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Century Casinos
(NASDAQ:CNTY)
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Rating:44Neutral
Price Target:
$0.74
▼(-40.96% Downside)
Action:Reiterated
Date:10/24/26
The score is primarily held down by weak financial quality—net losses, negative free cash flow, and a stressed balance sheet with negative equity and high leverage—alongside very bearish technicals (price below all major moving averages and extremely weak RSI/Stoch). The latest earnings call was more constructive on operations and deleveraging intent, and corporate events include a helpful asset sale, but these positives are outweighed by the current financial and market-pressure risks, including the Nasdaq deficiency notice.
Positive Factors
North American operating momentum
The dominant North American portfolio is showing broad-based earnings growth, reducing reliance on the weaker Poland business. Sustained gains across core properties can improve operating leverage, support reinvestment, and provide a more durable base for debt reduction.
Negative Factors
Stressed balance sheet
Negative equity leaves the company with a thin capital buffer and limits protection against operating volatility. Combined with substantial debt, this increases refinancing and downturn risk, while interest and repayment obligations can restrict capital allocation and make deleveraging dependent on execution.
Read all positive and negative factors
Positive Factors
Negative Factors
North American operating momentum
The dominant North American portfolio is showing broad-based earnings growth, reducing reliance on the weaker Poland business. Sustained gains across core properties can improve operating leverage, support reinvestment, and provide a more durable base for debt reduction.
Read all positive factors
Century Casinos (CNTY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$21.41M
Dividend YieldN/A
Average Volume (3M)75.45K
Price to Earnings (P/E)―
Beta (1Y)1.41
Revenue Growth1.08%
EPS Growth54.98%
CountryUS
Employees3,334
SectorConsumer Cyclical
Sector Strength84
IndustryGambling, Resorts & Casinos
Share Statistics
EPS (TTM)-1.93
Shares Outstanding28,137,691
10 Day Avg. Volume84,945
30 Day Avg. Volume75,451
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)-0.41
Price to Sales (P/S)0.07
P/FCF Ratio-2.62
Enterprise Value/Market Cap53.08
Enterprise Value/Revenue1.96
Enterprise Value/Gross Profit5.61
Enterprise Value/Ebitda10.41
Forecast
1Y Price Target
$2.50Price Target Upside100.00% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-1.73
Revenue Forecast (FY)$591.28M
Century Casinos Business Overview & Revenue Model
Company Description
Century Casinos, Inc. operates as a casino entertainment company in the United States, Canada, and Poland. The company develops and operates gaming establishments, as well as related lodging, restaurant, and horse racing including off-track bettin...
How the Company Makes Money
Century Casinos makes money primarily by operating casino gaming and complementary hospitality/entertainment offerings. The core revenue stream is casino gaming, generated from customer wagering activity on slot machines and table games (i.e., the...
Century Casinos Earnings Call Summary
Earnings Call Date:Aug 07, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 06, 2026
Earnings Call Sentiment Positive
The call presents predominantly positive operational momentum across the U.S. portfolio with record second-quarter revenue and EBITDA, broad-based property-level improvements (notably Nugget, Missouri, Colorado and Canada), improving margins and signs that prior capital investments are contributing to EBITDA growth. Lowlights are concentrated in Poland (portfolio transition, start-up losses and table hold variance), remaining elevated leverage (net debt-to-EBITDA 6.5x) and some localized competitive pressures. Management is actively pursuing international asset monetizations and lender flexibility to accelerate deleveraging. On balance, highlights materially outweigh the lowlights.Positive Updates
Company Record Q2 Revenue and EBITDA
Net operating revenue of $152.0M, up 1% year-over-year, and adjusted EBITDA of $31.7M, up 5% year-over-year — both are all-time records for the company in a second quarter.
Negative Updates
Poland Underperformance and Transition Costs
Poland net operating revenue $19.9M and adjusted EBITDA approximately $0.1M for the quarter; performance weighed by closure of Hilton Warsaw (license nonrenewal), low table hold in June that reduced gaming revenue by ~ $1M versus theoretical, and start-up losses at the new Wroclaw casino opened Feb 2026.
Read all updates
Q2-2026 Updates
Positive
Negative
Company Record Q2 Revenue and EBITDA
Net operating revenue of $152.0M, up 1% year-over-year, and adjusted EBITDA of $31.7M, up 5% year-over-year — both are all-time records for the company in a second quarter.
