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Significant Accounting Policies And Restatement Of Previously Issued Consolidated Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2024
Significant Accounting Policies And Restatement Of Previously Issued Consolidated Financial Statements [Abstract] |
Reconciliation Of Cash, Cash Equivalents, And Restricted Cash |
|  | December 31, |  | December 31,
Amounts in thousands |  | 2024 |  | 2023
Cash and cash equivalents |  | $ | 98,769 |  | $ | 171,327
Restricted cash included in deposits and other |  |  | 244 |  |  | 263
Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows |  | $ | 99,013 |  | $ | 171,590
Schedule Of Depreciation Period Of Property And Equipment |
Buildings and improvements | 5 – 39 years
Gaming equipment | 3 – 7 years
Furniture and non-gaming equipment | 3 – 7 years
Schedule Of Exchange Rates Used To Translate Balances |
|  | As of December 31, |  | As of December 31,
Ending Rates |  | 2024 |  | 2023
Canadian dollar (CAD) |  | 1.4349 |  | 1.3232
Euros (EUR) |  | 0.9611 |  | 0.9030
Polish zloty (PLN) |  | 4.1106 |  | 3.9155
|  | For the year |  |  |  |
|  | ended December 31, |  | % Change
Average Rates |  | 2024 |  | 2023 |  | 2022 |  | 2024/2023 |  | 2023/2022
Canadian dollar (CAD) |  | 1.3696 |  | 1.3496 |  | 1.3011 |  | (1.5%) |  | (3.7%)
Euros (EUR) |  | 0.9244 |  | 0.9248 |  | 0.9506 |  | — |  | 2.7%
Polish zloty (PLN) |  | 3.9807 |  | 4.2034 |  | 4.4559 |  | 5.3% |  | 5.7%
Source: Xe Currency Converter |  |
Schedule Of Promotional Allowances |
|  | For the year
|  | ended December 31,
Amounts in thousands |  | 2024 |  | 2023 |  | 2022
Hotel |  | $ | 529 |  | $ | 542 |  | $ | 348
Food and beverage |  |  | 4,489 |  |  | 4,208 |  |  | 2,065
|  | $ | 5,018 |  | $ | 4,750 |  | $ | 2,413
Schedule Of Weighted Average Shares Outstanding |
|  | For the year
|  | ended December 31,
Amounts in thousands |  | 2024 |  | 2023 |  | 2022
Weighted average common shares, basic |  |  | 30,617 |  |  | 30,274 |  |  | 29,809
Dilutive effect of stock options |  |  | — |  |  | — |  |  | 1,671
Weighted average common shares, diluted |  |  | 30,617 |  |  | 30,274 |  |  | 31,480
Schedule Of Anti-Dilutive Stock Options |
|  | For the year
|  | ended December 31,
Amounts in thousands |  | 2024 |  | 2023 |  | 2022
Stock options |  |  | 290 |  |  | 1,911 |  |  | 2,740
Summary Of Effect Of Error Correction | The following table summarizes the effect of the error on the Company's consolidated balance sheet as of December 31, 2024:
|  | December 31, |  |  |  | December 31,
|  | 2024 |  |  |  | 2024
|  | As Previously |  |  |  |
Amounts in thousands |  | Reported |  | Adjustments |  | As Restated
Goodwill |  | $ | 36,256 |  | $ | (26,473) |  | $ | 9,783
Total Assets |  | $ | 1,226,312 |  | $ | (26,473) |  | $ | 1,199,839
Deferred income taxes |  | $ | 5,045 |  | $ | (1,042) |  | $ | 4,003
Total Liabilities |  |  | 1,144,308 |  |  | (1,042) |  |  | 1,143,266
Retained (loss) earnings |  |  | (119,103) |  |  | (25,431) |  |  | (144,534)
Total Century Casinos, Inc. Shareholders' Equity |  |  | (9,300) |  |  | (25,431) |  |  | (34,731)
Total Equity |  |  | 82,004 |  |  | (25,431) |  |  | 56,573
Total Liabilities and Equity |  | $ | 1,226,312 |  | $ | (26,473) |  | $ | 1,199,839
‎ The following table summarizes the effect of the error on the Company's consolidated statements of (loss) earnings for the year ended December 31, 2024:
|  | December 31, |  |  |  | December 31,
|  | 2024 |  |  |  | 2024
|  | As Previously |  |  |  |
Amounts in thousands |  | Reported |  | Adjustments |  | As Restated
