Century Casinos' Shares Up After 3Q Revenue Beats Estimates

Dow Jones11-05

By Kailyn Rhone

Shares of Century Casinos rose after it reported earnings prior to the start of trading that were in line with analysts' expectations and the development of new locations in Missouri and Poland.

The stock was up 11% to $3.66 in Monday afternoon trading. Shares are down 24% this year.

Century Casinos reported third-quarter revenue declined 3% to $155.7 million from $161.2 million a year ago. That was higher than the $155.4 million expected by analysts, according to FactSet.

The Colorado Springs, Colo.-based company reported a loss of $6.73 million, compared with $13.47 million a year earlier. Earnings from the operations rose 24% to $17.92 million from 14.47 million, in line with the company's expectations.

The company opened a new location in Caruthersville, Mo. which has 50% more gaming positions and twice as many hotel rooms compared with a temporary location it was operating.

Century Casinos said it expects the reopening of location in Wroclaw, Poland to lower disruptions to operations it faced in that country.

Write to Kailyn Rhone at kailyn.rhone@wsj.com

(END) Dow Jones Newswires

November 04, 2024 14:43 ET (19:43 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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