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Century Casinos Announces Appointment to Top Leadership Role at the Nugget

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Century Casinos (NASDAQ: CNTY) has appointed Eric Rose as Senior Vice President and General Manager of the Nugget Casino Resort in Sparks, Nevada. Rose, a 32-year veteran in gaming and hospitality, succeeds the previous general manager who has left the company. This appointment comes after a challenging first half of the year at the Nugget with lower-than-expected revenue.

The Nugget has undergone right-sizing and cost-cutting initiatives, along with property upgrades including new slot machines, a high-limit room, restaurant refreshes, and exterior improvements. Century Casinos' Co-CEOs believe these changes, combined with Rose's leadership, will set the Nugget up for future success.

Century Casinos (NASDAQ: CNTY) ha nominato Eric Rose come Senior Vice President e Direttore Generale del Nugget Casino Resort a Sparks, Nevada. Rose, con 32 anni di esperienza nel settore del gioco e dell'ospitalità, succede al precedente direttore generale che ha lasciato l'azienda. Questa nomina arriva dopo un primo semestre dell'anno difficile per il Nugget, con ricavi inferiori alle aspettative.

Il Nugget ha attuato iniziative di razionalizzazione e riduzione dei costi, insieme a miglioramenti della proprietà, compresi nuovi apparecchi da gioco, una sala ad alta limitazione, aggiornamenti dei ristoranti e miglioramenti esterni. I Co-CEOs di Century Casinos credono che questi cambiamenti, uniti alla leadership di Rose, prepareranno il Nugget per un futuro di successi.

Century Casinos (NASDAQ: CNTY) ha nombrado a Eric Rose como Vicepresidente Senior y Gerente General del Nugget Casino Resort en Sparks, Nevada. Rose, con 32 años de experiencia en el juego y la hospitalidad, sucede al anterior gerente general que dejó la empresa. Este nombramiento se produce tras un difícil primer semestre del año para el Nugget, con ingresos inferiores a lo esperado.

El Nugget ha implementado iniciativas de ajuste y reducción de costos, además de mejoras en la propiedad, incluyendo nuevas máquinas tragamonedas, una sala de alto límite, renovaciones de restaurantes y mejoras exteriores. Los Co-CEOs de Century Casinos creen que estos cambios, combinados con el liderazgo de Rose, prepararán al Nugget para el éxito futuro.

센추리 카지노 (NASDAQ: CNTY)는 에릭 로즈를 네바다주 스파크스의 너겟 카지노 리조트의 수석 부사장 겸 총지배인으로 임명했습니다. 로즈는 게임 및 접객업에서 32년의 경력을 가진 인물로, 회사를 떠난 이전 총지배인을 이어받게 됩니다. 이번 임명은 올해 상반기 어려운 시기 이후 이루어졌으며, 너겟은 예상보다 낮은 수익을 기록했습니다.

너겟은 규모 조정 및 비용 절감 이니셔티브와 함께 새로운 슬롯 머신, 고위험 공간, 레스토랑 리모델링 및 외부 개선을 포함한 시설 개선 작업을 진행했습니다. 센추리 카지노의 공동 CEO들은 이러한 변화가 로즈의 리더십과 결합되어 너겟의 미래 성공을 기반이 될 것이라고 믿고 있습니다.

Century Casinos (NASDAQ: CNTY) a nommé Eric Rose au poste de Vice-Président Senior et Directeur Général du Nugget Casino Resort à Sparks, Nevada. Rose, fort de 32 ans d'expérience dans le secteur du jeu et de l'hôtellerie, succède à l'ancien directeur général qui a quitté l'entreprise. Cette nomination intervient après un premier semestre difficile de l'année pour le Nugget, avec des revenus inférieurs aux attentes.

Le Nugget a entrepris des initiatives de restructuration et de réduction des coûts, en parallèle d'améliorations de la propriété, y compris de nouvelles machines à sous, une salle à haute limite, des rénovations de restaurants et des améliorations extérieures. Les Co-CEOs de Century Casinos estiment que ces changements, associés au leadership de Rose, prépareront le Nugget à un succès futur.

Century Casinos (NASDAQ: CNTY) hat Eric Rose zum Senior Vice President und General Manager des Nugget Casino Resort in Sparks, Nevada, ernannt. Rose, der 32 Jahre Erfahrung in der Glücksspiel- und Gastgewerbebranche hat, tritt die Nachfolge des vorherigen Geschäftsführers an, der das Unternehmen verlassen hat. Diese Ernennung erfolgt nach einem herausfordernden ersten Halbjahr für das Nugget mit geringeren Einnahmen als erwartet.

Das Nugget hat Maßnahmen zur Anpassung und Kostensenkung sowie Transparenz in der Verwaltung durch neue Spielautomaten, einen Hochlimit-Raum, Auffrischungen für die Restaurants und Verbesserungen an der Außenansicht umgesetzt. Die Co-CEOs von Century Casinos glauben, dass diese Veränderungen in Kombination mit Roses Führung das Nugget für zukünftigen Erfolg vorbereiten werden.

