Century Casinos reported increased income and working earnings for the primary quarter, whereas its internet loss narrowed from a yr earlier, supported by positive factors throughout its North American properties.
The Nasdaq-listed on line casino operator posted internet working income of $137.2 million for the three months ended March 31, up 5% from $130.4 million in the identical interval of 2025. Earnings from operations rose 65% to $11.8 million from $7.1 million.
Internet loss attributable to Century Casinos shareholders stood at $16.5 million, in contrast with a lack of $20.6 million a yr earlier. Fundamental and diluted internet loss per share have been each $0.58, in contrast with $0.67 within the first quarter of 2025. Adjusted EBITDAR elevated 24% to $24.9 million from $20.2 million.
Erwin Haitzmann and Peter Hoetzinger, Co-Chief Government Officers of Century Casinos, remarked: “The primary quarter of 2026 was an all-time report for internet working income in a primary quarter within the firm’s historical past, and we noticed all North American properties outperform the primary quarter of 2025 in each internet working income and Adjusted EBITDAR.”
“The expansion was pushed by robust play from our high-value and core buyer teams. We’re significantly happy with the outcomes on the Nugget, which noticed a rise in Adjusted EBITDAR of 93% in comparison with the primary quarter of 2025.”
Erwin Haitzmann and Peter Hoetzinger, Co-Chief Government Officers
By phase, the corporate’s US Midwest operations recorded the most important internet working income contribution at $41.8 million, up 5% from $39.8 million. US East income rose 5% to $38.9 million, whereas US West elevated 4% to $17.1 million. Canada posted an 11% rise to $18.3 million, and Poland elevated 2% to $21.1 million.
US Midwest earnings from operations rose 23% to $11.8 million, whereas Canada elevated 27% to $4.3 million. US East earnings rose to $1.5 million from $435,000, whereas US West narrowed its working loss to $2 million from $2.7 million.
Poland reported an working lack of $177,000, in contrast with a lack of $109,000 a yr earlier. Different company and administration operations recorded a loss from operations of $3.7 million.
Adjusted EBITDAR rose throughout the corporate’s North American segments. US Midwest elevated 16% to $15.6 million, US East rose 27% to $5.4 million, US West elevated 93% to $1.4 million, and Canada rose 26% to $5.5 million. Poland declined 8% to $505,000, whereas different operations recorded unfavourable Adjusted EBITDAR of $3.5 million.
The corporate had $60 million in money and money equivalents as of March 31, 2026, down from $68.9 million on the finish of 2025. Excellent debt stood at $336.7 million, in contrast with $337.7 million as of December 31, 2025.
The debt included $332.5 million associated to a time period mortgage below Century Casinos’ credit score settlement with Goldman Sachs Financial institution USA, $1.0 million below a credit score settlement associated to Casinos Poland, and $3.2 million below a Casinos Poland revolving credit score facility. The corporate additionally has a revolving line of credit score with Goldman of as much as $30.0 million.
Century Casinos mentioned its Consolidated First Lien Internet Leverage Ratio exceeded 5.50 to 1.00 as of March 31, 2026. Nonetheless, the corporate had no excellent revolving loans, swingline loans, or letters of credit score below the Goldman credit score settlement at quarter-end. It additionally reported a $712.0 million long-term financing obligation below its grasp lease with subsidiaries of VICI Properties.
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