{"success":true,"data":{"pressRelease":{"id":"112573","rtpr_id":"nPrejqYm7a","ticker":"CNTY","exchange":"NASDAQ","all_tickers":["CNTY"],"title":"Century Casinos, Inc. Announces Second Quarter 2026 Results","author":"PR Newswire","published_at":"2026-08-07T10:00:01.999Z","article_body":"Century Casinos, Inc. Announces Second Quarter 2026 Results\nPR Newswire\n\nCOLORADO SPRINGS, Colo., Aug. 7, 2026\n\nAll-Time Record Q2 Net Operating Revenue and Adjusted EBITDAR, Driven by\nStrong Performance in North America. \n\nCOLORADO SPRINGS, Colo., Aug. 7, 2026 /PRNewswire/ -- Century Casinos, Inc.\n(the \"Company\", \"we\", \"us\", or \"our\") (Nasdaq Capital Market®: CNTY) today\nannounced its financial results for the three and six months ended June 30,\n2026.\n\n\n\nSecond Quarter 2026 Highlights*\nCompared to the three months ended June 30, 2025:\n* Net operating revenue was $152.0 million, an increase of 1%.\n* Earnings from operations was $17.2 million, an increase of 4%.\n* Net loss attributable to Century Casinos, Inc. shareholders was ($10.9)\nmillion, a change of 11%, and net loss per share was ($0.39).\n* Adjusted EBITDAR** was $31.7 million, an increase of 5%.\nHighlights of our US West Segment compared to the three months ended June 30,\n2025*:\n* Net operating revenue was $23.4 million, an increase of 16%.\n* Net loss attributable to Century Casinos, Inc. shareholders was ($0.7)\nmillion, a 75% improvement.\n* Adjusted EBITDAR** was $4.5 million, a 93% increase.\n\"We are very pleased with the results of our North American operations during\nthe second quarter, driven by a strong performance at the Nugget, in the US\nWest reportable segment, as well as in the US Midwest reportable segment,\nwhich includes our Missouri and Colorado properties. The Nugget's Adjusted\nEBITDAR** grew an additional 93%, after growing by 93% in the first quarter,\nand we will continue to work diligently at the property to continue this\nperformance throughout 2026 and beyond. Unfortunately, the results in North\nAmerica were negatively impacted by Poland, which continued to underperform\ndue, in part, to low table hold in June 2026. However, we are seeing some\nsigns of improvement in Poland that should lead to better results over the\nnext several quarters,\" Erwin Haitzmann and Peter Hoetzinger, Co-Chief\nExecutive Officers of Century Casinos, remarked.\n\nRESULTS\n\nThe consolidated results for the three and six months ended June 30, 2026 and\n2025 are as follows:\n\n For the three months For the six months \n Amounts in thousands, except per share data ended June 30, % ended June 30, % \n Consolidated Results: 2026 2025 Change 2026 2025 Change \n Net operating revenue $ 151,995 $ 150,818 1 % $ 289,234 $ 281,261 3 % \n Earnings from operations 17,180 16,575 4 % 28,941 23,715 22 % \n Net loss attributable to Century $ (10,910) $ (12,309) 11 % $ (27,414) $ (32,922) 17 % \n Casinos, Inc. shareholders \n \n Adjusted EBITDAR** $ 31,660 $ 30,304 5 % $ 56,599 $ 50,459 12 % \n \n Net loss per share attributable to Century Casinos, Inc. shareholders: \n Basic $ (0.39) $ (0.40) 3 % $ (0.96) $ (1.08) 11 % \n Diluted $ (0.39) $ (0.40) 3 % $ (0.96) $ (1.08) 11 % \n\nRESULTS BY REPORTABLE SEGMENT*\n\nFollowing is a summary of the changes in net operating revenue by reportable\nsegment for the three and six months ended June 30, 2026, compared to the\nthree and six months ended June 30, 2025:\n\n Net Operating Revenue \n For the three months For the six months \n Amounts in ended June 30, $ % ended June 30, $ % \n thousands 2026 2025 Change Change 2026 2025 Change Change \n US East $ 43,576 $ 44,556 $ (980) (2 %) $ 82,505 $ 81,690 $ 815 1 % \n US Midwest 44,680 41,374 3,306 8 % 86,487 81,128 5,359 7 % \n US West 23,378 20,174 3,204 16 % 40,446 36,583 3,863 11 % \n Canada 20,439 20,005 434 2 % 38,762 36,521 2,241 6 % \n Poland 19,922 24,709 (4,787) (19 %) 41,034 45,339 (4,305) (10 %) \n Consolidated $ 151,995 $ 150,818 $ 1,177 1 % $ 289,234 $ 281,261 $ 7,973 3 % \n\nFollowing is a summary of the changes in earnings (loss) from operations by\nreportable segment for the three and six months ended June 30, 2026, compared\nto the three and six months ended June 30, 2025:\n\n Earnings (Loss) from Operations \n For the three months For the six months \n Amounts in ended June 30, $ % ended June 30, $ % \n thousands 2026 2025 Change Change 2026 2025 Change Change \n US East $ 3,785 $ 4,083 $ (298) (7 %) $ 5,268 $ 4,520 $ 748 17 % \n US Midwest 12,870 11,624 1,246 11 % 24,684 21,201 3,483 16 % \n US West 1,109 (978) 2,087 213 % (881) (3,645) 2,764 76 % \n Canada 5,019 4,533 486 11 % 9,300 7,894 1,406 18 % \n Poland (659) 464 (1,123) (242 %) (838) 355 (1,193) (336 %) \n Other ((1)) (4,944) (3,151) (1,793) (57 %) (8,592) (6,610) (1,982) (30 %) \n Consolidated $ 17,180 $ 16,575 $ 605 4 % $ 28,941 $ 23,715 $ 5,226 22 % \n\n \n (1) Represents additional business activities including certain other corporate and management operations that are not included in the Company's reportable segments. Information is presented for reconciliation purposes. \n\nFollowing is a summary of the changes in net (loss) earnings attributable to\nCentury Casinos, Inc. shareholders by reportable segment for the three and\nsix months ended June 30, 2026, compared to the three and six months ended\nJune 30, 2025:\n\n Net (Loss) Earnings Attributable to Century Casinos, Inc. Shareholders \n For the three months For the six months \n Amounts in ended June 30, $ % ended June 30, $ % \n thousands 2026 2025 Change Change 2026 2025 Change Change \n US East $ (2,862) $ (2,263) $ (599) (27 %) $ (8,017) $ (8,463) $ 446 5 % \n US Midwest 6,023 4,640 1,383 30 % 10,966 7,747 3,219 42 % \n US West (708) (2,864) 2,156 75 % (4,532) (7,314) 2,782 38 % \n Canada 1,145 599 546 91 % 1,699 533 1,166 219 % \n Poland (528) 245 (773) (316 %) (835) 81 (916) (1131 %) \n Other ((1)) (13,980) (12,666) (1,314) (10 %) (26,695) (25,506) (1,189) (5 %) \n Consolidated $ (10,910) $ (12,309) $ 1,399 11 % $ (27,414) $ (32,922) $ 5,508 17 % \n\n \n (1) Represents additional business activities including certain other corporate and management operations that are not included in the Company's reportable segments. Information is presented for reconciliation purposes. \n\nItems deducted from or added to earnings (loss) from operations to arrive at\nnet (loss) earnings attributable to Century Casinos, Inc. shareholders\ninclude interest income, interest expense, gains (losses) on foreign currency\ntransactions and other, income tax (benefit) expense, and non-controlling\ninterests.\n\nFollowing is a summary of the changes in Adjusted EBITDAR** by reportable\nsegment for the three and six months ended June 30, 2026 compared to the three\nand six months ended June 30, 2025:\n\n Adjusted EBITDAR** \n For the three months For the six months \n Amounts in ended June 30, $ % ended June 30, $ % \n thousands 2026 2025 Change Change 2026 2025 Change Change \n US East $ 7,654 $ 7,903 $ (249) (3 %) $ 13,037 $ 12,143 $ 894 7 % \n US Midwest 16,689 15,452 1,237 8 % 32,337 28,890 3,447 12 % \n US West 4,508 2,338 2,170 93 % 5,902 3,059 2,843 93 % \n Canada 6,220 5,607 613 11 % 11,703 9,967 1,736 17 % \n Poland 52 1,942 (1,890) (97 %) 555 2,488 (1,933) (78 %) \n Other ((1)) (3,463) (2,938) (525) (18 %) (6,935) (6,088) (847) (14 %) \n Consolidated $ 31,660 $ 30,304 $ 1,356 5 % $ 56,599 $ 50,459 $ 6,140 12 % \n\n \n (1) Represents additional business activities including certain other corporate and management operations that are not included in the Company's reportable segments. Information is presented for reconciliation purposes. \n\nBALANCE SHEET AND LIQUIDITY\n\nAs of June 30, 2026, the Company had $60.2 million in cash and cash\nequivalents compared to $68.9 million in cash and cash equivalents at December\n31, 2025. As of June 30, 2026, the Company had $336.5 million in outstanding\ndebt compared to $337.7 million in outstanding debt at December 31, 2025. The\noutstanding debt as of June 30, 2026 included $331.6 million related to a term\nloan under the Company's credit agreement with Goldman Sachs Bank USA\n(\"Goldman\"), $0.9 million under a credit agreement related to Casinos Poland\n(\"CPL\") and $3.9 million under a revolving credit facility related to CPL. The\nCompany also has a revolving line of credit with Goldman of up to $30.0\nmillion. If the Company has aggregate outstanding revolving loans, swingline\nloans and letters of credit greater than $10.5 million under the credit\nagreement with Goldman as of the last day of any fiscal quarter, it is\nrequired to maintain a Consolidated First Lien Net Leverage Ratio of 5.50 to\n1.00 or less for such fiscal quarter. As of June 30, 2026, the Consolidated\nFirst Lien Net Leverage Ratio exceeded 5.50 to 1.00, but the Company had no\noutstanding revolving loans, swingline loans or letters of credit under the\ncredit agreement with Goldman. The Company also has a $708.0 million long-term\nfinancing obligation under its master lease with subsidiaries of VICI\nProperties, Inc. (\"Master Lease\").