Century Casinos reports fourth-quarter revenue decline and wider loss
Century Casinos reported fourth-quarter 2024 operating revenue of $137.8 million, down 4%, and a net loss of $36.2 million, which increased 388%. The company recorded a one-time $43.7 million impairment on Nugget Casino Resort and said weak retail and low-end customer trends were affecting spending in its markets. It ended the quarter with $99 million in cash and $340 million in long-term debt.
The results and impairment provide investors with an update on Century Casinos’ financial performance and debt position.