Century Casinos' losses minimize, potentially subject to acquisition
Century Casinos, the global casino operator, has announced the initiation of a strategic review process [1][2][3][5]. This comprehensive evaluation covers potential asset sales, mergers, strategic partnerships, or even a sale of the entire company, with the goal of optimising the portfolio and enhancing shareholder value. The review encompasses its global operations, including its Polish assets, which saw a surge in revenue of 23% in Q2 2025.
In Poland, Century Casinos secured a second casino license in Wroclaw, with an expected opening in Q4 2025. However, the company faced a setback when it was denied a license for a second casino in Warsaw, resulting in the closure of its Hilton Hotel casino there [1][2].
Legal counsel Faegre Drinker Biddle & Reath LLP and financial advisor Macquarie Capital are supporting Century Casinos during this strategic review [1][2][3][5].
The strong financial growth in Poland, coupled with the challenges faced in securing licenses, underscores Century Casinos’ proactive approach to capitalise on regional performance while addressing regulatory hurdles [1][2][3][5].
In the second quarter, Century Casinos ended the period with $338.1 million in debt and $85.5 million in cash on hand. Cash flow for the company grew by 10% to $30.3 million. Operating revenue increased by 16% to $16.6 million, although revenue from its United States casinos decreased slightly to $106 million. Revenue in Canada increased by 1%, while revenue in Poland saw a significant jump of 23% [1][2].
Century Casinos reported its earnings early on August 7. Despite posting a loss of $12.3 million in the second quarter, a 70% decrease from the previous year, the CEOs, Hoetziner and Haitzmann, expressed pride in the strength and momentum built across the portfolio, which has shown solid year over year growth and positive cash flow in the quarter [1][2].
No commitments or decisions have been made during the strategic review, and there is no assurance that it will result in any transaction or particular change to the company’s business. Century Casinos has not provided any further comments and will remain silent until subsequent events warrant it [1][2].
The strategic review reflects Century Casinos’ commitment to exploring potential alternatives for enhancing shareholder value and supporting long-term growth. These alternatives may include asset sales, optimising the company's capital structure, mergers, strategic partnerships, the sale of the company, and divestments of assets or other asset-level transactions [1][2][3][5].
[1] https://www.centurycasinos.com/ [2] https://www.macquarie.com/ [3] https://www.faegredrinker.com/ [4] https://www.wroclaw.pl/ [5] https://www.businesswire.com/
Century Casinos, in the midst of a strategic review, is considering various options such as asset sales, mergers, strategic partnerships, or even a sale of the entire company, to optimize its portfolio and boost shareholder value. This evaluation involves the company's global operations, including its Polish assets, which saw a 23% revenue surge in Q2 2025.
With the impending opening of a new casino in Wroclaw, Poland, and the ongoing legal support from Faegre Drinker Biddle & Reath LLP and financial advisory from Macquarie Capital, Century Casinos is taking a proactive approach to capitalize on regional performance, address regulatory hurdles, and explore potential Casino-Games related opportunities.
