Century Casinos set revenue and adjusted EBITDA all-time records for the second quarter, driven by strength in Missouri, Canada and Poland.
Revenue came in at $150.8m, an increase of three per cent whilst EBITDAR came in at $30.3m a 50 per cent sequential increase and a 10 per cent increase over Q2 of last year. The strong EBITDAR growth was broad-based with every region except Nevada contributing positive growth.
Peter Hutzinger, Co-CEO, Century Casinos, said: “Our results were supported by continued strength in play from our core customers as well as improving trends among retail and lower end customers. We are proud of the strength and momentum we have built across our portfolio, which has shown solid year over year growth and generated positive cash flow in the quarter. Following various inquiries from third parties about potential asset sales and strategic partnerships, we have initiated a strategic review process as part of our ongoing commitment to driving long-term value creation and optimizing our portfolio of assets and operations.
In May 2025, the company announced that it has partnered with BetMGM to operate an online and mobile sports betting application under the company’s license in Missouri.
Peter Hutzinger said: “The agreement includes a percentage of net gaming revenue payable to the company, with a guaranteed minimum, as well as retail sportsbook options to be exercised at the company’s discretion. Sports betting is expected to begin in Missouri in the fourth quarter of 2025.
In Poland, we were notified in June that we have not received a new license for a second casino in Warsaw. However, the license for our flagship casino operation in Warsaw at the Presidential Hotel, the ex Marriott, runs through 2028. For Poland’s third largest city, the city of Wroclaw, we have been awarded an additional license and we expect to open that casino in the fourth quarter of this year. W
Since the opening of the new casino and hotel in Caruthersville, Missouri, on November 1, 2024, net operating revenue and Adjusted EBITDAR have increased 26 per cent and 31 per cent, respectively.
Erwin Hutzinger said: “These growth numbers are driven by double-digit percentage increases in the properties’ customer base across all segments, specifically the high value customers, all age groups, particularly those aged 30 to 39, and all distance ranges, with special mention of the 75-plus mile distance range, which increased by 41 per cent. The number of visitors increased by 20 per cent quarter over quarter. Carruthersville is situated in the Missouri Boothill, approximately 95 miles north of Memphis. Tennessee customers contribute about 50 per cent of the revenue, with the remainder split among customers from Missouri, Arkansas and other states.”
“The transition from the owned riverboat was partly driven by our desire to provide significantly improved entertainment and hospitality experiences to our customers and partly by the necessity of moving of the Mississippi River onto the protected side of the flood wall. So far the property has exceeded our expectations and therefore we couldn’t be more pleased with our new Century Casino and Hotel Carataswift and the continued growth we expect at the property.”
The company took the steps of removing live table games at its Colorado properties in the first quarter of the year.
Erwin Hutzinger said: “The cost-saving effects from eliminating live table games far exceed the lost revenue. The all-new, prominently located electronic table games lounge, the first in this gaming market, proved to be a popular alternative for our customers. Although we saw a decline in trips and visitors in this quarter, the average spend per trip was up by 28 per cent with our higher value segments performing very well.
“We finished a complete redesign of the main entrance to the casino in this quarter. Previously, this corner was somewhat tucked away and difficult to access from the sidewalks. Now we have a wide entrance on two sides, newly designed and lavish stairs connecting to the sidewalk and the prominent Century Casino sign above the entrances. We believe that this project, along with the numerous minor improvements we have made to the property over the last twelve months, contributes to the property’s continued success.”
In Poland, the company was awarded a second license in the city of Wroclaw in March 2025. The company expects to open the casino in the fourth quarter of 2025. The company was notified in June 2025 that it had not received a new license for a second casino in Warsaw and closed the casino at the Hilton Hotel. The license for the Company’s flagship casino in Warsaw at The Presidential Hotel runs through 2028.
Peter Hutzinger said: “We are still committed to divesting our Poland operations. In fact, we do expect to sign a debt of intent with an Eastern European gaming group next week, so we’ll be under exclusivity on our Poland business shortly. We’ll provide updates on the Poland investment process in the coming months as appropriate.”
Erwin Hutzinger added: “Operational breaks have impacted the last quarters due to delays in license renewals. There is no license expiration scheduled until 2028, so no operational interruptions or downtimes are expected. We continue to successfully redirect guests from our recently closed casino at the Hilton to our flagship casino at the Presidential Hotel in Warsaw, previously known as the Warsaw Marriott. When the ramp-up of the relocated Roslav Casino is well on track, we will open our second Roslav Casino in Q4 of this year, which will further strengthen our position in the Roslav market. In Q2, total revenue grew 23 per cent year over year, resulting in a 306 per cent increase in EBITDAR from $05,000,000 in 2024 to 1,800,000.0 in 2025. With the second part of the Hilton closing costs to be digested in Q3, we expect to return to normalized results starting in Q4 of this year.”
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Century Casinos set revenue and adjusted EBITDA all-time records for the second quarter, driven by strength in Missouri, Canada and Poland. Revenue came in at $150.8m, an increase of three per cent whilst EBITDAR came in at $30.3m a 50 per cent sequential increase and a 10 per cent increase over Q2 of last year. The strong EBITDAR…
The post Missouri, Canada and Poland drive record quarter for Century Casinos appeared first on G3 Newswire.