Minister Chartrand announces investment in events that help Yellowknife small businesses build capacity Français
YELLOWKNIFE, NT, July 28, 2025 /CNW/ - Small businesses are at the heart of Northern communities and have a deep understanding of local needs and resources, enabling them to offer authentic products and services to both residents and visitors.
Today, the Honourable Rebecca Chartrand, Minister of Northern and Arctic Affairs and Minister responsible for CanNor, announced an investment of up to $150,000 to the Yellowknife Chamber of Commerce. Delivered through CanNor, this funding will support two annual capacity building events for Yellowknife's business community over three years. This includes a Small Business Week each fall and a Trailblazers Symposium coinciding with International Women's Day.
Vibrant small businesses enrich the lives of Northerners and contribute to a strong, united Canadian economy by keeping economic benefits within the territories. Supporting projects like this aligns with CanNor's commitment to help create dynamic economies that support prosperity an elevate Canada's North.
Quotes
"To build a strong Canadian economy, we need small businesses to keep innovating, not only for their local communities but for national and international markets. Our new government is supporting initiatives that strengthen small business capacity so they can continue to drive growth in our economy."
- The Honourable Rebecca Chartrand, Minister of Northern and Arctic Affairs and Minister responsible for CanNor
"Projects like this help entrepreneurs build capacity, find local solutions, and grow with confidence. In turn, this strengthens our local economy and helps us all choose Canada."
- The Honourable Rebecca Alty, Minister of Crown-Indigenous Relations
"We're grateful for CanNor's continued investment in our events, which serve as platforms for delivering capacity-building support to our local business community. With a focus on training, leadership development, and strengthening connections, our sessions are designed to meet the needs of our members. This year's programming is shaped by feedback collected through membership surveys over the past several years, ensuring we reflect the priorities of the business community we serve."
- Tracy Peters, Manager of Member Relations & Program Coordinator, Yellowknife Chamber of Commerce
Quick facts
CanNor is investing $150,000 through the IDEANorth program. IDEANorth makes foundational investments in economic infrastructure, sector development and capacity building to help position Northerners to take advantage of Canada's innovation economy.
Total project costs are $225,000, including an investment of $52,500 from the Government of the Northwest Territories, with remaining costs covered by the Yellowknife Chamber of Commerce.
Associated links
Canadian Northern Economic Development Agency
Yellowknife Chamber of Commerce
Stay connected: www.cannor.gc.ca
Follow CanNor on X, Facebook and LinkedIn.
SOURCE Canadian Northern Economic Development Agency (CanNor)
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Cision Canada
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Cision Canada
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Canadian Tire Corporation Reports Strong Second Quarter 2025 Results Français
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Gross Average Accounts Receivable 1 was up 1.7% relative to the prior year, driven by continued cardholder engagement that led to a 2.0% increase in average account balance 1, with credit card sales growth 1 up 3.9%. Refer to the Company's Q2 2025 MD&A section 4.3.1 and 4.3.2 for additional details on events that have impacted the Financial Services segment in the quarter. CT REIT OVERVIEW Diluted Adjusted Funds from Operations 1 (AFFO) per unit was up 1.6% compared to Q2 2024; diluted net income per unit was $0.365, compared to $0.346 in Q2 2024. Announced two new investments totaling $66 million, which are expected to add approximately 252,000 square feet of incremental gross leasable area upon completion. For further information, refer to the Q2 2025 CT REIT earnings release issued on August 5, 2025. CAPITAL ALLOCATION CAPITAL EXPENDITURES Total capital expenditures were $114.1 million, compared to $139.8 million in Q2 2024. Operating capital expenditures were $103.0 million in the quarter, compared to $128.1 million in Q2 2024. 2025 operating capital expenditures are expected to be within the Company's previously disclosed range of $525.0 million to $575.0 million. QUARTERLY DIVIDEND On August 6, 2025, the Company's Board of Directors declared a dividend of $1.775 per share, payable on December 1, 2025, to shareholders of record as of October 31, 2025. The dividend is considered an "eligible dividend" for tax purposes. SHARE REPURCHASES On November 7, 2024, the Company announced its intention to repurchase up to $200 million of its Class A Non-Voting Shares, in excess of the amount required for anti-dilutive purposes, in 2025. On March 6, 2025, as part of the announcement of its True North strategy, the Company increased its share repurchase intention to up to $400 million in 2025, subject to the completion of the sale of Helly Hansen (the 2025 Share Purchase Intention); repurchases will be made under the 2025-26 NCIB. At the end of Q2, the Company had repurchased a total of 1,551,328 shares for $250.1 million under the 2025 Share Purchase Intention. 