Segment And Geographic Information (Tables)

12 Months Ended

Dec. 31, 2024

Segment And Geographic Information [Abstract]

Aggregation Of Operating Segments Into Reportable Segments


Reportable Segment	Operating Segment	Reporting Unit
United States	East	Mountaineer Casino, Resort & Races ⁽¹⁾
		Rocky Gap Casino, Resort & Golf ⁽¹⁾
	Midwest	Century Casino & Hotel — Central City
		Century Casino & Hotel — Cripple Creek
		Century Casino & Hotel — Cape Girardeau ⁽¹⁾
		Century Casino & Hotel — Caruthersville and The Farmstead ⁽¹⁾
	West	Nugget Casino Resort and Smooth Bourbon, LLC
Canada	Canada	Century Casino & Hotel — Edmonton ⁽¹⁾
		Century Casino St. Albert ⁽¹⁾
		Century Mile Racetrack and Casino ⁽¹⁾
		Century Downs Racetrack and Casino ⁽¹⁾
Poland	Poland	Casinos Poland
Corporate and Other	Corporate and Other	Cruise Ships & Other ⁽²⁾
		Corporate Other ⁽³⁾

Schedule Of Information By Reportable Segment


	For the year ended December 31, 2024
Amounts in thousands			United States		Canada		Poland		Corporate and Other		Total
Net operating revenue		$	419,668	$	76,317	$	79,900	$	34	$	575,919

Less:
Payroll expense			107,354		23,491		26,137		4,985		161,967
Operating expenses			81,820		25,145		12,112		8,864		127,941
Gaming tax expense			106,469		—		39,304		—		145,773
Other segment items ⁽¹⁾			30,234		7,519		3,309		4		41,066
Acquisition costs			—		—		—		19		19
Pre-opening and termination expenses			—		—		(3,525)		—		(3,525)
Adjusted EBITDAR		$	93,791	$	20,162	$	2,563	$	(13,838)	$	102,678

(Loss) earnings before income taxes		$	(41,309)	$	5,343	$	(3,101)	$	(54,345)	$	(93,412)

Net (loss) earnings attributable to Century Casinos, Inc. shareholders		$	(76,422)	$	3,390	$	(1,909)	$	(53,229)	$	(128,170)
Interest expense (income), net ⁽²⁾			47,566		12,544		(41)		40,654		100,723
Income tax expense (benefit)			28,016		1,010		(237)		(1,116)		27,673
Depreciation and amortization			43,254		4,368		1,811		162		49,595
Net earnings (loss) attributable to non-controlling interests			7,097		943		(955)		—		7,085
Non-cash stock-based compensation			—		—		—		66		66
Loss (gain) on foreign currency transactions, cost recovery income and other ⁽³⁾			24		(2,057)		(584)		(356)		(2,973)
Impairment - goodwill ⁽⁴⁾			43,716		—		—		—		43,716
Loss (gain) on disposition of fixed assets			540		(36)		953		—		1,457
Acquisition costs			—		—		—		(19)		(19)
Pre-opening and termination expenses			—		—		3,525		—		3,525
Adjusted EBITDAR		$	93,791	$	20,162	$	2,563	$	(13,838)	$	102,678

Segment assets ⁽⁵⁾		$	29,583	$	21,605	$	4,183	$	43,398	$	98,769
Long-lived assets ⁽⁶⁾			909,768		126,335		35,575		2,926		1,074,604
Total assets			957,028		169,368		41,988		57,928		1,226,312
Capital expenditures			50,276		3,796		5,101		62		59,235

(1)Other segment items include cost of goods sold and marketing expenses.

(2)Interest expense in the United States and Canada segments primarily relates to the Master Lease. Interest expense in the Corporate and Other segment primarily relates to the Goldman Credit Agreement.

(3)Included in the Canada segment is $1.1 million cost recovery income for CDR.

(4)Related to the impairment of goodwill at the Nugget.

(5)Segment assets are cash and cash equivalents.

(6)Long-lived assets are calculated as total assets less total current assets, deferred income taxes and note receivable, net of current portion and unamortized discount.

‎


	For the year ended December 31, 2023
Amounts in thousands			United States		Canada		Poland		Corporate and Other		Total
Net operating revenue ⁽¹⁾		$	380,591	$	75,449	$	94,105	$	61	$	550,206
Earnings from equity investment			—		—		—		1,121		1,121

Less:
Payroll expense			87,689		22,609		24,510		6,303		141,111
Operating expenses			69,795		25,257		11,092		11,465		117,609
Gaming tax expense			98,115		—		46,589		—		144,704
Other segment items ⁽²⁾			26,802		7,580		3,852		34		38,268
Acquisition costs			—		—		—		(4,412)		(4,412)
Adjusted EBITDAR		$	98,190	$	20,003	$	8,062	$	(12,208)	$	114,047

Earnings (loss) before income taxes		$	25,974	$	7,071	$	6,704	$	(63,581)	$	(23,832)

