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Segment Information | 6 Months Ended
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Jun. 30, 2022
Segment Information [Abstract] |
Segment Information | 13.SEGMENT INFORMATION The Company reports its financial performance in three reportable segments based on the geographical locations in which its casinos operate: the United States, Canada and Poland. The Company views each market in which it operates as a separate operating segment and each casino or other operation within those markets as a reporting unit. Operating segments are aggregated within reportable segments based on their similar economic characteristics, types of customers, types of services and products provided, the regulatory environments in which they operate, and their management and reporting structure. The Company’s operations related to its concession, management and consulting agreements and certain other corporate and management operations have not been identified as separate reportable segments; therefore, these operations are included in Corporate and Other in the following segment disclosures to reconcile to consolidated results. All intercompany transactions are eliminated in consolidation. The table below provides information about the aggregation of the Company’s reporting units and 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 (1)
|  | Century Bets! Inc. (1)
Poland | Poland | Casinos Poland
Corporate and Other | Corporate and Other | Cruise Ships & Other
|  | Corporate Other (2)
(1)The Company operated Century Sports through February 10, 2022. The Company operated Century Bets! Inc. through August 2021, when operations were transferred to Century Mile. For more information about Century Sports and Century Bets! Inc., see Note 1. (2)The Company’s equity investment in Smooth Bourbon is included in the Corporate Other reporting unit. The Company’s chief operating decision maker is a management function comprised of two individuals. These two individuals are the Company’s Co-Chief Executive Officers. The Company’s chief operating decision makers and management utilize Adjusted EBITDA as the primary profit measure for its reportable segments. Adjusted EBITDA is a non-US GAAP measure defined as net earnings (loss) attributable to Century Casinos, Inc. shareholders before interest expense (income), net, income taxes (benefit), depreciation, amortization, non-controlling interest earnings (loss) and transactions, pre-opening expenses, acquisition costs, non-cash stock-based compensation charges, asset impairment costs, loss (gain) on disposition of fixed assets, discontinued operations, (gain) loss on foreign currency transactions, cost recovery income and other, gain on business combination and certain other one-time transactions. Expense related to the Master Lease is included in the interest expense (income), net line item. Intercompany transactions consisting primarily of management and royalty fees and interest, along with their related tax effects, are excluded from the presentation of net earnings (loss) attributable to Century Casinos, Inc. shareholders and Adjusted EBITDA reported for each segment. Non-cash stock-based compensation expense is presented under Corporate and Other in the tables below as the expense is not allocated to reportable segments when reviewed by the Company’s chief operating decision makers. Not all of the aforementioned items occur in each reporting period, but have been included in the definition based on historical activity. These adjustments have no effect on the consolidated results as reported under US GAAP. Adjusted EBITDA is not considered a measure of performance recognized under US GAAP. ‎ The following tables provide information regarding the Company’s reportable segments:
| For the three months ended June 30, 2022
Amounts in thousands |  |  | United States |  |  | Canada |  |  | Poland |  |  | Corporate and Other |  |  | Total
Net operating revenue (1) |  | $ | 70,313 |  | $ | 19,037 |  | $ | 21,707 |  | $ | 65 |  | $ | 111,122
Earnings (loss) before income taxes |  | $ | 10,521 |  | $ | 3,783 |  | $ | 2,498 |  | $ | (17,372) |  | $ | (570)
Net earnings (loss) attributable to Century Casinos, Inc. shareholders |  | $ | 10,521 |  | $ | 2,875 |  | $ | 1,322 |  | $ | (5,862) |  | $ | 8,856
Interest expense (income), net (2) |  |  | 7,103 |  |  | 585 |  |  | (54) |  |  | 14,162 |  |  | 21,796
Income taxes (benefit) |  |  | — |  |  | 574 |  |  | 515 |  |  | (11,510) |  |  | (10,421)
Depreciation and amortization |  |  | 4,758 |  |  | 1,226 |  |  | 676 |  |  | 119 |  |  | 6,779
Net earnings attributable to non-controlling interests |  |  | — |  |  | 334 |  |  | 661 |  |  | — |  |  | 995
Non-cash stock-based compensation |  |  | — |  |  | — |  |  | — |  |  | 1,012 |  |  | 1,012
(Gain) loss on foreign currency transactions, cost recovery income and other |  |  | — |  |  | (34) |  |  | (397) |  |  | 7 |  |  | (424)
Loss (gain) on disposition of fixed assets |  |  | — |  |  | 8 |  |  | 1 |  |  | (121) |  |  | (112)
Acquisition costs |  |  | — |  |  | — |  |  | — |  |  | 1,297 |  |  | 1,297
Adjusted EBITDA |  | $ | 22,382 |  | $ | 5,568 |  | $ | 2,724 |  | $ | (896) |  | $ | 29,778
(1)Net operating revenue for Corporate and Other primarily related to the Company’s cruise ship operations. (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 $0.6 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 $6.4 million and $0.7 million, respectively, for the period presented. Expense of $7.3 million related to the write-off of deferred financing costs in connection with the prepayment of the Macquarie Term Loan is included in interest expense (income), net in the Corporate and Other segment.
