Century Casinos Delivers Strong Q4 Results Amidst Industry Headwinds
Century Casinos, a leading gaming and hospitality company, reported solid financial results for the fourth quarter of 2025, despite facing significant challenges in the industry. The company's adjusted EBITDA increased by 13% year-over-year, driven by strong performances at several of its casinos, including those in Colorado, West Virginia, and Missouri.
"We delivered double-digit EBITDA growth at several of our casinos, including in Colorado, at Mountaineer in West Virginia, and in Caruthersville, Missouri," said Peter Hoetzinger, Co-CEO of Century Casinos. "At the Nugget in Reno, EBITDA was up 21%."
The company's success can be attributed to its ability to attract high-value customers from every direction, as well as middle-aged customers and those from more than 49 miles away. The Century Casino & Hotel Caruthersville property has been a particular success story, with EBITDA increasing by $5.4 million or 28% year-over-year.
"We acquired Century Casino & Hotel Caruthersville as a $12 million EBITDA per year property in December 2019," said Erwin Haitzmann, Co-CEO of Century Casinos. "With improvements to the gaming floor and the move to a temporary land-based facility, we grew the property to $19 million of EBITDA by 2023. With the transition to the permanent casino and hotel building accomplished in November 2024, Caruthersville is now an almost $25 million EBITDA property."
Despite these successes, not all of Century Casinos' properties performed equally well. The company's Century Casino & Hotel Cape Girardeau property saw declines in both revenue and EBITDA for the quarter and year.
"Our property in Girardeau saw declines in both the quarter and the year," said Haitzmann. "EBITDA in Q4 decreased from $6.8 million to $5.9 million, and EBITDA for all of 2025 decreased from $25.6 million to $24.7 million."
However, Century Casinos' overall results were still positive, with the company's adjusted EBITDA increasing by 3% year-over-year despite challenges in Poland and a decline in sports betting income in Colorado.