1) NON-GAAP FINANCIAL MEASURES AND RATIOS AND SUPPLEMENTARY FINANCIAL MEASURES This press release contains non-GAAP financial measures and ratios, and supplementary financial measures. References below to the Q2 2025 MD&A mean the Company's Management's Discussion and Analysis for the Second Quarter ended June 28, 2025, which is available on SEDAR+ at and is incorporated by reference herein. Non-GAAP measures and non-GAAP ratios have no standardized meanings under GAAP and may not be comparable to similar measures of other companies. A) Non-GAAP Financial Measures and Ratios Normalized Diluted Earnings per Share Normalized diluted EPS, a non-GAAP ratio, is calculated by dividing Normalized Net Income Attributable to Shareholders, a non-GAAP financial measure, by total diluted shares of the Company. For information about these measures, see section 9.1 of the Company's Q2 2025 MD&A. The following table is a reconciliation of normalized net income attributable to shareholders of the Company to the respective GAAP measures: YTD YTD (C$ in millions) Q2 2025 Q2 2024 Q2 2025 Q2 2024 Net income $ 188.3 $ 232.4 $ 235.3 $ 311.5 Net income attributable to shareholders 168.2 207.7 195.5 267.6 Add normalizing items, net of tax: Restructuring costs — — 70.3 — Other transformation and advisory costs 27.7 — 41.5 — Normalized Net income $ 216.0 $ 232.4 $ 347.1 $ 311.5 Normalized Net income attributable to shareholders $ 195.9 $ 207.7 $ 307.3 $ 267.6 Normalized Diluted EPS $ 3.57 $ 3.72 $ 5.56 $ 4.80 Consolidated Normalized Income Before Income Taxes, and Retail Normalized Income Before Income Taxes Consolidated Normalized Income Before Income Taxes, and Retail Normalized Income before Income Taxes are non-GAAP financial measures. For information about these measures, see section 9.1 of the Company's Q2 2025 MD&A. The following table reconciles Consolidated Normalized Income Before Income Taxes to Income Before Income Taxes: YTD YTD (C$ in millions) Q2 2025 Q2 2024 Q2 2025 Q2 2024 Income before income taxes $ 258.3 $ 306.9 $ 309.9 $ 409.8 Add normalizing items: Restructuring costs — — 95.4 — Other transformation and advisory costs 37.7 — 56.4 — Normalized Income before income taxes $ 296.0 $ 306.9 $ 461.7 $ 409.8 The following table reconciles Retail Normalized Income Before Income Taxes to Income Before Income Taxes: YTD YTD (C$ in millions) Q2 2025 Q2 2024 Q2 2025 Q2 2024 Income before income taxes $ 258.3 $ 306.9 $ 309.9 $ 409.8 Less: Other operating segments 97.2 125.7 212.0 246.9 Retail Income (loss) before income taxes $ 161.1 $ 181.2 $ 97.9 $ 162.9 Add normalizing items: Restructuring costs — — 95.4 — Other transformation and advisory costs 37.7 — 56.4 — Retail Normalized Income before income taxes $ 198.8 $ 181.2 $ 249.7 $ 162.9 CT REIT Adjusted Funds from Operations and AFFO per unit AFFO per unit, a non-GAAP ratio, is calculated by dividing AFFO by the weighted average number of units outstanding on a diluted basis. AFFO is a non-GAAP financial measure. The following table reconciles GAAP Income before income taxes to FFO and further reconciles FFO to AFFO: Diluted FFO per unit and Diluted AFFO per unit Diluted FFO per unit and Diluted AFFO per unit are calculated by dividing FFO or AFFO by the weighted average number of units outstanding on a diluted basis. Management believes that these measures are useful to investors to assess the effect of this measure as it relates to their holdings. 1 Diluted units include restricted and deferred units issued under various plans and exclude the effects of settling 1 Diluted units include restricted and deferred units issued under various plans and exclude the effects of settling the Class C LP Units with Class B LP Units. Retail Return on Invested Capital (ROIC) ROIC is calculated as Retail return divided by the Retail invested capital. Retail return is defined as trailing 12-month Retail after-tax earnings excluding interest expense, lease related depreciation expense, inter-segment earnings, and any normalizing items. Retail invested capital is defined as Retail segment total assets, less Retail segment trade payables and accrued liabilities and inter-segment balances based on an average of the trailing four quarters. Retail return and Retail invested capital are non-GAAP financial measures. For more information about these measures, see section 9.1 of the Company's Q2 2025 MD&A. 1 Intercompany adjustments include intercompany income received from CT REIT which is included in the Retail segment, and intercompany investments made by the Retail segment in CT REIT and CTFS. 2 Excludes Franchise Trust. 