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Segment Information (Tables)

9 Months Ended

Sep. 30, 2021

Segment 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 three months ended September 30, 2021
Amounts in thousands			United States			Canada			Poland			Corporate and Other			Total
Net operating revenue (1)		$	73,897		$	21,368		$	21,151		$	194		$	116,610
Earnings (loss) before income taxes		$	12,389		$	6,242		$	2,829		$	(6,488)		$	14,972
Net earnings (loss) attributable to Century Casinos, Inc. shareholders		$	12,389		$	5,308		$	1,437		$	(7,908)		$	11,226
Interest expense (income), net (2)			7,121			560			(355)			3,294			10,620
Income taxes			—			499			674			1,420			2,593
Depreciation and amortization			4,699			1,217			760			108			6,784
Net earnings attributable to non-controlling interests			—			435			718			—			1,153
Non-cash stock-based compensation			—			—			—			986			986
Gain on foreign currency transactions, cost recovery income and other			—			(57)			(232)			(24)			(313)
Loss on disposition of fixed assets			—			4			3			—			7
Adjusted EBITDA		$	24,209		$	7,966		$	3,005		$	(2,124)		$	33,056

(1)Net operating revenue for Corporate and Other primarily related to the Company’s consulting agreements.

(2)Expense of $7.1 million related to the Master Lease is included in interest expense (income), net in the United States segment. Expense of $0.5 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 $6.3 million and $0.4 million, respectively, for the period presented.

	For the three months ended September 30, 2020
Amounts in thousands			United States			Canada			Poland			Corporate and Other			Total
Net operating revenue (1)		$	62,647		$	16,577		$	16,339		$	143		$	95,706
Earnings (loss) before income taxes		$	7,656		$	2,514		$	252		$	(6,038)		$	4,384
Net earnings (loss) attributable to Century Casinos, Inc. shareholders		$	7,656		$	1,880		$	86		$	(5,874)		$	3,748
Interest expense (income), net (2)			7,051			525			6			3,005			10,587
Income taxes (benefit)			—			469			123			(164)			428
Depreciation and amortization			4,506			1,345			777			196			6,824
Net earnings attributable to non-controlling interests			—			165			43			—			208
Non-cash stock-based compensation			—			—			—			354			354
Loss (gain) on foreign currency transactions and cost recovery income			—			30			(56)			69			43
Loss on disposition of fixed assets			9			11			2			—			22
Adjusted EBITDA		$	19,222		$	4,425		$	981		$	(2,414)		$	22,214

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

(2)Expense of $7.1 million related to the Master Lease is included in interest expense (income), net in the United States segment. Expense of $0.4 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 $6.2 million and $0.4 million, respectively, for the period presented.

‎

	For the nine months ended September 30, 2021
Amounts in thousands			United States			Canada			Poland			Corporate and Other			Total
Net operating revenue (1)		$	214,969		$	30,031		$	35,751		$	456		$	281,207
Earnings (loss) before income taxes		$	39,486		$	1,728		$	(2,364)		$	(18,289)		$	20,561
Net earnings (loss) attributable to Century Casinos, Inc. shareholders		$	39,486		$	265		$	(1,432)		$	(21,657)		$	16,662
Interest expense (income), net (2)			21,083			1,263			(341)			9,825			31,830
Income taxes (benefit)			—			661			(216)			3,368			3,813
Depreciation and amortization			13,734			3,689			2,320			317			20,060
Net earnings (loss) attributable to non-controlling interests			—			802			(716)			—			86
Non-cash stock-based compensation			—			—			—			1,568			1,568
Gain on foreign currency transactions, cost recovery income and other			—			(604)			(221)			(436)			(1,261)
Loss (gain) on disposition of fixed assets			282			36			3			(39)			282
Adjusted EBITDA		$	74,585		$	6,112		$	(603)		$	(7,054)		$	73,040

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

(2)Expense of $21.1 million related to the Master Lease is included in interest expense (income), net in the United States segment. Expense of $1.2 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 $16.8 million and $1.3 million, respectively, for the period presented.

‎

	For the nine months ended September 30, 2020
Amounts in thousands			United States			Canada			Poland			Corporate and Other			Total
Net operating revenue (1)		$	139,908		$	37,479		$	40,793		$	1,286		$	219,466
Loss before income taxes		$	(34,976)		$	(1,444)		$	(1,822)		$	(13,126)		$	(51,368)
Net loss attributable to Century Casinos, Inc. shareholders		$	(35,999)		$	(4,102)		$	(1,134)		$	(13,480)		$	(54,715)
Interest expense (income), net (2)			21,286			1,504			23			9,719			32,532
Income taxes (benefit)			1,023			2,281			(123)			354			3,535
Depreciation and amortization			13,008			3,973			2,279			463			19,723
Net earnings (loss) attributable to non-controlling interests			—			377			(565)			—			(188)
Non-cash stock-based compensation			—			—			—			589			589
Loss (gain) on foreign currency transactions and cost recovery income			—			101			91			(6,976)			(6,784)
Impairment - intangible and tangible assets (3)			30,746			3,375			—			1,000			35,121
Loss (gain) on disposition of fixed assets			9			(58)			4			2			(43)
Acquisition costs			—			—			—			266			266
Adjusted EBITDA		$	30,073		$	7,451		$	575		$	(8,063)		$	30,036

(1)Net operating revenue for Corporate and Other primarily related to CCB, the Company’s cruise ship operations and consulting agreements.

(2)Expense of $21.3 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 $16.7 million and $1.3 million, respectively, for the period presented.

(3)Expense of $30.7 million and $3.4 million is included in the United States and Canada segments, respectively, related to the impairment of goodwill and intangible assets (see Note 4). Expense of $1.0 million is included in the Corporate and Other segment related to the impairment of the MCE investment (see Note 3).

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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