Overview
Century Casinos Q2 net operating revenue rises 3%, beating analyst expectations
Earnings from operations up 16%, adjusted EBITDAR increases 10%
Co initiates strategic review to enhance shareholder value
This could include sale of the company among other alternatives to be reviewed
Outlook
Company to launch sports betting in Missouri in Q4 2025
Century Casinos to open new casino in Poland in Q4 2025
Result Drivers
CARUTHERSVILLE OPENING - New casino and hotel in Caruthersville, Missouri boosts net operating revenue by 26% and Adjusted EBITDAR by 31%
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$150.80 mln
$149.20 mln (4 Analysts)
Q2 Adjusted EBITDA
$30.30 mln
Q2 Earnings from Operations
$16.60 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the casinos & gaming peer group is "buy"
Wall Street's median 12-month price target for Century Casinos Inc is $4.00, about 44.8% above its August 6 closing price of $2.21
Press Release: ID:nCNWP7Bb0a
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)