Century Casinos revenue decreases in Q3
Net operating revenue was $153.7m, down 1 per cent year-over-year.
US.- Century Casinos has announced its financial results for the three months ended September 30. Net operating revenue was $153.7m, a decrease of 1 per cent compared to the same period in 2024. Earnings from operations totalled $17.1m, down 4 per cent, in Q3.
The net loss was $10.5m and adjusted EBITDAR $31.1m, down 6 per cent.
Erwin Haitzmann and Peter Hoetzinger, co-chief executive officers of Century Casinos, said: “We are pleased with the growth in the East and Midwest regions of the United States. At the Nugget in the West region, we continue to focus on increasing local play and enhancing our concert and conference line up to improve results. Poland suffered from one-time costs associated with closing the Hilton Hotel casino.
“Excluding Poland, third quarter adjusted EBITDAR would have increased year over year. We look forward to opening the new Wroclaw casino early next year and for results to improve in Poland with no licensing disruptions for the next three years.”
In May, Century Casinos announced that its subsidiary, Century Casino Cape Girardeau, had entered into a long-term agreement with BetMGM to bring the operator’s sports betting platform to the Missouri market.
