Positive quarter for Century Casinos

Home » 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.”

More about:  Some Philippines casinos remain open

The location opened in April of this year.

Leave a Reply

Your email address will not be published. Required fields are marked *

Gambling News from NewsCasinoNew.com is made for the most passionate fans of online casinos and internet gambling. We cover everything: from popular gambling world events and trends to new casino slot game releases and reviews, you will find the latest news stories.