Net earnings (loss) attributable to Century Casinos, Inc. shareholders		$	18,036	$	8,626	$	3,446	$	(58,306)	$	(28,198)
Interest expense (income), net ⁽³⁾			38,024		11,527		(345)		42,605		91,811
Income tax expense (benefit)			2,654		(4,256)		1,534		(5,275)		(5,343)
Depreciation and amortization			33,739		4,590		2,482		232		41,043
Net earnings attributable to non-controlling interests			5,284		2,701		1,724		—		9,709
Non-cash stock-based compensation			—		—		—		3,610		3,610
(Gain) loss on foreign currency transactions, cost recovery income and other ⁽⁴⁾			(84)		(3,195)		(810)		401		(3,688)
Loss on disposition of fixed assets			537		10		31		113		691
Acquisition costs			—		—		—		4,412		4,412
Adjusted EBITDAR		$	98,190	$	20,003	$	8,062	$	(12,208)	$	114,047

Segment assets ⁽⁵⁾		$	48,085	$	76,771	$	11,110	$	35,361	$	171,327
Long-lived assets ⁽⁶⁾			947,075		137,543		26,736		3,328		1,114,682
Total assets ⁽⁷⁾			1,018,926		238,643		39,892		62,201		1,359,662
Capital expenditures			55,389		2,330		1,816		86		59,621

(1)Net operating revenue for the Corporate and Other segment primarily related to the Company’s cruise ship operations, which ceased in April 2023.

(2)Other segment items include cost of goods sold and marketing expenses.

(3)Interest expense in the United States and Canada segments primarily relates to the Master Lease. Expense related to the CDR land lease was recorded as interest expense in the Canada segment. Interest expense in the Corporate and Other segment primarily relates to the Goldman Credit Agreement. The CDR land lease ended on September 6, 2023 in conjunction with the Canada Real Estate Sale. Expense of $7.3 million in Canada relates to the debt extinguishment of the CDR land lease.

(4)Included in the Canada segment is $1.7 million related to the earn out from the sale of casino operations in Calgary in 2020 and $3.5 million cost recovery income for CDR.

(5)Segment assets are cash and cash equivalents.

(6)Long-lived assets are calculated as total assets less total current assets, deferred income taxes and note receivable, net of current portion and unamortized discount. Long-lived assets in the United States segment include $283.6 million related to the Nugget Acquisition and $261.7 million related to the Rocky Gap Acquisition.

(7)Total assets in the United States segment include $298.8 million related to the Nugget Acquisition and $268.9 million related to the Rocky Gap Acquisition.

‎


	For the year ended December 31, 2022
Amounts in thousands			United States		Canada		Poland		Corporate and Other		Total
Net operating revenue ⁽¹⁾		$	268,582	$	71,572	$	90,169	$	206	$	430,529
Earnings from equity investment			—		—		—		3,249		3,249

Less:
Payroll expense			51,140		21,466		20,607		5,113		98,326
Operating expenses			42,558		24,740		9,677		8,599		85,574
Gaming tax expense			86,408		—		44,660		—		131,068
Other segment items ⁽²⁾			8,179		6,970		3,351		94		18,594
Acquisition costs			—		—		—		(3,124)		(3,124)
Adjusted EBITDAR		$	80,297	$	18,396	$	11,874	$	(7,227)	$	103,340

Earnings (loss) before income taxes		$	32,354	$	11,211	$	11,044	$	(48,599)	$	6,010

Net earnings (loss) attributable to Century Casinos, Inc. shareholders		$	24,759	$	6,070	$	5,811	$	(28,664)	$	7,976
Interest expense (income), net ⁽³⁾			28,531		2,281		(686)		34,854		64,980
Income tax expense (benefit)			7,595		2,354		2,326		(19,935)		(7,660)
Depreciation and amortization			19,364		4,754		2,606		385		27,109
Net earnings attributable to non-controlling interests			—		2,787		2,907		—		5,694
Non-cash stock-based compensation			—		—		—		3,335		3,335
(Gain) loss on foreign currency transactions, cost recovery income and other ⁽⁴⁾			(1)		123		(1,153)		(205)		(1,236)
Loss (gain) on disposition of fixed assets			49		27		63		(121)		18
Acquisition costs			—		—		—		3,124		3,124
Adjusted EBITDAR		$	80,297	$	18,396	$	11,874	$	(7,227)	$	103,340

Segment assets ⁽⁵⁾		$	38,667	$	16,781	$	13,344	$	32,993	$	101,785
Long-lived assets ⁽⁶⁾			466,403		139,304		27,134		8,192		641,033
Total assets ⁽⁷⁾			425,820		162,088		42,173		254,886		884,967
Capital expenditures			16,000		1,566		1,578		49		19,193

(1)Net operating revenue for the Corporate and Other segment primarily relates to the Company’s cruise ship operations, which ceased in April 2023.

(2)Other segment items include cost of goods sold and marketing expenses.

(3)Interest expense in the United States segment primarily relates to the Master Lease. Expense in the Canada segment primarily relates to the CDR land lease. Interest expense in the Corporate and Other segment primarily relates to the Goldman Credit Agreement. Expense of $7.3 million related to the write-off of deferred financing costs in connection with the prepayment of the Macquarie Term Loan is included in interest expense (income), net in the Corporate and Other segment.

(4)Loss of $2.2 million related to the sale of the land and building in Calgary in February 2022 is included in the Canada segment. The loss from the sale was offset by $1.9 million cost recovery income for CDR.

(5)Segment assets are cash and cash equivalents.

(6)Long-lived assets are calculated as total assets less total current assets, deferred income taxes and note receivable, net of current portion and unamortized discount.

(7)Total assets for the Corporate and Other segment include $100.2 million in restricted cash related to the Acquisition Escrow and $93.3 million related to the equity investment in Smooth Bourbon.