3 Trade payables and accrued liabilities include Trade and other payables, Short-term derivative liabilities, Short-term provisions and Income tax payables. Operating Capital Expenditures Operating capital expenditures is a non-GAAP financial measure. For more information about this measure, see section 9.1 of the Company's Q2 2025 MD&A. The following table reconciles total additions from the Investing activities reported in the Consolidated Statement of Cash Flows to Operating capital expenditures: 1 This line appears on the Consolidated Statement of Cash Flows under Investing activities. B) Supplementary Financial Measures and Ratios The measures below are supplementary financial measures. See Section 9.2 (Supplementary Financial Measures) of the Company's Q2 2025 MD&A for information on the composition of these measures. Consolidated retail sales Consolidated comparable sales Revenue (excluding Petroleum) Retail Revenue (excluding Petroleum) Retail sales and retail sales (excluding Petroleum) Canadian Tire Retail comparable and retail sales SportChek comparable and retail sales Mark's comparable and retail sales Retail gross margin and retail gross margin rate (excluding Petroleum) Gross Average Accounts Receivables Average account balance Credit card sales growth To view a PDF version of Canadian Tire Corporation's full quarterly earnings report please see: FORWARD-LOOKING STATEMENTS This press release contains information that may constitute forward-looking information within the meaning of applicable securities laws, which reflect management's current expectations regarding future events and the Company's True North strategy. All statements other than statements of historical facts contained in this press release may constitute forward-looking information, including but not limited to, information with respect to: the impacts of the Company's True North strategy; the planned launch of loyalty partnerships with RBC and WestJet; the Company's 2025 operating capital expenditure expectations, including planned investments in stores; and the Company's intention to repurchase its Class A Non-Voting Shares. Readers are cautioned that such information may not be appropriate for other purposes. Often, but not always, forward-looking information can be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "believe", "estimate", "plan", "can", "could", "should", "would", "outlook", "target", "forecast", "anticipate", "aspire", "foresee", "continue", "ongoing" or the negative of these terms or variations of them or similar terminology. Although the Company believes that the forward-looking information in this press release is based on information, estimates and assumptions that are reasonable, such information is necessarily subject to a number of risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied in such forward-looking information. For information on the material risks, uncertainties, factors and assumptions that could cause the Company's actual results to differ materially from the forward-looking information, refer to section 14.0 (Caution Regarding Forward-Looking Information) of the Company's Q2 MD&A, available on the SEDAR+ website at and The Company does not undertake to update any forward-looking information, whether written or oral, except as is required by applicable laws. CONFERENCE CALL Canadian Tire will conduct a conference call to discuss information included in this news release and related matters at 8:00 a.m. ET on Thursday, August 7, 2025. The conference call will be available simultaneously and in its entirety to all interested investors and the news media through a webcast at and will be available through replay at this website for 12 months. ABOUT CANADIAN TIRE CORPORATION Canadian Tire Corporation, Limited (TSX: CTC.A, TSX: CTC, "CTC") has been a proudly Canadian business since 1922. Guided by its brand purpose, "We are here to make life in Canada better," CTC has built an expansive national retail presence, exceptional customer brand trust and one of Canada's strongest workforces – employing, along with its local Dealers and franchisees, tens of thousands of Canadians. At its core are retail businesses, each designed to serve life's pursuits: Canadian Tire, offering products spanning Living, Playing, Fixing, Automotive, and Seasonal & Gardening, bolstered by its PartSource and Party City banners; Mark's, a leading source for casual and industrial wear; SportChek, Hockey Experts, Sports Experts and Atmosphere, offering the best brands of active wear and gear; and Pro Hockey Life, a hockey specialty store catering to elite players. CTC's banners, brand partners and credit card offerings are unified through its Triangle Rewards loyalty program – a linchpin of CTC's customer-driven strategy. With nearly 12 million members, Triangle integrates first-party data to deliver valuable rewards and personalized experiences across nearly 1,700 retail and gasoline outlets. CTC also operates a retail petroleum business and a Financial Services business and holds a majority interest in CT REIT, a TSX-listed Canadian real estate investment trust. 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Cision Canada
