Century Casinos, Inc.(CNTY)- NASDAQ
  • Wed, Aug. 10, 9:10 AM
    • Former NBA Commissioner David Stern will make a key speech at the Global Gaming Expo next month in which he will present the case for legalizing sports betting, according to ESPN.
    • Stern's turnaround on sports betting lines him up with the views of current NBA commissioner Adam Silver who supports a federal framework of betting regulations. The NBA has a small stake in FanDuel (Private:DUEL) in what could be considered a bit of a hedge.
    • Sports betting is slated to be a major focus of the Global Gaming Expo scheduled for September 26-September 29 at the Sands Expo. The Nevada Gaming Commission is also considering allowing remote wagering from all 50 states in what could be a major disruption to the industry if passed.
    • Earlier this week, a federal court blocked New Jersey from offering legalized sports betting as it upheld the Professional and Amateur Sports Protection Act.
    • POTUS watch: Both Donald Trump and Hillary Clinton have offered some support for legalized sports betting in prior comments, but don't have well-defined positions on the issue.
    • Broadly-related stocks: ISLE, PENN, PNK, BYD, GLPI, CHDN, MCRI, OTCQB:TPCA, CNTY, ERI, NYNY, DDE, UWN, FLL, CZR, CACQ, MGM, LVS, WYNN, DRAFT, DDAY, OTCPK:DTFSF, ZNGA, OTC:WIMHF, AYA, OTCPK:EIHDF, SGMS, OTCQB:GLXZ.
    | Wed, Aug. 10, 9:10 AM | 5 Comments
  • Fri, Aug. 5, 6:04 AM
    • Century Casinos (NASDAQ:CNTY): Q2 EPS of $0.09 misses by $0.04.
    • Revenue of $35.2M (-7.1% Y/Y) misses by $1.24M.
    • Press Release
    | Fri, Aug. 5, 6:04 AM
  • Fri, Jul. 15, 10:36 AM
    • Century Casinos (CNTY -1.7%announces it opened a new casino on board a cruise ship operated by a subsidiary of Suzhou Taihu International Travel Agency. Plans are for the Glory Sea to make four-day trips between China, Japan, and South Korea.
    • The casino will include a VIP section to be loaded with gamblers by junket operators.
    • "We are excited to enter the Asian gaming market and to increase our position as the world-wide leader in operating casinos on cruise vessels through a long-term agreement with Diamond Cruise International. This is a very cost-effective way for our company to gain a foothold in the lucrative Chinese market and certainly has the potential to grow our ship-based casino segment to a very meaningful size," says Century Casinos’ Co-CEOs Erwin Haitzmann and Peter Hoetzinger.
    | Fri, Jul. 15, 10:36 AM
  • Thu, Jun. 30, 11:57 AM
    • Century Casinos (CNTY +3.8%) announced an agreement to acquire Apex Casino located in the Edmonton, Alberta suburb of St. Albert for C$15.9M.
    • The company will acquire real estate assets of Apex Casino at the appraised value of C$12M.
    • Press Release
    | Thu, Jun. 30, 11:57 AM
  • Fri, May 6, 6:04 AM
    • Century Casinos (NASDAQ:CNTY): Q1 EPS of $0.08 misses by $0.02.
    • Revenue of $32.53M (+7.0% Y/Y) misses by $1.93M.
    • Press Release
    | Fri, May 6, 6:04 AM
  • Tue, Mar. 22, 10:21 AM
    • Century Casinos (CNTY -4.3%) announces it struck a deal with Thomson Cruises on operating a casino on the Thomson Discovery vessel.
    • The Discovery joins the Thomson fleet in Q2 of this year.
    | Tue, Mar. 22, 10:21 AM | 1 Comment
  • Fri, Mar. 11, 7:03 AM
    • Century Casinos (NASDAQ:CNTY): Q4 EPS of $0.03 misses by $0.08.
    • Revenue of $32.6M (+4.3% Y/Y) misses by $3.07M.
    | Fri, Mar. 11, 7:03 AM | 1 Comment
  • Tue, Jan. 26, 1:38 PM
    • The U.S. casino business could generate revenue up to $93B by 2020 as growth picks up, according to a forecast by Technavio.
    • The upside could be higher for regional casinos which aren't battling to offset the loss of VIP baccarat revenue like Las Vegas operators, although Strip revenue is still seen besting 2015 totals.
    • Forecasts for Macau have been cautious due to the carnage in Chinese equity markets, although analysts note the sector will run up against soft comparables for at least the first part of the year. New openings on the Cotai Strip are expected to bring in new international visitors.