\n\nCONFERENCE CALL INFORMATION\n\nToday the Company will post a copy of its quarterly report on Form 10-Q filed\nwith the SEC for the quarter ended June 30, 2026 on its website at\nwww.cnty.com/investor/financials/sec-filings/. The Company will also post its\ncurrent presentation, which may be used in one or more meetings with current\nand potential investors from time to time, at the Company's website under\nwww.cnty.com/investor/presentations/.\n\nThe Company will host its second quarter 2026 earnings conference call today,\nFriday, August 7, 2026 at 10:00 am EDT / 8:00 am MDT. U.S. domestic\nparticipants should dial 888-999-6281. For all international participants,\nplease use 848-280-6550 to dial-in. The conference ID is 'Casinos'.\nParticipants may listen to the call live at\nhttps://app.webinar.net/5PAjQGDaNEk or obtain a recording of the call on the\nCompany's website until August 31, 2026 at\nwww.cnty.com/investor/financials/financial-results/.\n\n* Amounts presented are rounded. As such, rounding differences could occur in\nperiod over period changes and percentages reported.\n\n** Adjusted EBITDAR and Adjusted EBITDAR margin are Non-US GAAP financial\nmeasures. See discussion and reconciliation of Non-US GAAP financial measures\nin Supplemental Information below.\n\n CENTURY CASINOS, INC. AND SUBSIDIARIES UNAUDITED FINANCIAL INFORMATION – US GAAP BASIS \n Condensed Consolidated Statements of Loss \n \n For the three months For the six months \n ended June 30, ended June 30, \n Amounts in thousands, except for share information 2026 2025 2026 2025 \n Operating revenue: \n Net operating revenue $ 151,995 $ 150,818 $ 289,234 $ 281,261 \n Operating costs and expenses: \n Total operating costs and expenses 134,815 134,243 260,293 257,546 \n Earnings from operations 17,180 16,575 28,941 23,715 \n Non-operating (expense) income, net (25,860) (24,898) (51,496) (50,435) \n Loss before income taxes (8,680) (8,323) (22,555) (26,720) \n Income tax expense (625) (1,250) (1,534) (1,732) \n Net loss (9,305) (9,573) (24,089) (28,452) \n Net earnings attributable to non-controlling interests (1,605) (2,736) (3,325) (4,470) \n Net loss attributable to Century Casinos, Inc. $ (10,910) $ (12,309) $ (27,414) $ (32,922) \n shareholders \n \n Net loss per share attributable to Century Casinos, Inc. shareholders: \n Basic $ (0.39) $ (0.40) $ (0.96) $ (1.08) \n Diluted $ (0.39) $ (0.40) $ (0.96) $ (1.08) \n \n Weighted average common shares \n Basic 28,195 30,565 28,413 30,624 \n Diluted 28,195 30,565 28,413 30,624 \n\n \n\n Condensed Consolidated Balance Sheets \n \n June 30, December 31, \n Amounts in thousands 2026 2025 \n Assets \n Current assets $ 92,647 $ 104,072 \n Property and equipment, net 882,052 902,756 \n Other assets 130,505 140,443 \n Total assets $ 1,105,204 $ 1,147,271 \n \n Liabilities and (Deficit) Equity \n Current liabilities $ 77,633 $ 79,780 \n Non-current liabilities 1,063,117 1,074,273 \n Century Casinos, Inc. shareholders' (deficit) equity (125,671) (97,697) \n Non-controlling interests 90,125 90,915 \n Total liabilities and (deficit) equity $ 1,105,204 $ 1,147,271 \n\n \n\n CENTURY CASINOS, INC. AND SUBSIDIARIES UNAUDITED SUPPLEMENTAL INFORMATION \n Reconciliation of Adjusted EBITDAR* to Net (Loss) Earnings Attributable to Century Casinos, Inc. Shareholders by Reportable Segment. \n \n For the three months ended June 30, 2026 \n Amounts in thousands US US US Canada Poland Other ((1)) Total North \n East Midwest West America \n Total \n Net (loss) earnings $ (2,862) $ 6,023 $ (708) $ 1,145 $ (528) $ (13,980) $ (10,910) $ 3,598 \n attributable to Century \n Casinos, Inc. shareholders \n Interest income — — — (41) (1) (43) (85) (41) \n Interest expense ((2)) 6,641 6,784 — 3,475 68 8,969 25,937 16,900 \n Income tax expense — 59 — 440 23 103 625 499 \n Depreciation and amortization 3,869 3,819 3,394 1,201 711 20 13,014 12,283 \n Net earnings (loss) — — 1,815 53 (263) — 1,605 1,868 \n attributable to non-controlling \n interests \n Non-cash stock-based — — — — — 211 211 — \n compensation \n Loss (gain) on foreign — — 5 (55) 34 7 (9) (50) \n currency transactions, cost \n recovery income and other \n Loss on disposition of fixed 6 4 2 2 8 — 22 14 \n assets \n Pre-opening and termination — — — — — 1,250 1,250 — \n expenses \n Adjusted EBITDAR $ 7,654 $ 16,689 $ 4,508 $ 6,220 $ 52 $ (3,463) $ 31,660 $ 35,071 \n\n \n (1) Represents additional business activities including certain other corporate and management operations that are not included in our reportable segments. Information is presented for reconciliation purposes. \n (2) See \"Summary of Interest Expense\" below for a breakdown of interest expense and \"Cash Rent Payments\" below for more information on the rent payments related to the Master Lease. \n\n \n\n CENTURY CASINOS, INC. AND SUBSIDIARIES UNAUDITED SUPPLEMENTAL INFORMATION \n Reconciliation of Adjusted EBITDAR* to Net (Loss) Earnings Attributable to Century Casinos, Inc. Shareholders by Reportable Segment. \n \n For the three months ended June 30, 2025 \n Amounts in thousands US US US Canada Poland Other ((1)) Total North \n East Midwest West America \n Total \n Net (loss) earnings $ (2,263) $ 4,640 $ (2,864) $ 599 $ 245 $ (12,666) $ (12,309) $ 112 \n attributable to Century \n Casinos, Inc. shareholders \n Interest income — (3) — (91) (3) (176) (273) (94) \n Interest expense ((2)) 6,344 6,741 — 3,429 52 9,645 26,211 16,514 \n Income tax expense — 223 — 748 241 38 1,250 971 \n Depreciation and amortization 3,821 3,828 3,361 1,074 741 18 12,843 12,084 \n Net earnings — — 1,840 772 124 — 2,736 2,612 \n attributable to non-controlling \n interests \n Non-cash stock-based — — — — — 195 195 — \n compensation \n (Gain) loss on foreign — — — (922) (210) 8 (1,124) (922) \n currency transactions, cost \n recovery income and other ((3)) \n Loss (gain) on disposition of 1 23 1 (2) 11 — 34 23 \n fixed assets \n Pre-opening and termination — — — — 741 — 741 — \n expenses \n Adjusted EBITDAR $ 7,903 $ 15,452 $ 2,338 $ 5,607 $ 1,942 $ (2,938) $ 30,304 $ 31,300 \n\n \n (1) Represents additional business activities including certain other corporate and management operations that are not included in our reportable segments. Information is presented for reconciliation purposes. \n (2) See \"Summary of Interest Expense\" below for a breakdown of interest expense and \"Cash Rent Payments\" below for more information on the rent payments related to the Master Lease. \n (3) Includes $1.0 million related to cost recovery income for CDR in the Canada segment. \n\n \n\n CENTURY CASINOS, INC. AND SUBSIDIARIES UNAUDITED SUPPLEMENTAL INFORMATION \n Reconciliation of Adjusted EBITDAR* to Net (Loss) Earnings Attributable to Century Casinos, Inc. Shareholders by Reportable Segment. \n \n For the six months ended June 30, 2026 \n Amounts in thousands US US US Canada Poland Other ((1)) Total \n East Midwest West \n Net (loss) earnings attributable to $ (8,017) $ 10,966 $ (4,532) $ 1,699 $ (835) $ (26,695) $ (27,414) \n Century Casinos, Inc. \n shareholders \n Interest income — — — (90) (5) (126) (221) \n Interest expense ((2)) 13,275 13,602 — 6,976 129 17,900 51,882 \n Income tax expense — 108 — 677 430 319 1,534 \n Depreciation and amortization 7,769 7,653 6,778 2,403 1,393 35 26,031 \n Net earnings (loss) attributable to — — 3,648 94 (417) — 3,325 \n non-controlling interests \n Non-cash stock-based — — — — — 372 372 \n compensation \n Loss (gain) on foreign currency — — 5 (59) (157) 10 (201) \n transactions, cost recovery \n income and other \n Loss on disposition of fixed 10 8 3 3 17 — 41 \n assets \n Pre-opening and termination — — — — — 1,250 1,250 \n expenses \n Adjusted EBITDAR $ 13,037 $ 32,337 $ 5,902 $ 11,703 $ 555 $ (6,935) $ 56,599 \n\n \n (1) Represents additional business activities including certain other corporate and management operations that are not included in our reportable segments. Information is presented for reconciliation purposes. \n (2) See \"Summary of Interest Expense\" below for a breakdown of interest expense and \"Cash Rent Payments\" below for more information on the rent payments related to the Master Lease. \n\n \n\n CENTURY CASINOS, INC. AND SUBSIDIARIES UNAUDITED SUPPLEMENTAL INFORMATION \n Reconciliation of Adjusted EBITDAR* to Net (Loss) Earnings Attributable to Century Casinos, Inc. Shareholders by Reportable Segment. \n \n For the six months ended June 30, 2025 \n Amounts in thousands US US US Canada Poland Other ((1)) Total \n East Midwest West \n Net (loss) earnings attributable to $ (8,463) $ 7,747 $ (7,314) $ 533 $ 81 $ (25,506) $ (32,922) \n Century Casinos, Inc. \n shareholders \n Interest income — (12) — (183) (11) (447) (653) \n Interest expense ((2)) 12,981 13,220 — 6,729 102 19,215 52,247 \n Income tax expense — 223 — 964 331 214 1,732 \n Depreciation and amortization 7,623 7,689 6,704 2,073 1,111 36 25,236 \n Net earnings attributable to — — 3,623 805 42 — 4,470 \n non-controlling interests \n Non-cash stock-based — — — — — 486 486 \n compensation \n Gain on foreign currency — — — (952) (205) (86) (1,243) \n transactions, cost recovery \n income and other ((3)) \n Loss (gain) on disposition of fixed 2 23 46 (2) 15 — 84 \n assets \n Pre-opening and termination — — — — 1,022 — 1,022 \n expenses \n Adjusted EBITDAR $ 12,143 $ 28,890 $ 3,059 $ 9,967 $ 2,488 $ (6,088) $ 50,459 \n\n \n (1) Represents additional business activities including certain other corporate and management operations that are not included in our reportable segments. Information is presented for reconciliation purposes. \n (2) See \"Summary of Interest Expense\" below for a breakdown of interest expense and \"Cash Rent Payments\" below for more information on the rent payments related to the Master Lease. \n (3) Includes $1.0 million related to cost recovery income for CDR in the Canada segment. \n\n \n\n CENTURY CASINOS, INC. AND SUBSIDIARIES UNAUDITED SUPPLEMENTAL INFORMATION \n Net Earnings (Loss) Margins** and Adjusted EBITDAR Margins*** \n \n For the three months For the six months \n ended June 30, ended June 30, \n 2026 2025 2026 2025 \n US East Net Operating Revenue $ 43,576 $ 44,556 $ 82,505 $ 81,690 \n Net Earnings (Loss) Margin (7 %) (5 %) (10 %) (10 %) \n Adjusted EBITDAR Margin 18 % 18 % 16 % 15 % \n US Midwest Net Operating Revenue $ 44,680 $ 41,374 $ 86,487 $ 81,128 \n Net Earnings (Loss) Margin 13 % 11 % 13 % 10 % \n Adjusted EBITDAR Margin 37 % 37 % 37 % 36 % \n US West Net Operating Revenue $ 23,378 $ 20,174 $ 40,446 $ 36,583 \n Net Earnings (Loss) Margin (3 %) (14 %) (11 %) (20 %) \n Adjusted EBITDAR Margin 19 % 12 % 15 % 8 % \n Canada Net Operating Revenue $ 20,439 $ 20,005 $ 38,762 $ 36,521 \n Net Earnings (Loss) Margin 6 % 3 % 4 % 1 % \n Adjusted EBITDAR Margin 30 % 28 % 30 % 27 % \n Poland Net Operating Revenue $ 19,922 $ 24,709 $ 41,034 $ 45,339 \n Net Earnings (Loss) Margin (3 %) 1 % (2 %) — \n Adjusted EBITDAR Margin — 8 % 1 % 5 % \n Other ((1)) Net Operating Revenue $ — $ — $ — $ — \n Net Earnings (Loss) Margin NM ((2)) NM NM NM \n Adjusted EBITDAR Margin NM NM NM NM \n Consolidated Net Operating Revenue $ 151,995 $ 150,818 $ 289,234 $ 281,261 \n Net Earnings (Loss) Margin (7 %) (8 %) (9 %) (12 %) \n Adjusted EBITDAR Margin 21 % 20 % 20 % 18 % \n\n \n (1) Represents additional business activities including certain other corporate and management operations that are not included in our reportable segments. Information is presented for reconciliation purposes. \n (2) Not meaningful. \n\n \n\n Summary of Interest Expense \n \n For the three months For the six months \n ended June 30, ended June 30, \n Amounts in thousands 2026 2025 2026 2025 \n Interest expense - Credit Agreements 8,195 8,864 16,350 17,656 \n Interest expense - Master Lease Financing Obligation 16,887 16,494 33,827 32,896 \n Interest expense - Deferred Financing Costs 674 674 1,348 1,348 \n Interest expense - Miscellaneous 181 179 357 347 \n Interest expense $ 25,937 $ 26,211 $ 51,882 $ 52,247 \n Cash Rent Payments \n \n For the three months For the six months \n ended June 30, ended June 30, \n Amounts in thousands 2026 2025 2026 2025 \n Master Lease $ 17,376 $ 14,404 $ 35,451 $ 28,731 \n Nugget Lease ((1)) 2,018 1,936 4,023 3,849 \n\n \n (1) Represents payments with respect to the 50% interest in the Nugget Lease owned by Marnell Gaming, LLC through Smooth Bourbon, LLC, a 50% owned subsidiary of the Company that owns the real estate assets underlying the Nugget Casino Resort. \n\n \n\n CENTURY CASINOS, INC. AND SUBSIDIARIES UNAUDITED SUPPLEMENTAL INFORMATION \n The table below shows the Company's reporting units and operating segments that are included in each of \n the Company's reportable segments as of June 30, 2026. \n \n Reportable Segment and Reporting Unit \n Operating Segment \n US East Mountaineer Casino, Resort & Races \n Rocky Gap Casino, Resort & Golf \n US Midwest Century Casino & Hotel Central City \n Century Casino & Hotel Cripple Creek \n Century Casino & Hotel Cape Girardeau and The Riverview \n Century Casino & Hotel Caruthersville and The Farmstead \n US West Nugget Casino Resort and Smooth Bourbon, LLC \n Canada Century Casino & Hotel Edmonton \n Century Casino St. Albert \n Century Mile Racetrack and Casino \n Century Downs Racetrack and Casino \n Poland Casinos Poland \n\n* We define Adjusted EBITDAR as net (loss) earnings attributable to Century\nCasinos, Inc. shareholders before interest expense (income), net, income taxes\n(benefit), depreciation, amortization, non-controlling interests net earnings\n(losses) and transactions, pre-opening expenses, termination expenses,\nacquisition costs, non-cash stock-based compensation charges, asset impairment\ncosts, loss (gain) on disposition of fixed assets, discontinued operations,\n(gain) loss on foreign currency transactions, cost recovery income and other,\ngain on business combination and certain other one-time transactions. The\nMaster Lease is accounted for as a financing obligation. As such, a portion of\nthe periodic payment under the Master Lease is recognized as interest expense\nwith the remainder of the payment impacting the financing obligation using the\neffective interest method. Intercompany transactions consisting primarily of\nmanagement and royalty fees and interest, along with their related tax\neffects, are excluded from the presentation of net (loss) earnings\nattributable to Century Casinos, Inc. shareholders and Adjusted EBITDAR\nreported for each segment. Not all of the aforementioned items occur in each\nreporting period, but have been included in the definition based on historical\nactivity. These adjustments have no effect on the consolidated results as\nreported under US GAAP.