Positive quarter for Century Casinos

It was a good third quarter for Century Casinos, the international operator with locations in the US, Canada, the UK, Poland and on cruise ships.

Operating revenue was $52.9m, up 22 per cent compared with the same quarter of 2018, and net profits were up to $3.5m, an increase of eight per cent. EBITDA was $7.1m, up 12 per cent.

The company reported that it was nearing the closing of a deal that would acquire three properties from Eldorado Resorts for $278m.

At its flagship Century Mile Casino and Racetrack at Edmonton International Airport in Canada, operations “continue to ramp up,” said co-CEOs Erwin Haitzmann and Peter Hoetzinger. They said: “We continue to analyse the cost structure, staffing levels and efficiencies at Century Mile to achieve the margins we expect, which is normal during the first phase of operations.”

The location opened in April of this year.