Positive
  • Appointment of experienced industry veteran Eric Rose to lead Nugget Casino Resort
  • Implementation of cost-cutting initiatives at the Nugget
  • Investments in property upgrades including 120 new slot machines and a high-limit room
  • Refreshes of two restaurants and exterior improvements to enhance property appeal
Negative
  • Lower-than-expected revenue at Nugget Casino Resort in the first half of the year
  • Departure of previous general manager, indicating potential management issues

COLORADO SPRINGS, Colo., July 30, 2024 /PRNewswire/ -- Century Casinos, Inc. (the "Company" or "Century Casinos") (Nasdaq Capital Market®: CNTY) announced today that Eric Rose, a long-term regional Vice President and General Manager of the Company, will take over the top leadership role at the Nugget Casino Resort ("Nugget").

Eric Rose has been appointed Senior Vice President and General Manager of the Nugget, succeeding the previous general manager who is no longer with the Company.

Rose is a 32-year veteran in gaming and hospitality and previously served as Vice President of Operations in Colorado and General Manager of Century Casino Cripple Creek, Colorado. Rose's career began in Stateline, Nevada, and has included leadership roles in food and beverage, marketing, and as General Manager in both Nevada and Colorado. Rose also played a pivotal role in the Company's acquisition of three properties from Caesars Entertainment in 2019. Throughout his career, Rose has proven himself as a leader dedicated to evolving outstanding hospitality paired with exceptional financial discipline in highly competitive casino markets. He has an established track record, unparalleled consistency, and deep knowledge of the hospitality and gaming industries.

"We encountered a challenging first half of the year at the Nugget with lower-than-expected revenue," Erwin Haitzmann and Peter Hoetzinger, Co-Chief Executive Officers of Century Casinos, remarked. "The Nugget has undergone right-sizing and cost-cutting initiatives. The property has also been further upgraded with investments in more than 120 new slot machines, a high-limit room, refreshes of two restaurants, a repaint of the exterior, exterior and interior signage and display packages. With the appointment of Eric Rose to the top leadership role, we are finalizing the transition, setting the Nugget up for future success," they concluded.

Nugget Casino Resort is located in Sparks, Nevada, conveniently located on Interstate 80, with easy access from Reno-Tahoe International Airport (approximately three miles). The full-service resort includes a large gaming floor, two hotel towers, 114,500 square feet of convention space, an 8,555-seat outdoor amphitheater, a wide-variety of casual and fine dining options in addition to several on-site bars and lounges, and a five-story 1,200 space parking garage and additional 1,272 parking spaces. The property comprises 71,200 square feet of casino space, 929 slot machines, 25 table games, 1,382 hotel rooms, and five dining venues.

About Century Casinos, Inc.:
Century Casinos, Inc. is a casino entertainment company. In the United States the Company operates the following operating segments: (i) in the East, the Mountaineer Casino, Resort & Races in New Cumberland, West Virginia and Rocky Gap Casino, Resort & Golf in Flintstone, Maryland; (ii) in the Midwest, the Century Casinos & Hotels Cape Girardeau and Caruthersville in Missouri, and Century Casinos & Hotels in Cripple Creek and Central City, Colorado; and (iii) in the West, the Nugget Casino Resort, in Reno/Sparks, Nevada. In Alberta, Canada the Company operates Century Casino & Hotel in Edmonton, the Century Casino in St. Albert, Century Mile Racetrack and Casino in Edmonton and Century Downs Racetrack and Casino in Calgary. In Poland, the Company operates six casinos through its subsidiary Casinos Poland Ltd. The Company continues to pursue other projects in various stages of development.

Century Casinos' common stock trades on The Nasdaq Capital Market® under the symbol CNTY. For more information about Century Casinos, visit our website at www.cnty.com.

This release and the presentation referenced therein may contain certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These statements are based on the beliefs and assumptions of the management of Century Casinos based on information currently available to management. Such forward-looking statements include, but are not limited to, statements regarding prospects for the Nugget Casino Resort, the Company's timing and costs of new projects, projects in development and other opportunities. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially from forward-looking statements include, among others, risks described in the section entitled "Risk Factors" under Item 1A in the Company's Annual Report on Form 10-K for the year ended December 31, 2023 and in subsequent periodic and current SEC filings the Company may make. Century Casinos disclaims any obligation to revise or update any forward-looking statement that may be made from time to time by it or on its behalf.

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SOURCE Century Casinos, Inc.

FAQ

Who has been appointed as the new Senior Vice President and General Manager of Nugget Casino Resort?

Eric Rose, a long-term regional Vice President and General Manager of Century Casinos, has been appointed as the new Senior Vice President and General Manager of Nugget Casino Resort.

What challenges did Century Casinos (CNTY) face with the Nugget Casino Resort in 2024?

Century Casinos faced a challenging first half of the year at the Nugget Casino Resort with lower-than-expected revenue in 2024.

What improvements has Century Casinos made to the Nugget Casino Resort?

Century Casinos has invested in over 120 new slot machines, added a high-limit room, refreshed two restaurants, repainted the exterior, and upgraded exterior and interior signage and display packages at the Nugget Casino Resort.

How large is the Nugget Casino Resort operated by Century Casinos (CNTY)?

The Nugget Casino Resort comprises 71,200 square feet of casino space, 929 slot machines, 25 table games, 1,382 hotel rooms, and five dining venues.

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