Gambling in the USA
Century Casinos Announces Financial Results for Q1 2019

Century Casinos, an international casino entertainment company, has announced its financial results for the first quarter of 2019. Net operating revenue is $45.6m, an increase of 12% from the three months ended March 31, 2018. Earnings from operations were $3.4m, an increase of 6% from 2018.
Net earnings attributable to shareholders were $1.1m, an increase of 15%. Adjusted EBITDA was $6.7m, an increase of 2%. Basic and diluted earnings per share were $0.04, an increase of 33%.
“We are pleased with the 12 per cent net operating revenue growth this quarter, with all reportable segments contributing to the increased results,” Co-CEOs Erwin Haitzmann and Peter Hoetzinger said.
“Adjusted EBITDA growth was impacted by $0.7m of additional non-recurring expenses related to the opening of our newest property, Century Mile Racetrack and Casino. Century Mile began operating the northern Alberta pari-mutuel network at the beginning of the year, contributing to the $1.6m revenue growth in the Canada reportable segment. We had a successful grand opening at Century Mile in April and are excited for the success this property has had in its first month of operation,” they added.
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