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Segment Information (Tables)
 9 Months Ended
Sep. 30, 2018
Segment 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

Canada

Century Bets!

Canada

Century Casino St. Albert

Canada

Century Mile 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

Century Casino Bath

Corporate and Other

Corporate Other



Segment Information





 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



For the three months ended September 30, 2018

Amounts in thousands

 

Canada

 

United States

 

Poland

 

Corporate and Other

 

Total

Net operating revenue (1)

 

$

 15,683 

 

$

 9,360 

 

$

 16,747 

 

$

 1,774 

 

$

 43,564 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) before income taxes

 

$

 2,766 

 

$

 2,121 

 

$

 83 

 

$

 (2,384)

 

$

 2,586 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

 1,668 

 

$

 1,578 

 

$

 (81)

 

$

 (1,525)

 

$

 1,640 

Interest expense (income), net

 

 

 854 

 

 

—

 

 

 42 

 

 

 (66)

 

 

 830 

Income taxes (benefit)

 

 

 880 

 

 

 543 

 

 

 204 

 

 

 (836)

 

 

 791 

Depreciation and amortization

 

 

 762 

 

 

 545 

 

 

 717 

 

 

 299 

 

 

 2,323 

Net earnings (loss) attributable to non-controlling interests

 

 

 218 

 

 

—

 

 

 (40)

 

 

 (23)

 

 

 155 

Non-cash stock-based compensation

 

 

—

 

 

—

 

 

—

 

 

 266 

 

 

 266 

Gain on foreign currency transactions and cost recovery income

 

 

 (1)

 

 

—

 

 

 (109)

 

 

 (72)

 

 

 (182)

Loss on disposition of fixed assets

 

 

 3 

 

 

—

 

 

 169 

 

 

—

 

 

 172 

Pre-opening expenses

 

 

 446 

 

 

—

 

 

—

 

 

—

 

 

 446 

Other one-time income (2)

 

 

—

 

 

—

 

 

—

 

 

 (91)

 

 

 (91)

Adjusted EBITDA

 

$

 4,830 

 

$

 2,666 

 

$

 902 

 

$

 (2,048)

 

$

 6,350 



(1)

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

(2)

Other one-time income relates to the arbitration award from LOT Polish Airlines. See Note 7.







 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



For the three months ended September 30, 2017

Amounts in thousands

 

Canada

 

United States

 

Poland

 

Corporate and Other

 

Total

Net operating revenue (1)

 

$

 15,285 

 

$

 9,039 

 

$

 15,550 

 

$

 1,174 

 

$

 41,048 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) before income taxes

 

$

 3,096 

 

$

 2,056 

 

$

 959 

 

$

 (2,072)

 

$

 4,039 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings attributable to Century Casinos, Inc. shareholders

 

$

 2,611 

 

$

 1,276 

 

$

 464 

 

$

 3,279 

 

$

 7,630 

Interest expense (income), net

 

 

 759 

 

 

—

 

 

 56 

 

 

 (7)

 

 

 808 

Income taxes (benefit)

 

 

 392 

 

 

 780 

 

 

 266 

 

 

 (5,351)

 

 

 (3,913)

Depreciation and amortization

 

 

 877 

 

 

 596 

 

 

 657 

 

 

 96 

 

 

 2,226 

Net earnings attributable to non-controlling interests

 

 

 93 

 

 

—

 

 

 229 

 

 

—

 

 

 322 

Non-cash stock-based compensation

 

 

—

 

 

—

 

 

—

 

 

 183 

 

 

 183 

Loss (gain) on foreign currency transactions and cost recovery income

 

 

 50 

 

 

—

 

 

 (222)

 

 

 102 

 

 

 (70)

Loss on disposition of fixed assets

 

 

 68 

 

 

 1 

 

 

 16 

 

 

—

 

 

 85 

Acquisition costs

 

 

—

 

 

—

 

 

—

 

 

 169 

 

 

 169 

Pre-opening expenses

 

 

 10 

 

 

—

 

 

—

 

 

 97 

 

 

 107 

Adjusted EBITDA

 

$

 4,860 

 

$

 2,653 

 

$

 1,466 

 

$

 (1,432)

