Century Casinos (CNTY) Q4 2025 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Fri, March 13, 2026 astatine 10:11 AM CDT 22 min read

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Friday, March 13, 2026 astatine 10 a.m. ET

• Co-CEO — Peter Hoetzinger

• Co-CEO — Erwin Haitzmann

• Chief Financial Officer — Margaret Stapleton

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Century Casinos, Inc. delivered coagulated results successful 2025, with full-year adjusted EBITDAR expanding 3% twelvemonth implicit year. We achieved that maturation contempt the nonaccomplishment of sports betting income successful Colorado and the important licensing disruptions successful Poland. Excluding the sports betting income successful Colorado and the Poland impact, EBITDAR would person accrued by 5%, driven by beardown performances successful Missouri, and a bully rebound astatine Mountaineer successful West Virginia. Turning to the 4th quarter, nett operating gross was flat, impacted by unusually mediocre wintertime upwind successful December, but adjusted EBITDAR was up 13%. We delivered double-digit EBITDA maturation astatine respective of our casinos, including successful Colorado, astatine Mountaineer, West Virginia, and successful Caruthersville, Missouri.

And astatine the Nugget successful Reno, EBITDA was up 21%. Across the full U.S. portfolio, the inclination of beardown play from our high-value and halfway lawsuit segments continued, and we are besides opening to spot improvements astatine the little extremity of the database. While full rated GTR declined a bit, this was offset by maturation successful the retail segment. I volition present crook the telephone implicit to Erwin for much colour connected our idiosyncratic properties and markets.

Erwin Haitzmann: Thank you, Peter, and bully morning, everyone. Let maine commencement with our results for the 4th fourth and afloat twelvemonth 2025. Beginning successful Missouri, our Century Casino and Hotel Caruthersville had a fantastic 4th and year. EBITDA successful Q4 accrued from $4.9 cardinal to $6.1 million, and EBITDA successful 2025 grew from $19 cardinal to $24.4 million, a $5.4 million, oregon 28%, increase. Rent owed to VICI was $7.5 cardinal successful 2024 and $11.6 cardinal successful 2025, a $4.1 cardinal increase. A speedy recap: We acquired Century Casino and Hotel Caruthersville, a $12 cardinal EBITDA-per-year property, successful December 2019, erstwhile the casino was inactive connected a riverboat.

With improvements to the gaming level and the determination to a impermanent land-based facility, we grew the spot to $19 cardinal of EBITDA by 2023. With the modulation to the imperishable casino and edifice gathering accomplished successful November 2024, Caruthersville is present an astir $25 cardinal EBITDA property, efficaciously much than doubling EBITDA wrong the past six years. The occurrence of this spot comes from its quality to pull much customers from each direction. We spot increases crossed each property groups, worth segments, and distances. The biggest gains are coming from high-value customers, that is $400+ ADT, middle-aged customers aged betwixt 40 and 59, and customers from much than 49 miles away.