Century Casinos Inc - CNTY STOCK NEWS

Century Casinos, Inc. (Nasdaq: CNTY) announced the sale of its Calgary property to Rowanwood Financial Properties Ltd. for CAD 8.1 million ($6.5 million). The buyer paid CAD 0.7 million upfront, with the remaining CAD 7.4 million due at closing. The transaction is expected to finalize within 30 days. Previously, the casino operations on the property were sold in December 2020, but Century Sports will cease once the sale is complete. This strategic move is aimed at optimizing the company's asset portfolio.

Century Casinos, Inc. (CNTY) reported a strong financial performance for Q3 2021, with net operating revenue of $116.6 million, a 22% increase year-over-year. Earnings from operations surged by 71% to $25.7 million, while net earnings attributable to shareholders rose by an impressive 200% to $11.2 million. Adjusted EBITDA reached $33.1 million, up 49%. The company is planning significant expansions, including a $68.3 million relocation to a land-based casino in Missouri, set to open in early 2024. As of September 30, 2021, CNTY boasts over $100 million in cash and minimal debt maturities until 2026.

Century Casinos, Inc. (CNTY) will release its Q3 2021 earnings on November 5, 2021. A conference call is scheduled for 8:00 a.m. MDT, where stakeholders can dial in 15 minutes early for updates. The company operates multiple casinos across the US and Canada, and is actively pursuing new projects. Forward-looking statements may be included in the earnings report, with potential risks outlined in previous SEC filings. For more details, visit their investor relations website.

Century Casinos, Inc. (CNTY) reported second-quarter 2021 financial results, showing a 155% increase in net operating revenue to $92.2 million compared to Q2 2020. Earnings from operations surged 957% to $18.1 million, and net earnings attributable to shareholders rose 154% to $6.9 million. Adjusted EBITDA reached a record $25.2 million, a remarkable increase of 1532%. The company's properties have reopened fully post-COVID-19, contributing to these strong results. As of June 30, 2021, Century Casinos held $80.2 million in cash with no substantial debt due before 2026.

Century Casinos, Inc. (Nasdaq: CNTY) will release its Q2 2021 earnings on August 6, 2021. A conference call will follow at 8:00 a.m. MDT for participants to discuss the results. Investors can join the call by dialing in 15 minutes early. The company owns and operates multiple casinos across the U.S., Canada, and Poland. Notable risks include the ongoing impact of the COVID-19 pandemic on operations. More details are available on their website.

Century Casinos, Inc. (CNTY) announced significant developments for its Caruthersville casino in Missouri. A legislative change allows the facility to operate as a standard building rather than a floating casino, opening opportunities for expansion. The company acquired additional land to enhance access and plans to refurbish an existing hotel to reopen with 36 rooms by early 2022. The Missouri casino licenses remain capped at 13, and Century's Missouri locations accounted for 43% of net operating revenue and 104% of Adjusted EBITDA in Q1 2021, indicating strong financial performance.

Century Casinos (Nasdaq: CNTY) announced the reopening of its casinos in Alberta, Canada on June 10, 2021, after being closed since December 13, 2020 due to COVID-19 restrictions. The reopened venues include Century Casino & Hotel Edmonton, Century Casino St. Albert, Century Mile Racetrack and Casino, and Century Downs Racetrack and Casino. Enhanced health protocols and social distancing measures are in place. The company cautions that future closures may occur, depending on government regulations. Its US and Polish casinos remain open.

Century Casinos, Inc. (CNTY) has announced the reopening of its eight casinos in Poland as of May 28, 2021. These establishments were closed on March 19, 2021, due to a COVID-19 quarantine imposed by the Polish government. The reopening will follow health and safety protocols, although future closures remain a possibility. The company's US casinos are operational, while its Canadian venues are still closed. This step marks a significant move towards restoring normal operations for Century Casinos in Poland.

Century Casinos, Inc. (Nasdaq: CNTY) announced the extension of closures for its Polish casinos until June 6, 2021, due to ongoing government-imposed quarantines amid the COVID-19 pandemic. Initially expected to reopen on May 8, 2021, the decision reflects the evolving nature of the pandemic and its adverse effects on the company, likely impacting operations into the first half of 2021. The company operates multiple casinos across North America, Europe, and holds interests in various gaming operations.