Century Casinos reports Q2 revenue of $36m
Century Casinos reported Q2 revenue of $36m, a year-on-year decrease of 31%.
The Colorado-based company saw $2.1m loss of operations, a drop of 181% compared to $2.6m earnings for the same quarter last year.
Adjusted EBITDA was -$1.8m, down 126%.
Net loss attributable to shareholders was -$12.6m, a decrease of 2,131%.
The company’s Poland casino was the first to reopen from the coronavirus pandemic shutdowns on 18 May. US casinos reopened between 1 June to 17 June.
Century Casinos said it will sell its Calgary property for $7.5m.
The company’s US casinos fared better than their Polish or Canadian counterparts, bringing in quarterly net operating revenue of $24m. Poland operations earned $7m for Q2 while Canada produced $5m.
Century Casinos reported preliminary July net operating revenue of $30m compared to $18m last July.
“We are excited by the enthusiasm our customers have shown in visiting our reopened casinos. We are pleased that our operations have been able to achieve cash positive positions so soon after reopening,” said Erwin Haitzmann and Peter Hoetzinger, Co-Chief Executive Officers of Century Casinos.
Tags/Keywords
Players trust our reporting due to our commitment to unbiased and professional evaluations of the iGaming sector. We track hundreds of platforms and industry updates daily to ensure our news feed and leaderboards reflect the most recent market shifts. With nearly two decades of experience within iGaming, our team provides a wealth of expert knowledge. This long-standing expertise enables us to deliver thorough, reliable news and guidance to our readers.
Latest News
