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• Q4 2024 Revenue: $137.8 million, down 4% year-over-year.

• Q4 2024 Adjusted EBITDA: $21.1 million, down 17% year-over-year.

• US Operations Revenue: Down 3% year-over-year.

• US Operations EBITDA: Down 8% year-over-year.

• New Casino in Carouseville, Missouri: Revenue up 27%, EBITDA up 32% since opening.

• Central Casino Hotel Cape Girardeau Revenue: Up 11% year-over-year.

• Central Casino Hotel Cape Girardeau EBITDA: Up 7% year-over-year.

• Missouri and Colorado Property Margins: Between 35% and 40% during the quarter.

• East Segment Revenue: Down 7% year-over-year.

• East Segment EBITDA: Down 29% year-over-year.

• West Segment Gaming Revenue: Down 10% year-over-year.

• West Segment EBITDAR: Increased by 46% year-over-year.

• Canada Revenue: Down 7% year-over-year.

• Canada EBITDA: Down 17% year-over-year.

• Cash and Cash Equivalents: $99 million at the end of Q4 2024.

• Total Debt: $340 million, resulting in net debt of $241 million.

• Net Debt to EBITDA Ratio: 5.5 times, 6.9 times on a lease-adjusted basis.

• CapEx Spend: $110 million in total, with $50 million from VICI for Missouri development.

• 2025 CapEx Expectation: $4 million for growth projects, $14 million for maintenance.

• Warning! GuruFocus has detected 7 Warning Signs with CNTY.

Release Date: March 13, 2025

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

• The new land-based facility in Caruthersville, Missouri, has exceeded initial expectations with revenue and EBITDA up 27% and 32% respectively since opening.

• The Central Casino Hotel Cape Girardeau in Missouri reported a strong quarter with revenue up 11% and EBITDA up 7%, driven by the new hotel and solid food and beverage sales.

• The new hotel in Cape Girardeau is expanding reach into new markets, with revenue from patrons living outside Missouri, Illinois, and Kentucky increasing by 82%.

• The Nugget Casino Resort in Nevada achieved a 46% year-over-year increase in EBITDAR due to strict cost discipline and promising initial results from changes to the slot floor.

• Century Casinos Inc (NASDAQ:CNTY) has no debt maturities until 2029, providing financial stability and allowing leverage ratios to ramp down with the conclusion of major capital expenditures.

Negative Points

• Fourth quarter consolidated revenue was down 4% year-over-year, and adjusted EBITDA decreased by 17%.

• The East segment, including Mountaineer Casino in West Virginia and Rocky Gap Casino Resort in Maryland, faced challenges with revenue down 7% and EBITDA down 29%.

• The company experienced a significant decline in uncarded revenue, particularly in Colorado, where it decreased by 30%, impacting overall revenue.

• Two of the three sports betting providers using Century Casinos Inc (NASDAQ:CNTY)'s licenses ceased operations, affecting sports betting revenue.

• The company's operations in Canada and Europe faced difficulties, with Canadian revenue down 7% and EBITDA down 17%, and challenges in divesting Polish operations due to geopolitical and ownership issues.