Century Casinos Reports Slight Revenue Increase and Net Loss in Q2 2026

Century Casinos, Inc. reported its financial results for the second quarter of 2026, revealing a slight increase in net operating revenue to $151.995 million, up from $150.818 million in the same period last year. The company’s gaming revenue decreased by 1.5% to $109.412 million, while revenue from pari-mutuel, sports betting, and iGaming rose by 18.2% to $5.996 million. Hotel revenue also saw an increase of 8.1% to $15.198 million. Despite the overall revenue growth, the company reported a net loss attributable to shareholders of $10.910 million, a decrease from a loss of $12.309 million in the prior year, reflecting an improvement of 11.4%.

In terms of operational performance, Century Casinos experienced a mixed bag across its segments. The US Midwest and US West segments reported revenue increases of 8.0% and 15.9%, respectively, while the US East segment saw a decline of 2.2%. The Poland segment faced a significant drop in revenue, down 19.4%, primarily due to the closure of the Hilton Hotel casino in Warsaw. The company’s total operating costs and expenses increased marginally by 0.4% to $134.815 million, with notable increases in general and administrative expenses attributed to termination costs related to executive separations.

Strategically, Century Casinos has been active in expanding its offerings, particularly in the sports betting arena. The company has partnered with BetMGM to operate an online and mobile sports betting application in Missouri, which began operations in December 2025. This partnership is expected to enhance revenue streams from sports wagering, contributing to the overall growth of the company. Additionally, Century Casinos is undergoing a strategic review process to explore various options for enhancing shareholder value, including potential mergers or divestitures.

As of June 30, 2026, Century Casinos reported total assets of $1.105 billion, a decrease from $1.147 billion at the end of 2025. The company’s cash and cash equivalents stood at $60.179 million, down from $68.921 million. The total long-term debt, including the current portion, was $329.074 million, with a net debt of $276.306 million. The company’s liquidity position remains a focus, as it continues to manage its capital expenditures and operational cash flows to meet its financial obligations.

Looking ahead, Century Casinos anticipates that ongoing macroeconomic conditions, including inflation and consumer spending patterns, may impact its operations. The company remains committed to enhancing its market position through strategic initiatives and partnerships while navigating the challenges posed by the current economic environment.