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Segment And Geographic Information (Tables)
 12 Months Ended
Dec. 31, 2018
Segment And Geographic Information [Abstract]  
Aggregation Of Operating Segments Into Reportable Segments

Reportable Segment

Operating Segment

Canada

Century Casino & Hotel - Edmonton

Canada

Century Casino St. Albert

Canada

Century Casino Calgary

Canada

Century Downs Racetrack and Casino

Canada

Century Bets!

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 year ended December 31, 2018

Amounts in thousands

 

Canada

 

United States

 

Poland

 

Corporate and Other

 

Total

Net operating revenue (1)

 

$

 61,361 

 

$

 33,483 

 

$

 68,209 

 

$

 5,885 

 

$

 168,938 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings before income taxes

 

$

 10,973 

 

$

 5,881 

 

$

 367 

 

$

 (11,298)

 

$

 5,923 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

 7,715 

 

$

 4,373 

 

$

 (153)

 

$

 (8,541)

 

$

 3,394 

Interest expense (income), net

 

 

 3,895 

 

 

 1 

 

 

 206 

 

 

 12 

 

 

 4,114 

Income taxes (benefit)

 

 

 2,536 

 

 

 1,508 

 

 

 595 

 

 

 (2,722)

 

 

 1,917 

Depreciation and amortization

 

 

 3,211 

 

 

 2,178 

 

 

 3,065 

 

 

 945 

 

 

 9,399 

Net earnings (loss) attributable to non-controlling interests

 

 

 722 

 

 

—

 

 

 (75)

 

 

 (35)

 

 

 612 

Non-cash stock-based compensation

 

 

—

 

 

—

 

 

—

 

 

 868 

 

 

 868 

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

 

 

 (235)

 

 

—

 

 

 (428)

 

 

 2 

 

 

 (661)

Loss on disposition of fixed assets

 

 

 10 

 

 

 1 

 

 

 1,054 

 

 

 25 

 

 

 1,090 

Pre-opening expenses

 

 

 1,668 

 

 

—

 

 

 626 

 

 

 350 

 

 

 2,644 

Adjusted EBITDA

 

$

 19,522 

 

$

 8,061 

 

$

 4,890 

 

$

 (9,096)

 

$

 23,377 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-lived assets

 

$

 115,861 

 

$

 48,381 

 

$

 12,465 

 

$

 10,310 

 

$

 187,017 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital expenditures (2)

 

$

 42,029 

 

$

 1,183 

 

$

 5,134 

 

$

 8,428 

 

$

 56,774 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



(1)

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

(2)

Capital expenditures in 2018 included construction costs of $40.0 million related to Century Mile in the Canada segment.







 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



For the year ended December 31, 2017

Amounts in thousands

 

Canada

 

United States

 

Poland

 

Corporate and Other

 

Total

Net operating revenue (1)

 

$

 57,732 

 

$

 32,154 

 

$

 59,796 

 

$

 4,387 

 

$

 154,069 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings before income taxes

 

$

 11,685 

 

$

 5,597 

 

$

 3,304 

 

$

 (8,135)

 

$

 12,451 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

 7,681 

 

$

 3,469 

 

$

 1,280 

 

$

 (6,171)

 

$

 6,259 

Interest expense (income), net

 

 

 3,487 

 

 

 2 

 

 

 105 

 

 

 (25)

 

 

 3,569 

Income taxes (benefit)

 

 

 3,008 

 

 

 2,128 

 

 

 1,388 

 

 

 (1,964)

 

 

 4,560 

Depreciation and amortization

 

 

 3,427 

 

 

 2,405 

 

 

 2,747 

 

 

 366 

 

 

 8,945 

Net earnings attributable to non-controlling interests

 

 

 996 

 

 

—

 

 

 636 

 

 

—

 

 

 1,632 

Non-cash stock-based compensation

 

 

—

 

 

—

 

 

—

 

 

 669 

 

 

 669 

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

 

 

 (564)

 

 

—

 

 

 (822)

 

 

 24 

 

 

 (1,362)

Loss on disposition of fixed assets

 

 

 83 

 

 

 1 

 

 

 535 

 

 

 3 

 

 

 622 

Acquisition costs

 

 

 28 

 

 

—

 

 

—

 

 

 327 

 

 

 355 

Pre-opening expenses

 

 

 25 

 

 

—

 

 

 537 

 

 

 275 

 

 

 837 

Adjusted EBITDA

 

$

 18,171 

 

$

 8,005 

 

$

 6,406 

 

$

 (6,496)

 

$

 26,086 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-lived assets

 

$

 86,361 

 

$

 49,403 

 

$

 12,512 

 

$

 4,502 

 

$

 152,778 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital expenditures (2)

 

$

 6,476 

 

$

 672 

 

$

 2,186 

 

$

 1,793 

 

$

 11,127 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 









(1)

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

(2)

Capital expenditures in 2017 included purchases of property and equipment of $4.6 million related to Century Mile in the Canada segment and $1.5 million related to CCB in the Corporate and Other segment.





 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



For the year ended December 31, 2016

Amounts in thousands

 

Canada

 

United States

 

Poland

 

Corporate and Other

 

Total

Net operating revenue (1)

 

$

 50,237 

 

$

 30,135 

 

$

 54,890 

 

$

 3,972 

 

$

 139,234 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings before income taxes

 

$

 12,381 

 

$

 4,705 

 

$

 5,647 

 

$

 (7,133)

 

$

 15,600 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

 8,448 

 

$

 2,890 

 

$

 2,921 

 

$

 (5,044)

 

$

 9,215 

Interest expense (income), net

 

 

 3,037 

 

 

 2 

 

 

 71 

 

 

 (22)

 

 

 3,088 

Income taxes (benefit)

 

 

 796 

 

 

 1,815 

 

 

 1,265 

 

 

 (2,089)

 

 

 1,787 

Depreciation and amortization

 

 

 3,049 

 

 

 2,488 

 

 

 2,430 

 

 

 382 

 

 

 8,349 

Net earnings attributable to non-controlling interests

 

 

 3,137 

 

 

—

 

 

 1,461 

 

 

—

 

 

 4,598 

Non-cash stock-based compensation

 

 

—

 

 

—

 

 

—

 

 

 759 

 

 

 759 

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

 

 

 (2,232)

 

 

—

 

 

 (310)

 

 

 19 

 

 

 (2,523)

Loss on disposition of fixed assets

 

 

 27 

 

 

 2 

 

 

 301 

 

 

—

 

 

 330 

Acquisition costs

 

 

—

 

 

—

 

 

—

 

 

 159 

 

 

 159 

Adjusted EBITDA

 

$

 16,262 

 

$

 7,197 

 

$

 8,139 

 

$

 (5,836)

 

$

 25,762 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-lived assets

 

$

 77,015 

 

$

 51,142 

 

$

 10,612 

 

$

 1,994 

 

$

 140,763 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital expenditures (2)

 

$

 13,536 

 

$

 1,165 

 

$

 1,334 

 

$

 611 

 

$

 16,646 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



(1)

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

(2)

Capital expenditures for Canada in 2016 included purchases of property and equipment of $9.5 million related to the acquisition of Century Casino St. Albert.