Casino operator Century reports EBITDA up 1532 per cent

Home » Casino operator Century reports EBITDA up 1532 per cent

International casino operator Century Casinos has joined the other land-based venues in showing a sharp recovery following the lockdown.

Net operating revenues were up $92.2m, an increase of 155 per cent for the second quarter of the year. Earnings from operations totalled $18.1m up 957 per cent from last year. Adjusted EBITDA was up 1532 per cent at $25.2m.

The group owns and operates gambling venues in Colorado, West Virginia and Missouri in the US, then other casinos in Alberta, Canada, and through its Austrian subsidiary, CRM, has a majority interest in Casinos Poland and eight race tracks in Poland. It also has interests in Argentina.

Erwin Haitzmann and Peter Hoetzinger, co-CEOs, said: “With all of our properties now open, we continue to show strong results and momentum. In the second quarter we achieved our highest quarterly adjusted EBITDA in the company’s history.”

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