Century Casinos, Inc. (CNTY) on Q3 2021 Results - Earnings Call Transcript

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Q3: 2021-11-05 Earnings Summary

EPS of $0.36 beats by $0.09
 | Revenue of $116.61M (21.84% Y/Y) beats by $9.91M

Century Casinos, Inc. (NASDAQ:CNTY) Q3 2021 Earnings Conference Call November 5, 2021 10:00 AM ET

Company Participants

Peter Hoetzinger - Vice Chairman, Co-CEO & President
Erwin Haitzmann - Co-CEO & Chairman

Conference Call Participants

Jeff Stantial - Stifel
David Bain - B. Riley
Jordan Bender - Macquarie

Operator

Welcome to Century Casinos, Q3 2021 Earnings Conference Call. This call will be recorded. At this time all participants will are in listen-only mode. Later we will conduct a question-and-answer session.

I would like to introduce our host for today. Mr. Peter Hoetzinger. Please begin, sir.

Peter Hoetzinger

Good morning, everyone. And thank you for joining our earnings call. With me on the call on my co-CEO and the Chairman of Century Casinos Erwin Haitzmann, as well as our Chief Financial Officer Margaret Stapleton.

As always before we begin, we would like to remind you that we will be discussing forward-looking information, which involves a number of risks and uncertainties that may cause actual results to differ materially from our forward-looking statements. We undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. We provide a detailed discussion of the various risks factors in our SEC filings and encourage you to review these findings.

In addition, throughout our call, we refer to several non-GAAP financial measures, including but not limited to adjusted EBITDA. Reconciliations of our non-GAAP performance and liquidity measures to the appropriate GAAP measures can be found in our news release and SEC filing available in the investor section of our website at cmtvy.com.

I will now provide an overview of the third quarter results. After that there will be a question-and-answer session. Our results for the third quarter has been truly outstanding. Revenues exceeded the third quarter of last year by

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