    • Related stocks: ISLE, PENN, PNK, BYD, GLPI, CHDN, MCRI, OTCQB:TPCA, CNTY, ERI, NYNY, DDE, UWN, FLL, CZR, CACQ, MGM, LVS, WYNN, MPEL, OTCPK:SJMHY, OTCPK:GXYEF.
    | Tue, Jan. 26, 1:38 PM | 6 Comments
  • Wed, Jan. 20, 10:40 AM
    • Casino stocks are getting battered as the cases for revenue recoveries in Macau and Las Vegas start to crumble. Analysts note that the correlation between stock market turmoil and a drop in VIP casino traffic is hard to ignore.
    • Major losses are being racked up by Wynn Resorts (WYNN -10.1%), Melco Crown (MPEL -9.7%), MGM Resorts (MGM -9.5%), Las Vegas Sands (LVS -8.7%), Caesars Entertainment (CZR -8.3%), Boyd Gaming (BYD -8.2%), Century Casinos (CNTY -7.6%), Pinnacle Entertainment (PNK -6.8%), and Penn National Gaming (PENN -6.1%).
    • Related ETF: BJK.
    | Wed, Jan. 20, 10:40 AM | 10 Comments
  • Nov. 6, 2015, 6:07 AM
    • Century Casinos (NASDAQ:CNTY): Q3 EPS of $0.11 beats by $0.02.
    • Revenue of $33.53M (+19.2% Y/Y) misses by $0.47M.
    | Nov. 6, 2015, 6:07 AM
  • Sep. 18, 2015, 7:52 AM
    • The Nevada Gaming Commission approved a set of rules to allow a new category of games which mix skill and chance.
    • The aim of industry players is to introduce hybrid slot machines which appeal to millennials by incorporating skills such as knowledge of trivia, strategic thinking, or dexterity. Traditional slot machines haven't been popular with millennials in general.
    • Related stocks: CZR, WYNN, SGMS, ISLE, PNK, PENN, MCRI, CNTY, IGT, MGM, BYD, OTCQB:TPCA, ATVI, TTWO, EA.
    • Related ETFs: BJK
    | Sep. 18, 2015, 7:52 AM | 8 Comments
  • Aug. 25, 2015, 2:00 PM
    • A federal appeals court in Philadelphia upheld a ruling that keeps sports betting illegal in all but four states.
    • The state of New Jersey was looking for relief in its bid to offer sports betting at casinos and racetracks across the state.The Third Circuit ruled that the state's plan to open up sports wagering violates the Professional and Amateur Sports Protection Act of 1992.
    • Nevada is the only state where it's legal to bet on individual games, although Delaware, Oregon, and Minnesota have other forms of sports betting. Legislation pending in Indiana, Minnesota, New York, South Carolina, and Texas could be stalled after the legal ruling.
    • Regional casinos and racetracks have the most to gain from sports betting legalization.
    • Related stocks: PENN, PNK, ISLE, DDE, CHDN, MCRI, CNTY, CZR, MGM, WYNN, UWN, OTCQB:TPCA, NYNY.
    | Aug. 25, 2015, 2:00 PM | 6 Comments
  • Aug. 20, 2015, 12:32 PM
    • A new report from the Association of Gaming Equipment Manufactures argues that tighter slot machines have contributed to a drop in revenue.
    • Slot hold percentages increased 6.2% from 2007 to 2014 as total slot revenue fell off.
    • Despite a variety of economic factors in play, the higher hold percentage is seen as diminishing traffic and reducing the overall time visitors spend in a casino. Some analysts have suggested a disconnect between slot machines and the interests of the under-30 generation is a larger factor.
    • Full report on slot market by the Association of Gaming Equipment Manufacturers (.pdf)
    • Related stocks: PENN, PNK, ISLE, DDE, CHDN, MCRI, CNTY, CZR, MGM, WYNN, UWN, OTCQB:TPCA, NYNY.
    | Aug. 20, 2015, 12:32 PM | 18 Comments
  • Aug. 7, 2015, 6:52 AM
    | Aug. 7, 2015, 6:52 AM
  • Aug. 7, 2015, 6:03 AM
    • Century Casinos (NASDAQ:CNTY): Q2 EPS of $0.27 beats by $0.17.
    • Revenue of $37.88M (+20.0% Y/Y) misses by $0.95M.
    | Aug. 7, 2015, 6:03 AM
  • Jul. 20, 2015, 8:15 AM
    • Bank of America Merrill Lynch has raised estimates on the regional gaming sector.
    • Regional casinos saw solid year-over-year traffic increases in April and May, leading to optimism that Q2 profit estimates will be topped.
    • Related stocks: ISLE, PENN, PNK, BYD, GLPI, CHDN, MCRI, OTCQB:TPCA, CNTY, ERI, NYNY, DDE, UWN, FLL, LACO.
    | Jul. 20, 2015, 8:15 AM | 4 Comments
Company Description
Century Casinos, Inc. is an international casino entertainment company, which develops and operates gaming related lodging, restaurant and entertainment facilities. It focuses on investing in, developing and operating regional mid-size casinos in any well regulated market world-wide. The company... More
Sector: Services
Industry: Resorts & Casinos
Country: United States