Century Casinos, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 08, 2023 at 06:08 am EDT
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Century Casinos, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 118.14 million compared to USD 102.27 million a year ago. Revenue was USD 136.76 million compared to USD 111.12 million a year ago. Net loss was USD 1.96 million compared to net income of USD 8.86 million a year ago. Basic loss per share from continuing operations was USD 0.06 compared to basic earnings per share from continuing operations of USD 0.3 a year ago. Diluted loss per share from continuing operations was USD 0.06 compared to diluted earnings per share from continuing operations of USD 0.28 a year ago.
For the six months, sales was USD 218.34 million compared to USD 197.65 million a year ago. Revenue was USD 245.27 million compared to USD 214.22 million a year ago. Net loss was USD 3.2 million compared to net income of USD 9.07 million a year ago. Basic loss per share from continuing operations was USD 0.11 compared to basic earnings per share from continuing operations of USD 0.3 a year ago. Diluted loss per share from continuing operations was USD 0.11 compared to diluted earnings per share from continuing operations of USD 0.29 a year ago.
Century Casinos, Inc. is a casino entertainment company. The Company operates gaming establishments, as well as related lodging, restaurants, horse racing, (including off-track betting) and entertainment facilities primarily in North America. The Companyâs operating segments in the United States, include East, the Mountaineer Casino, Resort & Races in New Cumberland, West Virginia and Rocky Gap Casino, Resort & Golf in Flintstone, Maryland; Midwest, the Century Casinos in Cape Girardeau and Caruthersville, Missouri, and Century Casino & Hotels in Cripple Creek and Central City, Colorado; and West, the Nugget Casino Resort, in Reno/Sparks, Nevada. In Canada, the Company operates Century Casino & Hotel in Edmonton, the Century Casino in St. Albert, Century Mile Racetrack and Casino in Edmonton and Century Downs Racetrack and Casino in Calgary. In Poland, the Company operates approximately eight casinos through the Companyâs subsidiary Casinos Poland Ltd.