Century Casinos Q3: Revenue falls 1% to $153.7m, net loss of $10.5m

Century Casinos has released its financial results throughout the third quarter of 2025, as net operating revenue fell 1% to $153.7m and net loss grew 30% year-over-year to $10.5m, equating to a net loss per share of $0.35.

"We are pleased with the growth in the East and Midwest regions of the US. At the Nugget in the West region, we continue to focus on increasing local play and enhancing our concert and conference line up to improve results. Poland suffered from one-time costs associated with closing the Hilton Hotel casino," Century Casino Co-CEOs Erwin Haitzmann and Peter Hoetzinger said.

"Excluding Poland, third quarter Adjusted EBITDAR would have increased year over year. We look forward to opening the new Wroclaw casino early next year and for results to improve in Poland with no licensing disruptions for the next three years."

While both executives stated adjusted EBITDAR results could become favorable if Poland operations were excluded, the operator's adjusted EBITDAR for Q3 2025 was reported to be $31.1m, representing a fall of 6%. Earnings from operations totaled just over $17.1m for Q3 2025, but still decreased 4% from the prior year period.

US operations for Century Casinos generated $115m throughout the third quarter of 2025, equating to a fall of 2% year-over-year. Despite decreasing 33%, US facilities still managed to produce a $3.2m net income for Q3 2025, while adjusted EBITDA for the segment remained stagnant at $29.1m.

Century Casino properties in Canada reported a Q3 2025 revenue of $20.6m, representing the only increase year-over-year of any vertical, having risen 2%. Earnings from Canada operations totaled nearly $4.3m and grew 12%, while adjusted EBITDAR increased 11% to $5.4m.

While revenue and adjusted EBITDAR for the segment increased throughout Q3 2025, Canada facilities witnessed a 74% decrease in net income to approximately $297,000.

The operator generated $18.1m from properties located in Poland, equating to a decrease of 1%, while the segment also witnessed a $1.2m net loss for Q3 2025. Poland operations cost Century Casinos nearly $1.8m for Q3 2025, as adjusted EBITDAR fell 122% to a loss of $425,000.

In May 2025, Century Casinos signed a long-term agreement with BetMGM to bring the operator's sports wagering platform to players in Missouri, which is expected to debut its regulated online betting market in December.

Through the partnership, BetMGM will run its online and mobile sports betting app in Missouri under Century Casinos' state license with the Missouri Gaming Commission (MGC).

As a result of the partnership, BetMGM will pay a percentage of net gaming revenue to Century Casinos, including a guaranteed minimum, while retail operations will also be carried out at Century Casinos' discretion.