Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Century Casinos, Inc.    CNTY

CENTURY CASINOS, INC.

(CNTY)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

CENTURY CASINOS INC /CO/ : Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits (form 8-K)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/16/2018 | 06:04am EDT

Item 1.01 Entry into a Material Definitive Agreement.

On August 13, 2018, Century Resorts Management GmbH ("CRM"), a wholly-owned subsidiary of Century Casinos, Inc. (the "Company"), entered into a loan agreement (the "UniCredit Agreement"), by and among UniCredit Bank Austria AG ("UniCredit"), as lender, CRM, as borrower and the Company, as guarantor. The UniCredit Agreement provides a revolving line of credit for up to EUR 7.0 million ($8.0 million based on the exchange rate in effect as of August 13, 2018) to be used for acquisitions and capital expenditures at the Company's existing operations or new operations.

Borrowings may be in the form of:

a. Borrowings denominated in EUR and bearing interest at EURIBOR plus a margin of

1.5%; and/or

b. Borrowings denominated in USD and bearing interest at LIBOR plus a margin of

     1.5%.



The UniCredit Agreement is available until terminated by either party. Funds can be borrowed with terms of 1, 3, 6, 9 or 12 months. The UniCredit Agreement is secured by a EUR 7.0 million guarantee by the Company. The UniCredit Agreement contains customary events of default, including the failure to make required payments. Upon a failure to make required payments following a grace period, amounts due under the UniCredit Agreement may be accelerated.

This summary of the UniCredit Agreement is qualified in its entirety by reference to the text of the UniCredit Agreement, a copy of which is filed with this Current Report on Form 8-K as Exhibit 10.1 and is incorporated herein by reference.

Item 2.03Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The disclosure contained in "Item 1.01 Entry into a Material Definitive Agreement" of this Current Report on Form 8-K is incorporated in this Item 2.03 by reference.

Item 9.01Financial Statements and Exhibits.



(d) Exhibits




Exhibit No.                               Description
   10.1         Loan Agreement dated, August 13, 2018, by and among Century
              Resorts Management GmbH, Century Casinos, Inc. and UniCredit Bank
              Austria AG.

© Edgar Online, source Glimpses

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CENTURY CASINOS, INC.
06/12CENTURY CASINOS INC /CO/ : Submission of Matters to a Vote of Security Holders (..
AQ
05/09CENTURY CASINOS : 1Q Earnings Snapshot
AQ
05/09CENTURY CASINOS // MANAGEMENT DISCUS : CENTURY CASINOS INC /CO/ Management's Dis..
AQ
05/09CENTURY CASINOS INC /CO/ : Results of Operations and Financial Condition, Regula..
AQ
03/22CENTURY CASINOS : to present at Roth Growth Stock Conference in Newport Beach, C..
AQ
03/12CENTURY CASINOS : Announces Fourth Quarter 2018 Results
AQ
03/11CENTURY CASINOS : 4Q Earnings Snapshot
AQ
03/11CENTURY CASINOS // MANAGEMENT DISCUS : CENTURY CASINOS INC /CO/ Management's Dis..
AQ
03/11CENTURY CASINOS INC /CO/ : Results of Operations and Financial Condition, Regula..
AQ
02/28CENTURY CASINOS INC /CO/ : Regulation FD Disclosure, Financial Statements and Ex..
AQ
More news
Financials ($)
Sales 2019 199 M
EBIT 2019 21,9 M
Net income 2019 11,0 M
Debt 2019 -
Yield 2019 -
P/E ratio 2019 25,33
P/E ratio 2020 14,46
Capi. / Sales 2019 1,32x
Capi. / Sales 2020 1,23x
Capitalization 263 M
Chart CENTURY CASINOS, INC.
Duration : Period :
Century Casinos, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CENTURY CASINOS, INC.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 4
Average target price 11,9 $
Spread / Average Target 33%
EPS Revisions
Managers
NameTitle
Erwin Haitzmann Chairman & Co-Chief Executive Officer
Peter Hoetzinger Vice Chairman, President & Co-CEO
Andreas Terler Chief Information Officer & VP-Operations
Nikolaus Strohriegel VP-Operations & Managing Director-CRM
Margaret M. Stapleton Chief Financial Officer, Secretary, CAO & EVP
Sector and Competitors
1st jan.Capitalization (M$)
CENTURY CASINOS, INC.24.22%259
LAS VEGAS SANDS CORP.10.05%40 912
MGM RESORTS INTERNATIONAL14.26%12 823
WYNN RESORTS16.88%11 151
GENTING SINGAPORE LTD--.--%7 690
TABCORP HOLDINGS LIMITED6.99%6 302