Century Casinos Shares Rise Despite Second-Quarter Earnings Miss

Century Casinos, Inc. (NASDAQ:CNTY) reported second-quarter 2026 results that fell short of Wall Street expectations, but shares rose around 4.2% in premarket trading as investors focused on the company’s improving performance across its North American operations.

Although earnings and revenue came in below forecasts, stronger profitability at key US properties helped offset weakness in other regions.

Earnings and Revenue Miss Expectations

Century Casinos reported an adjusted loss of $0.39 per share for the quarter ended 30 June 2026, wider than analysts’ consensus forecast of a $0.33 loss per share.

Revenue totalled $152.0 million, slightly below the market estimate of $153.86 million but 1% higher than the $150.8 million generated in the same period last year.

Despite the earnings miss, adjusted EBITDAR increased 5% year over year to $31.7 million from $30.3 million.

North American Operations Drive Growth

The company’s strongest performance came from its US operations.

Revenue in the US West segment climbed 16% to $23.4 million, while adjusted EBITDAR surged 93% to $4.5 million, reflecting continued momentum at the Nugget Casino.

The US Midwest business also delivered solid results, with revenue increasing 8% to $44.7 million.

By contrast, operations in Poland remained under pressure, with revenue declining 19% to $19.9 million. Management said the weaker performance was partly due to an unusually low table hold during June.

Management Highlights Momentum at the Nugget

Co-Chief Executive Officers Erwin Haitzmann and Peter Hoetzinger said, “We are very pleased with the results of our North American operations during the second quarter, driven by a strong performance at the Nugget.”

They added, “The Nugget’s Adjusted EBITDAR grew an additional 93%, after growing by 93% in the first quarter, and we will continue to work diligently at the property to continue this performance throughout 2026 and beyond.”

Balance Sheet Remains Solid

As of 30 June 2026, Century Casinos held cash and cash equivalents of $60.2 million, compared with $68.9 million at the end of 2025.

Outstanding debt stood at $336.5 million.

While the company missed consensus estimates for both earnings and revenue, investors appeared encouraged by the continued strength of its North American portfolio and improving profitability at its flagship US properties.

Century Casinos stock price