Adjusted EBITDA reached $24.9m, a 36% increase from the fourth quarter of 2020. Earnings from operations were $16.4m, down 12% from the prior-year period, with net earnings attributable to the company’s shareholders down 41% to $4m.
Basic and diluted earnings per share for the period were $0.13.
For the year ended 31 December 2021, the group reported net operating revenue of $388.5m, a 28% increase from the prior-year period.
Earnings from operations amounted to $68.5m, while adjusted EBITDA was $97.9m, an increase of 102% from the prior-year period. Net earnings attributable to the group’s shareholders were $20.6m, while basic earnings per share were $0.70, with diluted earnings per share amounting to $0.66.
“We would like to thank our team members for the enthusiasm and flexibility they have shown this year as we navigated operational restrictions and continuing changes brought about by Covid-19,” said Erwin Haitzmann and Peter Hoetzinger, Co-Chief Executive Officers of Century Casinos.
“Despite major restrictions at our Canada properties throughout the fourth quarter, we finished the year with strong results.
“We look forward to 2022 and seeing the increased potential of our properties as most Covid-19 restrictions have now been lifted. We are also excited about our upcoming acquisition of the Nugget Casino Resort in Reno-Sparks, Nevada and the continued expansion of our US portfolio.”
