Poland still closed for Century Casinos

Despite a decrease in revenue for the first quarter of 2021, Colorado-based Century Casinos remains bullish about its prospects for the remainder of the year.

The casino operator reported revenue down 17 per cent from $87.6m to $72.4m but losses down from $45.8m to just $1.4m. The adjusted EBITDA grew from $9.6m to $14.7m.

Explaining the situation, the report said that like most companies, it was hit in China with the pandemic, impacting all of the results from 2020 and the first quarter of this year. It anticipates that this effect will continue for the rest of 2021.

Its Canadian properties remain closed although those in Poland were due  to reopen on May 8. However, a late decision by the Polish government meant that they now remain closed until June 6. The US casinos, although open since last June, have been required to vary their operations through health and safety measures.

Century has US casinos in Colorado, West Virginia and Missouri and Canadian venues in Edmonton and Calgary and has a two-thirds share in the eight-strong Casinos Poland chain.