XML 61 R43.htm IDEA: XBRL DOCUMENT v3.20.4
Segment And Geographic Information (Tables)
12 Months Ended
Dec. 31, 2020
Segment And Geographic Information [Abstract]  
Aggregation Of Operating Segments Into Reportable Segments

Reportable Segment

Operating Segment

Reporting Unit

United States

Colorado

Century Casino & Hotel - Central City

Century Casino & Hotel - Cripple Creek

West Virginia

Mountaineer Casino, Racetrack & Resort

Missouri

Century Casino Cape Girardeau

Century Casino Caruthersville

Canada

Edmonton

Century Casino & Hotel - Edmonton

Century Casino St. Albert

Century Mile Racetrack and Casino

Calgary

Century Downs Racetrack and Casino

Century Sports

Century Bets! Inc.

Poland

Poland

Casinos Poland

Corporate and Other

Corporate and Other

Cruise Ships & Other

Corporate Other

Segment Information

For the year ended December 31, 2020

Amounts in thousands

United States

Canada

Poland

Corporate and Other

Total

Net operating revenue (1)

$

198,344

$

50,240

$

54,271

$

1,413

$

304,268

Loss before income taxes

$

(29,548)

$

6,869

$

(2,578)

$

(18,031)

$

(43,288)

Net (loss) earnings attributable to Century Casinos, Inc. shareholders

$

(30,571)

$

2,551

$

(1,373)

$

(18,609)

$

(48,002)

Interest expense (income), net (2)

28,357

2,047

27

12,667

43,098

Income taxes (benefit)

1,023

3,765

(518)

578

4,848

Depreciation and amortization

17,580

5,264

3,124

566

26,534

Net earnings (loss) attributable to non-controlling interests

553

(687)

(134)

Non-cash stock-based compensation

(214)

(214)

Gain on foreign currency transactions, cost recovery income and other (3)

(6,015)

(233)

(6,897)

(13,145)

Impairment - intangible and tangible assets

30,746

3,375

1,000

35,121

Loss (gain) on disposition of fixed assets

64

(43)

4

1

26

Acquisition costs

266

266

Adjusted EBITDA

$

47,199

$

11,497

$

344

$

(10,642)

$

48,398

Total assets

$

417,388

$

181,477

$

49,372

$

32,523

$

680,760

Capital expenditures

$

7,767

$

2,057

$

719

$

162

$

10,705

(1)Net operating revenue for the Corporate and Other segment primarily relates to CCB and the Company’s cruise ship operations.

(2)Expense of $28.4 million related to the Master Lease is included in interest expense (income), net in the United States segment. Expense of $1.5 million related to the CDR land lease is included in interest expense (income), net in the Canada segment. Cash payments related to the Master Lease and CDR land lease were $25.0 million and $1.3 million, respectively, for the period presented.

(3)Income of $6.5 million is included in the Canada segment related to the sale of the casino operations of Century Casino Calgary.

For the year ended December 31, 2019

Amounts in thousands

United States

Canada

Poland

Corporate and Other

Total

Net operating revenue (1)

$

49,998

$

80,650

$

81,894

$

5,685

$

218,227

Earnings (loss) before income taxes

$

7,843

$

11,242

$

6,814

$

(37,866)

$

(11,967)

Net earnings (loss) attributable to Century Casinos, Inc. shareholders

$

5,825

$

6,669

$

3,466

$

(35,115)

$

(19,155)

Interest expense (income), net (2)

1,635

5,312

197

1,085

8,229

Income taxes (benefit)

2,018

3,278

1,617

(2,739)

4,174

Depreciation and amortization

2,330

4,539

3,064

910

10,843

Net earnings (loss) attributable to non-controlling interests

1,295

1,731

(12)

3,014

Non-cash stock-based compensation

1,303

1,303

(Gain) loss on foreign currency transactions and cost recovery income

(439)

(1,096)

223

(1,312)

Impairment - intangible and tangible assets

16,486

16,486

Loss on disposition of fixed assets

17

20

413

345

795

Acquisition costs

5,366

5,366

Pre-opening expenses

538

538

Adjusted EBITDA

$

11,825

$

21,212

$

9,392

$

(12,148)

$

30,281

Total assets (3)

$

458,351

$

191,925

$

51,921

$

24,703

$

726,900

Capital expenditures (4)

$

1,148

$

17,865

$

4,188

$

837

$

24,038

(1)Net operating revenue for the Corporate and Other segment primarily relates to CCB and the Company’s cruise ship operations.

(2)Expense of $1.6 million related to the Master Lease is included in interest expense (income), net in the United States segment. Expense of $2.2 million related to the CDR land lease is included in interest expense (income), net in the Canada segment. Cash payments related to the Master Lease and CDR land lease were $3.8 million and $2.0 million, respectively, for the period presented.

(3)Total assets in the United States segment include $404.5 million related to the Acquired Casinos.

(4)Capital expenditures in 2019 included construction costs of $15.0 million related to Century Mile in the Canada segment.


For the year ended December 31, 2018

Amounts in thousands

United States

Canada

Poland

Corporate and Other

Total

Net operating revenue (1)

$

33,483

$

61,361

$

68,209

$

5,885

$

168,938

Earnings (loss) before income taxes

$

5,881

$

10,973

$

367

$

(11,298)

$

5,923

Net earnings (loss) attributable to Century Casinos, Inc. shareholders

$

4,373

$

7,715

$

(153)

$

(8,541)

$

3,394

Interest expense (income), net (2)

1

3,895

206

12

4,114

Income taxes (benefit)

1,508

2,536

595

(2,722)

1,917

Depreciation and amortization

2,178

3,211

3,065

945

9,399

Net earnings (loss) attributable to non-controlling interests

722

(75)

(35)

612

Non-cash stock-based compensation

868

868

(Gain) loss on foreign currency transactions, cost recovery income and other

(235)

(428)

2

(661)

Loss on disposition of fixed assets

1

10

1,054

25

1,090

Pre-opening expenses

1,668

626

350

2,644

Adjusted EBITDA

$

8,061

$

19,522

$

4,890

$

(9,096)

$

23,377

Total assets

$

56,302

$

155,666

$

29,608

$

37,249

$

278,825

Capital expenditures (3)

$

1,183

$

42,029

$

5,134

$

8,428

$

56,774

(1)Net operating revenue for the Corporate and Other segment primarily relates to the Company’s cruise ship operations.

(2)Expense of $2.1 million related to the CDR land lease is included in interest expense (income), net in the Canada segment. Cash payments related to the CDR land lease were $2.1 million for the period presented.

(3)Capital expenditures in 2018 included construction costs of $40.0 million related to Century Mile in the Canada segment.