Operator News
Poland – Century opens extra gaming floor at Marriott Hotel in Warsaw
By Phil - 31 May 2019
Century Casinos has opened an additional gaming floor at its casino at the Marriott Hotel in Warsaw, Poland. The casino is operated by the company`s majority owned subsidiary, Casinos Poland Ltd.
On May 30, 2019, approximately 800 guests were welcomed by Casinos Poland`s staff and were invited to explore the newly created 4,000 square feet gaming floor, featuring 15 gaming tables and 20 slot machines, two VIP rooms as well as a bar and lounge area. The casino is now offering a total of 35 gaming tables and 70 slot machines on a total gaming floor of approximately 12,000 square feet.
“We are excited about the substantial increase in the gaming offer of our Polish flagship casino and believe it will further strengthen Casinos Poland’s successful performance,” Erwin Haitzmann and Peter Hoetzinger, Co Chief Executive Officers of Century Casinos, said.
Poland generated 43 per cent of the company’s total revenue and 28 per cent of its EBITDA in its last quarterly results.
“Our Polish business was negatively impacted by licensing delays between Q4 ’17 and Q3 ’18,” Mr. Hoetzinger explained. “We’re glad that things are now back to normal in Poland and look forward to generating high EBITDA margins going forward. Already things are moving in the right direction. The EBITDA margin in Q1 was 12 per cent, up from nine per cent in Q4 2018.”
