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what it is
Century Casinos runs casinos, hotels, restaurants, and betting spots in the U.S., Canada, and Poland.
how it gets paid
Last year Century Casinos made $576M in revenue. Gaming machines and tables was the main engine at $260M, or 45% of sales.
growth snapshot
Revenue was roughly flat last year at $576M. The latest quarter’s EPS print was about -$0.35 (miss vs. ~-$0.28 consensus), while the score strip still carries a much deeper ~-$2.76 FY2024 EPS (est.)—do not merge those into one “the EPS.”
what just happened
Quarterly EPS came in at -$0.35, a miss against the -$0.28 consensus.
At a glance
C balance sheet — red flag territory — real financial stress
15/100 earnings predictability — expect surprises
1.7% return on capital — nothing to write home about
-$2.76 fy2024 eps est
$576M FY2024 revenue (filing line—matches bridge and body; not a separate Street est)
xvary composite: 25/100 — weak
What they do
Century Casinos runs casinos, hotels, restaurants, and betting spots in the U.S., Canada, and Poland.
The edge is location, not magic. Century pulled $576M of annual revenue from 3 countries and 3,181 employees, so your bet is on real properties, not software vapor.
How they make money
$576M
annual revenue · their business grew +0.0% last year
Gaming machines and tables
$260M
Hotel and lodging
$62M
Food, beverage, and entertainment
$88M
Sports betting and iGaming
$56M
Horse racing and off-track betting
$110M
The products that matter
gaming floor revenue engine
Casino Operations
~$426M · ~74% of revenue
rolls up gaming machines and tables, sports betting, and racing from the segment table above. it supported consolidated adjusted EBITDAR of $23.9M in Q4 2025, up 13% from a year earlier—if this bundle stalls, the rest of the model does not save you.
cash flow driver
on-property rooms and stays
Hotel & Lodging
~$62M · ~11% of revenue
matches the ~$62M hotel line in the table. hotel gross margin fell to 13.2% in Q4 2025 from 17.2% a year earlier—pressure in a segment meant to help smooth results.
margin pressure
restaurants and bars
Food & Beverage
~$88M · ~15% of revenue
matches the food, beverage, and entertainment line—much larger than hotel on this page. traffic follows the gaming floor; if footfall slips, this line usually slips with it.
traffic dependent
Key numbers
$576M
annual revenue
This is the size of the whole business, and it has to cover a capital structure with $1.1B of debt.
3.8%
operating margin
A thin positive operating margin still leaves little cushion once interest and below-the-line costs hit—net EPS is still negative in the data on this page.
1.7%
return on capital
You are getting 1.7 cents of profit for each dollar tied up in the business, which is thin for a leveraged operator.
$1.1B
long-term debt
That is the number that scares equity holders, because it is far larger than the stock market value of the company.
Financial health
C
strength
- balance sheet grade C — very weak — significant financial distress
- risk rank 5 — safer than 5% of stocks
- price stability 15 / 100
- long-term debt $1.1B (97% of capital)
C — balance sheet grade and long-term debt are flagged. this stock carries more risk than average.
Total return vs. market
Return history isn't available for CNTY right now.
source: institutional data · return history unavailable
What just happened
missed estimates
Quarterly EPS came in at -$0.35, a miss against the -$0.28 consensus.
The latest reported quarter showed revenue of about $435M, up ~183% vs. prior year (often acquisition- or compare-driven at this scale). Losses still widened versus the prior-year quarter, which is the part investors cannot spin. Ignore any secondary feed line that drops a ~$144M revenue figure next to this same headline—here we anchor the quarter to ~$435M.
~$435M
rev (q)
-$0.35
eps (q)
42.71%
gross margin (q)
the number that mattered
EPS of about -$0.35 on the quarter mattered because revenue growth still did not convert to profit on the print investors traded.
source: company earnings report, 2026
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What could go wrong
the #1 risk here is balance-sheet strain from $1.1B of debt. for CNTY, the operating story only matters if it buys the company more breathing room.
high
$1.1B debt load
long-term debt is 97% of capital. That is not a side note. It is the capital structure deciding how much bad luck equity holders can survive.
A business producing a $61M full-year net loss does not have much room for refinancing pressure, weaker cash flow, or a soft regional gaming market.
med
Missouri and Nugget concentration in the recovery story
management pointed to Missouri and the Nugget as key drivers of the Q4 EBITDAR improvement to $23.9M. That sounds good until you realize how much of the near-term thesis now rides on a few properties staying strong.
If those assets stop improving, the deleveraging story weakens fast because the rest of the portfolio has not shown enough cushion.
med
hotel margin compression
hotel gross margin fell to 13.2% in Q4 2025 from 17.2% a year earlier. The segment is only about 10% of revenue, but it is supposed to help smooth volatility, not add to it.
If non-gaming profitability keeps slipping, you get a more casino-dependent business without the balance sheet strength to enjoy that risk.
med
thin 2026 growth cushion
analysts see 2026 revenue at $602M, with a low estimate of $599M and a high of $606M. That is only about 4.5% above the $576M 2024 revenue estimate.
When the expected improvement is this modest, you do not need a disaster to break the story. A small miss does the job.
combined, these risks leave you owning a $39M equity stub sitting under $1.1B of debt. If cash flow does not keep improving, the balance sheet stays the main character.
source: institutional data · regulatory filings · risk analysis
Pay attention to
2026 revenue
$602M is the line the street drew
consensus sits at $602M for 2026, with a range of $599M to $606M. That spread is tight. If results land below it, the recovery story gets thinner fast.
cash flow path
Missouri and the Nugget have to keep lifting EBITDAR
management said those properties should help 2026 EBITDAR and cash flow. With debt at 97% of capital, you should care more about cash generation than headline revenue.
capex discipline
$14–$15M expected capex versus $18M in 2025
lower capital spending would free up cash. In a normal company that is helpful. Here it is part of how you keep the debt story from getting worse.
operating pressure
watch whether hotel margins recover from 13.2%
hotel gross margin fell from 17.2% to 13.2% in Q4 2025. If that keeps sliding, the integrated-property model loses one of its few stabilizers.
Analyst rankings
earnings predictability
15 / 100
earnings are hard to model here. in human-speak, analysts do not trust the quarter-to-quarter numbers.
risk rank
5
risk rank: 5. that means the stock screens riskier than roughly 95% of names in the dataset.
balance sheet grade
C
balance sheet grade: C. plain english: the asset base exists, but the debt load dominates the conversation.
source: institutional data
Institutional activity
institutional ownership data for CNTY is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$1
current price
n/a
target midpoint · n/a from current
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