (4 %) |
| Canada | | | 4,681 | | | 5,617 | | | (936) | | (17 %) | | | 20,162 | | | 20,003 | | | 159 | | 1 % |
| Poland | | | (603) | | | 952 | | | (1,555) | | (163 %) | | | 2,563 | | | 8,062 | | | (5,499) | | (68 %) |
| Corporate and Other | | | (3,436) | | | (3,320) | | | (116) | | (3 %) | | | (13,838) | | | (12,208) | | | (1,630) | | (13 %) |
| Consolidated | | $ | 21,078 | | $ | 25,358 | | $ | (4,280) | | (17 %) | | $ | 102,678 | | $ | 114,047 | | $ | (11,369) | | (10 %) |
| | | | | | | | | | | | | | | | | | | | | | | |
BALANCE SHEET AND LIQUIDITY
As of December 31, 2024, the Company had $98.8 million in cash and cash equivalents compared to $171.3 million in cash and cash equivalents at December 31, 2023. Cash and cash equivalents decreased primarily due to purchases of property and equipment of $59.2 million and tax payments of $12.2 million related to the September 2023 sale and leaseback of the Company's Canada properties. As of December 31, 2024, the Company had $339.6 million in outstanding debt compared to $346.8 million in outstanding debt at December 31, 2023. The outstanding debt as of December 31, 2024 included $336.9 million related to a term loan under the Company's credit agreement with Goldman Sachs Bank USA ("Goldman"), $1.4 million of bank debt related to Century Resorts Management GmbH ("CRM") and $1.3 million related to a revolving credit facility related to Casinos Poland ("CPL"). The Company also has a revolving line of credit with Goldman of up to $30.0 million. If the Company has aggregate outstanding revolving loans, swingline loans and letters of credit greater than $10.5 million under the credit agreement with Goldman as of the last day of any fiscal quarter, it is required to maintain a Consolidated First Lien Net Leverage Ratio of 5.50 to 1.00 or less for such fiscal quarter. As of December 31, 2024, the Consolidated First Lien Net Leverage Ratio exceeded 5.50 to 1.00, but the Company had no outstanding revolving loans, swingline loans or letters of credit under the credit agreement with Goldman. The Company also has a $701.0 million long-term financing obligation under the Master Lease.
CONFERENCE CALL INFORMATION
Today the Company will post a copy of its Annual Report on Form 10-K filed with the SEC for the year ended December 31, 2024 on its website at www.cnty.com/investor/financials/sec-filings/.
The Company will host its fourth quarter 2024 earnings conference call today, Thursday, March 13, 2025 at 8:00 am MDT. U.S. domestic participants should dial 1-888-999-5318. For all international participants, please use 848-280-6460 to dial-in. The conference ID is 'Casinos'. Participants may listen to the call live at https://app.webinar.net/8L4ERZvR0xq or obtain a recording of the call on the Company's website until March 31, 2025 at www.cnty.com/investor/financials/sec-filings/.
| * | Amounts presented are rounded. As such, rounding differences could occur in period over period changes and percentages reported. |
| ** | Adjusted EBITDAR is a Non-US GAAP financial measure. See discussion and reconciliation of Non-US GAAP financial measures in Supplemental Information below. |
CENTURY CASINOS, INC. AND SUBSIDIARIES
UNAUDITED FINANCIAL INFORMATION – US GAAP BASIS
| Condensed Consolidated Statements of Loss | ||||||||||||
| | | | | | | | | | | | | |
| | For the three months | For the year | ||||||||||
| | ended December 31, | ended December 31, | ||||||||||
| Amounts in thousands, except for per share information | | 2024 | | 2023 | | 2024 | | 2023 | ||||
