Century stable as it adds acquisitions

Major North American operator Century Casinos, which also includes the Casinos Poland chain, has shown only a minor drop in net operating revenue in its third quarter.

Revenue was $112.6m, down four per cent over the same quarter of 2021. Earnings, however, were more notably down, by 22 per cent at $20m. EBITDA was $28.1m, down 15 per cent.

Reporting progress on expansion plans, the company said that it is funding with cash the acquisition of the Rocky Gap Casino Resort from Lakes Maryland Development, Golden Entertainment and VICI Properties. The deal has a price tag of $56.1m.

Another acquisition this year was that of the Nugget Casino Resort in Sparks, Nevada, (pictured) for $100m.

Meanwhile the Century Casino Caruthersville in Missouri now has permission to relocate from a riverboat and barge to a land-based pavilion until a new land-based casino and hotel is completed.

For the nine months of this year, net operating revenue of the group was $326m, up 16 per cent on the same period of last year. Earnings were $53.8m, up three per cent. EBITDA for the nine months was $81.6m, up 12 per cent on last year’s $73m.