Century Casinos reports Q3 revenue down 1% to $153.7m
Century Casinos reported operating revenue of $153.7m for the third quarter, down 1%, and an operating loss of $10.5m, which widened 30% year on year. Co-CEO Peter Hoetzinger attributed the cash-flow shortfall to costs from winding down the company’s Hilton-branded property in Poland. Century said it expects to open a new Wroclaw casino early next year and anticipates beginning Missouri online sports betting with BetMGM on 1 December.
Investors can weigh Century’s widened operating loss against its planned Wroclaw opening and Missouri launch.