Century Casinos reports Q3 EPS (47c), consensus 11c

Reports Q3 revenue $161.18M, consensus $154.78M. “With our acquisitions of the Nugget Casino Resort and Rocky Gap Casino, Resort & Golf we achieved record high net operating revenue and Adjusted EBITDA**. One time expenses related to the Rocky Gap acquisition and Canada sale leaseback transaction negatively impacted our earnings from operations and net loss for the quarter. Looking ahead we anticipate revenue and operating expense trends to remain consistent with what we have seen the last several quarters,” Erwin Haitzmann and Peter Hoetzinger, Co-Chief Executive Officers of Century Casinos remarked. “The completion of the Canada sale leaseback reduced our Net Debt** from $255.5 million as of June 30, 2023 to $158.9 million as of September 30, 2023,” Messrs. Haitzmann and Hoetzinger concluded.