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

CENTURY CASINOS, INC.

(CNTY)
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Century Casinos : successfully reopened all five of its Casinos in Alberta, Canada

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06/15/2020 | 08:01am EDT

COLORADO SPRINGS, Colo., June 15, 2020 /CNW/ -- Century Casinos, Inc. (Nasdaq Capital Market®: CNTY) announced today that operations at Century Casino & Hotel Edmonton, Century Casino St. Albert, Century Mile Racetrack and Casino, Century Downs Racetrack and Casino as well as Century Casino Calgary resumed on June 13, 2020.

Live racing at the Company's two horse racetracks Century Mile and Century Downs will resume shortly.

Prior to reopening, Century Casinos implemented comprehensive sanitizing and social distancing protocols based on Alberta Health Services guidelines and newly established industry standards at the properties. Details about these measures are available in the Covid-19 section of the properties' websites.

About Century Casinos, Inc.:
Century Casinos, Inc. is a casino entertainment company. The Company owns and operates Century Casino & Hotels in Cripple Creek and Central City, Colorado, and in Edmonton, Alberta, Canada; the Century Casino in Cape Girardeau and Caruthersville, Missouri, in Calgary and St. Albert, Alberta, Canada; Mountaineer Casino, Racetrack & Resort in New Cumberland, West Virginia; the Century Mile Racetrack and Casino ("CMR") in Edmonton, Alberta, Canada; and Century Bets! Inc. ("CBS"). CBS and CMR operate the pari-mutuel off-track horse betting networks in southern and northern Alberta, respectively. Through its Austrian subsidiary, CRM, the Company holds a 66.6% ownership interest in Casinos Poland Ltd., the owner and operator of eight casinos throughout Poland; and a 75% ownership interest in Century Downs Racetrack and Casino in Calgary, Alberta, Canada. The Company operates one ship-based casino. The Company, through CRM, also owns a 7.5% interest in, and provides consulting services to, Mendoza Central Entretenimientos S.A., a company that provides gaming-related services to Casino de Mendoza in Mendoza, Argentina. The Company continues to pursue other projects in various stages of development.

Century Casinos' common stock trades on The Nasdaq Capital Market® under the symbol CNTY. For more information about Century Casinos, visit our website at www.cnty.com.

This release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These statements are based on the beliefs and assumptions of the management of Century Casinos based on information currently available to management. Such forward-looking statements include, but are not limited to, statements regarding future results of operations, including the impact of the current coronavirus (COVID-19) pandemic, and plans for our casinos and our Company. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially from the forward-looking statements include, among others, the risks described in the section entitled "Risk Factors" under Item 1A in our Annual Report on Form 10-K for the year ended December 31, 2019, in Item 8.1 in our Current Report on Form 8-K filed on May 8, 2020, and in subsequent periodic and current SEC filings we may make. Century Casinos disclaims any obligation to revise or update any forward-looking statement that may be made from time to time by it or on its behalf.

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/century-casinos-successfully-reopened-all-five-of-its-casinos-in-alberta-canada-301076630.html

SOURCE Century Casinos, Inc.

© Canada Newswire, source Canada Newswire English

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Financials (USD)
Sales 2020 243 M - -
Net income 2020 -77,9 M - -
Net cash 2020 53,0 M - -
P/E ratio 2020 -1,56x
Yield 2020 -
Capitalization 122 M 122 M -
EV / Sales 2019
EV / Sales 2020 0,28x
Nbr of Employees 3 151
Free-Float 90,7%
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Technical analysis trends CENTURY CASINOS, INC.
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TrendsBearishNeutralNeutral
Income Statement Evolution
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Mean consensus BUY
Number of Analysts 4
Average target price 7,75 $
Last Close Price 4,12 $
Spread / Highest target 167%
Spread / Average Target 88,1%
Spread / Lowest Target 45,6%
EPS Revisions
Managers
NameTitle
Erwin Haitzmann Chairman & Co-Chief Executive Officer
Peter Hoetzinger Vice Chairman, President & Co-CEO
Andreas Terler Chief Information Officer & SVP-Operations
Nikolaus Strohriegel Senior Vice President Operations
Margaret M. Stapleton Chief Financial Officer, Secretary & Executive VP
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