Century Casinos generates $143.8m in Q4 net operating revenue

March 14, 2024
Leer en Español

The total fell within the previously estimated range.

Century Casinos has released its fourth quarter and end-of-year financial results for 2023. The operator posted $143.8m in net operating revenue for the fourth quarter, reflecting a 39% boost year-over-year.

Net operating revenue fell within the range the company had predicted when it released its preliminary results. Century estimated that the quarter yielded between $140m and $145m in net operating revenue during the quarter.

Fourth-quarter earnings from operations reached $12.6m.

Century reported a Q4 net loss of $10.8m. Its EBITDAR rose by 17% to reach $25.4m.

For the fiscal year, Century Casinos brought in $550.2m in net operating revenue, up 28% when compared to results from the previous year.

Earnings from operations reached $64m for the year. The company posted a net loss for 2023 that totaled $28.2m.

Adjusted EBITDAR for 2023 rose by 10% to $114m.

Company Co-CEOs Erwin Haitzmann and Peter Hoetzinger took a moment to discuss the company’s latest results by saying, “2023 was a transitional year for Century. We completed two major acquisitions to expand our US portfolio to seven casinos.

“We continued our large construction projects in Missouri, which remain on time and on budget to open in early April for the Cape Girardeau hotel and late 2024 for the Caruthersville casino and hotel."

They also shared the company’s goals going into 2025.

Haitzmann and Hoetzinger said in closing, “We are excited to look forward to 2025, when our newly acquired casinos are fully integrated into the company and to what we anticipate will be our first year since 2022 with no significant construction or renovation disruptions at our properties.”


Product Spotlight


Things get unruly in the company of some fleecy characters in the new Konami Gaming’s new Unwooly Riches slot series.

John Connelly - Interblock preparing to launch online by the end of year

John Connelly, the Global CEO of Interblock, joins the Huddle to talk about:
- The company's conversion to the online space
- The performance of ETGs
- Interblock's new philanthropic efforts
- The trend of companies going private
- And more!

Michael Hershman - Dispelling casino 'myths:' New York needs to lose fear of the unknown

Michael Hershman, CEO of the Soloviev Group, joins Tim Poole on the Huddle to put forward his case that the Freedom Plaza is the way to go for one of New York's casino licences. He fields a variety of questions - not shying away from any of them - on why 'myths' about casinos and a fear of the unknown should be dispelled, as well as acknowledging the strength of rival bids and discussing opposition to the project.

Five years ago, before the mass proliferation of social media we see today – and even before the Covid-19 pandemic – I think you would be hard pressed to find a CEO talking about “Instagrammable moments.” KPIs w...

The Global Gaming Awards: Looking ahead to 2024's ceremonies.
After more than a decade of celebrating gaming's best, Gaming America looks ahead to a bright 2024 for the Global Gaming Awards in the Americas and Asia-Pacific.
From the top: The Indian Gaming Tradeshow & Convention
Tribal gaming is a uniquely American institution and all its uncommon attributes were on display this April at the Indian Gaming Tradeshow & Convention in Anaheim, California.
Review: Terre Haute Casino Resort and Harrah's Hoosier Park Racing & Casino
Terre Haute Casino Resort vs. Harrah's Hoosier Park Racing & Casino, Gaming America's Laura Mack reviews each property.
Eureka Casino interview: CEO Andre Carrier on resort expansion
We spoke with returning guest, CEO Andre Carrier, about Eureka Casino Resort's expansion. He aims to not only change the look and feel of the casino, but to also build residential housing around it.