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Segment and Geographic Information (Tables)
 12 Months Ended
Dec. 31, 2015
Segment and Geographic Information [Abstract]  
Aggregation Of Operating Segments Into Reportable Segments

Reportable Segment

Operating Segment

Canada

Century Casino & Hotel - Edmonton

Canada

Century Casino Calgary

Canada

Century Downs Racetrack and Casino

United States

Century Casino & Hotel – Central City

United States

Century Casino & Hotel – Cripple Creek

Poland

Casinos Poland

Corporate and Other

Cruise Ships & Other

Corporate and Other

Corporate Other

 

Segment Information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amounts in thousands

 

For the year ended December 31, 2015

 

 

 

 

 

 

Canada

 

 

United States

 

 

Poland

 

 

Corporate and Other

 

 

Consolidated

Net operating revenue (1)

 

$

 45,900 

 

$

 28,438 

 

$

 52,208 

 

$

 7,885 

 

$

 134,431 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings (loss) attributable to Century Casinos, Inc. shareholders

 

$

 7,819 

 

$

 2,381 

 

$

 2,899 

 

$

 (1,192)

 

$

 11,907 

Interest expense (income), net

 

 

 3,160 

 

 

 1 

 

 

 129 

 

 

 (13)

 

 

 3,277 

Income taxes (benefit)

 

 

 2,110 

 

 

 1,461 

 

 

 1,136 

 

 

 (2,872)

 

 

 1,835 

Depreciation and amortization

 

 

 2,472 

 

 

 2,558 

 

 

 2,571 

 

 

 398 

 

 

 7,999 

Non-controlling interests

 

 

 152 

 

 

 0 

 

 

 1,448 

 

 

 0 

 

 

 1,600 

Non-cash stock-based compensation

 

 

 0 

 

 

 0 

 

 

 0 

 

 

 1,641 

 

 

 1,641 

(Gain) loss on foreign currency transactions and other

 

 

 (685)

 

 

 0 

 

 

 (1,444)

 

 

 3 

 

 

 (2,126)

Loss on disposition of fixed assets

 

 

 11 

 

 

 0 

 

 

 341 

 

 

 30 

 

 

 382 

Acquisition costs

 

 

 0 

 

 

 0 

 

 

 0 

 

 

 0 

 

 

 0 

Preopening expenses

 

 

 345 

 

 

 0 

 

 

 0 

 

 

 0 

 

 

 345 

Other one-time (income) costs (2)

 

 

 0 

 

 

 0 

 

 

 0 

 

 

 (3,365)

 

 

 (3,365)

Adjusted EBITDA

 

$

 15,384 

 

$

 6,401 

 

$

 7,080 

 

$

 (5,370)

 

$

 23,495 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-lived assets

 

$

 64,985 

 

$

 52,431 

 

$

 12,431 

 

$

 1,735 

 

$

 131,582 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital expenditures

 

$

 15,637 

 

$

 1,580 

 

$

 1,251 

 

$

 407 

 

$

 18,875 

 

(1)

Net operating revenue for Corporate and Other primarily relates to the Company’s cruise ship operations, including the $3.4 million in net operating revenue recognized in connection with the termination of the concession agreements with Oceania and Regent.  

(2)

Other one-time (income) costs for Corporate and Other were attributable to the termination of the Oceania and Regent concession agreements. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amounts in thousands

 

For the year ended December 31, 2014

 

 

 

 

 

Canada

 

United States

 

Poland

 

Corporate and Other

 

Consolidated

Net operating revenue (1)

 

$

 34,599 

 

$

 26,707 

 

$

 51,191 

 

$

 7,551 

 

$

 120,048 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings (loss) attributable to Century Casinos, Inc. shareholders

 

$

 6,446 

 

$

 1,283 

 

$

 (112)

 

$

 (6,385)

 

$

 1,232 

Interest expense (income), net

 

 

 2,473 

 

 

 1 

 

 

 319 

 

 

 (37)

 

 

 2,756 

Income taxes (benefit)

 

 

 1,971 

 

 

 786 

 

 

 25 

 

 

 (1,275)

 

 

 1,507 

Depreciation and amortization

 

 

 1,910 

 

 

 2,419 

 

 

 2,839 

 

 

 667 

 

 

 7,835 

Non-controlling interests

 

 

 (2,267)

 

 

 0 

 

 

 (54)

 

 

 0 

 

 

 (2,321)

Non-cash stock-based compensation

 

 

 0 

 

 

 0 

 

 

 0 

 

 

 1,028 

 

 

 1,028 

(Gain) loss on foreign currency transactions and other

 

 

 (193)

 

 

 0 

 

 

 (342)

 

 

 18 

 

 

 (517)

Loss on disposition of fixed assets

 

 

 2 

 

 

 39 

 

 

 587 

 

 

 3 

 

 

 631 

Acquisition costs

 

 

 115 

 

 

 0 

 

 

 0 

 

 

 266 

 

 

 381 

Other one-time (income) costs (2)

 

 

 (103)

 

 

 0 

 

 

 421 

 

 

 0 

 

 

 318 

Adjusted EBITDA

 

$

 10,354 

 

$

 4,528 

 

$

 3,683 

 

$

 (5,715)

 

$

 12,850 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-lived assets

 

$

 53,870 

 

$

 63,246 

 

$

 15,120 

 

$

 2,391 

 

$

 134,627 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital expenditures

 

$

 11,190 

 

$

 834 

 

$

 2,742 

 

$

 1,331 

 

$

 16,097 

 

 

 

 

(1)

Net operating revenue for Corporate and Other primarily relates to the Company’s cruise ship operations.

(2)

Other one-time (income) costs for Canada were insurance proceeds received and for Poland were the costs associated with relocating the Poznan casino to Hotel Andersia and the write-off of the Sosnowiec casino license.  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amounts in thousands

 

For the year ended December 31, 2013

 

 

 

 

 

Canada

 

United States

 

Poland

 

Corporate and Other

 

Consolidated

Net operating revenue (1)

 

$

 33,749 

 

$

 29,193 

 

$

 34,817 

 

$

 6,829 

 

$

 104,588 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings (loss) attributable to Century Casinos, Inc. shareholders

 

$

 5,670 

 

$

 2,229 

 

$

 12 

 

$

 (1,730)

 

$

 6,181 

Interest expense (income), net

 

 

 584 

 

 

 0 

 

 

 374 

 

 

 (48)

 

 

 910 

Income taxes (benefit)

 

 

 1,643 

 

 

 1,365 

 

 

 145 

 

 

 (1,859)

 

 

 1,294 

Depreciation and amortization

 

 

 1,948 

 

 

 2,225 

 

 

 1,903 

 

 

 523 

 

 

 6,599 

Non-controlling interests

 

 

 (112)

 

 

 0 

 

 

 6 

 

 

 0 

 

 

 (106)

Non-cash stock-based compensation

 

 

 0 

 

 

 0 

 

 

 0 

 

 

 33 

 

 

 33 

(Gain) loss on foreign currency transactions and other

 

 

 (41)

 

 

 0 

 

 

 (204)

 

 

 (73)

 

 

 (318)

Loss on disposition of fixed assets

 

 

 3 

 

 

 24 

 

 

 505 

 

 

 38 

 

 

 570 

Acquisition costs

 

 

 0 

 

 

 0 

 

 

 0 

 

 

 49 

 

 

 49 

Other one-time (income) costs (2)

 

 

 (57)

 

 

 0 

 

 

 8 

 

 

 (2,478)

 

 

 (2,527)

Adjusted EBITDA

 

$

 9,638 

 

$

 5,843 

 

$

 2,749 

 

$

 (5,545)

 

$

 12,685 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-lived assets

 

$

 54,859 

 

$

 57,957 

 

$

 18,091 

 

$

 1,732 

 

$

 132,639 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital expenditures

 

$

 692 

 

$

 1,405 

 

$

 1,093 

 

$

 1,555 

 

$

 4,745 

 

(1)

Net operating revenue for Corporate and Other primarily relates to the Company’s cruise ship operations.

(2)

Other one-time (income) costs for Canada were insurance proceeds, for Poland was an impairment of long-lived assets and for Corporate and Other were attributable to the gain on bargain purchase recorded for the additional 33.3% ownership interest in CPL and the 15% ownership interest in CDR.