German
Summary
- Century Casinos has published its financial report for the first quarter of 2025.
- The company experienced a strong start to the year, although this was somewhat tempered by adverse weather conditions in North America.
- Century Casinos, after launching its casino in Missouri, has successfully obtained a second license in Wroclaw, Poland.
Century Casinos, Inc., a top casino entertainment company, announced its latest financial report, showcasing impressive performance in the first quarter of the year, even in the face of challenging weather conditions.
Century Casinos' US-based operations post the lion's share of net operating revenue
The recently released unaudited report offers insights into the company's performance for the quarter ending March 31, 2025. During this period, Century Casinos reported net operating revenues of $130.4 million. Compared to the same period in 2024, this represents a slight 4% decline in revenue for the first quarter of this year. A detailed analysis of the $130.4 million in net operating revenue indicates modest decreases in Poland and the United States, with a significant drop in Canada. In Canada, the company reported net operating revenues of $16.5 million, marking a 10% year-over-year decline. Revenue in Poland fell by 5% to $20.6 million. Conversely, the United States contributed the largest portion, with $93.3 million in net operating revenue, reflecting a minor 3% year-over-year decrease. Additionally, the company's earnings from operations in the first quarter of 2025 reached $7.1 million, which is a 14% decrease compared to the previous year. As expected, adjusted EBITDAR also declined, reaching $20.2 million, a 5% decrease year-over-year.
The company celebrates the early success of its new casino in Missouri, plans growth overseas
Erwin Haitzmann and Peter Hoetzinger, the Co-Chief Executive Officers of Century Casinos, shared their insights on the newly released financial report, as reported by Casino House Group News.
