Education
About Us
Working with TipRanks
Follow Us
Century Casinos (CNTY)
NASDAQ:CNTY
Top Page
Century Casinos
(NASDAQ:CNTY)
Select Model
Select Model
Rating:44Neutral
Price Target:
$1.50
▲(14.50% Upside)
Century Casinos faces significant financial challenges with declining revenues and high leverage, which heavily impact its overall score. Technical analysis indicates bearish momentum, and valuation metrics are poor due to ongoing losses. The earnings call provided some positive regional growth insights, but these are overshadowed by broader financial and operational difficulties.
Positive Factors
Regional Revenue Growth
The significant revenue growth in Missouri indicates successful regional strategies and potential for further market penetration, supporting long-term revenue stability.
Sports Betting Expansion
The introduction of sports betting in Missouri is expected to open new revenue streams, enhancing Century Casinos' market position and catering to evolving consumer preferences.
Operational Efficiency
Replacing live table games with electronic lounges has maintained revenue while reducing costs, showcasing effective cost management and operational efficiency.
Negative Factors
High Leverage
High leverage can limit financial flexibility and increase risk, potentially affecting the company's ability to invest in growth opportunities and manage economic downturns.
Declining Revenue
The decline in revenue growth reflects challenges in maintaining market share and competitiveness, which could undermine long-term financial health and investor confidence.
Profitability Challenges
Negative profit margins indicate ongoing profitability issues, which can strain cash flow and hinder the company's ability to reinvest in business operations and growth initiatives.
Century Casinos (CNTY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$38.57M
Dividend YieldN/A
Average Volume (3M)43.68K
Price to Earnings (P/E)―
Beta (1Y)1.11
Revenue Growth-1.57%
EPS Growth-80.41%
CountryUS
Employees3,181
SectorConsumer Cyclical
Sector Strength84
IndustryGambling, Resorts & Casinos
Share Statistics
EPS (TTM)-0.35
Shares Outstanding29,445,057
10 Day Avg. Volume47,848
30 Day Avg. Volume43,678
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-10.67
Price to Sales (P/S)0.17
P/FCF Ratio-1.59
Enterprise Value/Market Cap29.84
Enterprise Value/Revenue2.01
Enterprise Value/Gross Profit6.33
Enterprise Value/Ebitda12.88
Forecast
1Y Price Target
$3.50Price Target Upside167.18% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Century Casinos Business Overview & Revenue Model
Company DescriptionCentury Casinos, Inc. operates as a casino entertainment company in the United States, Canada, and Poland. The company develops and operates gaming establishments, as well as related lodging, restaurant, horse racing, and entertainment facilities. As of March 8, 2022, it operated two ship-based casinos. The company was founded in 1992 and is based in Colorado Springs, Colorado.
How the Company Makes MoneyCentury Casinos generates revenue primarily through its casino operations, which include the offering of gaming machines, table games, and sports betting. The company earns money from the percentage of bets placed by customers that are retained as revenue after payouts. Additional revenue streams include food and beverage sales, hotel accommodations, and entertainment events hosted at their venues. Century Casinos also engages in strategic partnerships and collaborations with other gaming operators and suppliers, which can enhance its reach and operational capabilities. Additionally, the company's involvement in online gaming and sports betting has opened new avenues for revenue generation, allowing it to tap into the growing demand for digital gaming experiences.
Century Casinos Earnings Call Summary
Earnings Call Date:Nov 10, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Mar 12, 2026
Earnings Call Sentiment Neutral
The earnings call presented a mixed picture with strong growth in certain regions like Missouri and Alberta, positive shifts towards electronic table games, and promising sports betting prospects. However, these were balanced by challenges in Poland and Reno, declining lower-end customer segments, and financial adjustments due to goodwill impairment.Q3-2025 Updates
Positive Updates
Strong Revenue Growth in Missouri
Century Casino and Hotel Caruthersville reported a 29% increase in gaming revenue and a 35% increase in EBITDA. High-value customer growth was particularly strong at 82%.
