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Segment Information (Tables)
 6 Months Ended
Jun. 30, 2019
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 June 30, 2019

Amounts in thousands

 

Canada

 

United States

 

Poland

 

Corporate and Other

 

Total

Net operating revenue (1)

 

$

 21,988 

 

$

 8,809 

 

$

 20,107 

 

$

 1,541 

 

$

 52,445 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) before income taxes

 

$

 3,995 

 

$

 1,642 

 

$

 1,054 

 

$

 (4,963)

 

$

 1,728 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

 2,536 

 

$

 1,236 

 

$

 425 

 

$

 (4,762)

 

$

 (565)

Interest expense (income), net

 

 

 1,320 

 

 

—

 

 

 45 

 

 

 28 

 

 

 1,393 

Income taxes (benefit)

 

 

 778 

 

 

 406 

 

 

 416 

 

 

 (230)

 

 

 1,370 

Depreciation and amortization

 

 

 1,059 

 

 

 527 

 

 

 716 

 

 

 141 

 

 

 2,443 

Net earnings attributable to non-controlling interests

 

 

 681 

 

 

—

 

 

 213 

 

 

 29 

 

 

 923 

Non-cash stock-based compensation

 

 

—

 

 

—

 

 

—

 

 

 359 

 

 

 359 

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

 

 

 (432)

 

 

—

 

 

 (78)

 

 

 5 

 

 

 (505)

Loss on disposition of fixed assets

 

 

 2 

 

 

 1 

 

 

 248 

 

 

 272 

 

 

 523 

Acquisition costs

 

 

—

 

 

—

 

 

—

 

 

 768 

 

 

 768 

Adjusted EBITDA

 

$

 5,944 

 

$

 2,170 

 

$

 1,985 

 

$

 (3,390)

 

$

 6,709 



(1)

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

 







 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



For the three months ended June 30, 2018

Amounts in thousands

 

Canada

 

United States

 

Poland

 

Corporate and Other

 

Total

Net operating revenue (1)

 

$

 15,331 

 

$

 8,476 

 

$

 14,567 

 

$

 1,274 

 

$

 39,648 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) before income taxes

 

$

 2,830 

 

$

 1,548 

 

$

 (1,375)

 

$

 (2,892)

 

$

 111 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

 1,947 

 

$

 1,151 

 

$

 (776)

 

$

 (2,005)

 

$

 317 

Interest expense (income), net

 

 

 1,020 

 

 

—

 

 

 36 

 

 

 19 

 

 

 1,075 

Income taxes (benefit)

 

 

 684 

 

 

 397 

 

 

 (210)

 

 

 (857)

 

 

 14 

Depreciation and amortization

 

 

 798 

 

 

 546 

 

 

 673 

 

 

 153 

 

 

 2,170 

Net earnings (loss) attributable to non-controlling interests

 

 

 199 

 

 

—

 

 

 (389)

 

 

 (30)

 

 

 (220)

Non-cash stock-based compensation

 

 

—

 

 

—

 

 

—

 

 

 232 

 

 

 232 

Gain on foreign currency transactions and cost recovery income

 

 

 (65)

 

 

—

 

 

 (12)

 

 

 (113)

 

 

 (190)

Loss (gain) on disposition of fixed assets

 

 

 1 

 

 

 (3)

 

 

 831 

 

 

—

 

 

 829 

Pre-opening expenses

 

 

 408 

 

 

—

 

 

—

 

 

 26 

 

 

 434 

Adjusted EBITDA

 

$

 4,992 

 

$

 2,091 

 

$

 153 

 

$

 (2,575)

 

$

 4,661 



(1)

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







 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



For the six months ended June 30, 2019

Amounts in thousands

 

Canada

 

United States

 

Poland

 

Corporate and Other

 

Total

Net operating revenue (1)

 

$

 38,289 

 

$

 16,874 

 

$

 39,859 

 

$

 3,035 

 

$

 98,057 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) before income taxes

 

$

 6,548 

 

$

 2,979 

 

$

 2,884 

 

$

 (8,244)

 

$

 4,167 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

 4,085 

 

$

 2,215 

 

$

 1,339 

 

$

 (7,136)

 

$

 503 

Interest expense (income), net

 

 

 2,511 

 

 

—

 

 

 91 

 

 

 45 

 

 

 2,647 

Income taxes (benefit)

 

 

 1,542 

 

 

 764 

 

 

 876 

 

 

 (1,096)

 

 

 2,086 

Depreciation and amortization

 

 

 1,856 

 

 

 1,086 

 

 

 1,487 

 

 

 439 

 

 

 4,868 

Net earnings (loss) attributable to non-controlling interests

 

 

 921 

 

 

—

 

 

 669 

 

 

 (12)

 

 

 1,578 

Non-cash stock-based compensation

 

 

—

 

 

—

 

 

—

 

 

 620 

 

 

 620 

Gain on foreign currency transactions and cost recovery income

 

 

 (476)

 

 

—

 

 

 (280)

 

 

 (7)

 

 

 (763)

(Gain) loss on disposition of fixed assets

 

 

 (3)

 

 

 17 

 

 

 253 

 

 

 300 

 

 

 567 

Acquisition costs

 

 

—

 

 

—

 

 

—

 

 

 768 

 

 

 768 

Pre-opening expenses

 

 

 538 

 

 

—

 

 

—

 

 

—

 

 

 538 

Adjusted EBITDA

 

$

 10,974 

 

$

 4,082 

 

$

 4,435 

 

$

 (6,079)

 

$

 13,412 



(1)

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







 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



For the six months ended June 30, 2018

Amounts in thousands

 

Canada

 

United States

 

Poland

 

Corporate and Other

 

 

Total

Net operating revenue (1)

 

$

 30,004 

 

$

 16,183 

 

$

 31,949 

 

$

 2,134 

 

$

 80,270 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) before income taxes

 

$

 5,519 

 

$

 2,724 

 

$

 (258)

 

$

 (5,574)

 

$

 2,411 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

 3,972 

 

$

 2,025 

 

$

 (246)

 

$

 (4,507)

 

$

 1,244 

Interest expense (income), net

 

 

 1,959 

 

 

—

 

 

 110 

 

 

 18 

 

 

 2,087 

Income taxes (benefit)

 

 

 1,219 

 

 

 699 

 

 

 112 

 

 

 (1,037)

 

 

 993 

Depreciation and amortization

 

 

 1,670 

 

 

 1,086 

 

 

 1,322 

 

 

 245 

 

 

 4,323 

Net earnings (loss) attributable to non-controlling interests

 

 

 328 

 

 

—

 

 

 (124)

 

 

 (30)

 

 

 174 

Non-cash stock-based compensation

 

 

—

 

 

—

 

 

—

 

 

 347 

 

 

 347 

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

 

 

 (138)

 

 

—

 

 

 (181)

 

 

 70 

 

 

 (249)

Loss on disposition of fixed assets

 

 

 3 

 

 

 1 

 

 

 858 

 

 

 1 

 

 

 863 

Pre-opening expenses

 

 

 689 

 

 

—

 

 

 405 

 

 

 350 

 

 

 1,444 

Adjusted EBITDA

 

$

 9,702 

 

$

 3,811 

 

$

 2,256 

 

$

 (4,543)

 

$

 11,226 



(1)

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