\n\nAdjusted EBITDAR is used outside of our financial statements solely as a\nvaluation metric and is not considered a measure of performance recognized\nunder US GAAP. Adjusted EBITDAR is an additional metric used by analysts in\nvaluing gaming companies subject to triple net leases such as our Master Lease\nsince it eliminates the effects of variability in leasing methods and capital\nstructures. This metric is included as supplemental disclosure because (i) we\nbelieve Adjusted EBITDAR is used by gaming operator analysts and investors to\ndetermine the equity value of gaming operators and (ii) financial analysts\nrefer to Adjusted EBITDAR when valuing our business. We believe Adjusted\nEBITDAR is useful for equity valuation purposes because (i) its calculation\nisolates the effects of financing real estate, and (ii) using a multiple of\nAdjusted EBITDAR to calculate enterprise value allows for an adjustment to the\nbalance sheet to recognize estimated liabilities arising from operating leases\nrelated to real estate.\n\nAdjusted EBITDAR should not be construed as an alternative to net (loss)\nearnings attributable to Century Casinos, Inc. shareholders, the most directly\ncomparable US GAAP measure, as indicators of our performance. In addition,\nconsolidated Adjusted EBITDAR also should not be viewed as a measure of\noverall operating performance or considered in isolation or as an alternative\nto net (loss) earnings attributable to Century Casinos, Inc. shareholders,\nbecause it excludes the rent expense associated with our Master Lease and\nseveral other items. Adjusted EBITDAR as used by us may not be defined in the\nsame manner as other companies in our industry, and, as a result, may not be\ncomparable to similarly titled non-US GAAP financial measures of other\ncompanies.\n\nCENTURY CASINOS, INC. AND SUBSIDIARIES\nUNAUDITED SUPPLEMENTAL INFORMATION\n\n** We define net earnings (loss) margin as net (loss) earnings attributable\nto Century Casinos, Inc. shareholders divided by net operating revenue.\n\n*** We define Adjusted EBITDAR margin as Adjusted EBITDAR divided by net\noperating revenue. Adjusted EBITDAR margins are a non-US GAAP measure.\nManagement uses these margins as one of several measures to evaluate the\nefficiency of our casino operations.\n\nABOUT CENTURY CASINOS, INC.:\n\nCentury Casinos, Inc. is a casino entertainment company. The Company operates\nthe following reportable segments: (i) US East includes the Mountaineer\nCasino, Resort & Races in New Cumberland, West Virginia and Rocky Gap Casino,\nResort & Golf in Flintstone, Maryland; (ii) US Midwest includes the Century\nCasinos & Hotels in Cape Girardeau and Caruthersville, Missouri, and in\nCripple Creek and Central City, Colorado; (iii) US West includes the Nugget\nCasino Resort in Reno-Sparks, Nevada; (iv) Canada includes Century Casino &\nHotel in Edmonton, the Century Casino in St. Albert, Century Mile Racetrack\nand Casino in Edmonton, Alberta and Century Downs Racetrack and Casino in\nCalgary, Alberta; and (v) Poland, where the Company operates six casinos\nthrough its subsidiary Casinos Poland Ltd. The Company continues to pursue\nother projects in various stages of development.\n\nCentury Casinos' common stock trades on The Nasdaq Capital Market® under the\nsymbol CNTY. For more information about Century Casinos, visit our website at\nwww.cnty.com.\n\nFORWARD-LOOKING STATEMENTS, BUSINESS ENVIRONMENT AND RISK FACTORS\n\nThis release may contain \"forward-looking statements\" within the meaning of\nSection 27A of the Securities Act of 1933, as amended, Section 21E of the\nSecurities Exchange Act of 1934, as amended, and the Private Securities\nLitigation Reform Act of 1995. These statements are based on the beliefs and\nassumptions of the management of Century Casinos based on information\ncurrently available to management. Such forward-looking statements include,\nbut are not limited to, statements regarding the potential for our portfolio\nof casinos, the strategic review process and the potential sale of our Poland\noperations, projects in development and other opportunities, our credit\nagreement with Goldman and obligations under our Master Lease and our ability\nto repay our debt and other obligations, outcomes of legal proceedings,\nchanges in our tax provisions or exposure to additional income tax\nliabilities, impairments, and plans for our casinos and our Company including\nexpectations regarding Adjusted EBITDAR and cash flow in 2026, improved\nperformance at the Nugget and in Poland, and other estimates, forecasts and\nexpectations regarding 2026 and later results, and any other statements that\nare not purely historical. Such forward-looking statements are subject to\nrisks, uncertainties and other factors that could cause actual results to\ndiffer materially from future results expressed or implied by such\nforward-looking statements. Important factors that could cause actual results\nto differ materially from the forward-looking statements include, among\nothers, the risks described in the section entitled \"Risk Factors\" under Item\n1A in our Annual Report on Form 10-K for the year ended December 31, 2025 and\nour Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, and in\nsubsequent periodic and current SEC filings we may make. Century Casinos\ndisclaims any obligation to revise or update any forward-looking statement\nthat may be made from time to time by it or on its behalf.\n\n \n\nView original content to download\nmultimedia:https://www.prnewswire.co.uk/news-releases/century-casinos-inc-announces-second-quarter-2026-results-302845539.html\n\n\n\nPeter Hoetzinger, CO-CEO and President, Landline: +1-719-689-5813, Mobile: +43 664 355 3935, Peter.Hoetzinger@cnty.com\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS473563/century-casinos2024.jpg?id=OA2834264\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPrejqYm7a","title":"Century Casinos, Inc. Announces Second Quarter 2026 Results","author":"PR Newswire","ticker":"CNTY","created":"2026-08-07T10:00:01.999Z","tickers":["CNTY"],"exchange":"NASDAQ","article_body":"Century Casinos, Inc. Announces Second Quarter 2026 Results\nPR Newswire\n\nCOLORADO SPRINGS, Colo., Aug. 7, 2026\n\nAll-Time Record Q2 Net Operating Revenue and Adjusted EBITDAR, Driven by\nStrong Performance in North America. \n\nCOLORADO SPRINGS, Colo., Aug. 7, 2026 /PRNewswire/ -- Century Casinos, Inc.\n(the \"Company\", \"we\", \"us\", or \"our\") (Nasdaq Capital Market®: CNTY) today\nannounced its financial results for the three and six months ended June 30,\n2026.\n\n\n\nSecond Quarter 2026 Highlights*\nCompared to the three months ended June 30, 2025:\n* Net operating revenue was $152.0 million, an increase of 1%.\n* Earnings from operations was $17.2 million, an increase of 4%.\n* Net loss attributable to Century Casinos, Inc. shareholders was ($10.9)\nmillion, a change of 11%, and net loss per share was ($0.39).\n* Adjusted EBITDAR** was $31.7 million, an increase of 5%.\nHighlights of our US West Segment compared to the three months ended June 30,\n2025*:\n* Net operating revenue was $23.4 million, an increase of 16%.\n* Net loss attributable to Century Casinos, Inc. shareholders was ($0.7)\nmillion, a 75% improvement.\n* Adjusted EBITDAR** was $4.5 million, a 93% increase.\n\"We are very pleased with the results of our North American operations during\nthe second quarter, driven by a strong performance at the Nugget, in the US\nWest reportable segment, as well as in the US Midwest reportable segment,\nwhich includes our Missouri and Colorado properties. The Nugget's Adjusted\nEBITDAR** grew an additional 93%, after growing by 93% in the first quarter,\nand we will continue to work diligently at the property to continue this\nperformance throughout 2026 and beyond. Unfortunately, the results in North\nAmerica were negatively impacted by Poland, which continued to underperform\ndue, in part, to low table hold in June 2026. However, we are seeing some\nsigns of improvement in Poland that should lead to better results over the\nnext several quarters,\" Erwin Haitzmann and Peter Hoetzinger, Co-Chief\nExecutive Officers of Century Casinos, remarked.