28 minutes ago
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Century Casinos, Inc. Announces Second Quarter 2025 Results
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Following various inquiries from third parties about potential asset sales and strategic partnerships, we have initiated a strategic review process as part of our ongoing commitment to driving long-term value creation and optimizing our portfolio of assets and operations," Erwin Haitzmann and Peter Hoetzinger, Co-Chief Executive Officers of Century Casinos remarked. Sports Betting – Missouri – In May 2025, the Company announced that it has partnered with BetMGM to operate an online and mobile sports betting application under the Company's license in Missouri. The agreement includes a percentage of net gaming revenue payable to the Company, with a guaranteed minimum, as well as retail sportsbook options to be exercised at the Company's discretion. Sports betting is expected to begin in Missouri in the fourth quarter of 2025. Caruthersville, Missouri – Since the opening of the new casino and hotel on November 1, 2024, net operating revenue and Adjusted EBITDAR** have increased 26% and 31% respectively. Poland – The Company was awarded a second license in the city of Wroclaw in March 2025. The Company expects to open the casino in the fourth quarter of 2025. The Company was notified in June 2025 that it had not received a new license for a second casino in Warsaw and closed the casino at the Hilton Hotel. The license for the Company's flagship casino in Warsaw at The Presidential Hotel runs through 2028. Strategic Review Process – The Company's Board of Directors (the "Board") has initiated a comprehensive strategic review of its operations, capital structure and strategic growth options. The review will explore a range of potential strategic alternatives for the Company's assets and businesses aimed at enhancing shareholder value and supporting long-term growth. These alternatives may include opportunities to unlock value within our existing property portfolio, optimize the Company's capital structure, evaluate potential mergers, strategic partnerships, or the sale of the Company, and to analyze potential divestments of assets or other asset-level transactions. In connection with this review, the Company has engaged Faegre Drinker Biddle & Reath LLP as legal counsel and Macquarie Capital as financial advisor. This review follows the Company's recent substantial capital expenditure program and solid operational performance in the second quarter of 2025 and reflects the Board's proactive approach to positioning the Company for future success in an evolving market landscape. The Board has not set a timetable for the conclusion of this review. At this stage, no commitments or decisions have been made and there can be no assurance that the review will result in any transaction or particular change to the Company's business. The Company does not intend to make further public comments on the process unless and until it determines that further disclosure is appropriate or necessary. June 30, 2025 and 2024 are as follows: For the three months For the six months Amounts in thousands, except per share data ended June 30, % ended June 30, % Consolidated Results: 2025 2024 Change 2025 2024 Change Net Operating Revenue $ 150,818 $ 146,435 3 % $ 281,261 $ 282,451 — Earnings from operations 16,575 14,261 16 % 23,715 22,547 5 % Net loss attributable to Century Casinos, Inc. shareholders $ (12,309) $ (41,613) 70 % $ (32,922) $ (55,157) 40 % Adjusted EBITDAR** $ 30,304 $ 27,448 10 % $ 50,459 $ 48,697 4 % Net loss per share attributable to Century Casinos, Inc. shareholders: Basic $ (0.40) $ (1.36) 71 % $ (1.08) $ (1.81) 40 % Diluted $ (0.40) $ (1.36) 71 % $ (1.08) $ (1.81) 40 % RESULTS BY REPORTABLE SEGMENT* Following is a summary of the changes in net operating revenue by reportable segment for the three and six months ended June 30, 2025, compared to the three and six months ended June 30, 2024: Net Operating Revenue For the three months For the six months Amounts in ended June 30, $ % ended June 30, $ % thousands 2025 2024 Change Change 2025 2024 Change Change United States $ 106,104 $ 106,515 $ (411) — $ 199,401 $ 202,543 $ (3,142) (2 %) Canada 20,005 19,827 178 1 % 36,521 38,153 (1,632) (4 %) Poland 24,709 20,093 4,616 23 % 45,339 41,742 3,597 9 % Corporate and Other — — — — — 13 (13) (100 %) Consolidated $ 150,818 $ 146,435 $ 4,383 3 % $ 281,261 $ 282,451 $ (1,190) — Following