Century Casinos Sees Record-Breaking Q1 2026 with 5% Net Operating Revenue Growth
Century Casinos, a leading gaming and hospitality company, has announced its strongest first quarter in history, with net operating revenue increasing by 5%. This impressive growth is a testament to the company's diversified portfolio and ability to navigate the changing market landscape.
In a recent conference call, Century Casinos' management team highlighted the key drivers behind this success. The company's performance was broad-based, with every single property in the U.S. and Canada experiencing higher revenues compared to Q1 2025. This growth was particularly notable at the Nugget, where EBITDAR increased by a staggering 93%.
Erwin Haitzmann, Co-CEO of Century Casinos, praised the company's operating discipline, which led to improved flow-through and property margins in the high thirties and even above 40%. The team also credited the growth across core and retail customers, fueled by improving weather conditions and a predominantly local repeat customer base.
"We are seeing solid trends since around December of last year, despite higher gas prices," said Peter Hoetzinger, Co-CEO. "At most of our properties, the majority of our customers live within a 45-minute drive. Hence, the overall economy, inflation, and especially employment are more impactful and meaningful than gas prices alone."
The company's diversified portfolio is spread across five states and one Canadian province, with properties in Rocky Gap Casino, Resort & Golf in Maryland; Missouri; and Poland. The trend of customers staying closer to home and spending their money closer to home has been a significant contributor to the company's success.
Rocky Gap Casino, Resort & Golf in Maryland, for example, saw revenue increase by 6.5% year-over-year, driven by solid gains in visitation in January and February. Slot revenue rose 16%, boosted by improved hold, while rated gaming revenue grew 21%. The property's direct mail digitization initiative has delivered meaningful savings in marketing spend while maintaining engagement.
Century Casinos' Q1 2026 results are a strong indication of the company's resilience and ability to adapt to changing market conditions. As the company continues to invest in its properties and capitalize on emerging trends, investors can expect to see further growth and expansion in the coming quarters.
