Latest news with #CNTY
Yahoo
4 days ago
- Business
- Yahoo
Century Casinos, Inc. (CNTY): A Bull Case Theory
We came across a bullish thesis on Century Casinos, Inc. (CNTY) on The Hermit's Substack. In this article, we will summarize the bulls' thesis on CNTY. Century Casinos, Inc. (CNTY)'s share was trading at $1.99 as of 29th May. CNTY's trailing and forward P/E were 17.08 and 19.16, respectively, according to Yahoo Finance. Copyright: sainaniritu / 123RF Stock Photo Century Casinos' long-established operations in Colorado offer a clear window into the company's disciplined and founder-led approach to asset management. On a recent site tour through the western and midwestern U.S., including stops in Nevada, Arizona, New Mexico, Colorado, and Nebraska, the focus centered on Century's legacy properties in Cripple Creek and Central City—its first acquisitions dating back to 1996 and 2006, respectively. These casinos, with nearly three decades of operational continuity, reflect the founding vision of Erwin Haitzmann and Peter Hoetzinger and serve as operating templates for Century's broader portfolio. Unlike newer properties that prioritize revenue growth, the Colorado locations are highly optimized for cost control, acting more as dependable cash flow generators than aggressive growth engines. This disciplined structure enables Century to fuel expansion in other markets, such as their recent acquisition in Sparks–Reno, Nevada. Vice President Ahmad Ahmad expressed optimism for the region, noting that while the properties are smaller in scale, they punch above their weight in profitability. The site visit involved in-depth conversations with local staff and patrons, offering a qualitative perspective on service standards, food and beverage quality, and hotel experience. Special attention was paid to room cleanliness and hospitality, with a hospitality-savvy associate applying a thorough checklist to assess guest accommodations. The hands-on, grassroots evaluation provided more than just operational insights—it highlighted how culture and team partnerships enhance the investment process. Overall, Century's Colorado properties underscore a strategic foundation of fiscal prudence, reliable cash flow, and executional consistency that support its broader expansion story. Century Casinos, Inc. (CNTY) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 9 hedge fund portfolios held CNTY at the end of the first quarter which was 10 in the previous quarter. While we acknowledge the potential of CNTY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey.
Yahoo
13-05-2025
- Business
- Yahoo
Century Casinos Inc (CNTY) Q1 2025 Earnings Call Highlights: Strong Caruthersville Performance ...
Revenue: $130.4 million for Q1 2025. EBITDAR: $20.2 million for the quarter. Operating Margin: Maintained consistent with Q1 of last year despite challenges. Carded Gaming Revenue (U.S.): Increased by 1%. Uncarded Gaming Revenue (U.S.): Decreased by 2.5%. Total Visitor Volume: Down 3% with a 2% decline in total trips. Spend Per Trip: Increased by 4%. Caruthersville Property Revenue: Gaming revenue up 17% or $2.1 million compared to Q1 last year. Caruthersville EBITDAR Margin: Running at 43%. Cape Girardeau EBITDAR Margin: 36% for the quarter. Colorado Sports Betting Income Loss: Approximately $0.50 million for the quarter. Nugget Casino Resort EBITDAR: Positive $700,000 turnaround from a negative last year. Cash and Cash Equivalents: $85 million at the end of the quarter. Total Debt: $340 million with net debt of $255 million. Net Debt-to-EBITDAR Ratio: 6.9 times, 7.6 times on a lease-adjusted basis. CapEx: $4 million for growth projects and $14 million in maintenance CapEx expected. Warning! GuruFocus has detected 8 Warning Signs with CNTY. Release Date: May 12, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Century Casinos Inc (NASDAQ:CNTY) reported a revenue of $130.4 million for Q1 2025, maintaining a consistent operating margin despite adverse weather conditions and other challenges. The new Caruthersville property in Missouri showed strong performance with a 17% increase in total gaming revenue, exceeding initial expectations. The company is optimistic about the future with sports betting expected to go live in Missouri by the end of the year, potentially boosting high-margin EBITDAR. The Nugget Casino Resort in Sparks-Reno, Nevada, turned around its EBITDAR from a negative last year to a positive $700,000 this quarter, indicating successful cost-cutting measures. Century Casinos Inc (NASDAQ:CNTY) has a solid cash position of $85 million and plans to buy back stock, indicating confidence in the company's growth potential and undervalued share price. The company faced significant challenges due to weather impacts, one less operating day, and a partial loss of sports betting revenue in Colorado, affecting overall performance. Visitor volume decreased by 3%, driven by a reduction in visits from the 50-plus age group, although this was partly offset by a 1% increase from younger guests. In Colorado, the loss of two-thirds of sports betting income resulted in a $0.50 million decline for the quarter, impacting overall revenue. The East segment, including Mountaineer in West Virginia and Rocky Gap in Maryland, experienced a challenging quarter with lower-end customers underperforming. The company's net debt-to-EBITDAR ratio is currently high at 6.9 times, although it is expected to decrease by the end of the year. Q: Have you noticed any softening in consumer behavior for your Canadian assets due to trade war uncertainty or energy prices? A: Erwin Haitzmann, Co-CEO, stated that they do not see significant impacts from the mentioned factors. Lower revenue is attributed to weather and one less gaming day, so they are not concerned. Q: Can you provide an update on growth initiatives at Rocky Gap? A: Peter Hoetzinger, Co-CEO, mentioned that renovations in the F&B area are complete, and they are reaching into Baltimore and Washington D.C. with marketing initiatives to attract more guests. Q: What has changed in your outlook since you gave year-end leverage targets two months ago? A: Erwin Haitzmann, Co-CEO, explained that while they see positive trends since mid-March, the timeframe is too short to project for the full year, leading to a more cautious outlook. Q: Are you exploring ways to monetize your casino database in Alberta with the legalization of online gaming? A: Erwin Haitzmann, Co-CEO, noted that they might partner with the Alberta Gaming Commission for database sharing, mainly focusing on sports betting opportunities. Q: Regarding the increased interest in Polish assets, do you expect a conclusion in 2025? A: Peter Hoetzinger, Co-CEO, expressed optimism that the sale could happen this year, although previous expectations were not met. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Washington Post
12-05-2025
- Business
- Washington Post
Century Casinos: Q1 Earnings Snapshot
COLORADO SPRINGS, Colo. — COLORADO SPRINGS, Colo. — Century Casinos Inc. (CNTY) on Monday reported a loss of $20.6 million in its first quarter. The Colorado Springs, Colorado-based company said it had a loss of 67 cents per share. The casino operator posted revenue of $130.4 million in the period. _____
Yahoo
12-05-2025
- Business
- Yahoo
Century Casinos: Q1 Earnings Snapshot
COLORADO SPRINGS, Colo. (AP) — COLORADO SPRINGS, Colo. (AP) — Century Casinos Inc. (CNTY) on Monday reported a loss of $20.6 million in its first quarter. The Colorado Springs, Colorado-based company said it had a loss of 67 cents per share. The casino operator posted revenue of $130.4 million in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on CNTY at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