Positive Performance in Alberta, Canada
Alberta saw a 5.8% increase in slot coining, a 1.6% rise in total revenue, and an 11.1% increase in EBITDA, driven by disciplined cost management and facade upgrades.
Successful Transition to Electronic Table Games
Colorado properties replaced live table games with electronic lounges, maintaining revenue while significantly reducing costs.
Promising Outlook with Sports Betting in Missouri
Sports betting launches in Missouri on December 1, expected to create new revenue streams for Century Casino and Hotel Cape Girardeau.
October Performance Boost
Preliminary results for October show EBITDAR up over 20% compared to last year, driven by improved play from core and retail customers.
Negative Updates
Weakness in Poland Operations
The Poland segment faced challenges with license delays and relocations, notably closing the Wrocław Hilton Casino, leading to negative EBITDA impacts.
Nugget Casino Resort Challenges
Despite a record EBITDAR for August, the Nugget Casino Resort in Reno Sparks faced weaker performance overall due to suboptimal concert bookings and less convention business.
Decline in Lower-End Customer Segments
Overall rated GGR was flat as 8% growth in high-value segments was offset by a 9% decline in lower-end segments.
Debt and Cash Challenges
Net debt stood at $261 million with a net debt-to-EBITDA ratio of 6.9x, and cash decreased from $85 million to $78 million over the quarter.
Goodwill Impairment Issue
An error in impairment testing for goodwill required restatement of financial statements, impacting net loss figures.
Company Guidance
During the earnings call, Peter Hoetzinger provided a comprehensive update on the company's performance and future outlook. The guidance indicated solid third-quarter results, with a net operating revenue of $154 million, driven by strong performance in the East and Midwest regions and Canada, despite weaknesses in the West and Poland. Adjusted EBITDAR showed a mixed trend with a 7% increase in July, a 22% increase in August, but a decline in September due to one-time effects, though overall Q3 EBITDAR would have increased by 5% after adjustments. The company observed an 8% growth in upper customer segments, offsetting a 9% decline in lower-end segments, resulting in flat total rated GGR and a 2% increase in GGR across the U.S. Retail play increased by 4%, and visitation statistics showed a similar pattern with visits by high-value and core customers up by 4%. The call also addressed financial metrics, including a net debt of $261 million and a net debt-to-EBITDA ratio of 6.9x, with no debt maturities until 2029, and anticipated no significant CapEx for the current year. Looking ahead, the company expressed confidence in long-term prospects, citing positive customer trends continuing into October, with preliminary results showing EBITDAR up over 20% year-over-year.Century Casinos Financial Statement Overview
Summary
Century Casinos is experiencing financial difficulties, with declining revenues and profitability challenges. The balance sheet is heavily leveraged, posing financial risks. While there is some improvement in cash flow, overall financial health remains weak, requiring strategic adjustments to stabilize operations.Income Statement
Century Casinos has faced challenges with declining revenue, as evidenced by a negative revenue growth rate of -34.4% in the TTM. The net profit margin is also negative at -18.43%, indicating ongoing profitability issues. However, the company maintains a positive EBITDA margin of 11.74%, suggesting some operational efficiency.45
Neutral
Balance Sheet
The balance sheet shows significant leverage, with a high debt-to-equity ratio of -26.04 in the TTM, due to negative stockholders' equity. This indicates financial instability and potential risk. The return on equity is positive at 18.50%, but this is skewed by the negative equity value.30
Negative
Cash Flow