| Operating revenue: | | | | | | | | | | | | |
| Net operating revenue | | $ | 137,766 | | $ | 143,760 | | $ | 575,919 | | $ | 550,206 |
| Operating costs and expenses: | | | | | | | | | | | | |
| Total operating costs and expenses | | | 173,920 | | | 131,209 | | | 571,603 | | | 487,281 |
| Earnings from equity investment | | | — | | | — | | | — | | | 1,121 |
| (Loss) earnings from operations | | | (36,154) | | | 12,551 | | | 4,316 | | | 64,046 |
| Non-operating (expense) income, net | | | (25,125) | | | (24,963) | | | (97,728) | | | (87,878) |
| Loss before income taxes | | | (61,279) | | | (12,412) | | | (93,412) | | | (23,832) |
| Income tax (expense) benefit | | | (2,374) | | | 3,994 | | | (27,673) | | | 5,343 |
| Net loss | | | (63,653) | | | (8,418) | | | (121,085) | | | (18,489) |
| Net earnings attributable to non-controlling interests | | | (1,241) | | | (2,403) | | | (7,085) | | | (9,709) |
| Net loss attributable to Century Casinos, Inc. | | $ | (64,894) | | $ | (10,821) | | $ | (128,170) | | $ | (28,198) |
| | | | | | | | | | | | | |
| Net loss per share attributable to Century Casinos, Inc. shareholders: | ||||||||||||
| Basic | | $ | (2.11) | | $ | (0.36) | | $ | (4.19) | | $ | (0.93) |
| Diluted | | $ | (2.11) | | $ | (0.36) | | $ | (4.19) | | $ | (0.93) |
| | | | | | | | | | | | | |
| Weighted average common shares | | | | | | | | | | | | |
| Basic | | | 30,683 | | | 30,360 | | | 30,617 | | | 30,274 |
| Diluted | | | 30,683 | | | 30,360 | | | 30,617 | | | 30,274 |
| | | | | | | | | | | | | |
| Condensed Consolidated Balance Sheets | | | | | | |
| | | December 31, | | December 31, | ||
| Amounts in thousands | | 2024 | | 2023 | ||
| Assets | | | | | | |
| Current assets | | $ | 135,549 | | $ | 207,017 |
| Property and equipment, net | | | 922,146 | | | 913,561 |
| Other assets | | | 168,617 | | | 239,084 |
| Total assets | | $ | 1,226,312 | | $ | 1,359,662 |
| | | | | | | |
| Liabilities and Equity | | | | | | |
| Current liabilities | | $ | 86,044 | | $ | 93,619 |
| Non-current liabilities | | | 1,058,264 | | | 1,051,602 |
| Century Casinos, Inc. shareholders' equity | | | (9,300) | | | 121,392 |
| Non-controlling interests | | | 91,304 | | | 93,049 |
| Total liabilities and equity | | $ | 1,226,312 | | $ | 1,359,662 |
CENTURY CASINOS, INC. AND SUBSIDIARIES
UNAUDITED SUPPLEMENTAL INFORMATION
| Reconciliation of Adjusted EBITDAR** to Net (Loss) Earnings Attributable to Century Casinos, Inc. Shareholders by Reportable Segment. | |||||||||||||||
| | | | | | | | | | | | | | | | |
| | For the three months ended December 31, 2024 | ||||||||||||||
| Amounts in thousands | | | United | | | Canada | | | Poland | | | Corporate | | | Total |
| Net (loss) earnings attributable to Century | | $ | (50,756) | | $ | 117 | | $ | (1,194) | | $ | (13,061) | | $ | (64,894) |
| Interest expense (income), net (1) | | | 12,406 | | | 3,243 | | | 29 | | | 9,729 | | | 25,407 |
| Income tax expense (benefit) | | | 2,073 | | | 306 | | | (380) | | | 375 | | | 2,374 |
| Depreciation and amortization | | | 11,222 | | | 1,053 | | | 349 | | | 29 | | | 12,653 |
| Net earnings (loss) attributable to non- | | | 1,770 | | | 68 | | | (597) | | | — | | | 1,241 |
| Non-cash stock-based compensation | | | — | | | — | | | — | | | (500) | | | (500) |
| Gain on foreign currency transactions, | | | — | | | (106) | | | (168) | | | (8) | | | (282) |
| Impairment - goodwill (2) | | | 43,716 | | | — | | | — | | | — | | | 43,716 |
