{"id":144,"date":"2024-06-16T08:52:56","date_gmt":"2024-06-16T05:52:56","guid":{"rendered":"https:\/\/yabbynodepositbonus.icu\/2024\/06\/16\/century-casinos-posts-record-revenue-despite-q3-net-loss\/"},"modified":"2024-06-17T13:15:33","modified_gmt":"2024-06-17T10:15:33","slug":"century-casinos-posts-record-revenue-despite-q3-net-loss","status":"publish","type":"post","link":"https:\/\/yabbynodepositbonus.icu\/2024\/06\/16\/century-casinos-posts-record-revenue-despite-q3-net-loss\/","title":{"rendered":"Century Casinos Posts Record Revenue Despite Q3 Net Loss"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/64PDoTU42Ak\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Century Casinos experienced a robust third quarter in 2023, witnessing a substantial 43% surge in net operating income. Nevertheless, despite this remarkable revenue expansion, the firm posted deficits in both operational earnings and net profits for the quarter. This outcome was primarily attributed to numerous property purchases and a significant divestiture that Century Casinos concluded during this timeframe.<\/p>\n<p>The corporation, which manages casinos in the US and Canada, declared a total net operating income of $161.2 million for the quarter concluding September 30, 2023. This signifies a 43% rise compared to the corresponding period the previous year.<\/p>\n<p>Despite the income surge, operational earnings underwent a decrease of 28%, reaching $14.5 million. This decline was chiefly driven by shortfalls in areas outside the US.<\/p>\n<p>While operational earnings within the US actually displayed a healthy growth of 21%, hitting $19.8 million, operations in Canada and Poland witnessed substantial drops. Canada&#8217;s operational earnings plummeted by 47% to $2.1 million, and Poland&#8217;s contracted by 52% to $1.3 million.<\/p>\n<p>This can be partially ascribed to Century Casinos&#8217; strategic choice to divest a portion of its Canadian holdings. This sale encompassed four properties that were procured by a subsidiary of Vici Properties.<\/p>\n<p>The agreement, finalized on September 6, 2023, totaled a purchase amount of CAD$221.7 million (approximately US$162.6 million at the time of the deal).<\/p>\n<p>Century Casinos announced a net deficit attributable to shareholders of $14.2 million. While this reflects a loss, it&#8217;s noteworthy that it&#8217;s a considerable betterment compared to the same period the prior year, marking a 582% reduction. The basic loss per share stood at $0.47.<\/p>\n<p>On an encouraging note, the company&#8217;s adjusted EBITDA exhibited strong expansion, escalating by 19% to reach $33.3 million. <\/p>\n<p>Century Casinos&#8217; joint chief executives, Erwin Haitzmann and Peter Hoetzinger, declared unprecedented net operating income and modified EBITDA subsequent to the prosperous incorporation of the Nugget Casino Resort and Rocky Gap Casino Resort and Golf Course. <\/p>\n<p>They did concede that operational earnings and net profits experienced a decline this period due to singular expenses associated with the Rocky Gap purchase and the Canadian sale-leaseback deal. Nevertheless, they maintain a positive outlook, forecasting income and operational cost patterns to persist in line with recent quarters.<\/p>\n<p>The procurement of the Rocky Gap Casino Resort in Maryland for $59.1 million represents a particularly significant advancement for the enterprise. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Century Casinos experienced a robust third quarter in 2023, witnessing a substantial 43% surge in&#8230;<\/p>\n","protected":false},"author":78,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Century Casinos Q3 2023: Soaring Revenue, But Why the Losses?<\/title>\n<meta name=\"description\" content=\"Century Casinos saw a massive 43% jump in net operating income in Q3 2023. So why are they reporting losses in operational earnings and net profits? Dive in to find out!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/yabbynodepositbonus.icu\/2024\/06\/16\/century-casinos-posts-record-revenue-despite-q3-net-loss\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Century Casinos Posts Record Revenue Despite Q3 Net Loss\" \/>\n<meta property=\"og:description\" content=\"Century Casinos saw a massive 43% jump in net operating income in Q3 2023. So why are they reporting losses in operational earnings and net profits? Dive in to find out!\" \/>\n<meta property=\"og:url\" content=\"https:\/\/yabbynodepositbonus.icu\/2024\/06\/16\/century-casinos-posts-record-revenue-despite-q3-net-loss\/\" \/>\n<meta property=\"og:site_name\" content=\"Discover the Power of Licensed Online Casino Gaming\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-16T05:52:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-17T10:15:33+00:00\" \/>\n<meta name=\"author\" content=\"Landon &quot;Lancer&quot; Dunn\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Landon &quot;Lancer&quot; Dunn\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/yabbynodepositbonus.icu\/2024\/06\/16\/century-casinos-posts-record-revenue-despite-q3-net-loss\/\",\"url\":\"https:\/\/yabbynodepositbonus.icu\/2024\/06\/16\/century-casinos-posts-record-revenue-despite-q3-net-loss\/\",\"name\":\"Century Casinos Q3 2023: Soaring Revenue, But Why the Losses?\",\"isPartOf\":{\"@id\":\"https:\/\/yabbynodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-16T05:52:56+00:00\",\"dateModified\":\"2024-06-17T10:15:33+00:00\",\"author\":{\"@id\":\"https:\/\/yabbynodepositbonus.icu\/#\/schema\/person\/1f4b6ab07897df2bfd37ab2b048b2658\"},\"description\":\"Century Casinos saw a massive 43% jump in net operating income in Q3 2023. So why are they reporting losses in operational earnings and net profits? Dive in to find out!\",\"breadcrumb\":{\"@id\":\"https:\/\/yabbynodepositbonus.icu\/2024\/06\/16\/century-casinos-posts-record-revenue-despite-q3-net-loss\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/yabbynodepositbonus.icu\/2024\/06\/16\/century-casinos-posts-record-revenue-despite-q3-net-loss\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/yabbynodepositbonus.icu\/2024\/06\/16\/century-casinos-posts-record-revenue-despite-q3-net-loss\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/yabbynodepositbonus.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Century Casinos Posts Record Revenue Despite Q3 Net Loss\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/yabbynodepositbonus.icu\/#website\",\"url\":\"https:\/\/yabbynodepositbonus.icu\/\",\"name\":\"Discover the Power of Licensed Online Casino Gaming\",\"description\":\"Immerse yourself in the excitement of licensed online gambling with our regularly updated news, in-depth game reviews, and informative insights. Elevate your gaming experience.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/yabbynodepositbonus.icu\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/yabbynodepositbonus.icu\/#\/schema\/person\/1f4b6ab07897df2bfd37ab2b048b2658\",\"name\":\"Landon \\\"Lancer\\\" Dunn\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/yabbynodepositbonus.icu\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/yabbynodepositbonus.icu\/wp-content\/uploads\/sites\/68\/2024\/06\/man-avatar-96x96.png\",\"contentUrl\":\"https:\/\/yabbynodepositbonus.icu\/wp-content\/uploads\/sites\/68\/2024\/06\/man-avatar-96x96.png\",\"caption\":\"Landon \\\"Lancer\\\" Dunn\"},\"description\":\"Holding a Master's degree in Combinatorial Game Theory and a Bachelor's in Philosophy, this versatile author has a deep appreciation for the strategic and philosophical dimensions of games and their role in shaping human reasoning, decision-making, and social interaction. They have expertise in game semantics, logic, and philosophy of mind, which they apply to the study of the cognitive and communicative aspects of gambling games and the development of strategies to promote critical thinking and responsible decision-making. Their articles and news pieces provide readers with a philosophical perspective on the casino industry and the strategies used to cultivate a culture of reflection and responsibility.\",\"url\":\"https:\/\/yabbynodepositbonus.icu\/author\/weqgfnd134xcb12\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Century Casinos Q3 2023: Soaring Revenue, But Why the Losses?","description":"Century Casinos saw a massive 43% jump in net operating income in Q3 2023. So why are they reporting losses in operational earnings and net profits? Dive in to find out!","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/yabbynodepositbonus.icu\/2024\/06\/16\/century-casinos-posts-record-revenue-despite-q3-net-loss\/","og_locale":"en_GB","og_type":"article","og_title":"Century Casinos Posts Record Revenue Despite Q3 Net Loss","og_description":"Century Casinos saw a massive 43% jump in net operating income in Q3 2023. So why are they reporting losses in operational earnings and net profits? Dive in to find out!","og_url":"https:\/\/yabbynodepositbonus.icu\/2024\/06\/16\/century-casinos-posts-record-revenue-despite-q3-net-loss\/","og_site_name":"Discover the Power of Licensed Online Casino Gaming","article_published_time":"2024-06-16T05:52:56+00:00","article_modified_time":"2024-06-17T10:15:33+00:00","author":"Landon \"Lancer\" Dunn","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Landon \"Lancer\" Dunn","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/yabbynodepositbonus.icu\/2024\/06\/16\/century-casinos-posts-record-revenue-despite-q3-net-loss\/","url":"https:\/\/yabbynodepositbonus.icu\/2024\/06\/16\/century-casinos-posts-record-revenue-despite-q3-net-loss\/","name":"Century Casinos Q3 2023: Soaring Revenue, But Why the Losses?","isPartOf":{"@id":"https:\/\/yabbynodepositbonus.icu\/#website"},"datePublished":"2024-06-16T05:52:56+00:00","dateModified":"2024-06-17T10:15:33+00:00","author":{"@id":"https:\/\/yabbynodepositbonus.icu\/#\/schema\/person\/1f4b6ab07897df2bfd37ab2b048b2658"},"description":"Century Casinos saw a massive 43% jump in net operating income in Q3 2023. So why are they reporting losses in operational earnings and net profits? Dive in to find out!","breadcrumb":{"@id":"https:\/\/yabbynodepositbonus.icu\/2024\/06\/16\/century-casinos-posts-record-revenue-despite-q3-net-loss\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/yabbynodepositbonus.icu\/2024\/06\/16\/century-casinos-posts-record-revenue-despite-q3-net-loss\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/yabbynodepositbonus.icu\/2024\/06\/16\/century-casinos-posts-record-revenue-despite-q3-net-loss\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Homepage","item":"https:\/\/yabbynodepositbonus.icu\/"},{"@type":"ListItem","position":2,"name":"Century Casinos Posts Record Revenue Despite Q3 Net Loss"}]},{"@type":"WebSite","@id":"https:\/\/yabbynodepositbonus.icu\/#website","url":"https:\/\/yabbynodepositbonus.icu\/","name":"Discover the Power of Licensed Online Casino Gaming","description":"Immerse yourself in the excitement of licensed online gambling with our regularly updated news, in-depth game reviews, and informative insights. Elevate your gaming experience.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/yabbynodepositbonus.icu\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/yabbynodepositbonus.icu\/#\/schema\/person\/1f4b6ab07897df2bfd37ab2b048b2658","name":"Landon \"Lancer\" Dunn","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/yabbynodepositbonus.icu\/#\/schema\/person\/image\/","url":"https:\/\/yabbynodepositbonus.icu\/wp-content\/uploads\/sites\/68\/2024\/06\/man-avatar-96x96.png","contentUrl":"https:\/\/yabbynodepositbonus.icu\/wp-content\/uploads\/sites\/68\/2024\/06\/man-avatar-96x96.png","caption":"Landon \"Lancer\" Dunn"},"description":"Holding a Master's degree in Combinatorial Game Theory and a Bachelor's in Philosophy, this versatile author has a deep appreciation for the strategic and philosophical dimensions of games and their role in shaping human reasoning, decision-making, and social interaction. They have expertise in game semantics, logic, and philosophy of mind, which they apply to the study of the cognitive and communicative aspects of gambling games and the development of strategies to promote critical thinking and responsible decision-making. Their articles and news pieces provide readers with a philosophical perspective on the casino industry and the strategies used to cultivate a culture of reflection and responsibility.","url":"https:\/\/yabbynodepositbonus.icu\/author\/weqgfnd134xcb12\/"}]}},"_links":{"self":[{"href":"https:\/\/yabbynodepositbonus.icu\/wp-json\/wp\/v2\/posts\/144"}],"collection":[{"href":"https:\/\/yabbynodepositbonus.icu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yabbynodepositbonus.icu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yabbynodepositbonus.icu\/wp-json\/wp\/v2\/users\/78"}],"replies":[{"embeddable":true,"href":"https:\/\/yabbynodepositbonus.icu\/wp-json\/wp\/v2\/comments?post=144"}],"version-history":[{"count":1,"href":"https:\/\/yabbynodepositbonus.icu\/wp-json\/wp\/v2\/posts\/144\/revisions"}],"predecessor-version":[{"id":174,"href":"https:\/\/yabbynodepositbonus.icu\/wp-json\/wp\/v2\/posts\/144\/revisions\/174"}],"wp:attachment":[{"href":"https:\/\/yabbynodepositbonus.icu\/wp-json\/wp\/v2\/media?parent=144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yabbynodepositbonus.icu\/wp-json\/wp\/v2\/categories?post=144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yabbynodepositbonus.icu\/wp-json\/wp\/v2\/tags?post=144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}