Revenue at Century Casinos increased 54 per cent during the third quarter of the year, helping the company post “solid” results.
Operating revenue reached $28.8m for the three-month period, while adjusted EBITDA increased 19 per cent to $3.3m. Earnings fell 10 per cent, however, to $1.1m.
“We posted solid results in the third quarter, even though both our Colorado operations and our casino in Calgary were significantly impacted by severe floods in their feeder markets,” said Erwin Haitzmann and Peter Hoetzinger, co-CEOs of Century Casinos.
In April 2013, the company completed the purchase of an additional 33.3 per cent interest in Casinos Poland, taking its stake in the company to 66.6 per cent.
The company is also “very excited” about the progress it is making with its racetrack and casino project in Calgary, which it announced in December last year.
Earlier this year, Century applied for a casino licence in Vienna, Austria. Managing a consortium of investors, the company is one of at least four bidding for the licence.
