Century Casinos has provided preliminary financial results for its fiscal fourth quarter ended December 31, 2023, and an update on the company’s projects.
Preliminary fourth quarter 2023 estimates are approximately $171m in cash and cash equivalents as of December 31, 2023, compared to $102m at December 2022.
As reported in the company’s third quarter filings, the $30m revolving facility with Goldman Sachs Bank USA that the company borrowed in July 2023 in connection with the Rocky Gap acquisition was repaid on September 21, 2023.
The company has agreed to buy back $3.5m of its term loan with Goldman at 97 per cent of the cost of the debt. The transaction is expected to occur in February 2024.
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