2023-05-09 06:02:59 ET
- Century Casinos press release ( NASDAQ: CNTY ): Q1 GAAP EPS of -$0.04 in-line.
- Revenue of $108.51M (+5.2% Y/Y) beats by $0.25M .
- "We are pleased that each of our reportable segments had revenue growth for the first quarter of 2023 compared to the first quarter of 2022. Construction of our hotel in Cape Girardeau, Missouri and our land-based casino and hotel in Caruthersville, Missouri continues, and we are excited to see the progress made at these properties," Erwin Haitzmann and Peter Hoetzinger, Co-Chief Executive Officers of Century Casinos remarked.
- "We completed our acquisition of the Nugget Casino Resort on April 3, 2023. We have begun to integrate the Nugget operations and expect to see meaningful growth from this acquisition in the future. We anticipate an immediate impact to net income because we had been paying interest on the $100 million in escrow that we borrowed in April 2022 to finance the OpCo Acquisition without net income from the Nugget to support it," Messrs. Haitzmann and Hoetzinger concluded.
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Century Casinos GAAP EPS of -$0.04 in-line, revenue of $108.51M beats by $0.25M