Impairment - goodwill |  | $ | 43,716 |  | $ | 26,473 |  | $ | 70,189
Total operating costs and expenses |  |  | 571,603 |  |  | 26,473 |  |  | 598,076
Earnings (loss) from operations |  |  | 4,316 |  |  | (26,473) |  |  | (22,157)
(Loss) earnings before income taxes |  |  | (93,412) |  |  | (26,473) |  |  | (119,885)
Income tax (expense) benefit |  |  | (27,673) |  |  | 1,042 |  |  | (26,631)
Net (loss) earnings |  |  | (121,085) |  |  | (25,431) |  |  | (146,516)
Net (loss) earnings attributable to Century Casinos, Inc. shareholders |  | $ | (128,170) |  | $ | (25,431) |  | $ | (153,601)
(Loss) earnings per share attributable to Century Casinos, Inc. shareholders
Basic |  | $ | (4.19) |  | $ | (0.83) |  | $ | (5.02)
Diluted |  | $ | (4.19) |  | $ | (0.83) |  | $ | (5.02)
The following table summarizes the effect of the error on the Company's consolidated statements of comprehensive loss for the year ended December 31, 2024:
|  | December 31, |  |  |  | December 31,
|  | 2024 |  |  |  | 2024
|  | As Previously |  |  |  |
Amounts in thousands |  | Reported |  | Adjustments |  | As Restated
Net (loss) earnings |  | $ | (121,085) |  | $ | (25,431) |  | $ | (146,516)
Comprehensive (loss) income |  |  | (123,464) |  |  | (25,431) |  |  | (148,895)
Comprehensive loss attributable to Century Casinos, Inc. shareholders |  | $ | (130,523) |  | $ | (25,431) |  | $ | (155,954)
The following table summarizes the effect of the error on the Company's consolidated statements of equity for the year ended December 31, 2024:
|  | December 31, |  |  |  | December 31,
|  | 2024 |  |  |  | 2024
|  | As Previously |  |  |  |
Amounts in thousands |  | Reported |  | Adjustments |  | As Restated
Retained (Loss) Earnings |  |  |  |  |  |  |  |  |
Net (loss) income |  | $ | (128,170) |  | $ | (25,431) |  | $ | (153,601)
Balance, end of period |  |  | (119,103) |  |  | (25,431) |  |  | (144,534)
Total Century Casinos, Inc. Shareholder's Equity |  | $ | (9,300) |  | $ | (25,431) |  | $ | (34,731)
Total Equity |  | $ | 82,004 |  | $ | (25,431) |  | $ | 56,573
‎ The following table summarizes the effect of the error on the Company's consolidated statements of cash flows for the year ended December 31, 2024:
|  | December 31, |  |  |  | December 31,
|  | 2024 |  |  |  | 2024
|  | As Previously |  |  |  |
Amounts in thousands |  | Reported |  | Adjustments |  | As Restated
Cash Flows (used in) provided by Operating Activities |  |  |  |  |  |
Net (loss) earnings |  | $ | (121,085) |  | $ | (25,431) |  | $ | (146,516)
Adjustments to reconcile net (loss) earnings to net cash (used in) provided by operating activities:
Deferred taxes |  |  | 25,166 |  |  | (1,042) |  |  | 24,124
Impairment - goodwill |  |  | 43,716 |  |  | 26,473 |  |  | 70,189
Net cash (used in) provided by operating activities |  | $ | (3,299) |  | $ | — |  | $ | (3,299)
The following table summarizes the effect of the error on the Company's notes to consolidated financial statements Note 5. Goodwill and Intangible Assets for the year ended December 31, 2024:
|  | United States |  | Total |  |  |  | United States |  | Total
|  | As Previously |  | As Previously |  |  |  |  |  |
Amounts in thousands |  | Reported |  | Reported |  | Adjustments |  | As Restated |  | As Restated
Impairments |  |  | (43,716) |  |  | (43,716) |  |  | (26,473) |  |  | (70,189) |  |  | (70,189)
Accumulated impairment losses December 31, 2024 |  |  | (63,502) |  |  | (66,877) |  |  | (26,473) |  |  | (89,975) |  |  | (93,350)
Net carrying value at December 31, 2024 |  | $ | 26,473 |  | $ | 36,256 |  | $ | (26,473) |  | $ | — |  | $ | 9,783
