The following is a summary of the Century Casinos, Inc. (CNTY) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Century Casinos reported a net revenue of $156 million, down 3% from Q3 of the previous year.

• Adjusted EBITDAR was $32.9 million, a decrease of 1% from the previous year, but the EBITDAR margin slightly increased from 20.6% to 21.1%.

Business Progress:

• Newly opened land-based casino and hotel in Caruthersville, Missouri, had a strong start, showing signs of successful market acceptance.

• The opening of a new 300-room hotel in Colorado contributed to increased visitor volume leading to higher F&B sales and gaming activities.

• Progress in enhancing operational efficiencies across various properties, leading to positive revenue trends and improved profitability.

Opportunities:

• The recent openings in Poland and Caruthersville are expected to contribute significantly to improved financial performance in 2025.

• Plans to buy back stock, reflecting strong future cash flow expectations and financial health.

Risks:

• The temporary closure of a key casino in Poland led to a revenue decline, indicating sensitivity to operational disruptions.

• Elevated leverage from recent acquisitions and developments, though expected to reduce as new ventures stabilize.

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