Century Casinos Deny Deriving Benefit from Trump's Tax Reduction Policy
Century Casinos Reports Mixed Quarterly Results
Century Casinos, a global casino entertainment company, has released its quarterly financial results, showcasing a mix of positive and challenging performances across its various properties.
In Colorado, the company's Central City property experienced flat quarterly cash flow, attributable to increased gaming and property taxes, as well as high marketing costs. Conversely, the company reported a loss for the quarter despite setting all-time records for revenue and cash flow. Century Casinos' co-CEO Hoetzinger remains cautiously optimistic about the return of lower-value players.
Meanwhile, Century Casinos' operations in Canada, primarily in Alberta, demonstrated modest growth in Q2 2025. The company's Canadian properties, including Century Casino & Hotel Edmonton, Century Casino St. Albert, and Century Mile Racetrack and Casino Edmonton, saw a 1% increase in revenue to $20 million and an adjusted EBITDAR of $5.6 million.
Elsewhere in the United States, the Rocky Gap Resort in Maryland faced challenges due to significant weather events, but carded-player revenue and spend per trip increased. Century Casinos' Mountaineer Casino in West Virginia had an excellent quarter, with a 3% revenue boost from igaming.
Century Casinos' small hotel in the Chamonix resort location saw full occupancy on weekends, while the Caruthersville property in Missouri saw a 26% increase in revenue in the first half of 2025 and a 24% increase in the second quarter. The Sparks Nugget, on the other hand, experienced a slump in cash flow due to a lack of ticket sales at outdoor events, but Century Casinos remains confident about reaching previous convention booking levels.
In Eastern Europe, Century Casinos is planning to execute a letter of intent with an Eastern European buyer next week for the sale of their casino in Wroclaw, Poland.
Regarding indirect benefits from U.S. tax changes, Century Casinos has not explicitly detailed specific tax-related advantages in their recent reports. However, the company has highlighted strong operational gains overall, including a 3% increase in net operating revenue and a 16% rise in earnings from operations. The strategic review process they are undertaking indicates they are exploring ways to optimize their portfolio, possibly indicating that tax considerations could play a role indirectly by improving operational margins or by streamlining capital structures to enhance shareholder value.
Century Casinos' new hotel in Cape Girardeau doubled its revenue in the second quarter, with food and beverage jumping 31% and gambling win of $556 per comped guest. Century Casinos' co-CEO Haitzmann perceives a trade-down among casino customers, opting for regional properties over Las Vegas vacations.
The company's second-quarter earnings call was held on August 7.
[1] Century Casinos Reports Q2 Results, Highlights Operational Gains, Tax Changes Benefits (BusinessWire, 2025) [2] Century Casinos Anticipates No Cash Infusion from Corporate Tax Cuts (CNBC, 2025) [3] Century Casinos' Canadian Operations Show Modest Growth in Q2 2025 (GlobeNewswire, 2025) [4] Century Casinos Announces Strategic Review Process (Century Casinos Press Release, 2025) [5] Century Casinos Q2 2025 Earnings Call Transcript (Seeking Alpha, 2025)
In the context of Century Casinos' Q2 results, despite a loss at the Colorado property due to increased taxes and high marketing costs, the company's Canadian operations demonstrated growth in revenue, with a 1% increase and an adjusted EBITDAR of $5.6 million. Furthermore, the company's financial report encompasses various business sectors, including its stake in the casino-and-gambling industry.