The following tables summarize the effect of the error on the Company's notes to consolidated financial statements Note 13. Income Taxes for the year ended December 31, 2024:
|  | 2024 |  |  |  | 2024
|  | As Previously |  |  |  |
Amounts in thousands |  | Reported |  | Adjustments |  | As Restated
(Loss) income before taxes: |  |  |  |  |  |  |  |  |
US |  | $ | (96,548) |  | $ | (26,473) |  | $ | (123,021)
Total (loss) income before taxes |  | $ | (93,412) |  | $ | (26,473) |  | $ | (119,885)
|  | 2024 |  |  |  | 2024
|  | As Previously |  |  |  |
Amounts in thousands |  | Reported |  | Adjustments |  | As Restated
US - Deferred |  | $ | 26,227 |  | $ | (1,042) |  | $ | 25,185
Provision (benefit) for US income taxes |  | $ | 26,560 |  | $ | (1,042) |  | $ | 25,518
Total provision (benefit) for income taxes |  | $ | 27,673 |  | $ | (1,042) |  | $ | 26,631
‎
|  | 2024 |  |  |  | 2024
|  | As Previously |  |  |  |
|  | Reported |  | Adjustments |  | As Restated
Foreign tax rate differential |  |  | (0.2%) |  |  | 0.1% |  |  | (0.1%)
State income tax (net of federal benefit) |  |  | 2.5% |  |  | 1.0% |  |  | 3.5%
Income tax to owners of non-controlling interest (Smooth Bourbon) |  |  | 1.6% |  |  | (0.4%) |  |  | 1.2%
Statutory to US GAAP adjustments, including foreign currency |  |  | (0.8%) |  |  | 0.2% |  |  | (0.6%)
Valuation allowance |  |  | (52.2%) |  |  | 6.2% |  |  | (46.0%)
Unrecognized tax benefit |  |  | 0.6% |  |  | (0.1%) |  |  | 0.5%
Stock options |  |  | (0.2%) |  |  | 0.1% |  |  | (0.1%)
Effect of cross-border tax laws (GILTI, Subpart F) |  |  | (0.7%) |  |  | 0.1% |  |  | (0.6%)
Foreign dividend withholding - current |  |  | (1.3%) |  |  | 0.3% |  |  | (1.0%)
Permanent and other items |  |  | 0.1% |  |  | (0.1%) |  |  | —
Total provision for income taxes |  |  | (29.6%) |  |  | 7.4% |  |  | (22.2%)
|  | 2024 |  |  |  | 2024
|  | As Previously |  |  |  |
Amounts in thousands |  | Reported |  | Adjustments |  | As Restated
Deferred tax assets |  |  |  |  |  |  |  |  |
Amortization of goodwill for tax |  | $ | 15,984 |  | $ | 7,445 |  | $ | 23,429
|  |  | 183,825 |  |  | 7,445 |  |  | 191,270
Valuation allowance |  |  | (49,279) |  |  | (6,403) |  |  | (55,682)
|  | $ | 134,546 |  | $ | 1,042 |  | $ | 135,588
Long-term deferred tax (liability) asset |  | $ | (4,743) |  | $ | 1,042 |  | $ | (3,701)
The following table summarizes the effect of the error on the Company's notes to consolidated financial statements Note 15. Segment and Geographic Information for the year ended December 31, 2024:
|  | United States |  | Total |  |  |  | United States |  | Total
|  | As Previously |  | As Previously |  |  |  |  |  |
Amounts in thousands |  | Reported |  | Reported |  | Adjustments |  | As Restated |  | As Restated
(Loss) earnings before income taxes |  | $ | (41,309) |  | $ | (93,412) |  | $ | (26,473) |  | $ | (67,782) |  | $ | (119,885)
Net (loss) earnings attributable to Century Casinos, Inc. shareholders |  | $ | (76,422) |  | $ | (128,170) |  | $ | (25,431) |  | $ | (101,853) |  | $ | (153,601)
Income tax expense (benefit) |  |  | 28,016 |  |  | 27,673 |  |  | (1,042) |  |  | 26,974 |  |  | 26,631
Impairment - goodwill |  |  | 43,716 |  |  | 43,716 |  |  | 26,473 |  |  | 70,189 |  |  | 70,189
Adjusted EBITDAR |  | $ | 93,791 |  | $ | 102,678 |  | $ | — |  | $ | 93,791 |  | $ | 102,678
Long-lived assets |  |  | 909,768 |  |  | 1,074,604 |  |  | (26,473) |  |  | 883,295 |  |  | 1,048,131
Total assets |  |  | 957,028 |  |  | 1,226,312 |  |  | (26,473) |  |  | 930,555 |  |  | 1,199,839

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