Century’s Nugget Casino Resort in Nevada performed particularly well with adjusted EBITDAR increasing 93 per cent year-on-year
Despite reporting record first-quarter net operating revenue, Century Casinos’ latest set of results fell short of analysts’ expectations. Shares increased by seven per cent in pre-market trading following the announcement, with investors honing in on strong year-on-year growth metrics in Nevada, the Midwest and Canada.
Revenue for the quarter reached a record $137.24m, up five per cent, but finished below the $140.96m estimate. Each of the operator’s North American casinos generated better revenue and adjusted EBITDAR than the first quarter last year.
Century’s Co-Chief Executive Officers Erwin Haitzmann and Peter Hoetzinger said: “The first quarter of 2026 was an all-time record for net operating revenue in a first quarter in the company’s history, and we saw all North American properties outperform the first quarter of 2025 in both net operating revenue and Adjusted EBITDAR. The growth was driven by strong play from our high-value and core customer groups.”
Century‘s Nugget Casino Resort in Nevada performed particularly well with adjusted EBITDAR increasing 93 per cent year-on-year.
The US Midwest was the company’s strongest segment, generating $41.8m in revenue, marking an increase of five per cent from last year, whilst its Canadian casinos showed the most improvement with growth of 11 per cent, taking its revenue to $18.3m.
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Century’s Nugget Casino Resort in Nevada performed particularly well with adjusted EBITDAR increasing 93 per cent year-on-year Despite reporting record first-quarter net operating revenue, Century Casinos’ latest set of results fell short of analysts’ expectations. Shares increased by seven per cent in pre-market trading following the announcement, with investors honing in on strong year-on-year growth…
The post Century salutes best-ever quarter but still falls short of analysts’ expectations appeared first on G3 Newswire.