| For the three months ended June 30, 2021
Amounts in thousands |  |  | United States |  |  | Canada |  |  | Poland |  |  | Corporate and Other |  |  | Total
Net operating revenue (1) |  | $ | 76,700 |  | $ | 6,658 |  | $ | 8,689 |  | $ | 138 |  | $ | 92,185
Earnings (loss) before income taxes |  | $ | 16,502 |  | $ | (1,018) |  | $ | (1,839) |  | $ | (6,253) |  | $ | 7,392
Net earnings (loss) attributable to Century Casinos, Inc. shareholders |  | $ | 16,502 |  | $ | (1,525) |  | $ | (1,038) |  | $ | (7,084) |  | $ | 6,855
Interest expense (income), net (2) |  |  | 7,027 |  |  | 396 |  |  | 11 |  |  | 3,253 |  |  | 10,687
Income taxes (benefit) |  |  | — |  |  | 572 |  |  | (283) |  |  | 831 |  |  | 1,120
Depreciation and amortization |  |  | 4,509 |  |  | 1,251 |  |  | 768 |  |  | 105 |  |  | 6,633
Net loss attributable to non-controlling interests |  |  | — |  |  | (65) |  |  | (518) |  |  | — |  |  | (583)
Non-cash stock-based compensation |  |  | — |  |  | — |  |  | — |  |  | 323 |  |  | 323
Loss on foreign currency transactions and cost recovery income |  |  | — |  |  | 10 |  |  | 18 |  |  | 5 |  |  | 33
Loss (gain) on disposition of fixed assets |  |  | 209 |  |  | — |  |  | — |  |  | (39) |  |  | 170
Adjusted EBITDA |  | $ | 28,247 |  | $ | 639 |  | $ | (1,042) |  | $ | (2,606) |  | $ | 25,238
(1)Net operating revenue for Corporate and Other primarily related to the Company’s cruise ship operations and consulting agreements. (2)Expense of $7.0 million related to the Master Lease is included in interest expense, net in the United States segment. Expense of $0.4 million related to the CDR land lease is included in interest expense, net in the Canada segment. Cash payments related to the Master Lease and CDR land lease were $6.3 million and $0.6 million, respectively, for the period presented. ‎
| For the six months ended June 30, 2022
Amounts in thousands |  |  | United States |  |  | Canada |  |  | Poland |  |  | Corporate and Other |  |  | Total
Net operating revenue (1) |  | $ | 135,556 |  | $ | 35,039 |  | $ | 43,531 |  | $ | 98 |  | $ | 214,224
Earnings (loss) before income taxes |  | $ | 19,038 |  | $ | 5,726 |  | $ | 4,454 |  | $ | (25,644) |  | $ | 3,574
Net earnings (loss) attributable to Century Casinos, Inc. shareholders |  | $ | 19,038 |  | $ | 2,170 |  | $ | 2,255 |  | $ | (14,389) |  | $ | 9,074
Interest expense (income), net (2) |  |  | 14,109 |  |  | 1,152 |  |  | (67) |  |  | 17,395 |  |  | 32,589
Income taxes (benefit) |  |  | — |  |  | 1,197 |  |  | 1,072 |  |  | (11,255) |  |  | (8,986)
Depreciation and amortization |  |  | 9,526 |  |  | 2,452 |  |  | 1,356 |  |  | 240 |  |  | 13,574
Net earnings attributable to non-controlling interests |  |  | — |  |  | 2,359 |  |  | 1,127 |  |  | — |  |  | 3,486
Non-cash stock-based compensation |  |  | — |  |  | — |  |  | — |  |  | 1,685 |  |  | 1,685
Loss (gain) on foreign currency transactions, cost recovery income and other (3) |  |  | — |  |  | 209 |  |  | (379) |  |  | (5) |  |  | (175)
