In the first quarter of 2025, Century Casinos lost $20.6 million, a 52 percent widening of the prior-year loss. In its announcement, Century attributed the numbers to “decreased revenue from weather impacts throughout North America, one fewer operating day compared to 2024, and the loss of high-margin sports betting revenue in Colorado.”
Century was also down by four percent in net revenue, which dipped to $130.4 million. Earnings from operations fell 14 percent to $7.1 million and cash flow slipped five percent to $20.2 million.
In a statement attributed to co-CEOs Peter Hoetzinger and Erwin Haitzmann, the company said, “We expect quarterly capital expenditures to decrease for the remainder of 2025, as we spent proportionally more in the first quarter.” Due to the absence of major construction projects, Century’s cash generation was forecast to improve through the balance of the year.
The company ended the quarter with cash on hand of $85 million and $340 million in debt. Century shares began trading at $1.50 apiece.
