Published
Land-BasedCasinoFinancial

Century Casinos reports 27% increase in Q4 2021 revenue

Century Casinos Inc. has reported net operating revenue of $107.3m for the fourth quarter of 2021, a 27% increase from the prior-year period.

century casinos

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.”


Casino News Sponsor
Premium+ Connections
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Soft2Bet
Scientific Games
Digitain Malta
Follow Us

Facing Facts: Q3 2024 analysis

Gambling Insider takes a look at the Q3 results of operators...

Taking stock: The final count of 2024

Gambling Insider tracks operator and supplier prices of some...

CEO Special: Flutter CEO Peter Jackson – Playing to win

As the biggest publicly traded operator in gambling meets th...

CEO Special: Holland Casino CEO Petra de Ruiter – High flier

Petra de Ruiter, Holland Casino CEO, speaks to Gambling Insi...

A welcome from your host

A message from the Founder of the Global Gaming Awards and G...

From the event manager

A message from the Event Manager of the Global Gaming Awards...

From the Awards adjudicator

KPMG in the Crown Dependencies is the official voting adjudi...

The process

The Global Gaming Awards have deservingly earned the reputat...