Record Revenue, Net Loss
Century Casinos reports record Q2 revenue, but significant Poland losses lead to $10.9M net loss.
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Key Points
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The U.S. East segment posted a 2% revenue decline in the second quarter, contrasting with stronger results in other regions.
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Nugget Casino Resort's Adjusted EBITDAR surged 93% in Q2, continuing a 93% increase observed in the prior quarter, highlighting its outsized impact on Century's North American performance.
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North American results included US West net operating revenue up 16% to $23.4 million and US Midwest up 8% to $44.7 million.
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Canada contributed a profit of $1.1 million on $20.4 million of revenue in the quarter.
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Poland remained a weakness, with a 19% revenue decline and about a $14 million quarterly loss, with management noting a low table hold in June 2026 and signs of improvement ahead.
Century Casinos (NASDAQ: CNTY) posted all-time high second-quarter revenue of $152.0 million, up 1% from a year ago, but still reported a net loss of $10.9 million, or $0.39 per share, according to CDC Gaming. Shares rose roughly 4.2% anyway, as investors focused on the company's improving North American momentum rather than the headline loss, Yahoo Finance reported.
Adjusted EBITDAR — a casino industry measure of cash earnings before rent and other costs — rose 5% to $31.7 million. The strong North American results were offset by a brutal quarter in Poland, which dragged the company into the red.
Nugget Casino Resort Powers North American Record Results
North America was the clear engine of growth this quarter. The US West segment posted net operating revenue of $23.4 million, up 16% year over year. The US Midwest followed with $44.7 million, up 8%, according to MarketScreener. Canada added $1.1 million in profit on $20.4 million in revenue.
The biggest standout was the Nugget Casino Resort. Its Adjusted EBITDAR surged 93% in Q2 — matching the same 93% jump it posted the prior quarter, CDC Gaming reported. That back-to-back surge made the Nugget one of the most important growth drivers across Century's entire portfolio. The only weak spot in North America was the US East segment, which slipped 2% in revenue.
Poland Drags Results With $14 Million Quarterly Loss
Century's Polish operations had a rough quarter. Revenue fell 19% compared to a year ago. The segment posted a loss of roughly $14 million — the largest quarterly loss in the region on record, according to CDC Gaming. Management pointed to unusually low table hold in June 2026 as a key reason for the poor numbers.
Despite the pain, executives signaled that things are starting to turn around. They noted improving trends heading into the back half of the year. Poland remains a drag, but Century's leadership said they expect the region to recover as table hold normalizes, Seeking Alpha noted.
Shares Rise Despite Missing Wall Street Earnings Targets
Century fell short of analyst expectations for the quarter, Yahoo Finance reported. Even so, the stock climbed about 4.2%. Investors appeared to look past the miss. The record North American revenue and the Nugget's strong performance gave the market reason for optimism about the company's direction.
The company ended Q2 with $60.2 million in cash and cash equivalents. Total debt stood at roughly $336.5 million, according to MarketScreener. Executives said they remain focused on North American growth and on stabilizing results in Poland before the year is out.
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