Century Casinos hits all-time record Q1 revenue as operational turnaround accelerates

Century Casinos (NASDAQ:CNTY) delivered a record-breaking performance for the opening quarter of 2026, signaling that its recent capital investments and geographic diversification are beginning to yield higher operational efficiency.

For the first quarter ended March 31, 2026, the Colorado Springs-based operator reported an all-time first-quarter record for net operating revenue of $137.2 million, a 5% increase over the same period in 2025.

The company saw a significant improvement in its core profitability metrics.

Earnings from operations jumped to $11.8 million, a 65% increase year-over-year, while adjusted EBITDAR rose 24% to $24.9 million.

While the company still reported a net loss attributable to shareholders of $16.5 million, this represented a 20% narrowing compared to the prior-year loss, primarily due to higher interest expenses and non-cash charges associated with its property portfolio.

The revenue growth was supported by steady performance across the company's North American and European portfolios.

As of March 31, 2026, Century Casinos maintained a solid liquidity profile to support its ongoing operations and debt obligations.

The company reported cash and cash equivalents of $60 million.

Total outstanding debt stood at $336.7 million, largely stemming from the financing of the Nugget acquisition and the development of its hotel project in Cape Girardeau, Missouri.