Reports Q1 revenue $130.4M, consensus $139.55M.”We were able to maintain the Adjusted EBITDAR margin from the first quarter of 2024 despite decreased revenue from weather impacts throughout North America, one fewer operating day compared to 2024 and the loss of high margin sports betting revenue in Colorado. This is due primarily to successful cost cutting strategies at the Nugget, which generated positive Adjusted EBITDAR in what typically is the most challenging quarter for the property. We are also excited by the initial success of the new Caruthersville casino, which opened in November 2024,” Erwin Haitzmann and Peter Hoetzinger, Co-Chief Executive Officers of Century Casinos (CNTY) remarked. “We expect quarterly capital expenditures to decrease for the remainder of 2025 as we spent proportionally more in the first quarter. With overall capital expenditures substantially lower in 2025 due to the completion of our capital projects and properties such as Caruthersville open and operating, we anticipate cash generation and our cash position to improve during the remainder of 2025 and into 2026,” Messrs. Haitzmann and Hoetzinger concluded.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CNTY:
- Is CNTY a Buy, Before Earnings?
- Century Casinos management to meet virtually with Citizens JMP
- Century Casinos price target lowered to $4 from $5 at Stifel
- Century Casinos price target lowered to $4 from $5 at Citizens JMP
- Century Casinos Faces AI Integration Challenges: Potential Risks and Competitive Pressures
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue