Significant Accounting Policies And Restatement Of Previously Issued Consolidated Financial Statements (Tables)

12 Months Ended

Dec. 31, 2024

Significant Accounting Policies And Restatement Of Previously Issued Consolidated Financial Statements [Abstract]

Reconciliation Of Cash, Cash Equivalents, And Restricted Cash

	December 31,		December 31,
Amounts in thousands	2024		2023
Cash and cash equivalents	$	98,769	$	171,327
Restricted cash included in deposits and other		244		263
Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows	$	99,013	$	171,590

Schedule Of Depreciation Period Of Property And Equipment

Buildings and improvements	5 – 39 years
Gaming equipment	3 – 7 years
Furniture and non-gaming equipment	3 – 7 years

Schedule Of Exchange Rates Used To Translate Balances

	As of December 31,	As of December 31,
Ending Rates	2024	2023
Canadian dollar (CAD)	1.4349	1.3232
Euros (EUR)	0.9611	0.9030
Polish zloty (PLN)	4.1106	3.9155

	For the year
	ended December 31,			% Change
Average Rates	2024	2023	2022	2024/2023	2023/2022
Canadian dollar (CAD)	1.3696	1.3496	1.3011	(1.5%)	(3.7%)
Euros (EUR)	0.9244	0.9248	0.9506	—	2.7%
Polish zloty (PLN)	3.9807	4.2034	4.4559	5.3%	5.7%
Source: Xe Currency Converter

Schedule Of Promotional Allowances

	For the year
	ended December 31,
Amounts in thousands	2024		2023		2022
Hotel	$	529	$	542	$	348
Food and beverage		4,489		4,208		2,065
	$	5,018	$	4,750	$	2,413

Schedule Of Weighted Average Shares Outstanding

	For the year
	ended December 31,
Amounts in thousands	2024		2023		2022
Weighted average common shares, basic		30,617		30,274		29,809
Dilutive effect of stock options		—		—		1,671
Weighted average common shares, diluted		30,617		30,274		31,480

Schedule Of Anti-Dilutive Stock Options

	For the year
	ended December 31,
Amounts in thousands	2024		2023		2022
Stock options		290		1,911		2,740

Summary Of Effect Of Error Correction

The following table summarizes the effect of the error on the Company's consolidated balance sheet as of December 31, 2024:

	December 31,				December 31,
	2024				2024
	As Previously
Amounts in thousands	Reported		Adjustments		As Restated
Goodwill	$	36,256	$	(26,473)	$	9,783
Total Assets	$	1,226,312	$	(26,473)	$	1,199,839
Deferred income taxes	$	5,045	$	(1,042)	$	4,003
Total Liabilities		1,144,308		(1,042)		1,143,266
Retained (loss) earnings		(119,103)		(25,431)		(144,534)
Total Century Casinos, Inc. Shareholders' Equity		(9,300)		(25,431)		(34,731)
Total Equity		82,004		(25,431)		56,573
Total Liabilities and Equity	$	1,226,312	$	(26,473)	$	1,199,839

‎

The following table summarizes the effect of the error on the Company's consolidated statements of (loss) earnings for the year ended December 31, 2024:

	December 31,				December 31,
	2024				2024
	As Previously
Amounts in thousands	Reported		Adjustments		As Restated
Impairment - goodwill	$	43,716	$	26,473	$	70,189
Total operating costs and expenses		571,603		26,473		598,076
Earnings (loss) from operations		4,316		(26,473)		(22,157)
(Loss) earnings before income taxes		(93,412)		(26,473)		(119,885)
Income tax (expense) benefit		(27,673)		1,042		(26,631)
Net (loss) earnings		(121,085)		(25,431)		(146,516)
Net (loss) earnings attributable to Century Casinos, Inc. shareholders	$	(128,170)	$	(25,431)	$	(153,601)
(Loss) earnings per share attributable to Century Casinos, Inc. shareholders
Basic	$	(4.19)	$	(0.83)	$	(5.02)
Diluted	$	(4.19)	$	(0.83)	$	(5.02)

The following table summarizes the effect of the error on the Company's consolidated statements of comprehensive loss for the year ended December 31, 2024:

	December 31,				December 31,
	2024				2024
	As Previously
Amounts in thousands	Reported		Adjustments		As Restated
Net (loss) earnings	$	(121,085)	$	(25,431)	$	(146,516)
Comprehensive (loss) income		(123,464)		(25,431)		(148,895)
Comprehensive loss attributable to Century Casinos, Inc. shareholders	$	(130,523)	$	(25,431)	$	(155,954)

The following table summarizes the effect of the error on the Company's consolidated statements of equity for the year ended December 31, 2024:

	December 31,				December 31,
	2024				2024
	As Previously
Amounts in thousands	Reported		Adjustments		As Restated
Retained (Loss) Earnings
Net (loss) income	$	(128,170)	$	(25,431)	$	(153,601)
Balance, end of period		(119,103)		(25,431)		(144,534)
Total Century Casinos, Inc. Shareholder's Equity	$	(9,300)	$	(25,431)	$	(34,731)
Total Equity	$	82,004	$	(25,431)	$	56,573

‎

The following table summarizes the effect of the error on the Company's consolidated statements of cash flows for the year ended December 31, 2024:

	December 31,				December 31,
	2024				2024
	As Previously
Amounts in thousands	Reported		Adjustments		As Restated
Cash Flows (used in) provided by Operating Activities
Net (loss) earnings	$	(121,085)	$	(25,431)	$	(146,516)
Adjustments to reconcile net (loss) earnings to net cash (used in) provided by operating activities:
Deferred taxes		25,166		(1,042)		24,124
Impairment - goodwill		43,716		26,473		70,189
Net cash (used in) provided by operating activities	$	(3,299)	$	—	$	(3,299)

The following table summarizes the effect of the error on the Company's notes to consolidated financial statements Note 5. Goodwill and Intangible Assets for the year ended December 31, 2024:

	United States		Total				United States		Total
	As Previously		As Previously
Amounts in thousands	Reported		Reported		Adjustments		As Restated		As Restated
Impairments		(43,716)		(43,716)		(26,473)		(70,189)		(70,189)
Accumulated impairment losses December 31, 2024		(63,502)		(66,877)		(26,473)		(89,975)		(93,350)
Net carrying value at December 31, 2024	$	26,473	$	36,256	$	(26,473)	$	—	$	9,783

The following tables summarize the effect of the error on the Company's notes to consolidated financial statements Note 13. Income Taxes for the year ended December 31, 2024:

	2024				2024
	As Previously
Amounts in thousands	Reported		Adjustments		As Restated
(Loss) income before taxes:
US	$	(96,548)	$	(26,473)	$	(123,021)
Total (loss) income before taxes	$	(93,412)	$	(26,473)	$	(119,885)

	2024				2024
	As Previously
Amounts in thousands	Reported		Adjustments		As Restated
US - Deferred	$	26,227	$	(1,042)	$	25,185
Provision (benefit) for US income taxes	$	26,560	$	(1,042)	$	25,518
Total provision (benefit) for income taxes	$	27,673	$	(1,042)	$	26,631

‎

	2024				2024
	As Previously
	Reported		Adjustments		As Restated
Foreign tax rate differential		(0.2%)		0.1%		(0.1%)
State income tax (net of federal benefit)		2.5%		1.0%		3.5%
Income tax to owners of non-controlling interest (Smooth Bourbon)		1.6%		(0.4%)		1.2%
Statutory to US GAAP adjustments, including foreign currency		(0.8%)		0.2%		(0.6%)
Valuation allowance		(52.2%)		6.2%		(46.0%)
Unrecognized tax benefit		0.6%		(0.1%)		0.5%
Stock options		(0.2%)		0.1%		(0.1%)
Effect of cross-border tax laws (GILTI, Subpart F)		(0.7%)		0.1%		(0.6%)
Foreign dividend withholding - current		(1.3%)		0.3%		(1.0%)
Permanent and other items		0.1%		(0.1%)		—
Total provision for income taxes		(29.6%)		7.4%		(22.2%)

	2024				2024
	As Previously
Amounts in thousands	Reported		Adjustments		As Restated
Deferred tax assets
Amortization of goodwill for tax	$	15,984	$	7,445	$	23,429
		183,825		7,445		191,270
Valuation allowance		(49,279)		(6,403)		(55,682)
	$	134,546	$	1,042	$	135,588
Long-term deferred tax (liability) asset	$	(4,743)	$	1,042	$	(3,701)

The following table summarizes the effect of the error on the Company's notes to consolidated financial statements Note 15. Segment and Geographic Information for the year ended December 31, 2024:

	United States		Total				United States		Total
	As Previously		As Previously
Amounts in thousands	Reported		Reported		Adjustments		As Restated		As Restated
(Loss) earnings before income taxes	$	(41,309)	$	(93,412)	$	(26,473)	$	(67,782)	$	(119,885)
Net (loss) earnings attributable to Century Casinos, Inc. shareholders	$	(76,422)	$	(128,170)	$	(25,431)	$	(101,853)	$	(153,601)
Income tax expense (benefit)		28,016		27,673		(1,042)		26,974		26,631
Impairment - goodwill		43,716		43,716		26,473		70,189		70,189
Adjusted EBITDAR	$	93,791	$	102,678	$	—	$	93,791	$	102,678
Long-lived assets		909,768		1,074,604		(26,473)		883,295		1,048,131
Total assets		957,028		1,226,312		(26,473)		930,555		1,199,839