is a summary of the changes in earnings (loss) from operations by reportable segment for the three and six months ended June 30, 2025, compared to the three and six months ended June 30, 2024: Earnings (Loss) from Operations For the three months For the six months Amounts in ended June 30, $ % ended June 30, $ % thousands 2025 2024 Change Change 2025 2024 Change Change United States $ 14,729 $ 14,102 $ 627 4 % $ 22,076 $ 22,561 $ (485) (2 %) Canada 4,533 4,362 171 4 % 7,894 8,398 (504) (6 %) Poland 464 (181) 645 356 % 355 (202) 557 276 % Corporate and Other (3,151) (4,022) 871 22 % (6,610) (8,210) 1,600 20 % Consolidated $ 16,575 $ 14,261 $ 2,314 16 % $ 23,715 $ 22,547 $ 1,168 5 % Following is a summary of the changes in net (loss) earnings attributable to Century Casinos, Inc. shareholders by reportable segment for the three and six months ended June 30, 2025, compared to the three and six months ended June 30, 2024: Net (Loss) Earnings Attributable to Century Casinos, Inc. Shareholders For the three months For the six months Amounts in ended June 30, $ % ended June 30, $ % thousands 2025 2024 Change Change 2025 2024 Change Change United States $ (487) $ (27,593) $ 27,106 98 % $ (8,030) $ (29,137) $ 21,107 72 % Canada 599 1,009 (410) (41 %) 533 2,146 (1,613) (75 %) Poland 245 (40) 285 713 % 81 (35) 116 331 % Corporate and Other (12,666) (14,989) 2,323 16 % (25,506) (28,131) 2,625 9 % Consolidated $ (12,309) $ (41,613) $ 29,304 70 % $ (32,922) $ (55,157) $ 22,235 40 % Items deducted from or added to earnings (loss) from operations to arrive at net (loss) earnings attributable to Century Casinos, Inc. shareholders include interest income, interest expense, gains (losses) on foreign currency transactions and other, income tax (benefit) expense, and non-controlling interests. Following is a summary of the changes in Adjusted EBITDAR** by reportable segment for the three and six months ended June 30, 2025 compared to the three and six months ended June 30, 2024: Adjusted EBITDAR** For the three months For the six months Amounts in ended June 30, $ % ended June 30, $ % thousands 2025 2024 Change Change 2025 2024 Change Change United States $ 25,693 $ 25,037 $ 656 3 % $ 44,092 $ 44,175 $ (83) — Canada 5,607 5,451 156 3 % 9,967 10,599 (632) (6 %) Poland 1,942 450 1,492 332 % 2,488 1,208 1,280 106 % Corporate and Other (2,938) (3,490) 552 16 % (6,088) (7,285) 1,197 16 % Consolidated $ 30,304 $ 27,448 $ 10 % $ 50,459 $ 48,697 $ 1,762 4 % BALANCE SHEET AND LIQUIDITY As of June 30, 2025, the Company had $85.5 million in cash and cash equivalents compared to $84.7 million at March 31, 2025 and $98.8 million at December 31, 2024. Cash and cash equivalents decreased compared to December 31, 2024 primarily due to purchases of property and equipment of $12.5 million. As of June 30, 2025, the Company had $338.1 million in outstanding debt compared to $339.6 million in outstanding debt at December 31, 2024. The outstanding debt as of June 30, 2025 included $335.1 million related to a term loan under the Company's credit agreement with Goldman Sachs Bank USA ("Goldman"), $0.8 million of bank debt related to Century Resorts Management GmbH ("CRM") and $2.2 million related to a revolving credit facility related to Casinos Poland ("CPL"). The Company also has a revolving line of credit with Goldman of up to $30.0 million. If the Company has aggregate outstanding revolving loans, swingline loans and letters of credit greater than $10.5 million under the credit agreement with Goldman as of the last day of any fiscal quarter, it is required to maintain a Consolidated First Lien Net Leverage Ratio of 5.50 to 1.00 or less for such fiscal quarter. As of June 30, 2025, the Consolidated First Lien Net Leverage Ratio exceeded 5.50 to 1.00, but the Company had no outstanding revolving loans, swingline loans or letters of credit under the credit agreement with Goldman. The Company also has a $712.9 million long-term financing obligation under its master lease with subsidiaries of VICI Properties, Inc. (the "Master Lease"). Today the Company will post a copy of its quarterly report on Form 10-Q filed with the SEC for the quarter ended June 30, 2025 on its website at The Company will also post its current presentation, which may be used in one or more meetings with current and potential investors from time to time, at the Company's website under The Company will host its second quarter 2025 earnings conference call today, Thursday, August 7, 2025 at 10:00 am EDT / 8:00 am MDT. U.S. domestic participants should dial 888-999-6281. For all international participants, please use 848-280-6550 to dial-in. The conference ID is 'Casinos'. Participants may listen to the call live at or obtain a recording of the call on the Company's website until August 31, 2025 at CENTURY CASINOS, INC. AND SUBSIDIARIES UNAUDITED FINANCIAL INFORMATION – US GAAP BASIS Condensed Consolidated Statements of Loss For the three