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Segment Information (Tables)

6 Months Ended

Jun. 30, 2024

Segment Information [Abstract]

Schedule Of Information By Reportable Segment

	For the three months ended June 30, 2024
Amounts in thousands			United States			Canada			Poland			Corporate and Other			Total
Net operating revenue		$	106,515		$	19,827		$	20,093		$	—		$	146,435
Earnings (loss) before income taxes			2,408			2,308			28			(14,138)			(9,394)
Net (loss) earnings attributable to Century Casinos, Inc. shareholders		$	(27,593)		$	1,009		$	(40)		$	(14,989)		$	(41,613)
Interest expense (income), net (1)			11,694			3,152			(20)			10,257			25,083
Income tax expense			28,225			456			87			851			29,619
Depreciation and amortization			10,803			1,088			515			43			12,449
Net earnings (loss) attributable to non-controlling interests			1,776			843			(19)			—			2,600
Non-cash stock-based compensation			—			—			—			343			343
(Gain) loss on foreign currency transactions, cost recovery income and other (2)			—			(1,098)			(189)			5			(1,282)
Loss on disposition of fixed assets			132			1			116			—			249
Adjusted EBITDAR		$	25,037		$	5,451		$	450		$	(3,490)		$	27,448

(1)Interest expense in the United States and Canada segments primarily relates to the Master Lease.

(2)Includes $1.1 million related to cost recovery income for CDR.

	For the three months ended June 30, 2023
Amounts in thousands			United States			Canada			Poland			Corporate and Other			Total
Net operating revenue (1)		$	94,408		$	18,834		$	23,515		$	4		$	136,761
Earnings from equity investment			—			—			—			30			30
Earnings (loss) before income taxes			10,232			4,051			1,445			(15,269)			459
Net earnings (loss) attributable to Century Casinos, Inc. shareholders		$	7,252		$	2,729		$	704		$	(12,644)		$	(1,959)
Interest expense (income), net (2)			7,299			547			(117)			10,501			18,230
Income tax expense (benefit)			1,188			1,145			388			(2,625)			96
Depreciation and amortization			8,326			1,146			661			57			10,190
Net earnings attributable to non-controlling interests			1,792			177			353			—			2,322
Non-cash stock-based compensation			—			—			—			928			928
Gain on foreign currency transactions and cost recovery income (3)			—			(630)			(104)			(3)			(737)
Gain on disposition of fixed assets			(33)			—			—			—			(33)
Acquisition costs			—			—			—			251			251
Adjusted EBITDAR		$	25,824		$	5,114		$	1,885		$	(3,535)		$	29,288

(1)Net operating revenue for Corporate and Other primarily related to the Company’s cruise ship operations, which ceased in April 2023.

(2)Interest expense in the United States and Canada segments primarily relates to the Master Lease. Expense related to the CDR land lease was recorded as interest expense in the Canada segment. The CDR land lease ended on September 6, 2023 in conjunction with the Canada Real Estate Sale.

(3)Includes $0.7 million related to the earn out from the sale of casino operations in Calgary in 2020.

‎

	For the six months ended June 30, 2024
Amounts in thousands			United States			Canada			Poland			Corporate and Other			Total
Net operating revenue		$	202,543		$	38,153		$	41,742		$	13		$	282,451
(Loss) earnings before income taxes			(879)			4,244			186			(28,625)			(25,074)
Net (loss) earnings attributable to Century Casinos, Inc. shareholders		$	(29,137)		$	2,146		$	(35)		$	(28,131)		$	(55,157)
Interest expense (income), net (1)			23,440			6,061			(55)			20,765			50,211
Income tax expense (benefit)			24,705			1,184			238			(494)			25,633
Depreciation and amortization			21,093			2,237			1,053			97			24,480
Net earnings (loss) attributable to non-controlling interests			3,553			914			(17)			—			4,450
Non-cash stock-based compensation			—			—			—			846			846
Gain on foreign currency transactions, cost recovery income and other (2)			—			(1,907)			(333)			(350)			(2,590)
Loss (gain) on disposition of fixed assets			521			(36)			357			1			843
Acquisition costs			—			—			—			(19)			(19)
Adjusted EBITDAR		$	44,175		$	10,599		$	1,208		$	(7,285)		$	48,697

(1)Interest expense in the United States and Canada segments primarily relates to the Master Lease.

(2)Includes $1.1 million related to cost recovery income for CDR.

	For the six months ended June 30, 2023
Amounts in thousands			United States			Canada			Poland			Corporate and Other			Total
Net operating revenue (1)		$	160,772		$	35,342		$	49,093		$	61		$	245,268
Earnings from equity investment			—			—			—			1,121			1,121
Earnings (loss) before income taxes			17,383			11,046			4,436			(27,752)			5,113
Net earnings (loss) attributable to Century Casinos, Inc. shareholders		$	12,627		$	4,602		$	2,277		$	(22,708)		$	(3,202)
Interest expense (income), net (2)			14,418			1,070			(211)			20,455			35,732
Income tax expense (benefit)			2,964			2,779			1,020			(5,044)			1,719
Depreciation and amortization			13,357			2,272			1,295			120			17,044
Net earnings attributable to non-controlling interests			1,792			3,665			1,139			—			6,596
Non-cash stock-based compensation			—			—			—			1,664			1,664
(Gain) loss on foreign currency transactions, cost recovery income and other (3)			—			(4,715)			(358)			5			(5,068)
Loss on disposition of fixed assets			437			3			1			5			446
Acquisition costs			—			—			—			409			409
Adjusted EBITDAR		$	45,595		$	9,676		$	5,163		$	(5,094)		$	55,340

(1)Net operating revenue for Corporate and Other primarily related to the Company’s cruise ship operations, which ceased in April 2023.

(2)Interest expense in the United States and Canada segments primarily relates to the Master Lease. Expense related to the CDR land lease was recorded as interest expense in the Canada segment. The CDR land lease ended on September 6, 2023 in conjunction with the Canada Real Estate Sale.

(3)Includes $1.2 million related to the earn out from the sale of casino operations in Calgary in 2020 and $3.5 million related to cost recovery income for CDR.

X

- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

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No definition available.

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