Read all positive updates
Company Guidance
Management's guidance emphasized 2026 as a year of execution and harvesting, with Q3 expected to be the strongest cash‑flow quarter after July showed double‑digit EBITDA growth; they reiterated priorities to invest where returns are strongest, boost gaming‑floor productivity and hotel/entertainment yield, and monetize international assets (Poland and Canada) with at least one Canada package potentially announced before year‑end. Key metrics and outlook: consolidated Q2 net operating revenue was $152.0M (+1% YoY) and adjusted EBITDA $31.7M (+5%, both Q2 records); core U.S.+Canada+corporate EBITDA was +12% in Q2 and +17% YTD (U.S. Q2 NOP $111.6M +5%, U.S. adjusted EBITDAR $28.9M +12%; Canada Q2 NOP $20.4M +2.2%, Canada adj. EBITDA $6.2M +11%; Poland Q2 NOP $19.9M, adj. EBITDA ≈ $0.1M). Balance‑sheet and capital guidance: cash $60.2M (6/30/26), total debt $336.5M, net debt $276.3M with net‑debt/EBITDA improved to 6.5x and expected to fall well below 6x by year‑end, no debt maturities until Q2 2029, and full‑year 2026 CapEx targeted at ~$15M (H2 ≈ $9.5M).Century Casinos Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
18
Very Negative
Cash Flow
32
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 580.95M | 572.98M | 575.92M | 550.21M | 430.53M | 388.51M |
| Gross Profit | 202.46M | 195.53M | 245.54M | 242.81M | 197.89M | 187.47M |
| EBITDA | 109.15M | 104.56M | 65.84M | 115.36M | 102.95M | 101.78M |
| Net Income | -55.91M | -61.42M | -128.17M | -28.20M | 7.98M | 20.62M |
Balance Sheet | ||||||
| Total Assets | 1.11B | 1.15B | 1.23B | 1.36B | 884.97M | 703.36M |
| Cash, Cash Equivalents and Short-Term Investments | 60.18M | 68.92M | 98.77M | 171.33M | 101.78M | 107.82M |
| Total Debt | 1.07B | 1.08B | 1.06B | 1.02B | 665.00M | 494.61M |
| Total Liabilities | 1.14B | 1.15B | 1.14B | 1.15B | 730.77M | 553.00M |
| Stockholders Equity | -125.67M | -97.70M | -9.30M | 121.39M | 144.03M | 141.62M |
Cash Flow | ||||||
| Free Cash Flow | -7.94M | -15.26M | -64.29M | -36.10M | 17.81M | 49.18M |
| Operating Cash Flow | 7.34M | 6.69M | -3.30M | 24.05M | 37.40M | 59.19M |
| Investing Cash Flow | -15.11M | -22.26M | -60.89M | -207.00M | -103.14M | -9.99M |
| Financing Cash Flow | -16.79M | -15.37M | -4.38M | 149.86M | 161.16M | -4.71M |
Century Casinos Technical Analysis
Negative
1.25
Price Trends
1.08
Negative
1.18
Negative
1.33
Negative
Market Momentum
-0.10
Positive
12.00
Positive
12.43
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CNTY, the sentiment is Negative. The current price of 1.25 is above the 20-day moving average (MA) of 0.90, above the 50-day MA of 1.08, and below the 200-day MA of 1.33, indicating a bearish trend. The MACD of -0.10 indicates Positive momentum. The RSI at 12.00 is Positive, neither overbought nor oversold. The STOCH value of 12.43 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CNTY.
Century Casinos Risk Analysis
Century Casinos disclosed 31 risk factors in its most recent earnings report. Century Casinos reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Century Casinos Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $81.79M | 692.11 | 0.14% | 1.77% | 0.61% | -25.62% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
50 Neutral | $83.56M | -10.01 | 70.68% | ― | -6.73% | -114.46% | |
49 Neutral | $55.98M | 14.11 | -4.02% | ― | -55.87% | ― | |
45 Neutral | $31.86M | -0.85 | 7622.52% | ― | 2.76% | 11.27% | |
44 Neutral | $21.41M | -0.39 | 53.66% | ― | 1.08% | 54.98% |
* Consumer Cyclical Sector Average
CNTY
Century Casinos
0.76
-1.44
-65.41%
CPHC
Canterbury Park Holding
15.78
-0.08
-0.52%
FLL
Full House Resorts
0.87
-1.85
-68.05%
INSE
Inspired Entertainment
3.17
-4.83
-60.38%
ROLR
High Roller Technologies, Inc.
5.08
1.94
61.78%
Century Casinos Corporate Events
Delistings and Listing ChangesRegulatory Filings and Compliance
Century Casinos Receives Nasdaq Listing Deficiency Notice
Negative
Oct 23, 2026
On October 19, 2026, Century Casinos received a Nasdaq deficiency notice after its common stock failed for 30 consecutive business days to meet the $35 million minimum Market Value of Listed Securities required for continued listing. The notice do...
Business Operations and StrategyM&A Transactions
Century Casinos Divests Canadian Racetracks to Cut Debt
Positive
Sep 29, 2026
Century Casinos, Inc. is a casino entertainment company with operations in the United States, Canada and Poland. In the U.S., it runs properties in West Virginia, Maryland, Missouri, Colorado and Nevada, while in Alberta it operates Century Casino...
Business Operations and StrategyFinancial Disclosures
Century Casinos Posts Record Q2 Revenue Amid Ongoing Losses
Neutral
Aug 7, 2026
Century Casinos on August 7, 2026 reported second-quarter 2026 results showing all-time record Q2 net operating revenue of $152.0 million and Adjusted EBITDAR of $31.7 million, up 1% and 5% respectively from a year earlier, while earnings from ope...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.