Century Casinos Q2 2025 Earnings: Revenue Surpasses Expectations, EPS Falls Short

Century Casinos Inc reported Q2 2025 revenue of $150.8M, beating estimates. Despite a net loss of $12.3M, the company improved from last year's loss of $41.6M. The Poland segment saw a 23% revenue increase, driven by expansions and new licenses. The company also announced a partnership with BetMGM for sports betting in Missouri, expected to start in Q4 2025.

Century Casinos Inc. (NASDAQ:CNTY) reported its second-quarter 2025 earnings on August 6, 2025, revealing a strong performance with revenue of $150.8 million, surpassing analyst expectations of $148.7 million [1]. Despite a net loss of $12.3 million, the company achieved a significant improvement from last year's loss of $41.6 million, representing a 70% year-over-year improvement [1].

The Poland segment stood out, with a 23% increase in revenue, driven by expansions and new licenses [1]. The company also announced a partnership with BetMGM for sports betting in Missouri, expected to start in Q4 2025 [1]. The Poland segment's growth was partly offset by the closure of the Warsaw Hilton location in June 2025, but the company anticipates the opening of a new property in Wroclaw in the fourth quarter of 2025 [1].

The company's adjusted EBITDAR (non-GAAP) rose to $30.3 million, up 10% from the prior year, and the consolidated adjusted EBITDAR margin improved to 20% [1]. The net loss attributable to shareholders narrowed to $12.3 million, a 70% improvement compared to the prior year [1]. However, total interest and lease expenses remained elevated, with net interest expense at $25.9 million and lease obligations at $712.9 million as of June 30, 2025 [1].

The company launched a formal strategic review to assess possibilities for mergers, partnerships, or the sale of some or all of its assets, signaling a recognition of ongoing capital structure challenges and the need to consider alternative paths to unlock value for shareholders [1]. Management also highlighted the upcoming debut of online sports betting in Missouri through a BetMGM partnership, set for Q4 2025 and expected to provide additional revenue streams [1].

Looking ahead, investors may focus on the sustainability of improving operating margins, the pace of new property ramp-ups, and the reduction in high leverage. The announced strategic review adds uncertainty and could lead to significant changes in the company’s business profile [1]. It will be important to watch the outcomes of pending property developments and any moves resulting from management’s review process.

References:
[1] https://www.nasdaq.com/articles/century-casinos-cnty-q2-revenue-3