Century Casinos Inc - CNTY STOCK NEWS

Century Casinos, Inc. (Nasdaq: CNTY) will report its first-quarter 2021 earnings on May 7, 2021. A conference call is scheduled for 8:00 am MST that day, with participants advised to join 15 minutes early. Domestic participants can call +1 844-244-9160, while international callers should dial +1 330-931-4670. The company operates casinos and entertainment venues across the US and Canada and has a significant presence in Poland. More details can be found on their website.

Century Casinos, Inc. (CNTY) has successfully launched online casino platforms in West Virginia through partnerships with Rush Street Interactive and William Hill. This follows the West Virginia Lottery's approval, with BetRivers.com going live on April 12 and William Hill Casino on April 13. Each of the state's five casinos can offer online gaming, with Century's Mountaineer Casino holding licenses for three iGaming skins. Revenue sharing agreements will benefit Mountaineer Casino through net gaming revenue and a one-time fee.

Century Casinos (CNTY) announced the temporary closure of its Polish casinos from March 19 to April 9, 2021, due to government-imposed quarantines related to COVID-19. This Polish segment accounted for 1% of the Company's Adjusted EBITDA in 2020. The ongoing pandemic is expected to adversely impact the Company through at least the first half of 2021.

Century Casinos, Inc. (CNTY) reported a strong financial performance for Q4 2020, with net operating revenue of $84.8 million, up 26% year-over-year and earnings from operations soaring by 227% to $18.7 million. The company posted net earnings attributable to shareholders of $6.7 million, a 133% increase. For the full year, revenue was $304.3 million, a 39% rise, although a net loss of $48 million was recorded, worsening by 151%. The results reflect challenges from COVID-19 closures, which impacted revenue by ~$91.3 million. The company remains cautious about 2021 due to ongoing pandemic uncertainties.

Century Casinos, Inc. (Nasdaq: CNTY) will release its fourth quarter and year-end 2020 earnings on March 12, 2021. The earnings conference call is scheduled for 8:00 a.m. MST, with participants encouraged to call in 15 minutes early. The call can be accessed domestically at +1 844-244-9160 and internationally at +1 330-931-4670 using conference ID 'Quarter4'. Interested investors can find further details and listen to a recording on the company's website.

Century Casinos (CNTY) has reopened its eight casinos in Poland as of February 12, 2021, following a mandatory closure since December 28, 2020, due to COVID-19 restrictions. The reopening is contingent on government mandates and is set to be reassessed by February 28, 2021. Social distancing and health protocols will be enforced. Century Casinos holds a 66.6% interest in its Polish subsidiary, Casinos Poland Ltd. The company warns of potential future closures depending on government regulations.

Century Casinos (CNTY) announced the closure of its Polish casinos through January 31, 2021, due to extended COVID-19 quarantines mandated by the Polish government. These casinos accounted for 4% of the Company's Adjusted EBITDA as of September 30, 2020. Given the rapidly evolving COVID-19 situation, the impact on Century Casinos is expected to be adverse at least through the first half of 2021. The Company operates casinos in various locations, including Colorado and Canada, and holds significant stakes in Polish and Canadian operations.

Century Casinos (CNTY) announced its Polish casinos will temporarily close from December 28, 2020, to January 18, 2021, in compliance with government quarantines aimed at curbing COVID-19 spread. This closure impacts approximately 4% of the Company's Adjusted EBITDA for the third quarter of 2020. The ongoing pandemic is expected to adversely affect the Company through at least the first half of 2021.

Century Casinos, Inc. (CNTY) has entered a 10-year agreement with Rush Street Interactive (RSI) to offer interactive gaming in West Virginia. The deal, which includes minimum revenue guarantees and a monthly share of net gaming revenue, is set to begin in Q2 2021. Century has already acquired its master license for the state, facilitating the launch of the BetRivers brand. This partnership enhances Century's market presence and revenue potential in the growing online gaming sector.