\n\nRESULTS\n\nThe consolidated results for the three and six months ended June 30, 2026 and\n2025 are as follows:\n\n For the three months For the six months \n Amounts in thousands, except per share data ended June 30, % ended June 30, % \n Consolidated Results: 2026 2025 Change 2026 2025 Change \n Net operating revenue $ 151,995 $ 150,818 1 % $ 289,234 $ 281,261 3 % \n Earnings from operations 17,180 16,575 4 % 28,941 23,715 22 % \n Net loss attributable to Century $ (10,910) $ (12,309) 11 % $ (27,414) $ (32,922) 17 % \n Casinos, Inc. shareholders \n \n Adjusted EBITDAR** $ 31,660 $ 30,304 5 % $ 56,599 $ 50,459 12 % \n \n Net loss per share attributable to Century Casinos, Inc. shareholders: \n Basic $ (0.39) $ (0.40) 3 % $ (0.96) $ (1.08) 11 % \n Diluted $ (0.39) $ (0.40) 3 % $ (0.96) $ (1.08) 11 % \n\nRESULTS BY REPORTABLE SEGMENT*\n\nFollowing is a summary of the changes in net operating revenue by reportable\nsegment for the three and six months ended June 30, 2026, compared to the\nthree and six months ended June 30, 2025:\n\n Net Operating Revenue \n For the three months For the six months \n Amounts in ended June 30, $ % ended June 30, $ % \n thousands 2026 2025 Change Change 2026 2025 Change Change \n US East $ 43,576 $ 44,556 $ (980) (2 %) $ 82,505 $ 81,690 $ 815 1 % \n US Midwest 44,680 41,374 3,306 8 % 86,487 81,128 5,359 7 % \n US West 23,378 20,174 3,204 16 % 40,446 36,583 3,863 11 % \n Canada 20,439 20,005 434 2 % 38,762 36,521 2,241 6 % \n Poland 19,922 24,709 (4,787) (19 %) 41,034 45,339 (4,305) (10 %) \n Consolidated $ 151,995 $ 150,818 $ 1,177 1 % $ 289,234 $ 281,261 $ 7,973 3 % \n\nFollowing is a summary of the changes in earnings (loss) from operations by\nreportable segment for the three and six months ended June 30, 2026, compared\nto the three and six months ended June 30, 2025:\n\n Earnings (Loss) from Operations \n For the three months For the six months \n Amounts in ended June 30, $ % ended June 30, $ % \n thousands 2026 2025 Change Change 2026 2025 Change Change \n US East $ 3,785 $ 4,083 $ (298) (7 %) $ 5,268 $ 4,520 $ 748 17 % \n US Midwest 12,870 11,624 1,246 11 % 24,684 21,201 3,483 16 % \n US West 1,109 (978) 2,087 213 % (881) (3,645) 2,764 76 % \n Canada 5,019 4,533 486 11 % 9,300 7,894 1,406 18 % \n Poland (659) 464 (1,123) (242 %) (838) 355 (1,193) (336 %) \n Other ((1)) (4,944) (3,151) (1,793) (57 %) (8,592) (6,610) (1,982) (30 %) \n Consolidated $ 17,180 $ 16,575 $ 605 4 % $ 28,941 $ 23,715 $ 5,226 22 % \n\n \n (1) Represents additional business activities including certain other corporate and management operations that are not included in the Company's reportable segments. Information is presented for reconciliation purposes. \n\nFollowing is a summary of the changes in net (loss) earnings attributable to\nCentury Casinos, Inc. shareholders by reportable segment for the three and\nsix months ended June 30, 2026, compared to the three and six months ended\nJune 30, 2025:\n\n Net (Loss) Earnings Attributable to Century Casinos, Inc. Shareholders \n For the three months For the six months \n Amounts in ended June 30, $ % ended June 30, $ % \n thousands 2026 2025 Change Change 2026 2025 Change Change \n US East $ (2,862) $ (2,263) $ (599) (27 %) $ (8,017) $ (8,463) $ 446 5 % \n US Midwest 6,023 4,640 1,383 30 % 10,966 7,747 3,219 42 % \n US West (708) (2,864) 2,156 75 % (4,532) (7,314) 2,782 38 % \n Canada 1,145 599 546 91 % 1,699 533 1,166 219 % \n Poland (528) 245 (773) (316 %) (835) 81 (916) (1131 %) \n Other ((1)) (13,980) (12,666) (1,314) (10 %) (26,695) (25,506) (1,189) (5 %) \n Consolidated $ (10,910) $ (12,309) $ 1,399 11 % $ (27,414) $ (32,922) $ 5,508 17 % \n\n \n (1) Represents additional business activities including certain other corporate and management operations that are not included in the Company's reportable segments. Information is presented for reconciliation purposes. \n\nItems deducted from or added to earnings (loss) from operations to arrive at\nnet (loss) earnings attributable to Century Casinos, Inc. shareholders\ninclude interest income, interest expense, gains (losses) on foreign currency\ntransactions and other, income tax (benefit) expense, and non-controlling\ninterests.\n\nFollowing is a summary of the changes in Adjusted EBITDAR** by reportable\nsegment for the three and six months ended June 30, 2026 compared to the three\nand six months ended June 30, 2025:\n\n Adjusted EBITDAR** \n For the three months For the six months \n Amounts in ended June 30, $ % ended June 30, $ % \n thousands 2026 2025 Change Change 2026 2025 Change Change \n US East $ 7,654 $ 7,903 $ (249) (3 %) $ 13,037 $ 12,143 $ 894 7 % \n US Midwest 16,689 15,452 1,237 8 % 32,337 28,890 3,447 12 % \n US West 4,508 2,338 2,170 93 % 5,902 3,059 2,843 93 % \n Canada 6,220 5,607 613 11 % 11,703 9,967 1,736 17 % \n Poland 52 1,942 (1,890) (97 %) 555 2,488 (1,933) (78 %) \n Other ((1)) (3,463) (2,938) (525) (18 %) (6,935) (6,088) (847) (14 %) \n Consolidated $ 31,660 $ 30,304 $ 1,356 5 % $ 56,599 $ 50,459 $ 6,140 12 % \n\n \n (1) Represents additional business activities including certain other corporate and management operations that are not included in the Company's reportable segments. Information is presented for reconciliation purposes. \n\nBALANCE SHEET AND LIQUIDITY\n\nAs of June 30, 2026, the Company had $60.2 million in cash and cash\nequivalents compared to $68.9 million in cash and cash equivalents at December\n31, 2025. As of June 30, 2026, the Company had $336.5 million in outstanding\ndebt compared to $337.7 million in outstanding debt at December 31, 2025. The\noutstanding debt as of June 30, 2026 included $331.6 million related to a term\nloan under the Company's credit agreement with Goldman Sachs Bank USA\n(\"Goldman\"), $0.9 million under a credit agreement related to Casinos Poland\n(\"CPL\") and $3.9 million under a revolving credit facility related to CPL. The\nCompany also has a revolving line of credit with Goldman of up to $30.0\nmillion. If the Company has aggregate outstanding revolving loans, swingline\nloans and letters of credit greater than $10.5 million under the credit\nagreement with Goldman as of the last day of any fiscal quarter, it is\nrequired to maintain a Consolidated First Lien Net Leverage Ratio of 5.50 to\n1.00 or less for such fiscal quarter. As of June 30, 2026, the Consolidated\nFirst Lien Net Leverage Ratio exceeded 5.50 to 1.00, but the Company had no\noutstanding revolving loans, swingline loans or letters of credit under the\ncredit agreement with Goldman. The Company also has a $708.0 million long-term\nfinancing obligation under its master lease with subsidiaries of VICI\nProperties, Inc. (\"Master Lease\").\n\nCONFERENCE CALL INFORMATION\n\nToday the Company will post a copy of its quarterly report on Form 10-Q filed\nwith the SEC for the quarter ended June 30, 2026 on its website at\nwww.cnty.com/investor/financials/sec-filings/. The Company will also post its\ncurrent presentation, which may be used in one or more meetings with current\nand potential investors from time to time, at the Company's website under\nwww.cnty.com/investor/presentations/.\n\nThe Company will host its second quarter 2026 earnings conference call today,\nFriday, August 7, 2026 at 10:00 am EDT / 8:00 am MDT. U.S. domestic\nparticipants should dial 888-999-6281. For all international participants,\nplease use 848-280-6550 to dial-in. The conference ID is 'Casinos'.\nParticipants may listen to the call live at\nhttps://app.webinar.net/5PAjQGDaNEk or obtain a recording of the call on the\nCompany's website until August 31, 2026 at\nwww.cnty.com/investor/financials/financial-results/.\n\n* Amounts presented are rounded. As such, rounding differences could occur in\nperiod over period changes and percentages reported.\n\n** Adjusted EBITDAR and Adjusted EBITDAR margin are Non-US GAAP financial\nmeasures. See discussion and reconciliation of Non-US GAAP financial measures\nin Supplemental Information below.