Colorado Casino Operator Revenue Increase Almost Thirty Percent

Colorado Casino Operator Revenue Increase Almost Thirty Percent

USA – A gaming firm and casino operator based in Colorado Springs, Colorado, has today announced an annual revenue increase of almost thirty percent and an operating loss down to 5.2 million dollars, a drop of over 150%.

Erwin Haitzmann and Peter Hoetzinger commented on the figures among others:

“We are pleased with the fourth quarter results and the immediate impact the addition of the three casinos acquired from Eldorado Resorts had on our operating results. The acquired casinos have had very encouraging initial results, and we are excited to continue integrating the operations into the Century brand and to see anticipated meaningful growth from this acquisition on Century Casinos in the future.”

Along with annual financial reports, the firm, which operates eleven casinos in Colorado, Missouri, West Virginia, Alberta, and England, posted its fourth quarter figures for October to December last year with an operating revenue of 67 million and a decrease in loss of over eight hundred percent.

Annual Highlights:

  • Net operating revenue was $218.2 million, an increase of 29% from the year ended December 31, 2018.
  • Loss from operations was ($5.2) million, a decrease of 155% from the year ended December 31, 2018.
  • Net loss attributable to Century Casinos, Inc. shareholders was ($19.2) million, a decrease of 664% from the year ended December 31, 2018.
  • Adjusted EBITDA** was $30.3 million, an increase of 30% from the year ended December 31, 2018.
  • Basic loss per share was ($0.65), a decrease of 642% from the year ended December 31, 2018.
  • Diluted loss per share was ($0.65), a decrease of 691% from the year ended December 31, 2018.
  • Book value per share*** at December 31, 2019 was $5.54.

Fourth Quarter Highlights:

  • Net operating revenue was $67.2 million, an increase of 49% from the three months ended December 31, 2018.
  • Loss from operations was ($14.7) million, a decrease of 846% from the three months ended December 31, 2018.
  • Net loss attributable to Century Casinos, Inc. shareholders was ($20.1) million, a decrease of 4080% from the three months ended December 31, 2018.
  • Adjusted EBITDA** was $9.8 million, an increase of 69% from the three months ended December 31, 2018.
  • Loss per share was ($0.68).

Century Casinos was formed in 1992 and operates eleven gaming establishments including; Century Downs Racetrack and Casino – Balzac, Alberta, Lady Luck Casino Caruthersville – Caruthersville, Missouri and Century Casino Calgary – Calgary, Alberta.

Leave a Reply

Your email address will not be published. Required fields are marked *