Century Casinos has announced a slight 1% uptick in its net operating revenue for the second quarter of 2026, totaling $152.0 million. This positive outcome was driven by robust performance across its operations in the U.S. West and Midwest, mitigating a substantial revenue downturn in Poland.
Operating earnings grew by 4% to reach $17.2 million, while Adjusted EBITDAR saw a 5% increase, amounting to $31.7 million. Furthermore, the net loss attributable to Century Casinos shareholders decreased by 11%, narrowing from $12.3 million last year to $10.9 million, reflecting losses of $0.39 per share in comparison to $0.40 last year.
The U.S. West segment demonstrated the most significant revenue escalation, achieving a 16% increase to $23.4 million. Adjusted EBITDAR skyrocketed by 93% to $4.5 million, with the segment’s net loss reduced by 75% to $0.7 million, primarily attributed to enhancements at the Nugget casino located in Sparks, Nevada.
The U.S. Midwest segment, encompassing properties in Missouri and Colorado, recorded an 8% revenue hike to $44.7 million, along with a similar 8% rise in Adjusted EBITDAR, totaling $16.7 million. Revenue from Canada experienced a modest 2% growth, reaching $20.4 million, while the U.S. East segment saw a 2% decline in revenue to $43.6 million.
In contrast, Poland significantly impacted overall performance, with a 19% revenue drop to $19.9 million, and a staggering 97% drop in Adjusted EBITDAR, which was recorded at just $52,000. Century’s Polish operations were hindered partly due to poor table-game hold in June and the closure of its Warsaw casino in June 2025.
“Poland was a bit of a setback,” remarked Century Casinos President Peter Hoetzinger during the second-quarter earnings call, while also labeling the overall quarter as “strong and solid.”
Management indicated that North America contributed to 90% of the company’s total financial outcomes. Hoetzinger noted exceptional performance at the Nugget alongside improved results in Missouri and Colorado. “We saw growth across all retail customers,” he added, “despite the rising fuel costs.”
Century Casinos President Peter Hoetzinger and Chairman Erwin Haitzmann
In the first half of 2026, consolidated revenue grew by 3% to $289.2 million. Earnings from operations surged by 22% to $28.9 million, while Adjusted EBITDAR saw a 12% increase to $56.6 million, and the net loss attributable to shareholders was cut by 17%, coming in at $27.4 million.
As of June, Century held cash and cash equivalents totaling $60.2 million, a decrease from $68.9 million at the end of 2025. Outstanding debt was reported at $336.5 million, down from $337.7 million as of December 31.
In Alberta, Chairman Erwin Haitzmann noted that all four Century casinos improved their financial results. Hoetzinger also hinted at the potential sale of the Alberta properties, either collectively or segmented into casino and racino groups, with an anticipated announcement by the end of 2026.
Management acknowledged signs of stabilization in the Polish market despite ongoing challenges. “This year is pivotal for us,” Hoetzinger stated, expressing optimism about the remainder of the year, including prospects for Poland. He stated that Century anticipates its debt ratio to decrease to six times cash flow by year-end, with no upcoming debt maturities for the next three years.