months For the six months ended June 30, ended June 30, Amounts in thousands, except for per share information 2025 2024 2025 2024 Operating revenue: Net operating revenue $ 150,818 $ 146,435 $ 281,261 $ 282,451 Operating costs and expenses: Total operating costs and expenses 134,243 132,174 257,546 259,904 Earnings from operations 16,575 14,261 23,715 22,547 Non-operating (expense) income, net (24,898) (23,655) (50,435) (47,621) Loss before income taxes (8,323) (9,394) (26,720) (25,074) Income tax expense (1,250) (29,619) (1,732) (25,633) Net loss (9,573) (39,013) (28,452) (50,707) Net earnings attributable to non-controlling interests (2,736) (2,600) (4,470) (4,450) Net loss attributable to Century Casinos, Inc. shareholders $ (12,309) $ (41,613) $ (32,922) $ (55,157) Net loss per share attributable to Century Casinos, Inc. shareholders: Basic $ (0.40) $ (1.36) $ (1.08) $ (1.81) Diluted $ (0.40) $ (1.36) $ (1.08) $ (1.81) Weighted average common shares Basic 30,565 30,683 30,624 30,551 Diluted 30,565 30,683 30,624 30,551 Condensed Consolidated Balance Sheets June 30, December 31, Amounts in thousands 2025 2024 Assets Current assets $ 119,292 $ 135,549 Property and equipment, net 916,120 922,146 Other assets 173,039 168,617 Total assets $ 1,208,451 $ 1,226,312 Liabilities and Equity Current liabilities $ 84,230 $ 86,044 Non-current liabilities 1,074,022 1,058,264 Century Casinos, Inc. shareholders' equity (deficit) (41,493) (9,300) Non-controlling interests 91,692 91,304 Total liabilities and equity $ 1,208,451 $ 1,226,312 CENTURY CASINOS, INC. AND SUBSIDIARIES UNAUDITED SUPPLEMENTAL INFORMATION Reconciliation of Adjusted EBITDAR* to Net (Loss) Earnings Attributable to Century Casinos, Inc. Shareholders by Reportable Segment. For the three months ended June 30, 2025 Amounts in thousands United States Canada Poland Corporate and Other Total Net (loss) earnings attributable to Century Casinos, Inc. shareholders $ (487) $ 599 $ 245 $ (12,666) $ (12,309) Interest expense (income), net (1) 13,082 3,338 49 9,469 25,938 Income tax expense 223 748 241 38 1,250 Depreciation and amortization 11,010 1,074 741 18 12,843 Net earnings attributable to non-controlling interests 1,840 772 124 — 2,736 Non-cash stock-based compensation — — — 195 195 (Gain) loss on foreign currency transactions, cost recovery income and other (2) — (922) (210) 8 (1,124) Loss (gain) on disposition of fixed assets 25 (2) 11 — 34 Pre-opening and termination expenses — — 741 — 741 Adjusted EBITDAR $ 25,693 $ 5,607 $ 1,942 $ (2,938) $ 30,304 (1) See "Summary of Interest Expense (Income), Net" below for a breakdown of interest expense (income), net and "Cash Rent Payments" below for more information on the rent payments related to the Master Lease. (2) Includes $1.0 million related to cost recovery income for Century Downs Racetrack and Casino ("CDR") in the Canada segment. For the three months ended June 30, 2024 Amounts in thousands United States Canada Poland Corporate and Other Total Net (loss) earnings attributable to Century Casinos, Inc. shareholders $ (27,593) $ 1,009 $ (40) $ (14,989) $ (41,613) Interest expense (income), net (1) 11,694 3,152 (20) 10,257 25,083 Income tax expense 28,225 456 87 851 29,619 Depreciation and amortization 10,803 1,088 515 43 12,449 Net earnings (loss) attributable to non-controlling interests 1,776 843 (19) — 2,600 Non-cash stock-based compensation — — — 343 343 (Gain) loss on foreign currency transactions and cost recovery income (2) — (1,098) (189) 5 (1,282) Loss on disposition of fixed assets 132 1 116 — 249 Adjusted EBITDAR $ 25,037 $ 5,451 $ 450 $ (3,490) $ 27,448 (1) See "Summary of Interest Expense (Income), Net" below for a breakdown of interest expense (income), net and "Cash Rent Payments" below for more information on the rent payments related to the Master Lease. (2) Includes $1.1 million related to cost recovery income for CDR in the Canada segment. CENTURY CASINOS, INC. AND SUBSIDIARIES UNAUDITED SUPPLEMENTAL INFORMATION Reconciliation of Adjusted EBITDAR* to Net (Loss) Earnings Attributable to Century Casinos, Inc. Shareholders by Reportable Segment. For the six months ended June 30, 2025 Amounts in thousands United States Canada Poland Corporate and Other Total Net (loss) earnings attributable to Century Casinos, Inc. shareholders $ (8,030) $ 533 $ 81 $ (25,506) $ (32,922) Interest expense (income), net (1) 26,189 6,546 91 18,768 51,594 Income tax expense 223 964 331 214 1,732 Depreciation and amortization 22,016 2,073 1,111 36 25,236 Net earnings attributable to non-controlling interests 3,623 805 42 — 4,470 Non-cash stock-based compensation — — — 486 486 Gain on foreign currency transactions, cost recovery income and other (2) — (952) (205) (86) (1,243) Loss (gain) on disposition of fixed assets 71 (2) 15 — 84 Pre-opening and termination expenses — — 1,022 — 1,022 Adjusted EBITDAR $ 44,092 $ 9,967 $ 2,488 $ (6,088) $ 50,459 (1) See "Summary of Interest