Summary
- Century Casinos has unveiled their financial results for the second quarter.
- Erwin Haitzmann and Peter Hoetzinger, the Co-Chief Executive Officers of Century Casinos, are truly thrilled about the impressive numbers.
- The company delivered impressive results for the first half of the year ending June 30, 2025.
Earlier this year, Century Casinos, Inc., a leader in the casino and entertainment industry, defied challenging weather conditions to deliver impressive Q1 results. Now, they continue to pave the way for growth, proudly reporting robust financial outcomes for both the second quarter and the first half of 2025, ending on June 30th.
North America revenue was relatively on-par, a significant increase recorded in Poland
In the second quarter of this year, Century Casinos saw its net operating revenue climb to an impressive $150.8 million. This marks a 3% increase compared to the same period in 2024 when revenue was $146.4 million. Notably, their earnings from operations soared by 16%, reaching $16.6 million. Furthermore, the adjusted EBITDAR showed robust growth, rising by 10% to hit $30.3 million. Delving into the details, Century Casinos' U.S. operations held steady year-over-year at $106.1 million. Meanwhile, their Canadian operations crept up by 1% to $20 million, and in Poland, the company celebrated a considerable 23% revenue boost, totaling $24.7 million. Amid these financial successes, Century Casinos entered an exciting partnership with BetMGM to bring sports betting to Missouri, underscoring the strategic importance of such collaborations in their latest report.
Century Casinos enjoys solid results for the first six months of 2025
Erwin Haitzmann and Peter Hoetzinger, the Co-CEOs of Century Casinos, have enthusiastically shared their thoughts about the company's latest financial outcomes through a press release received by Casino House Group News. We take immense pride in the strong progress and the vibrant momentum we have fostered across our portfolio, which has led to significant year-on-year growth and healthy cash flow this quarter, they expressed. In their final remarks, Haitzmann and Hoetzinger noted, With several third parties showing interest in our assets and potential strategic partnerships, we’ve commenced a strategic review. This step aligns with our ongoing dedication to enhancing long-term value and refining our portfolio. Looking at the broader view, Century Casinos announced a revenue of $281.3 million for the first half of 2025, matching results from the same period last year. Nonetheless, the company's earnings increased by 5% over the year, reaching $23.7 million in the first six months. Century Casinos also reported an adjusted EBITDAR of $50.5 million for the six months ending June 30, 2025, marking a 4% rise compared to the previous year.
