Century Casinos maintains strategic growth focus but posts 1% dip in Q3 revenue

• Century Casinos unveiled its third quarter financial results
• While the company maintained focus on growth and expansion, it recorded a dip in revenue year-over-year of 1% in Q3
• Erwin Haitzmann and Peter Hoetzinger, Co-Chief Executive Officers of Century Casino, speak about the latest results

Century Casinos, Inc., the leading gaming, hospitality and entertainment company, released its latest financial update.

The company has announced its third quarter and nine months operating results, recording a slight decrease in revenue year-over-year.

Net operating revenue dips in Q3 and the first nine months of 2025

The newly released unaudited financial report reveals that Century Casinos' net operating revenue for the three months ended September 30, 2025, halted at $153.7m.

A year-over-year comparison to the corresponding period in 2024, when net operating revenues hit $155.7m reveals that a decrease of 1% is recorded in Q3 this year.

Further breakdown provided by Century Casinos reveals that earnings from operations also recorded a year-over-year decrease.

In Q3 2024, earnings from operations hit $17.9m, while during the same period this year, earnings from operations dipped by 4% to $17.1m.

Century Casinos posted $31.1m in adjusted EBITDAR, a result that signals 6% year-over-year decrease when compared to the same period in 2024.

Focusing on the first nine months of 2025, the company reported a decrease in its revenue.

For the first nine months of 2024, Century Casinos' net operating revenues hit $438.1m.

During the corresponding period this year, net operating revenues were down by 1% to $435m.

While net operating revenue decreased, the company's earnings from operations increased in the first nine months of this year when compared to 2024, hitting $40.8m, up by 1%.

Century Casinos is pleased with its US growth

Besides financial data, Century Casinos highlighted important accomplishments completed during the first nine months of the year.

In March this year, the company obtained a second license for a casino in the city of Wroclaw, Poland.

Century Casinos' new brick-and-mortar location is expected to open in January 2026.

On the other hand, in May, the company joined forces with BetMGM in order to operate an online and mobile betting app in Missouri.

This strategic agreement is expected to generate a percentage of net gaming revenue for Century Casinos with a guaranteed minimum.

Missouri is expected to launch sports betting at the beginning of next month.

Erwin Haitzmann and Peter Hoetzinger, Co-Chief Executive Officers of Century Casino, commented in a press release: "We are pleased with the growth in the East and Midwest regions of the United States."

Moreover, the executives pointed out: "At the Nugget in the West region, we continue to focus on increasing local play and enhancing our concert and conference line up to improve results."

Focusing on Poland, Haitzmann and Hoetzinger acknowledged that Century Casinos suffered from "one-time costs" related to the closing of the Hilton Hotel casino.

In conclusion, the executives admitted they are looking forward to the opening of the company's new casino in Wroclaw and the success it would bring.

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