| Loss on disposition of fixed assets | | | 5 | | | — | | | 586 | | | — | | | 591 |
| Pre-opening and termination expenses | | | — | | | — | | | 772 | | | — | | | 772 |
| Adjusted EBITDAR | | $ | 20,436 | | $ | 4,681 | | $ | (603) | | $ | (3,436) | | $ | 21,078 |
| | |
| (1) | See "Reconciliation of Interest Expense (Income), Net" below for a breakdown of interest expense and "Cash Rent Payments" below for more information on the rent payments related to the Master Lease. |
| (2) | Related to impairment of goodwill at the Nugget. |
| | | | | | | | | | | | | | | | |
| | For the three months ended December 31, 2023 | ||||||||||||||
| Amounts in thousands | | | United | | | Canada | | | Poland | | | Corporate | | | Total |
| Net earnings (loss) attributable to Century | | $ | 483 | | $ | 6,087 | | $ | 385 | | $ | (17,776) | | $ | (10,821) |
| Interest expense (income), net (1) | | | 11,653 | | | 1,747 | | | (60) | | | 11,369 | | | 24,709 |
| Income tax (benefit) expense | | | (1,471) | | | (3,962) | | | 135 | | | 1,304 | | | (3,994) |
| Depreciation and amortization | | | 9,675 | | | 1,214 | | | 534 | | | 57 | | | 11,480 |
| Net earnings attributable to non- | | | 1,721 | | | 491 | | | 192 | | | — | | | 2,404 |
| Non-cash stock-based compensation | | | — | | | — | | | — | | | 864 | | | 864 |
| Loss (gain) on foreign currency | | | 1 | | | 35 | | | (239) | | | 444 | | | 241 |
| Loss on disposition of fixed assets | | | 47 | | | 5 | | | 5 | | | 108 | | | 165 |
| Acquisition costs | | | — | | | — | | | — | | | 310 | | | 310 |
| Adjusted EBITDAR | | $ | 22,109 | | $ | 5,617 | | $ | 952 | | $ | (3,320) | | $ | 25,358 |
| | | | | | | | | | | | | | | | |
| | |
| (1) | See "Reconciliation of Interest Expense (Income), Net" below for a breakdown of interest expense and "Cash Rent Payments" below for more information on the rent payments related to the Master Lease. |
CENTURY CASINOS, INC. AND SUBSIDIARIES
UNAUDITED SUPPLEMENTAL INFORMATION
| Reconciliation of Adjusted EBITDAR** to Net (Loss) Earnings Attributable to Century Casinos, Inc. Shareholders by Reportable Segment. | |||||||||||||||
| | | | | | | | | | | | | | | | |
| | For the year ended December 31, 2024 | ||||||||||||||
| Amounts in thousands | | | United | | | Canada | | | Poland | | | Corporate | | | Total |
| Net (loss) earnings attributable to Century | | $ | (76,422) | | $ | 3,390 | | $ | (1,909) | | $ | (53,229) | | $ | (128,170) |
| Interest expense (income), net (1) | | | 47,566 | | | 12,544 | | | (41) | | | 40,654 | | | 100,723 |
| Income tax expense (benefit) | | | 28,016 | | | 1,010 | | | (237) | | | (1,116) | | | 27,673 |
| Depreciation and amortization | | | 43,254 | | | 4,368 | | | 1,811 | | | 162 | | | 49,595 |
| Net earnings (loss) attributable to non- | | | 7,097 | | | 943 | | | (955) | | | — | | | 7,085 |
| Non-cash stock-based compensation | | | — | | | — | | | — | | | 66 | | | 66 |
| Loss (gain) on foreign currency | | | 24 | | | (2,057) | | | (584) | | | (356) | | | (2,973) |
| Impairment - goodwill (3) | | | 43,716 | | | — | | | — | | | — | | | 43,716 |
| Loss (gain) on disposition of fixed assets | | | 540 | | | (36) | | | 953 | | | — | | | 1,457 |
| Acquisition costs | | | — | | | — | | | — | | | (19) | | | (19) |
| Pre-opening and termination expenses | | | — | | | — | | | 3,525 | | | — | | | 3,525 |
| Adjusted EBITDAR | | $ | 93,791 | | $ | 20,162 | | $ | 2,563 | | $ | (13,838) | | $ | 102,678 |
| | |
