Century Casinos experiences a reduced loss, potentially becoming an acquisition target

Century Casinos Reports Q2 2025 Results and Announces Strategic Review

Century Casinos, a global casino entertainment company, has announced its Q2 2025 financial results, revealing a 3% increase in revenue to $150.8 million, surpassing analyst expectations [1][2][4]. However, the company's GAAP net loss improved 70% compared to the prior year but still resulted in a $0.40 loss per share, missing expectations [3]. The net loss in dollar terms was reported as $12.3 million.

The company's CEOs, Erwin Haitzmann and Peter Hoetzinger, expressed pride in the growth and positive cash flow of the company's portfolio. Operating revenue for the company increased by 16% to $16.6 million, and cash flow for the quarter grew by 10% to $30.3 million [5].

In a notable development, Century Casinos closed one casino from its portfolio in the second quarter due to the non-renewal of the license for its Hilton casino in Warsaw.

Century Casinos is currently undergoing a strategic-review process, during which no commitments or decisions have been made, and there is no assurance that it will result in any transaction or particular change to the company's business [6]. The strategic-review process may include asset sales, mergers, strategic partnerships, or the sale of the company, and the analysis of potential divestments of assets or other asset-level transactions [7].

Faegre Drinker Biddle & Reath is the legal advisor for Century during the strategic-review process, with Macquarie Capital advising the company on the strategic-review process [8]. No timetable has been set for the conclusion of the strategic-review process.

As of the end of the quarter, Century Casinos had $338.1 million in debt and $85.5 million cash on hand [9]. The company also announced that no further comments will be forthcoming from Century until warranted by subsequent events.

Century Casinos is set to open a second casino in Wroclaw in the fourth quarter of 2025 [10]. Despite the challenges faced in the past, the company remains optimistic about its future growth and development.

[1] Century Casinos Reports Second Quarter 2025 Results [2] Century Casinos Q2 2025 Earnings Call Transcript [3] Century Casinos Q2 2021 Earnings Call Transcript [4] Century Casinos Q2 2025 Earnings Preview [5] Century Casinos Q2 2025 Earnings Release [6] Century Casinos Announces Strategic Review Process [7] Century Casinos Announces Strategic Review Process [8] Century Casinos Announces Strategic Review Process [9] Century Casinos Q2 2025 Earnings Release [10] Century Casinos to Open Second Casino in Wroclaw