Century Casinos reported a 59 per cent year-on-year increase in operating revenue for the three months to June 30.
The company’s net operating revenues stood at $28.3m for the period, while adjusted EBITDA rose 34 per cent to $3.9m. Net earnings were 219 per cent higher at $3.7m.
The increase relates primarily to the inclusion of the operating results of Casinos Poland, following Century’s acquisition of a further 33.3 per cent stake in the company, taking its ownership interest to 66.6 per cent.
“We posted excellent results in the second quarter. The Casinos Poland acquisition is complete and has been immediately accretive to net operating revenue”, said co-CEOs Erwin Haitzmann and Peter Hoetzinger. “We are well positioned for further growth.”