Expense (Income), Net" below for a breakdown of interest expense (income), net and "Cash Rent Payments" below for more information on the rent payments related to the Master Lease. (2) Includes $1.0 million related to cost recovery income for CDR in the Canada segment. For the six months ended June 30, 2024 Amounts in thousands United States Canada Poland Corporate and Other Total Net (loss) earnings attributable to Century Casinos, Inc. shareholders $ (29,137) $ 2,146 $ (35) $ (28,131) $ (55,157) Interest expense (income), net (1) 23,440 6,061 (55) 20,765 50,211 Income tax expense (benefit) 24,705 1,184 238 (494) 25,633 Depreciation and amortization 21,093 2,237 1,053 97 24,480 Net earnings (loss) attributable to non-controlling interests 3,553 914 (17) — 4,450 Non-cash stock-based compensation — — — 846 846 Gain on foreign currency transactions, cost recovery income and other (2) — (1,907) (333) (350) (2,590) Loss (gain) on disposition of fixed assets 521 (36) 357 1 843 Acquisition costs — — — (19) (19) Adjusted EBITDAR $ 44,175 $ 10,599 $ 1,208 $ (7,285) $ 48,697 (1) See "Summary of Interest Expense (Income), Net" below for a breakdown of interest expense (income), net and "Cash Rent Payments" below for more information on the rent payments related to the Master Lease. (2) Includes $1.1 million related to cost recovery income for CDR in the Canada segment. CENTURY CASINOS, INC. AND SUBSIDIARIES UNAUDITED SUPPLEMENTAL INFORMATION Reconciliation of Caruthersville Adjusted EBITDAR* to Net Earnings Attributable to Century Casinos, Inc. Shareholders. Amounts in thousands Q4 2024 (1) Q1 2025 Q2 2025 Total Net earnings attributable to Century Casinos, Inc. shareholders $ 1,070 $ 1,497 $ 1,185 $ 3,752 Interest expense (income), net 1,906 3,051 3,165 8,122 Income tax expense 129 — 223 352 Depreciation and amortization 869 1,508 1,512 3,889 Loss on disposition of fixed assets 3 — 23 26 Adjusted EBITDAR $ 3,977 $ 6,056 $ 6,108 $ 16,141 Amounts in thousands Q4 2023 (2) Q1 2024 Q2 2024 Total Net earnings (loss) attributable to Century Casinos, Inc. shareholders $ 436 $ 1,468 $ (1,375) $ 529 Interest expense (income), net 1,277 1,928 1,849 5,054 Income tax expense 261 494 3,053 3,808 Depreciation and amortization 691 1,046 1,063 2,800 Loss on disposition of fixed assets 20 3 116 139 Adjusted EBITDAR $ 2,685 $ 4,939 $ 4,706 $ 12,330 (1) Results for November 1, 2024 to December 31, 2024. (2) Results for November 1, 2023 to December 31, 2023. Net Earnings (Loss) Margins and Adjusted EBITDAR Margins * For the three months For the six months ended June 30, ended June 30, 2025 2024 2025 2024 United States Net Operating Revenue $ 106,104 $ 106,515 $ 199,401 $ 202,543 Net Earnings (Loss) Margin (1 %) (26 %) (4 %) (14 %) Adjusted EBITDAR Margin 24 % 24 % 22 % 22 % Canada Net Operating Revenue $ 20,005 $ 19,827 $ 36,521 $ 38,153 Net Earnings (Loss) Margin 3 % 5 % 2 % 6 % Adjusted EBITDAR Margin 28 % 28 % 27 % 28 % Poland Net Operating Revenue $ 24,709 $ 20,093 $ 45,339 $ 41,742 Net Earnings (Loss) Margin 1 % — — — Adjusted EBITDAR Margin 8 % 2 % 6 % 3 % Corporate and Other Net Operating Revenue $ — $ — $ — $ 13 Net Earnings (Loss) Margin NM (1) NM NM NM Adjusted EBITDAR Margin NM NM NM NM Consolidated Net Operating Revenue $ 150,818 $ 146,435 $ 281,261 $ 282,451 Net Earnings (Loss) Margin (8 %) (28 %) (12 %) (20 %) Adjusted EBITDAR Margin 20 % 19 % 18 % 17 % (1) Not meaningful. (1) Represents payments with respect to the 50% interest in the Nugget Lease owned by Marnell Gaming, LLC through Smooth Bourbon, LLC ("Smooth Bourbon"), a 50% owned subsidiary of the Company that owns the real estate assets underlying the Nugget Casino Resort. The table below shows the Company's reporting units and operating segments that are included in each of the Company's reportable segments as of June 30, 2025. CENTURY CASINOS, INC. AND SUBSIDIARIES UNAUDITED SUPPLEMENTAL INFORMATION * We define Adjusted EBITDAR as net earnings (loss) attributable to Century Casinos, Inc. shareholders before interest expense (income) (including interest expense related to the Master Lease), net, income taxes (benefit), depreciation, amortization, non-controlling interests net earnings (losses) and transactions, pre-opening expenses, termination expenses related to closing a casino, acquisition costs, non-cash stock-based compensation charges, asset impairment costs, loss (gain) on disposition of fixed assets, discontinued operations, (gain) loss on foreign currency transactions, cost recovery income and other, gain on business combination and certain other one-time transactions. The Master Lease is accounted for as a financing obligation. As such, a portion of the periodic payment under the Master Lease is recognized as interest expense with the remainder of the payment impacting the financing obligation using the effective interest method. Intercompany transactions consisting primarily of management and royalty fees and