\n\n CENTURY CASINOS, INC. AND SUBSIDIARIES UNAUDITED FINANCIAL INFORMATION – US GAAP BASIS \n Condensed Consolidated Statements of Loss \n \n For the three months For the six months \n ended June 30, ended June 30, \n Amounts in thousands, except for share information 2026 2025 2026 2025 \n Operating revenue: \n Net operating revenue $ 151,995 $ 150,818 $ 289,234 $ 281,261 \n Operating costs and expenses: \n Total operating costs and expenses 134,815 134,243 260,293 257,546 \n Earnings from operations 17,180 16,575 28,941 23,715 \n Non-operating (expense) income, net (25,860) (24,898) (51,496) (50,435) \n Loss before income taxes (8,680) (8,323) (22,555) (26,720) \n Income tax expense (625) (1,250) (1,534) (1,732) \n Net loss (9,305) (9,573) (24,089) (28,452) \n Net earnings attributable to non-controlling interests (1,605) (2,736) (3,325) (4,470) \n Net loss attributable to Century Casinos, Inc. $ (10,910) $ (12,309) $ (27,414) $ (32,922) \n shareholders \n \n Net loss per share attributable to Century Casinos, Inc. shareholders: \n Basic $ (0.39) $ (0.40) $ (0.96) $ (1.08) \n Diluted $ (0.39) $ (0.40) $ (0.96) $ (1.08) \n \n Weighted average common shares \n Basic 28,195 30,565 28,413 30,624 \n Diluted 28,195 30,565 28,413 30,624 \n\n \n\n Condensed Consolidated Balance Sheets \n \n June 30, December 31, \n Amounts in thousands 2026 2025 \n Assets \n Current assets $ 92,647 $ 104,072 \n Property and equipment, net 882,052 902,756 \n Other assets 130,505 140,443 \n Total assets $ 1,105,204 $ 1,147,271 \n \n Liabilities and (Deficit) Equity \n Current liabilities $ 77,633 $ 79,780 \n Non-current liabilities 1,063,117 1,074,273 \n Century Casinos, Inc. shareholders' (deficit) equity (125,671) (97,697) \n Non-controlling interests 90,125 90,915 \n Total liabilities and (deficit) equity $ 1,105,204 $ 1,147,271 \n\n \n\n CENTURY CASINOS, INC. AND SUBSIDIARIES UNAUDITED SUPPLEMENTAL INFORMATION \n Reconciliation of Adjusted EBITDAR* to Net (Loss) Earnings Attributable to Century Casinos, Inc. Shareholders by Reportable Segment. \n \n For the three months ended June 30, 2026 \n Amounts in thousands US US US Canada Poland Other ((1)) Total North \n East Midwest West America \n Total \n Net (loss) earnings $ (2,862) $ 6,023 $ (708) $ 1,145 $ (528) $ (13,980) $ (10,910) $ 3,598 \n attributable to Century \n Casinos, Inc. shareholders \n Interest income — — — (41) (1) (43) (85) (41) \n Interest expense ((2)) 6,641 6,784 — 3,475 68 8,969 25,937 16,900 \n Income tax expense — 59 — 440 23 103 625 499 \n Depreciation and amortization 3,869 3,819 3,394 1,201 711 20 13,014 12,283 \n Net earnings (loss) — — 1,815 53 (263) — 1,605 1,868 \n attributable to non-controlling \n interests \n Non-cash stock-based — — — — — 211 211 — \n compensation \n Loss (gain) on foreign — — 5 (55) 34 7 (9) (50) \n currency transactions, cost \n recovery income and other \n Loss on disposition of fixed 6 4 2 2 8 — 22 14 \n assets \n Pre-opening and termination — — — — — 1,250 1,250 — \n expenses \n Adjusted EBITDAR $ 7,654 $ 16,689 $ 4,508 $ 6,220 $ 52 $ (3,463) $ 31,660 $ 35,071 \n\n \n (1) Represents additional business activities including certain other corporate and management operations that are not included in our reportable segments. Information is presented for reconciliation purposes. \n (2) See \"Summary of Interest Expense\" below for a breakdown of interest expense and \"Cash Rent Payments\" below for more information on the rent payments related to the Master Lease. \n\n \n\n CENTURY CASINOS, INC. AND SUBSIDIARIES UNAUDITED SUPPLEMENTAL INFORMATION \n Reconciliation of Adjusted EBITDAR* to Net (Loss) Earnings Attributable to Century Casinos, Inc. Shareholders by Reportable Segment. \n \n For the three months ended June 30, 2025 \n Amounts in thousands US US US Canada Poland Other ((1)) Total North \n East Midwest West America \n Total \n Net (loss) earnings $ (2,263) $ 4,640 $ (2,864) $ 599 $ 245 $ (12,666) $ (12,309) $ 112 \n attributable to Century \n Casinos, Inc. shareholders \n Interest income — (3) — (91) (3) (176) (273) (94) \n Interest expense ((2)) 6,344 6,741 — 3,429 52 9,645 26,211 16,514 \n Income tax expense — 223 — 748 241 38 1,250 971 \n Depreciation and amortization 3,821 3,828 3,361 1,074 741 18 12,843 12,084 \n Net earnings — — 1,840 772 124 — 2,736 2,612 \n attributable to non-controlling \n interests \n Non-cash stock-based — — — — — 195 195 — \n compensation \n (Gain) loss on foreign — — — (922) (210) 8 (1,124) (922) \n currency transactions, cost \n recovery income and other ((3)) \n Loss (gain) on disposition of 1 23 1 (2) 11 — 34 23 \n fixed assets \n Pre-opening and termination — — — — 741 — 741 — \n expenses \n Adjusted EBITDAR $ 7,903 $ 15,452 $ 2,338 $ 5,607 $ 1,942 $ (2,938) $ 30,304 $ 31,300 \n\n \n (1) Represents additional business activities including certain other corporate and management operations that are not included in our reportable segments. Information is presented for reconciliation purposes. \n (2) See \"Summary of Interest Expense\" below for a breakdown of interest expense and \"Cash Rent Payments\" below for more information on the rent payments related to the Master Lease. \n (3) Includes $1.0 million related to cost recovery income for CDR in the Canada segment. \n\n \n\n CENTURY CASINOS, INC. AND SUBSIDIARIES UNAUDITED SUPPLEMENTAL INFORMATION \n Reconciliation of Adjusted EBITDAR* to Net (Loss) Earnings Attributable to Century Casinos, Inc. Shareholders by Reportable Segment. \n \n For the six months ended June 30, 2026 \n Amounts in thousands US US US Canada Poland Other ((1)) Total \n East Midwest West \n Net (loss) earnings attributable to $ (8,017) $ 10,966 $ (4,532) $ 1,699 $ (835) $ (26,695) $ (27,414) \n Century Casinos, Inc. \n shareholders \n Interest income — — — (90) (5) (126) (221) \n Interest expense ((2)) 13,275 13,602 — 6,976 129 17,900 51,882 \n Income tax expense — 108 — 677 430 319 1,534 \n Depreciation and amortization 7,769 7,653 6,778 2,403 1,393 35 26,031 \n Net earnings (loss) attributable to — — 3,648 94 (417) — 3,325 \n non-controlling interests \n Non-cash stock-based — — — — — 372 372 \n compensation \n Loss (gain) on foreign currency — — 5 (59) (157) 10 (201) \n transactions, cost recovery \n income and other \n Loss on disposition of fixed 10 8 3 3 17 — 41 \n assets \n Pre-opening and termination — — — — — 1,250 1,250 \n expenses \n Adjusted EBITDAR $ 13,037 $ 32,337 $ 5,902 $ 11,703 $ 555 $ (6,935) $ 56,599 \n\n \n (1) Represents additional business activities including certain other corporate and management operations that are not included in our reportable segments. Information is presented for reconciliation purposes. \n (2) See \"Summary of Interest Expense\" below for a breakdown of interest expense and \"Cash Rent Payments\" below for more information on the rent payments related to the Master Lease. \n\n \n\n CENTURY CASINOS, INC. AND SUBSIDIARIES UNAUDITED SUPPLEMENTAL INFORMATION \n Reconciliation of Adjusted EBITDAR* to Net (Loss) Earnings Attributable to Century Casinos, Inc. Shareholders by Reportable Segment. \n \n For the six months ended June 30, 2025 \n Amounts in thousands US US US Canada Poland Other ((1)) Total \n East Midwest West \n Net (loss) earnings attributable to $ (8,463) $ 7,747 $ (7,314) $ 533 $ 81 $ (25,506) $ (32,922) \n Century Casinos, Inc. \n shareholders \n Interest income — (12) — (183) (11) (447) (653) \n Interest expense ((2)) 12,981 13,220 — 6,729 102 19,215 52,247 \n Income tax expense — 223 — 964 331 214 1,732 \n Depreciation and amortization 7,623 7,689 6,704 2,073 1,111 36 25,236 \n Net earnings attributable to — — 3,623 805 42 — 4,470 \n non-controlling interests \n Non-cash stock-based — — — — — 486 486 \n compensation \n Gain on foreign currency — — — (952) (205) (86) (1,243) \n transactions, cost recovery \n income and other ((3)) \n Loss (gain) on disposition of fixed 2 23 46 (2) 15 — 84 \n assets \n Pre-opening and termination — — — — 1,022 — 1,022 \n expenses \n Adjusted EBITDAR $ 12,143 $ 28,890 $ 3,059 $ 9,967 $ 2,488 $ (6,088) $ 50,459 \n\n \n (1) Represents additional business activities including certain other corporate and management operations that are not included in our reportable segments. Information is presented for reconciliation purposes. \n (2) See \"Summary of Interest Expense\" below for a breakdown of interest expense and \"Cash Rent Payments\" below for more information on the rent payments