Segment Information (Tables)

6 Months Ended

Jun. 30, 2020

Aggregation Of Operating Segments Into Reportable Segments


Reportable Segment	Operating Segment	Reporting Unit
United States	Colorado	Century Casino & Hotel - Central City
		Century Casino & Hotel - Cripple Creek
	West Virginia	Mountaineer Casino, Racetrack & Resort
	Missouri	Century Casino Cape Girardeau
		Century Casino Caruthersville
Canada	Edmonton	Century Casino & Hotel - Edmonton
		Century Casino St. Albert
		Century Mile Racetrack and Casino
	Calgary	Century Casino Calgary
		Century Downs Racetrack and Casino
		Century Bets! Inc.
Poland	Poland	Casinos Poland
Corporate and Other	Corporate and Other	Cruise Ships & Other
		Corporate Other

Segment Information


	For the three months ended June 30, 2020
Amounts in thousands		United States		Canada		Poland		Corporate and Other		Total
Net operating revenue ⁽¹⁾		$	23,832	$	4,719	$	7,390	$	162	$	36,103

(Loss) earnings before income taxes		$	(10,271)	$	(1,791)	$	(2,162)	$	1,609	$	(12,615)

Net (loss) earnings attributable to Century Casinos, Inc. shareholders		$	(10,271)	$	(1,781)	$	(1,246)	$	691	$	(12,607)
Interest expense (income), net ⁽²⁾			6,954		435		(14)		3,204		10,579
Income (benefit) taxes			—		(44)		(292)		918		582
Depreciation and amortization			4,246		1,289		735		135		6,405
Net earnings (loss) attributable to non-controlling interests			—		34		(624)		—		(590)
Non-cash stock-based compensation			—		—		—		249		249
Loss (gain) on foreign currency transactions, cost recovery income and other			1,157		135		(25)		(7,631)		(6,364)
(Gain) on disposition of fixed assets			—		(69)		—		—		(69)
Acquisition costs			—		—		—		53		53
Adjusted EBITDA		$	2,086	$	(1)	$	(1,466)	$	(2,381)	$	(1,762)

(1)Net operating revenue for Corporate and Other primarily relates to the Company’s cruise ship operations and consulting agreements.

(2)Expense of $7.0 million related to the Master Lease is included in interest expense (income), net in the United States segment. Expense of $0.4 million related to the CDR land lease is included in interest expense (income), net in the Canada segment. Cash payments related to the Master Lease and CDR land lease were $4.2 million and $0.4 million, respectively, for the period presented.


	For the three months ended June 30, 2019
Amounts in thousands		United States		Canada		Poland		Corporate and Other		Total
Net operating revenue ⁽¹⁾		$	8,809	$	21,988	$	20,107	$	1,541	$	52,445

Earnings (loss) before income taxes		$	1,642	$	3,995	$	1,054	$	(4,963)	$	1,728

Net earnings (loss) attributable to Century Casinos, Inc. shareholders		$	1,236	$	2,536	$	425	$	(4,762)	$	(565)
Interest expense (income), net ⁽²⁾			—		1,320		45		28		1,393
Income taxes (benefit)			406		778		416		(230)		1,370
Depreciation and amortization			527		1,059		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 and cost recovery income			—		(432)		(78)		5		(505)
Loss on disposition of fixed assets			1		2		248		272		523
Acquisition costs			—		—		—		768		768
Adjusted EBITDA		$	2,170	$	5,944	$	1,985	$	(3,390)	$	6,709

(1)Net operating revenue for Corporate and Other primarily relates to CCB, the Company’s cruise ship operations and consulting agreements.

(2)Expense of $0.6 million related to the CDR land lease is included in interest expense (income), net in the Canada segment. Cash payments related to the CDR land lease were $0.5 million for the period presented.

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	For the six months ended June 30, 2020
Amounts in thousands		United States		Canada		Poland		Corporate and Other		Total
Net operating revenue ⁽¹⁾		$	77,262	$	20,902	$	24,453	$	1,143	$	123,760

Loss before income taxes		$	(42,636)	$	(3,960)	$	(2,074)	$	(7,082)	$	(55,752)

Net loss attributable to Century Casinos, Inc. shareholders		$	(43,659)	$	(5,987)	$	(1,218)	$	(7,599)	$	(58,463)
Interest expense (income), net ⁽²⁾			14,235		979		17		6,713		21,944
Income taxes (benefit)			1,023		1,813		(247)		517		3,106
Depreciation and amortization			8,505		2,628		1,501		265		12,899
Net earnings (loss) attributable to non-controlling interests			—		214		(609)		—		(395)
Non-cash stock-based compensation			—		—		—		236		236
Loss (gain) on foreign currency transactions, cost recovery income and other			30,746		3,447		147		(6,046)		28,294
(Gain) loss on disposition of fixed assets			—		(69)		2		2		(65)
Acquisition costs			—		—		—		266		266
Adjusted EBITDA		$	10,850	$	3,025	$	(407)	$	(5,646)	$	7,822

(1)Net operating revenue for Corporate and Other primarily relates to CCB, the Company’s cruise ship operations and consulting agreements.

(2)Expense of $14.2 million related to the Master Lease is included in interest expense (income), net in the United States segment. Expense of $0.9 million related to the CDR land lease is included in interest expense (income), net in the Canada segment. Cash payments related to the Master Lease and CDR land lease were $10.4 million and $0.9 million, respectively, for the period presented.


	For the six months ended June 30, 2019
Amounts in thousands		United States		Canada		Poland		Corporate and Other			Total
Net operating revenue ⁽¹⁾		$	16,874	$	38,289	$	39,859	$	3,035	$	98,057

Earnings (loss) before income taxes		$	2,979	$	6,548	$	2,884	$	(8,244)	$	4,167

Net earnings (loss) attributable to Century Casinos, Inc. shareholders		$	2,215	$	4,085	$	1,339	$	(7,136)	$	503
Interest expense (income), net ⁽²⁾			—		2,511		91		45		2,647
Income taxes (benefit)			764		1,542		876		(1,096)		2,086
Depreciation and amortization			1,086		1,856		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)
Loss (gain) on disposition of fixed assets			17		(3)		253		300		567
Acquisition costs			—		—		—		768		768
Pre-opening expenses			—		538		—		—		538
Adjusted EBITDA		$	4,082	$	10,974	$	4,435	$	(6,079)	$	13,412

(1)Net operating revenue for Corporate and Other primarily relates to CCB, the Company’s cruise ship operations and consulting agreements.

(2)Expense of $1.1 million related to the CDR land lease is included in interest expense (income), net in the Canada segment. Cash payments related to the CDR land lease were $1.0 million for the period presented.

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