Century Casinos beats Q2 revenue estimates, announces strategic review
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Century Casinos reported a 3% increase in Q2 net operating revenue, surpassing analyst expectations. Earnings from operations rose 16%, and adjusted EBITDAR increased by 10%. The company has initiated a strategic review to enhance shareholder value, which may include a potential sale. Additionally, Century Casinos plans to launch sports betting in Missouri and open a new casino in Poland by Q4 2025. Analysts maintain a "buy" rating, with a median 12-month price target of $4.00, reflecting a 44.8% upside from its recent closing price of $2.21.
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