$CNTY

CENTURY CASINOS INC /CO/

CIK:0000911147|SEC Filings

Condensed Consolidated Statements Of Loss - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Operating revenue:
Net operating revenue	$ 151,995	$ 150,818	$ 289,234	$ 281,261
Operating costs and expenses:
General and administrative	36,827	35,704	72,878	71,794
Depreciation and amortization	13,014	12,843	26,031	25,236
Total operating costs and expenses	134,815	134,243	260,293	257,546
Earnings from operations	17,180	16,575	28,941	23,715
Non-operating (expense) income:
Interest income	85	273	221	653
Interest expense	(25,937)	(26,211)	(51,882)	(52,247)
(Loss) gain on foreign currency transactions, cost recovery income and other (Note 1)	(8)	1,040	165	1,159
Non-operating (expense) income, net	(25,860)	(24,898)	(51,496)	(50,435)
Loss before income taxes	(8,680)	(8,323)	(22,555)	(26,720)
Income tax expense	(625)	(1,250)	(1,534)	(1,732)
Net loss	(9,305)	(9,573)	(24,089)	(28,452)
Net earnings attributable to non-controlling interests	(1,605)	(2,736)	(3,325)	(4,470)
Net loss attributable to Century Casinos, Inc. shareholders	$ (10,910)	$ (12,309)	$ (27,414)	$ (32,922)
Loss per share attributable to Century Casinos, Inc. shareholders:
Basic	$ (0.39)	$ (0.40)	$ (0.96)	$ (1.08)
Diluted	$ (0.39)	$ (0.40)	$ (0.96)	$ (1.08)
Weighted average shares outstanding - basic	28,195	30,565	28,413	30,624
Weighted average shares outstanding - diluted	28,195	30,565	28,413	30,624
Gaming [Member]
Operating revenue:
Net operating revenue	$ 109,412	$ 111,070	$ 216,111	$ 211,736
Operating costs and expenses:
Operating costs and expenses	57,376	58,851	113,049	113,115
Pari-Mutuel, Sports Betting And iGaming [Member]
Operating revenue:
Net operating revenue	5,996	5,071	9,415	7,956
Operating costs and expenses:
Operating costs and expenses	6,744	6,203	10,493	9,688
Hotel [Member]
Operating revenue:
Net operating revenue	15,198	14,061	25,331	23,768
Operating costs and expenses:
Operating costs and expenses	5,537	5,078	10,169	9,478
Food And Beverage [Member]
Operating revenue:
Net operating revenue	13,348	13,505	25,866	25,611
Operating costs and expenses:
Operating costs and expenses	11,557	12,168	22,883	23,531
Other [Member]
Operating revenue:
Net operating revenue	8,041	7,111	12,511	12,190
Operating costs and expenses:
Operating costs and expenses	$ 3,760	$ 3,396	$ 4,790	$ 4,704

Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash Flows from Operating Activities:
Net loss	$ (24,089)	$ (28,452)
Adjustments to reconcile net loss to net cash from operating activities:
Depreciation and amortization	26,031	25,236
Operating lease expense	3,443	3,730
Paid in kind interest on financing obligation	1,079	4,179
Noncash amortization of prepaid insurance	4,744
Loss on disposition of fixed assets	41	84
Amortization of stock-based compensation expense	372	486
Amortization of deferred financing costs and discount on notes receivable	1,347	1,381
Deferred taxes	(382)	(892)
Changes in Operating Assets and Liabilities:
Receivables, net	(1,335)	(2,063)
Prepaid expenses and other assets	(2,121)	3,645
Accounts payable	(4,482)	(9,066)
Other current and long-term liabilities	1,853	4,805
Inventories	(27)	90
Accrued payroll	430	377
Taxes payable	410	3,118
Net cash provided by operating activities	7,314	6,658
Cash Flows from Investing Activities:
Purchases of property and equipment	(5,831)	(12,498)
Notes receivable proceeds		160
Purchase of intangible assets - casino license		(677)
Proceeds from disposition of assets		33
Net cash used in investing activities	(5,831)	(12,982)
Cash Flows from Financing Activities:
Principal payments of long-term debt and finance leases	(2,514)	(3,245)
Proceeds from borrowings of long-term debt	1,393	1,000
Proceeds from insurance financing	1,280
Repayments of insurance financing	(4,556)
Distributions to non-controlling interests	(4,004)	(4,673)
Common shares repurchased and retired	(888)	(949)
Net cash used in financing activities	(9,289)	(7,867)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash	(942)	985
Decrease in Cash, Cash Equivalents and Restricted Cash	(8,748)	(13,206)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period	69,218	99,013
Cash, Cash Equivalents and Restricted Cash at End of Period	60,470	85,807
Supplemental Disclosure of Cash Flow Information:
Interest paid	52,464	47,344
Income taxes paid (net of refunds received)	1,349	453
Non-Cash Investing Activities:
Purchase of property and equipment on account	$ 1,536	$ 3,059

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current Assets:
Cash and cash equivalents	$ 60,179	$ 68,921
Receivables, net	13,171	11,959
Prepaid expenses	14,621	18,667
Inventories	3,483	3,482
Other current assets	1,193	1,043
Total Current Assets	92,647	104,072
Property and equipment, net	882,052	902,756
Operating lease right-of-use assets, net	29,364	32,753
Goodwill	10,377	10,836
Intangible assets, net	72,431	77,583
Deferred income tax assets	16,745	17,681
Deposits and other	1,588	1,590
Total Assets	1,105,204	1,147,271
Current Liabilities:
Current portion of long-term debt	7,704	7,558
Current portion of operating lease liabilities	5,227	5,155
Current portion of finance lease liabilities	278	330
Accounts payable	9,740	15,965
Accrued liabilities	31,713	27,738
Accrued payroll	15,169	14,648
Taxes payable	7,802	8,386
Total Current Liabilities	77,633	79,780
Long-term debt, net of current portion and deferred financing costs	321,370	321,373
Long-term financing obligation to VICI Properties, Inc. subsidiaries	708,048	715,749
Operating lease liabilities, net of current portion	27,676	31,093
Finance lease liabilities, net of current portion	343	499
Taxes payable and other	730	795
Deferred income tax liabilities	4,950	4,764
Total Liabilities	1,140,750	1,154,053
Commitments and Contingencies (Note 6)
(Deficit) Equity:
Preferred stock; $0.01 par value; 20,000,000 shares authorized; no shares issued or outstanding
Common stock; $0.01 par value; 50,000,000 shares authorized; 28,133,538 and 28,730,648 shares issued and outstanding	281	287
Additional paid-in capital	120,536	121,055
Retained loss	(233,364)	(205,950)
Accumulated other comprehensive loss	(13,124)	(13,089)
Total Century Casinos, Inc. Shareholders’ (Deficit) Equity	(125,671)	(97,697)
Non-controlling interests	90,125	90,915
Total (Deficit) Equity	(35,546)	(6,782)
Total Liabilities and (Deficit) Equity	$ 1,105,204	$ 1,147,271