Century Casinos Opens BetMGM Sportsbook at Cape Girardeau
Century Casinos announced the opening of the new BetMGM retail sportsbook at Century Casino & Hotel Cape Girardeau. The BetMGM-branded sportsbook opened to the public right after midnight on December 1. Online sports betting through the BetMGM app and website also started at the same time. "We are pleased to open the BetMGM Sportsbook at our Cape Girardeau property," said Erwin Haitzmann and Peter Hoetzinger, Co-Chief Executive Officers of Century Casinos. "Sports betting has generated significant excitement in Missouri, and today marks an important step with the launch of both retail and online sports wagering. Offering guests the option to wager in person at our casino or online creates a comprehensive and seamless experience. We believe these new services strengthen our property's market position and will introduce new customers to Century Casino & Hotel Cape Girardeau."
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- Strong Financial Performance: Century Casinos Inc reported a 3% year-over-year increase in full-year adjusted EBITDAR for 2025, demonstrating resilience despite challenges such as the loss of sports betting income in Colorado and licensing disruptions in Poland.
- Regional Growth Surge: EBITDA at Caruthersville increased from $19 million to $24.4 million, marking a 28% rise, indicating robust market demand that has driven overall performance improvements in the region.
- Stable Financial Position: As of December 31, the company held $69 million in cash and cash equivalents, with no debt maturities until Q2 2029, ensuring financial flexibility for future growth initiatives.
- Competitive Market Pressures: Despite overall strong performance, Cape Girardeau experienced declines in both quarterly and annual EBITDA, partly due to competition from new market entrants in Illinois, highlighting the complexities of the market environment.
- Strong Financial Performance: Century Casinos reported a 3% year-over-year increase in adjusted EBITDAR for 2025 despite regulatory challenges, with a potential 5% growth excluding Colorado sports betting income and Poland's impact, highlighting robust performances in Missouri and Mountaineer in West Virginia.
- Property Growth Highlights: Caruthersville's EBITDAR surged from $19 million to $24.4 million in 2025, successfully attracting high-value customers, and with the transition to a permanent casino and hotel completed, EBITDAR has more than doubled over the past six years, demonstrating strong market appeal.
- Effective Cost Control: The elimination of table games at Cripple Creek and Central City led to improved financial performance, as the loss of related revenue was offset by payroll savings, indicating effective management strategies in cost control.
- Optimistic Future Outlook: Management anticipates higher EBITDAR and cash flow in 2026, particularly with the ongoing development of the Nugget and the new facility in Caruthersville, while capital expenditures are expected to decrease to between $14 million and $15 million, enhancing financial flexibility.
- Narrowed Net Loss: Century Casinos reported a net loss of $17.95 million in Q4, translating to $0.61 per share, a significant improvement from last year's loss of $90.33 million or $2.94 per share, indicating a positive shift in financial health.
- Operational Profit Growth: The company achieved an operational profit of $10.44 million, a stark contrast to the $62.63 million loss from the previous year, showcasing substantial progress in cost management and operational efficiency.
- Slight Revenue Increase: Net operating revenue for the fourth quarter reached $137.992 million, slightly up from $137.766 million last year, reflecting stable performance amid competitive market conditions.
- Strategic Development Potential: Executives noted that while they achieved a 13% growth in adjusted EBITDAR and improved margins, they believe the casino portfolio has not yet realized its full potential and are actively exploring strategic alternatives, including the potential sale of operations in Poland.
- Disappointing Earnings: Century Casinos reported a Q4 GAAP EPS of -$0.61, missing expectations by $0.14, indicating challenges in profitability that could undermine investor confidence.
- Slight Revenue Growth: The company generated $138 million in revenue, a 0.2% year-over-year increase, yet it fell short of expectations by $3.22 million, reflecting intensified market competition and weak customer demand.
- Negative Market Reaction: The earnings miss may lead investors to question Century Casinos' future growth prospects, potentially resulting in increased stock price volatility and impacting the company's ability to raise capital.
- Analyst Rating Focus: Following the earnings release, analysts' quantitative ratings on Century Casinos are drawing attention, which may prompt investors to reassess their investment strategies, further influencing market performance.
Fourth Quarter Results: Century Casinos, Inc. has announced its financial results for the fourth quarter of 2025.
Full Year Results: The company also released its comprehensive results for the entire year of 2025.
- Earnings Release Announcement: Century Casinos is set to release its fourth-quarter earnings before the market opens on March 13, with analysts projecting a loss of 42 cents per share, indicating financial challenges ahead.
- Revenue Expectations: According to Benzinga Pro, the consensus estimate for the company's quarterly revenue stands at $142.06 million, which marks an increase from last year's $137.77 million, despite the anticipated loss.
- Stock Price Movement: On the latest trading day, Century Casinos' shares fell by 1.4% to close at $1.43, reflecting market caution ahead of the earnings report.
- Analyst Rating Trends: Recent ratings from Benzinga indicate mixed sentiments regarding CNTY stock, suggesting that investors should closely monitor analyst recommendations to make informed decisions.










