Century Casinos, Inc. reported its financial results for the third quarter and the first nine months of 2025, revealing a net operating revenue of $153.7 million for the three months ending September 30, a decrease of 1.3% from $155.7 million in the same period last year. For the nine months, revenue totaled $435.0 million, down 0.7% from $438.1 million in 2024. The company experienced a net loss attributable to shareholders of $10.5 million, or $(0.35) per share, compared to a loss of $8.1 million, or $(0.26) per share, in the prior year quarter. For the nine-month period, the net loss was $43.5 million, a significant improvement from a loss of $63.3 million in 2024.
The financial performance reflects several operational challenges, including a decline in other revenue streams, which fell by 32.9% to $7.1 million for the quarter. The company attributed the decrease in net operating revenue to various factors, including the termination of two sports betting agreements in Colorado, which previously contributed approximately $1.8 million annually. Additionally, the company faced increased promotional allowances and adverse weather conditions that impacted customer visits and spending.
In terms of strategic developments, Century Casinos opened a new land-based casino and hotel in Caruthersville, Missouri, in November 2024, which has contributed to increased revenue in the Midwest segment. The company also announced a partnership with BetMGM to operate an online sports betting application in Missouri, expected to launch on December 1, 2025. This partnership is anticipated to enhance the company's market presence in the growing sports betting sector.
Operationally, the company reported a decrease in total assets to $1.16 billion as of September 30, 2025, down from $1.20 billion at the end of 2024. The total liabilities increased slightly to $1.15 billion, resulting in a shareholders' equity deficit of $78.6 million. The company’s employee headcount remained stable, and it continues to focus on optimizing its operations and enhancing customer engagement through various initiatives, including a new loyalty program.
Looking ahead, Century Casinos is conducting a comprehensive strategic review to explore options for enhancing shareholder value, which may include asset optimization, potential mergers, or divestitures. The company remains cautious about the macroeconomic environment, which could impact consumer spending and overall business performance. Despite the challenges, management is optimistic about future growth opportunities, particularly in the sports betting and iGaming markets, as well as ongoing investments in its properties.
About CENTURY CASINOS INC /CO/
Century Casinos, Inc. operates casino entertainment facilities across North America and Poland, offering gaming, lodging, dining, horse racing, and entertainment services. Its portfolio includes casinos, racetracks, hotels, and related amenities, targeting local and tourist customers. The company’s business model focuses on developing, acquiring, and managing gaming properties under various lease arrangements, leveraging loyalty programs and regional market expertise to compete in regulated gaming markets.
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