Loss (gain) on disposition of fixed assets |  |  | 19 |  |  | 23 |  |  | 4 |  |  | (121) |  |  | (75)
Acquisition costs |  |  | — |  |  | — |  |  | — |  |  | 2,429 |  |  | 2,429
Adjusted EBITDA |  | $ | 42,692 |  | $ | 9,562 |  | $ | 5,368 |  | $ | (4,021) |  | $ | 53,601
(1)Net operating revenue for Corporate and Other primarily related to the Company’s cruise ship operations. (2)Expense of $14.1 million related to the Master Lease is included in interest expense (income), net in the United States segment. Expense of $1.1 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 $10.6 million and $1.0 million respectively, for the period presented. Expense of $7.3 million related to the write-off of deferred financing costs in connection with the prepayment of the Macquarie Term Loan is included in interest expense (income), net in the Corporate and Other segment. (3)Loss of $2.2 million related to the sale of the land and building in Calgary is included in the Canada segment.
| For the six months ended June 30, 2021
Amounts in thousands |  |  | United States |  |  | Canada |  |  | Poland |  |  | Corporate and Other |  |  | Total
Net operating revenue (1) |  | $ | 141,072 |  | $ | 8,666 |  | $ | 14,599 |  | $ | 262 |  | $ | 164,599
Earnings (loss) before income taxes |  | $ | 27,096 |  | $ | (4,510) |  | $ | (5,196) |  | $ | (11,802) |  | $ | 5,588
Net earnings (loss) attributable to Century Casinos, Inc. shareholders |  | $ | 27,096 |  | $ | (5,040) |  | $ | (2,873) |  | $ | (13,747) |  | $ | 5,436
Interest expense (income), net (2) |  |  | 13,962 |  |  | 703 |  |  | 15 |  |  | 6,530 |  |  | 21,210
Income taxes (benefit) |  |  | — |  |  | 163 |  |  | (889) |  |  | 1,945 |  |  | 1,219
Depreciation and amortization |  |  | 9,036 |  |  | 2,473 |  |  | 1,562 |  |  | 205 |  |  | 13,276
Net earnings (loss) attributable to non-controlling interests |  |  | — |  |  | 367 |  |  | (1,434) |  |  | — |  |  | (1,067)
Non-cash stock-based compensation |  |  | — |  |  | — |  |  | — |  |  | 582 |  |  | 582
(Gain) loss on foreign currency transactions, cost recovery income and other |  |  | — |  |  | (548) |  |  | 11 |  |  | (411) |  |  | (948)
Loss (gain) on disposition of fixed assets |  |  | 282 |  |  | 32 |  |  | — |  |  | (39) |  |  | 275
Adjusted EBITDA |  | $ | 50,376 |  | $ | (1,850) |  | $ | (3,608) |  | $ | (4,935) |  | $ | 39,983
(1)Net operating revenue for Corporate and Other primarily related to the Company’s cruise ship operations and consulting agreements. (2)Expense of $14.0 million related to the Master Lease is included in interest expense, net in the United States segment. Expense of $0.7 million related to the CDR land lease is included in interest expense, net in the Canada segment. Cash payments related to the Master Lease and CDR land lease were $10.5 million and $0.9 million respectively, for the period presented.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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