| (1) | See "Summary of Interest Expense (Income), Net" below for a breakdown of interest expense (income), net and "Cash Rent Payments" below for more information on the rent payments related to the Master Lease. |
| (2) | Included in the Canada segment is $1.1 million related to cost recovery income for CDR. |
| (3) | Related to goodwill impairment at the Nugget. |
| | | | | | | | | | | | | | | | |
| | For the year ended December 31, 2023 | ||||||||||||||
| Amounts in thousands | | | United | | | Canada | | | Poland | | | Corporate | | | Total |
| Net earnings (loss) attributable to Century | | $ | 18,036 | | $ | 8,626 | | $ | 3,446 | | $ | (58,306) | | $ | (28,198) |
| Interest expense (income), net (1) | | | 38,024 | | | 11,527 | | | (345) | | | 42,605 | | | 91,811 |
| Income tax expense (benefit) | | | 2,654 | | | (4,256) | | | 1,534 | | | (5,275) | | | (5,343) |
| Depreciation and amortization | | | 33,739 | | | 4,590 | | | 2,482 | | | 232 | | | 41,043 |
| Net earnings attributable to non- | | | 5,284 | | | 2,701 | | | 1,724 | | | — | | | 9,709 |
| Non-cash stock-based compensation | | | — | | | — | | | — | | | 3,610 | | | 3,610 |
| (Gain) loss on foreign currency | | | (84) | | | (3,195) | | | (810) | | | 401 | | | (3,688) |
| Loss on disposition of fixed assets | | | 537 | | | 10 | | | 31 | | | 113 | | | 691 |
| Acquisition costs | | | — | | | — | | | — | | | 4,412 | | | 4,412 |
| Adjusted EBITDAR | | $ | 98,190 | | $ | 20,003 | | $ | 8,062 | | $ | (12,208) | | $ | 114,047 |
| | | | | | | | | | | | | | | | |
| | |
| (1) | See "Reconciliation of Interest Expense (Income), Net" below for a breakdown of interest expense and "Cash Rent Payments" below for more information on the rent payments related to the Master Lease. |
| (2) | Included in the Canada segment is $1.7 million gain related to the earn out payment from the sale of casino operations in Calgary in 2020 and $3.5 million cost recovery income for CDR. |
CENTURY CASINOS, INC. AND SUBSIDIARIES
UNAUDITED SUPPLEMENTAL INFORMATION
| Adjusted EBITDAR Margins *** | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | For the three months | | | For the year | ||||||
| | | | | ended December 31, | | | ended December 31, | ||||||
| | | | | 2024 | | | 2023 | | | 2024 | | | 2023 |
| United States | Net Operating Revenue | | $ | 99,981 | | $ | 102,957 | | $ | 419,668 | | $ | 380,591 |
| | Net Earnings (Loss) Margin | | | (51 %) | | | 1 % | | | (18 %) | | | 5 % |
| | Adjusted EBITDAR Margin | | | 20 % | | | 22 % | | | 22 % | | | 26 % |
| | | | | | | | | | | | | | |
| Canada | Net Operating Revenue | | $ | 17,894 | | $ | 19,187 | | $ | 76,317 | | $ | 75,449 |
| | Net Earnings (Loss) Margin | | | 1 % | | | 32 % | | | 4 % | | | 11 % |
| | Adjusted EBITDAR Margin | | | 26 % | | | 29 % | | | 26 % | | | 27 % |
| | | | | | | | | | | | | | |
| Poland | Net Operating Revenue | | $ | 19,870 | | $ | 21,616 | | $ | 79,900 | | $ | 94,105 |
| | Net Earnings (Loss) Margin | | | (6 %) | | | 2 % | | | (2 %) | | | 4 % |
| | Adjusted EBITDAR Margin | | | (3 %) | | | 4 % | | | 3 % | | | 9 % |
| | | | | | | | | | | | | | |
| Corporate and Other | Net Operating Revenue | | $ | 21 | | $ | — | | $ | 34 | | $ | 61 |
| | Net Earnings (Loss) Margin | | | NM (1) | | | NM | | | NM | | | NM |
| | Adjusted EBITDAR Margin | | | NM | | | NM | | | NM | | | NM |
| | | | | | | | | | | | | | |
| Consolidated | Net Operating Revenue | | $ | 137,766 | | $ Für dich aus unserer Redaktion zusammengestelltDein Kommentar zum Artikel im Forum Jetzt anmelden und diskutieren
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