Segment Information (Tables)

9 Months Ended

Sep. 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 September 30, 2020
Amounts in thousands			United States		Canada		Poland		Corporate and Other		Total
Net operating revenue ⁽¹⁾		$	62,647	$	16,577	$	16,339	$	143	$	95,706

Earnings (loss) before income taxes		$	7,656	$	2,514	$	252	$	(6,038)	$	4,384

Net earnings (loss) attributable to Century Casinos, Inc. shareholders		$	7,656	$	1,880	$	86	$	(5,874)	$	3,748
Interest expense (income), net ⁽²⁾			7,051		525		6		3,005		10,587
Income taxes (benefit)			—		469		123		(164)		428
Depreciation and amortization			4,506		1,345		777		196		6,824
Net earnings attributable to non-controlling interests			—		165		43		—		208
Non-cash stock-based compensation			—		—		—		354		354
Loss (gain) on foreign currency transactions, cost recovery income and other			—		30		(56)		69		43
Loss on disposition of fixed assets			9		11		2		—		22
Adjusted EBITDA		$	19,222	$	4,425	$	981	$	(2,414)	$	22,214

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

(2)Expense of $7.1 million related to the Master Lease is included in interest expense (income), net in the United States segment. Expense of $0.5 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 $6.2 million and $0.4 million, respectively, for the period presented.


	For the three months ended September 30, 2019
Amounts in thousands			United States		Canada		Poland		Corporate and Other		Total
Net operating revenue ⁽¹⁾		$	9,199	$	22,063	$	20,360	$	1,313	$	52,935

Earnings (loss) before income taxes		$	1,813	$	2,169	$	1,679	$	(3,481)	$	2,180

Net earnings (loss) attributable to Century Casinos, Inc. shareholders		$	1,348	$	1,623	$	775	$	(3,264)	$	482
Interest expense (income), net ⁽²⁾			—		1,346		51		19		1,416
Income taxes (benefit)			465		367		518		(217)		1,133
Depreciation and amortization			488		1,327		797		217		2,829
Net earnings attributable to non-controlling interests			—		179		386		—		565
Non-cash stock-based compensation			—		—		—		358		358
Loss (gain) on foreign currency transactions and cost recovery income			—		12		(139)		11		(116)
Loss on disposition of fixed assets			—		—		85		44		129
Acquisition costs			—		—		—		297		297
Adjusted EBITDA		$	2,301	$	4,854	$	2,473	$	(2,535)	$	7,093

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

(2)Expense of $0.5 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.

‎


	For the nine months ended September 30, 2020
Amounts in thousands			United States		Canada		Poland		Corporate and Other		Total
Net operating revenue ⁽¹⁾		$	139,908	$	37,479	$	40,793	$	1,286	$	219,466

Loss before income taxes		$	(34,976)	$	(1,444)	$	(1,822)	$	(13,126)	$	(51,368)

Net loss attributable to Century Casinos, Inc. shareholders		$	(35,999)	$	(4,102)	$	(1,134)	$	(13,480)	$	(54,715)
Interest expense (income), net ⁽²⁾			21,286		1,504		23		9,719		32,532
Income taxes (benefit)			1,023		2,281		(123)		354		3,535
Depreciation and amortization			13,008		3,973		2,279		463		19,723
Net earnings (loss) attributable to non-controlling interests			—		377		(565)		—		(188)
Non-cash stock-based compensation			—		—		—		589		589
Loss (gain) on foreign currency transactions, cost recovery income and other ⁽³⁾			30,746		3,476		91		(5,976)		28,337
Loss (gain) on disposition of fixed assets			9		(58)		4		2		(43)
Acquisition costs			—		—		—		266		266
Adjusted EBITDA		$	30,073	$	7,451	$	575	$	(8,063)	$	30,036

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

(2)Expense of $21.3 million related to the Master Lease is included in interest expense (income), net in the United States segment. Expense of $1.5 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 $16.7 million and $1.3 million, respectively, for the period presented.

(3)Expense of $30.7 million and $3.4 million is included in the United States and Canada segments, respectively, related to the impairment of goodwill and intangible assets (see Note 5). Expense of $1.0 million is included in the Corporate and Other segment related to the impairment of the MCE investment (see Note 4).

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	For the nine months ended September 30, 2019
Amounts in thousands			United States		Canada		Poland		Corporate and Other		Total
Net operating revenue ⁽¹⁾		$	26,073	$	60,353	$	60,221	$	4,343	$	150,990

Earnings (loss) before income taxes		$	4,793	$	8,716	$	4,566	$	(11,728)	$	6,347

Net earnings (loss) attributable to Century Casinos, Inc. shareholders		$	3,564	$	5,704	$	2,115	$	(10,398)	$	985
Interest expense (income), net ⁽²⁾			—		3,856		142		65		4,063
Income taxes (benefit)			1,229		1,913		1,395		(1,318)		3,219
Depreciation and amortization			1,573		3,184		2,284		657		7,698
Net earnings (loss) attributable to non-controlling interests			—		1,099		1,056		(12)		2,143
Non-cash stock-based compensation			—		—		—		979		979
(Gain) loss on foreign currency transactions and cost recovery income			—		(465)		(419)		5		(879)
Loss (gain) on disposition of fixed assets			17		(1)		338		342		696
Acquisition costs			—		—		—		1,064		1,064
Pre-opening expenses			—		538		—		—		538
Adjusted EBITDA		$	6,383	$	15,828	$	6,911	$	(8,616)	$	20,506

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

(2)Expense of $1.7 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 $1.5 million for the period presented.