related to the Master Lease. \n (3) Includes $1.0 million related to cost recovery income for CDR in the Canada segment. \n\n \n\n CENTURY CASINOS, INC. AND SUBSIDIARIES UNAUDITED SUPPLEMENTAL INFORMATION \n Net Earnings (Loss) Margins** and Adjusted EBITDAR Margins*** \n \n For the three months For the six months \n ended June 30, ended June 30, \n 2026 2025 2026 2025 \n US East Net Operating Revenue $ 43,576 $ 44,556 $ 82,505 $ 81,690 \n Net Earnings (Loss) Margin (7 %) (5 %) (10 %) (10 %) \n Adjusted EBITDAR Margin 18 % 18 % 16 % 15 % \n US Midwest Net Operating Revenue $ 44,680 $ 41,374 $ 86,487 $ 81,128 \n Net Earnings (Loss) Margin 13 % 11 % 13 % 10 % \n Adjusted EBITDAR Margin 37 % 37 % 37 % 36 % \n US West Net Operating Revenue $ 23,378 $ 20,174 $ 40,446 $ 36,583 \n Net Earnings (Loss) Margin (3 %) (14 %) (11 %) (20 %) \n Adjusted EBITDAR Margin 19 % 12 % 15 % 8 % \n Canada Net Operating Revenue $ 20,439 $ 20,005 $ 38,762 $ 36,521 \n Net Earnings (Loss) Margin 6 % 3 % 4 % 1 % \n Adjusted EBITDAR Margin 30 % 28 % 30 % 27 % \n Poland Net Operating Revenue $ 19,922 $ 24,709 $ 41,034 $ 45,339 \n Net Earnings (Loss) Margin (3 %) 1 % (2 %) — \n Adjusted EBITDAR Margin — 8 % 1 % 5 % \n Other ((1)) Net Operating Revenue $ — $ — $ — $ — \n Net Earnings (Loss) Margin NM ((2)) NM NM NM \n Adjusted EBITDAR Margin NM NM NM NM \n Consolidated Net Operating Revenue $ 151,995 $ 150,818 $ 289,234 $ 281,261 \n Net Earnings (Loss) Margin (7 %) (8 %) (9 %) (12 %) \n Adjusted EBITDAR Margin 21 % 20 % 20 % 18 % \n\n \n (1) Represents additional business activities including certain other corporate and management operations that are not included in our reportable segments. Information is presented for reconciliation purposes. \n (2) Not meaningful. \n\n \n\n Summary of Interest Expense \n \n For the three months For the six months \n ended June 30, ended June 30, \n Amounts in thousands 2026 2025 2026 2025 \n Interest expense - Credit Agreements 8,195 8,864 16,350 17,656 \n Interest expense - Master Lease Financing Obligation 16,887 16,494 33,827 32,896 \n Interest expense - Deferred Financing Costs 674 674 1,348 1,348 \n Interest expense - Miscellaneous 181 179 357 347 \n Interest expense $ 25,937 $ 26,211 $ 51,882 $ 52,247 \n Cash Rent Payments \n \n For the three months For the six months \n ended June 30, ended June 30, \n Amounts in thousands 2026 2025 2026 2025 \n Master Lease $ 17,376 $ 14,404 $ 35,451 $ 28,731 \n Nugget Lease ((1)) 2,018 1,936 4,023 3,849 \n\n \n (1) Represents payments with respect to the 50% interest in the Nugget Lease owned by Marnell Gaming, LLC through Smooth Bourbon, LLC, a 50% owned subsidiary of the Company that owns the real estate assets underlying the Nugget Casino Resort. \n\n \n\n CENTURY CASINOS, INC. AND SUBSIDIARIES UNAUDITED SUPPLEMENTAL INFORMATION \n The table below shows the Company's reporting units and operating segments that are included in each of \n the Company's reportable segments as of June 30, 2026. \n \n Reportable Segment and Reporting Unit \n Operating Segment \n US East Mountaineer Casino, Resort & Races \n Rocky Gap Casino, Resort & Golf \n US Midwest Century Casino & Hotel Central City \n Century Casino & Hotel Cripple Creek \n Century Casino & Hotel Cape Girardeau and The Riverview \n Century Casino & Hotel Caruthersville and The Farmstead \n US West Nugget Casino Resort and Smooth Bourbon, LLC \n Canada Century Casino & Hotel Edmonton \n Century Casino St. Albert \n Century Mile Racetrack and Casino \n Century Downs Racetrack and Casino \n Poland Casinos Poland \n\n* We define Adjusted EBITDAR as net (loss) earnings attributable to Century\nCasinos, Inc. shareholders before interest expense (income), net, income taxes\n(benefit), depreciation, amortization, non-controlling interests net earnings\n(losses) and transactions, pre-opening expenses, termination expenses,\nacquisition costs, non-cash stock-based compensation charges, asset impairment\ncosts, loss (gain) on disposition of fixed assets, discontinued operations,\n(gain) loss on foreign currency transactions, cost recovery income and other,\ngain on business combination and certain other one-time transactions. The\nMaster Lease is accounted for as a financing obligation. As such, a portion of\nthe periodic payment under the Master Lease is recognized as interest expense\nwith the remainder of the payment impacting the financing obligation using the\neffective interest method. Intercompany transactions consisting primarily of\nmanagement and royalty fees and interest, along with their related tax\neffects, are excluded from the presentation of net (loss) earnings\nattributable to Century Casinos, Inc. shareholders and Adjusted EBITDAR\nreported for each segment. Not all of the aforementioned items occur in each\nreporting period, but have been included in the definition based on historical\nactivity. These adjustments have no effect on the consolidated results as\nreported under US GAAP.\n\nAdjusted EBITDAR is used outside of our financial statements solely as a\nvaluation metric and is not considered a measure of performance recognized\nunder US GAAP. Adjusted EBITDAR is an additional metric used by analysts in\nvaluing gaming companies subject to triple net leases such as our Master Lease\nsince it eliminates the effects of variability in leasing methods and capital\nstructures. This metric is included as supplemental disclosure because (i) we\nbelieve Adjusted EBITDAR is used by gaming operator analysts and investors to\ndetermine the equity value of gaming operators and (ii) financial analysts\nrefer to Adjusted EBITDAR when valuing our business. We believe Adjusted\nEBITDAR is useful for equity valuation purposes because (i) its calculation\nisolates the effects of financing real estate, and (ii) using a multiple of\nAdjusted EBITDAR to calculate enterprise value allows for an adjustment to the\nbalance sheet to recognize estimated liabilities arising from operating leases\nrelated to real estate.\n\nAdjusted EBITDAR should not be construed as an alternative to net (loss)\nearnings attributable to Century Casinos, Inc. shareholders, the most directly\ncomparable US GAAP measure, as indicators of our performance. In addition,\nconsolidated Adjusted EBITDAR also should not be viewed as a measure of\noverall operating performance or considered in isolation or as an alternative\nto net (loss) earnings attributable to Century Casinos, Inc. shareholders,\nbecause it excludes the rent expense associated with our Master Lease and\nseveral other items. Adjusted EBITDAR as used by us may not be defined in the\nsame manner as other companies in our industry, and, as a result, may not be\ncomparable to similarly titled non-US GAAP financial measures of other\ncompanies.\n\nCENTURY CASINOS, INC. AND SUBSIDIARIES\nUNAUDITED SUPPLEMENTAL INFORMATION\n\n** We define net earnings (loss) margin as net (loss) earnings attributable\nto Century Casinos, Inc. shareholders divided by net operating revenue.\n\n*** We define Adjusted EBITDAR margin as Adjusted EBITDAR divided by net\noperating revenue. Adjusted EBITDAR margins are a non-US GAAP measure.\nManagement uses these margins as one of several measures to evaluate the\nefficiency of our casino operations.\n\nABOUT CENTURY CASINOS, INC.:\n\nCentury Casinos, Inc. is a casino entertainment company. The Company operates\nthe following reportable segments: (i) US East includes the Mountaineer\nCasino, Resort & Races in New Cumberland, West Virginia and Rocky Gap Casino,\nResort & Golf in Flintstone, Maryland; (ii) US Midwest includes the Century\nCasinos & Hotels in Cape Girardeau and Caruthersville, Missouri, and in\nCripple Creek and Central City, Colorado; (iii) US West includes the Nugget\nCasino Resort in Reno-Sparks, Nevada; (iv) Canada includes Century Casino &\nHotel in Edmonton, the Century Casino in St. Albert, Century Mile Racetrack\nand Casino in Edmonton, Alberta and Century Downs Racetrack and Casino in\nCalgary, Alberta; and (v) Poland, where the Company operates six casinos\nthrough its subsidiary Casinos Poland Ltd. The Company continues to pursue\nother projects in various stages of development.