Cash flow analysis reveals a slight improvement in free cash flow growth at 15.62% in the TTM. However, the free cash flow to net income ratio is negative, indicating cash flow challenges. The operating cash flow to net income ratio is low at 0.14, reflecting limited cash generation relative to net income.40
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 572.76M | 575.92M | 550.21M | 430.53M | 388.51M | 304.27M |
| Gross Profit | 181.88M | 245.54M | 242.81M | 197.89M | 187.47M | 135.32M |
| EBITDA | 89.37M | 65.84M | 115.36M | 102.95M | 101.78M | 30.01M |
| Net Income | -108.36M | -128.17M | -28.20M | 7.98M | 20.62M | -48.00M |
Balance Sheet | ||||||
| Total Assets | 1.16B | 1.23B | 1.36B | 884.97M | 703.36M | 680.76M |
| Cash, Cash Equivalents and Short-Term Investments | 77.70M | 98.77M | 171.33M | 101.78M | 107.82M | 63.41M |
| Total Debt | 1.08B | 1.06B | 1.02B | 665.00M | 494.61M | 500.31M |
| Total Liabilities | 1.15B | 1.14B | 1.15B | 730.77M | 553.00M | 553.78M |
| Stockholders Equity | -78.61M | -9.30M | 121.39M | 144.03M | 141.62M | 118.15M |
Cash Flow | ||||||
| Free Cash Flow | -28.19M | -64.29M | -36.10M | 17.81M | 49.18M | -1.70M |
| Operating Cash Flow | 4.55M | -3.30M | 24.05M | 37.40M | 59.19M | 9.01M |
| Investing Cash Flow | -32.44M | -60.89M | -207.00M | -103.14M | -9.99M | -5.29M |
| Financing Cash Flow | -12.47M | -4.38M | 149.86M | 161.16M | -4.71M | 3.13M |
Century Casinos Technical Analysis
Negative
1.31
Price Trends
1.86
Negative
2.20
Negative
2.08
Negative
Market Momentum
-0.14
Negative
33.16
Neutral
13.84
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CNTY, the sentiment is Negative. The current price of 1.31 is below the 20-day moving average (MA) of 1.44, below the 50-day MA of 1.86, and below the 200-day MA of 2.08, indicating a bearish trend. The MACD of -0.14 indicates Negative momentum. The RSI at 33.16 is Neutral, neither overbought nor oversold. The STOCH value of 13.84 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CNTY.
Century Casinos Risk Analysis
Century Casinos disclosed 29 risk factors in its most recent earnings report. Century Casinos reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Century Casinos Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | $242.34M | 4.52 | ― | ― | 4.03% | ― | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | $200.09M | 94.14 | 1.46% | ― | 24.21% | -92.49% | |
56 Neutral | $77.71M | -55.25 | -1.64% | 1.84% | -4.85% | -129.08% | |
51 Neutral | $111.25M | -2.75 | -121.54% | ― | 7.45% | 5.03% | |
44 Neutral | $38.57M | -0.30 | ― | ― | -1.57% | -80.41% | |
36 Underperform | $15.38M | -5.58 | -78.26% | ― | 3.80% | 59.04% |
* Consumer Cyclical Sector Average
CNTY
Century Casinos
1.31
-2.48
-65.44%
CPHC
Canterbury Park Holding
15.24
-5.49
-26.48%
FLL
Full House Resorts
3.08
-1.26
-29.03%
INSE
Inspired Entertainment
9.00
-0.07
-0.77%
GAMB
Gambling.com
5.62
-9.78
-63.51%
ROLR
High Roller Technologies, Inc.
1.81
-3.72
-67.27%
Century Casinos Corporate Events
Business Operations and StrategyFinancial Disclosures
Century Casinos Reports Q3 2025 Financial Results
Negative
Nov 10, 2025
Century Casinos, Inc. reported its financial results for the third quarter of 2025, showing a slight decrease in net operating revenue by 1% to $153.7 million compared to the same period in 2024. The company experienced growth in the East and Midwest U.S. regions, but faced challenges in the West region and Poland. The net loss attributable to shareholders increased by 30% to $10.5 million. The company is optimistic about future improvements, with plans to open a new casino in Wroclaw, Poland, and the launch of sports betting in Missouri in December 2025.
Business Operations and StrategyFinancial Disclosures
Century Casinos Issues Forward-Looking Statements Report
Neutral
Nov 10, 2025
Century Casinos issued a report containing forward-looking statements, highlighting the inherent risks and uncertainties in their projections. The company emphasized that actual results might differ significantly from these statements and clarified that they are not obligated to update these projections unless legally required.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.