 

$

 7,547 



(1)

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







 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



For the nine months ended September 30, 2018

Amounts in thousands

 

Canada

 

United States

 

Poland

 

Corporate and Other

 

Total

Net operating revenue (1)

 

$

 45,690 

 

$

 25,542 

 

$

 48,695 

 

$

 3,907 

 

$

 123,834 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) before income taxes

 

$

 8,288 

 

$

 4,844 

 

$

 (177)

 

$

 (7,956)

 

$

 4,999 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

 5,641 

 

$

 3,602 

 

$

 (329)

 

$

 (6,027)

 

$

 2,887 

Interest expense (income), net

 

 

 2,812 

 

 

 1 

 

 

 153 

 

 

 (50)

 

 

 2,916 

Income taxes (benefit)

 

 

 2,101 

 

 

 1,242 

 

 

 316 

 

 

 (1,875)

 

 

 1,784 

Depreciation and amortization

 

 

 2,433 

 

 

 1,631 

 

 

 2,040 

 

 

 541 

 

 

 6,645 

Net earnings (loss) attributable to non-controlling interests

 

 

 546 

 

 

—

 

 

 (164)

 

 

 (54)

 

 

 328 

Non-cash stock-based compensation

 

 

—

 

 

—

 

 

—

 

 

 613 

 

 

 613 

(Gain) loss on foreign currency transactions and cost recovery income

 

 

 (140)

 

 

—

 

 

 (290)

 

 

 (1)

 

 

 (431)

Loss on disposition of fixed assets

 

 

 6 

 

 

 1 

 

 

 1,027 

 

 

 1 

 

 

 1,035 

Pre-opening expenses

 

 

 1,135 

 

 

—

 

 

 405 

 

 

 350 

 

 

 1,890 

Other one-time income (2)

 

 

—

 

 

—

 

 

—

 

 

 (91)

 

 

 (91)

Adjusted EBITDA

 

$

 14,534 

 

$

 6,477 

 

$

 3,158 

 

$

 (6,593)

 

$

 17,576 



(1)

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

(2)

Other one-time income relates to the arbitration award from LOT Polish Airlines. See Note 7.







 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



For the nine months ended September 30, 2017

Amounts in thousands

 

Canada

 

United States

 

Poland

 

Corporate and Other

 

 

Total

Net operating revenue (1)

 

$

 42,484 

 

$

 24,482 

 

$

 44,383 

 

$

 3,426 

 

$

 114,775 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) before income taxes

 

$

 7,971 

 

$

 4,559 

 

$

 3,848 

 

$

 (5,511)

 

$

 10,867 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings attributable to Century Casinos, Inc. shareholders

 

$

 5,923 

 

$

 2,827 

 

$

 1,982 

 

$

 860 

 

$

 11,592 

Interest expense (income), net

 

 

 2,544 

 

 

 1 

 

 

 72 

 

 

 (19)

 

 

 2,598 

Income taxes (benefit)

 

 

 1,707 

 

 

 1,732 

 

 

 878 

 

 

 (6,371)

 

 

 (2,054)

Depreciation and amortization

 

 

 2,529 

 

 

 1,824 

 

 

 1,702 

 

 

 275 

 

 

 6,330 

Net earnings attributable to non-controlling interests

 

 

 341 

 

 

—

 

 

 988 

 

 

—

 

 

 1,329 

Non-cash stock-based compensation

 

 

—

 

 

—

 

 

—

 

 

 419 

 

 

 419 

Loss (gain) on foreign currency transactions and cost recovery income

 

 

 78 

 

 

—

 

 

 (685)

 

 

 52 

 

 

 (555)

Loss on disposition of fixed assets

 

 

 78 

 

 

 1 

 

 

 258 

 

 

 3 

 

 

 340 

Acquisition costs

 

 

 28 

 

 

—

 

 

—

 

 

 321 

 

 

 349 

Pre-opening expenses

 

 

 10 

 

 

—

 

 

 225 

 

 

 97 

 

 

 332 

Adjusted EBITDA

 

$

 13,238 

 

$

 6,385 

 

$

 5,420 

 

$

 (4,363)

 

$

 20,680 



(1)

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