Tag Archives: Century Casinos
Canada – Century Casinos reports record revenues up 11 per cent in 2022
Despite a slow end to the year, Century Casinos’ revenue for 2022 showed a marked improvment, coming in at record $430.5m, an increase of 11 per cent. In its fourth quarter, net operating revenue was $103.8m, a decrease of three per cent compared to last year. “We finished 2022 with record net operating revenue and Adjusted EBITDA…
Bermuda – Century withdraws from Hamilton Princess project
Century Casinos has pulled out of its eight year long casino project with Bermuda’s Hamilton Princess & Beach Club. The US firm has cited the “current legislative framework,” that has caused significant time delays, as a reason for its withdrawal. It is unclear exactly where in the legislative framework the project has ground to a…
US – Century Casinos provides update on Caruthersville project
Century Casinos broke ground on the new land-based casino and hotel development at Century Casino Caruthersville on Friday, December 2, 2022 and has now provided more details of how the project will unfold. The casino at Century Casino Caruthersville will offer 650 slot machines (with the possibility of an expansion of up to 140 additional slot…
US – Century confirms Century move to land in Caruthersville with overall revenues down three per cent
Century Casinos reported revenue of $112.6m, a decrease of four per cent from the three months ended September 30, 2021. Earnings from operations were $20m, a decrease of 22 per cent from the three months ended September 30, 2021. “Net operating revenue and Adjusted EBITDA decreased in the third quarter of 2022 compared to 2021. The decreases were…
US – Century Casinos snaps up Rocky Gap Casino Resort in Maryland
Century Casinos, Inc., announced that it entered into a definitive agreement to acquire the operations of Rocky Gap Casino Resort, from Lakes Maryland Development, LLC for approximately $56m, subject to certain adjustments. The Company will fund the acquisition using cash from its balance sheet. Simultaneous with the closing of the transaction, an affiliate of VICI Properties…
Canada – Century Casinos enjoys best ever second quarter
Canadian operator Century Casinos enjoyed its best ever second quarter with revenues of $111.1m, an increase of 21 per cent from the three months ended June 30, 2021. Earnings from the group’s 17 casino operations were $20.8m, an increase of 15 per cent from the three months ended June 30, 2021. Peter Hoetzinger, Co-Chief Executive Officers of Century…
US – Century Casinos completes Nugget deal in Reno
Century Casinos has completed the acquisition of 50 per cent of the membership interests in Smooth Bourbon from Marnell Gaming for $95m. PropCo owns the land and building underlying the Nugget Casino Resort and has entered into a lease with Nugget Sparks, which operates the Nugget Casino Resort, for an annual rent of $15m. The Company will…
US – Century to relocate last remaining riverboat casino on open water in Missouri
Century Casinos has confirmed it plans to relocate its Century Casino Caruthersville casino, currently the last remaining riverboat on open water in Missouri, to a land-based casino with an attached hotel, estimated to open in early 2024, and to build a hotel that will attach onto Century Casino Cape Girardeau, estimated to open in late 2023….
Canada – Century Casinos Canadian horse racing content set for global distribution
Century Casinos’ Canadian subsidiaries operating horse racetracks, doing business as Century Downs Racetrack and Casino and Century Mile Racetrack and Casino, have partnered with Betmakers’ Global Racing Network for the distribution of CDR’s and CMR’s racing content as well as the facilitation of fixed odds wagering on the two racetracks’ thoroughbred and standardbred horse races….
