Century Casinos Reports $137.2 Million Revenue in Q1 2026, Net Loss Improves

Century Casinos, Inc. reported a net operating revenue of $137.2 million for the first quarter of 2026, reflecting a 5.2% increase from $130.4 million in the same period of 2025. The growth was driven by a 6.0% rise in gaming revenue, which reached $106.7 million, alongside increases in hotel and food and beverage revenues. However, the company recorded a net loss attributable to shareholders of $16.5 million, an improvement from a loss of $20.6 million in the prior year, indicating a 19.9% reduction in losses. The earnings from operations surged by 64.7% to $11.8 million, compared to $7.1 million in the previous year.

In terms of operational metrics, the company experienced a notable increase in customer engagement, with gaming expenses rising by 2.6% to $55.7 million, reflecting higher operational activity. The total operating costs and expenses increased by 1.8% to $125.5 million, primarily due to higher payroll and gaming-related expenses. The company’s Adjusted EBITDAR also saw a significant increase of 23.7%, reaching $24.9 million, compared to $20.2 million in the same quarter of 2025.

Strategically, Century Casinos has been expanding its footprint in the sports betting market, having partnered with BetMGM to operate an online and mobile sports betting application in Missouri, which commenced operations in December 2025. This partnership is expected to enhance revenue streams through a share of net gaming revenue. Additionally, the company has been actively exploring further gaming projects and acquisitions, as part of a broader strategic review initiated in August 2025 to enhance shareholder value.

Geographically, the company reported revenue increases across its segments, with the US Midwest showing a 5.2% rise, while Canada experienced a 10.9% increase in net operating revenue. The Poland segment also saw a modest growth of 2.3%. However, the company’s total assets decreased to $1.12 billion from $1.15 billion at the end of 2025, primarily due to a reduction in cash and cash equivalents, which fell to $60.3 million from $69.2 million. The company’s long-term debt remained stable at approximately $328.6 million, with a net debt of $276.7 million as of March 31, 2026.

Looking ahead, Century Casinos anticipates continued challenges from macroeconomic conditions, including inflation and geopolitical tensions, which could impact consumer spending and visitation rates at its properties. The company remains focused on optimizing its capital structure and exploring strategic alternatives to bolster its financial position and operational performance.