interest, along with their related tax effects, are excluded from the presentation of net earnings (loss) attributable to Century Casinos, Inc. shareholders and Adjusted EBITDAR reported for each segment. Not all of the aforementioned items occur in each reporting period, but have been included in the definition based on historical activity. These adjustments have no effect on the consolidated results as reported under GAAP. Adjusted EBITDAR is used outside of our financial statements solely as a valuation metric and is not considered a measure of performance recognized under GAAP. Adjusted EBITDAR is an additional metric used by analysts in valuing gaming companies subject to triple net leases such as our Master Lease since it eliminates the effects of variability in leasing methods and capital structures. This metric is included as supplemental disclosure because (i) we believe Adjusted EBITDAR is used by gaming operator analysts and investors to determine the equity value of gaming operators and (ii) financial analysts refer to Adjusted EBITDAR when valuing our business. We believe Adjusted EBITDAR is useful for equity valuation purposes because (i) its calculation isolates the effects of financing real estate, and (ii) using a multiple of Adjusted EBITDAR to calculate enterprise value allows for an adjustment to the balance sheet to recognize estimated liabilities arising from operating leases related to real estate. Adjusted EBITDAR should not be construed as an alternative to net earnings (loss) attributable to Century Casinos, Inc. shareholders, the most directly comparable GAAP measure, as indicators of our performance. In addition, consolidated Adjusted EBITDAR also should not be viewed as a measure of overall operating performance or considered in isolation or as an alternative to net earnings (loss) attributable to Century Casinos, Inc. shareholders, because it excludes the rent expense associated with our Master Lease and several other items. Adjusted EBITDAR as used by us may not be defined in the same manner as other companies in our industry, and, as a result, may not be comparable to similarly titled non-GAAP financial measures of other companies. ** We define net earnings (loss) margin as net earnings (loss) attributable to Century Casinos, Inc. shareholders divided by net operating revenue. *** We define Adjusted EBITDAR margin as Adjusted EBITDAR divided by net operating revenue. Adjusted EBITDAR margins are a non-US GAAP measure. Management uses these margins as one of several measures to evaluate the efficiency of our casino operations. ABOUT CENTURY CASINOS, INC.: Century Casinos, Inc. is a casino entertainment company. In the United States the Company operates the following operating segments: (i) in the East, the Mountaineer Casino, Resort & Races in New Cumberland, West Virginia and Rocky Gap Casino, Resort & Golf in Flintstone, Maryland; (ii) in the Midwest, the Century Casinos & Hotels Cape Girardeau and Caruthersville in Missouri, and Century Casinos & Hotels in Cripple Creek and Central City, Colorado; and (iii) in the West, the Nugget Casino Resort, in Reno-Sparks, Nevada. In Alberta, Canada, the Company operates Century Casino & Hotel in Edmonton, the Century Casino in St. Albert, Century Mile Racetrack and Casino in Edmonton and CDR in Calgary. In Poland, the Company operates five casinos through its subsidiary Casinos Poland Ltd. The Company continues to pursue other projects in various stages of development. Century Casinos' common stock trades on The Nasdaq Capital Market® under the symbol CNTY. For more information about Century Casinos, visit our website at This release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These statements are based on the beliefs and assumptions of the management of Century Casinos based on information currently available to management. Such forward-looking statements include, but are not limited to, statements regarding our strategic review process and the results thereof, the commencement of sports betting in Missouri, our agreement with BetMGM and any expected benefits thereto, our recently opened Caruthersville land-based casino and hotel, licensing and opening of our Poland casinos, expectations for our Poland segment moving forward, the Goldman credit agreement and obligations under our Master Lease and our ability to repay our debt and other obligations, outcomes of legal proceedings, changes in our tax provisions or exposure to additional income tax liabilities, and plans for our casinos and our Company, including expectations regarding 2025 and later results. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially from the forward-looking statements include, among others, the risks described in the section entitled "Risk Factors" under Item 1A in our Annual Report on Form 10-K for the year ended December 31, 2024, and in subsequent periodic and current SEC filings we may make. Century Casinos