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Stock impact report

Century Casinos, Inc. Announces Second Quarter 2024 Results

Century Casinos, Inc. (CNTY) 
Last century casinos, inc. earnings: 3/13 06:00 am Check Earnings Report
Company Research Source: PR Newswire
Challenging First Half of the Year but Maintain Positive Outlook COLORADO SPRINGS, Colo., Aug. 8, 2024 /PRNewswire/ -- Century Casinos, Inc. (the "Company", "we", "us", or "our") (Nasdaq Capital Market®: CNTY) today announced its financial results for the three and six months ended June 30, 2024.Second Quarter 2024 Highlights*Compared to the three months ended June 30, 2023:Net operating revenue was $146.4 million, an increase of 7%.Earnings from operations were $14.3 million, a decrease of (23%).Net loss attributable to Century Casinos, Inc. shareholders was ($41.6) million and basic loss per share was ($1.36).Adjusted EBITDAR** was $27.4 million, a decrease of (6%)."Results for the second quarter of 2024 were impacted by a valuation allowance on our US deferred tax assets, a disappointing performance at the Nugget Casino Resort as well as temporary closures of two casinos in Poland. The Nugget has undergone a leadership change and is implementing right-sizing and cost-cutting initia Show less Read more
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