\n\nCentury Casinos' common stock trades on The Nasdaq Capital Market® under the\nsymbol CNTY. For more information about Century Casinos, visit our website at\nwww.cnty.com.\n\nFORWARD-LOOKING STATEMENTS, BUSINESS ENVIRONMENT AND RISK FACTORS\n\nThis release may contain \"forward-looking statements\" within the meaning of\nSection 27A of the Securities Act of 1933, as amended, Section 21E of the\nSecurities Exchange Act of 1934, as amended, and the Private Securities\nLitigation Reform Act of 1995. These statements are based on the beliefs and\nassumptions of the management of Century Casinos based on information\ncurrently available to management. Such forward-looking statements include,\nbut are not limited to, statements regarding the potential for our portfolio\nof casinos, the strategic review process and the potential sale of our Poland\noperations, projects in development and other opportunities, our credit\nagreement with Goldman and obligations under our Master Lease and our ability\nto repay our debt and other obligations, outcomes of legal proceedings,\nchanges in our tax provisions or exposure to additional income tax\nliabilities, impairments, and plans for our casinos and our Company including\nexpectations regarding Adjusted EBITDAR and cash flow in 2026, improved\nperformance at the Nugget and in Poland, and other estimates, forecasts and\nexpectations regarding 2026 and later results, and any other statements that\nare not purely historical. Such forward-looking statements are subject to\nrisks, uncertainties and other factors that could cause actual results to\ndiffer materially from future results expressed or implied by such\nforward-looking statements. Important factors that could cause actual results\nto differ materially from the forward-looking statements include, among\nothers, the risks described in the section entitled \"Risk Factors\" under Item\n1A in our Annual Report on Form 10-K for the year ended December 31, 2025 and\nour Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, and in\nsubsequent periodic and current SEC filings we may make. Century Casinos\ndisclaims any obligation to revise or update any forward-looking statement\nthat may be made from time to time by it or on its behalf.\n\n \n\nView original content to download\nmultimedia:https://www.prnewswire.co.uk/news-releases/century-casinos-inc-announces-second-quarter-2026-results-302845539.html\n\n\n\nPeter Hoetzinger, CO-CEO and President, Landline: +1-719-689-5813, Mobile: +43 664 355 3935, Peter.Hoetzinger@cnty.com\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS473563/century-casinos2024.jpg?id=OA2834264\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-08-07T10:00:02.122112448Z","server_sent_at_ms":1786096802122},"received_at":"2026-08-07T10:00:02.272Z","source_url":null},"analysis":{"id":"101577","press_release_id":"112573","analysis_json":{"industry":{"label":"Hotels, Restaurants & Leisure","sector":"Consumer Discretionary"},"redFlags":["Poland segment revenue declined 19% year-over-year","Net loss of $10.9 million despite record revenue and Adjusted EBITDAR","Consolidated First Lien Net Leverage Ratio exceeded 5.50 to 1.00 (covenant trigger avoided by zero revolver usage)"],"eventType":"earnings","narrative":"Century Casinos reported record Q2 net operating revenue of $152.0 million, up 1% year-over-year, alongside a 5% increase in Adjusted EBITDAR to $31.7 million.\n\nNorth American operations drove the growth, with the US West segment's Adjusted EBITDAR surging 93%, though this was partially offset by a 19% revenue decline in Poland due to low table hold.\n\nThe company posted a net loss of $10.9 million, or $0.39 per share, and ended the quarter with $60.2 million in cash against $336.5 million in outstanding debt.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Operational records set in North America overshadowed by financing losses and Poland weakness."},"keyFigures":{"revenue":"$152.0 million","revenueYoy":"1%","customDimensions":{"cash":"$60.2 million","debt":"$336.5 million","adjusted_ebitdar":"$31.7 million"}},"quotedText":"We are very pleased with the results of our North American operations during the second quarter, driven by a strong performance at the Nugget, in the US West reportable segment, as well as in the US Midwest reportable segment, which includes our Missouri and Colorado properties.","namedEntities":{"people":[{"name":"Erwin Haitzmann","role":"Co-Chief Executive Officer"},{"name":"Peter Hoetzinger","role":"Co-Chief Executive Officer"}],"products":["Nugget Casino Resort"],"companies":[{"name":"Century Casinos, Inc.","ticker":"CNTY"},{"name":"Goldman Sachs Bank USA","ticker":"GS","relationship":"lender"},{"name":"VICI Properties, Inc.","ticker":"VICI","relationship":"lessor"},{"name":"Casinos Poland","ticker":"","relationship":"subsidiary"}],"dollarAmounts":[{"amount":"$152.0 million","context":"Q2 Net operating revenue"},{"amount":"$31.7 million","context":"Q2 Adjusted EBITDAR"},{"amount":"$10.9 million","context":"Q2 Net loss attributable to shareholders"},{"amount":"$60.2 million","context":"Cash and cash equivalents as of June 30, 2026"},{"amount":"$336.5 million","context":"Outstanding debt as of June 30, 2026"},{"amount":"$708.0 million","context":"Long-term financing obligation under master lease with VICI"}]},"materialImpact":{"score":3,"reasoning":"Record Q2 revenue and Adjusted EBITDAR demonstrate operational strength, but results are mixed by a significant decline in the Poland segment and a persistent net loss driven by financing costs."},"tickerRelevance":{"others":[{"ticker":"VICI","relevance":"lessor"},{"ticker":"GS","relevance":"lender"}],"primary":"CNTY"},"globalImportance":20,"audienceRelevance":25,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-cap","records_set":true,"eventGravity":"quarterly_earnings","geographic_mix":"North America and Europe"}},"event_type":"earnings","event_type_secondary":null,"sentiment":"neutral","material_impact_score":3,"narrative":"Century Casinos reported record Q2 net operating revenue of $152.0 million, up 1% year-over-year, alongside a 5% increase in Adjusted EBITDAR to $31.7 million.\n\nNorth American operations drove the growth, with the US West segment's Adjusted EBITDAR surging 93%, though this was partially offset by a 19% revenue decline in Poland due to low table hold.\n\nThe company posted a net loss of $10.9 million, or $0.39 per share, and ended the quarter with $60.2 million in cash against $336.5 million in outstanding debt.","key_figures":{"revenue":"$152.0 million","revenueYoy":"1%","customDimensions":{"cash":"$60.2 million","debt":"$336.5 million","adjusted_ebitdar":"$31.7 million"}},"named_entities":{"people":[{"name":"Erwin Haitzmann","role":"Co-Chief Executive Officer"},{"name":"Peter Hoetzinger","role":"Co-Chief Executive Officer"}],"products":["Nugget Casino Resort"],"companies":[{"name":"Century Casinos, Inc.","ticker":"CNTY"},{"name":"Goldman Sachs Bank USA","ticker":"GS","relationship":"lender"},{"name":"VICI Properties, Inc.","ticker":"VICI","relationship":"lessor"},{"name":"Casinos Poland","ticker":"","relationship":"subsidiary"}],"dollarAmounts":[{"amount":"$152.0 million","context":"Q2 Net operating revenue"},{"amount":"$31.7 million","context":"Q2 Adjusted EBITDAR"},{"amount":"$10.9 million","context":"Q2 Net loss attributable to shareholders"},{"amount":"$60.2 million","context":"Cash and cash equivalents as of June 30, 2026"},{"amount":"$336.5 million","context":"Outstanding debt as of June 30, 2026"},{"amount":"$708.0 million","context":"Long-term financing obligation under master lease with VICI"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-08-07T12:30:10.967Z","global_importance":20,"audience_relevance":25,"importance_components":{"tickerTier":"small-cap","records_set":true,"eventGravity":"quarterly_earnings","geographic_mix":"North America and Europe"}},"durationMs":183249,"modelName":"glm-4.7"}}