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Century Casinos reports Q4 EPS (36c), consensus (36c)
The Fly

Century Casinos reports Q4 EPS (36c), consensus (36c)

Reports Q4 revenue $143.76M, consensus $142.31M. “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,” Erwin Haitzmann and Peter Hoetzinger, co-CEO of Century Casinos remarked. “Unanticipated licensing delays that resulted in closures of three of our casinos in Poland in the fourth quarter caused earnings from operations in Poland to decrease compared to 2022. We have been awarded all three licenses, we reopened one casino in February 2024 and anticipate reopening the second casino this month and the final casino in a new location in the third quarter of 2024. 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,” Messrs. Haitzmann and Hoetzinger concluded.

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