XML 14 R1.htm IDEA: XBRL DOCUMENT v3.25.3
Document And Entity Information - shares
6 Months Ended
Jun. 30, 2025
Aug. 04, 2025
Document And Entity Information [Abstract]    
Document Type 10-Q/A  
Amendment Flag true  
Document Quarterly Report true  
Document Fiscal Period Focus Q2  
Current Fiscal Year End Date --12-31  
Document Fiscal Year Focus 2025  
Document Period End Date Jun. 30, 2025  
Document Transition Report false  
Entity File Number 0-22900  
Entity Registrant Name CENTURY CASINOS, INC.  
Entity Incorporation, State or Country Code DE  
Entity Tax Identification Number 84-1271317  
Entity Address, Address Line One 455 E. Pikes Peak Ave.  
Entity Address, Address Line Two Suite 210  
Entity Address, City or Town Colorado Springs  
Entity Address, State or Province CO  
Entity Address, Postal Zip Code 80903  
City Area Code 719  
Local Phone Number 527-8300  
Title of 12(b) Security Common Stock, $0.01 Per Share Par Value  
Trading Symbol CNTY  
Security Exchange Name NASDAQ  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Accelerated Filer  
Entity Small Business true  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   30,020,396
Entity Central Index Key 0000911147  
Amendment Description Century Casinos, Inc. (the “Company,” “we,” “our,” or “us”) is filing this Amendment No. 1 on Form 10-Q/A (this “Amendment” or “Form 10-Q/A”) to amend our Quarterly Report on Form 10-Q for the three and six months ended June 30, 2025, which was originally filed with the US Securities and Exchange Commission (“SEC”) on August 7, 2025 (the “Original Form 10-Q”). The purpose of this Amendment is to restate our previously issued unaudited condensed consolidated financial statements and related financial information in the Original Form 10-Q. This Amendment also restates our previous conclusion and disclosure with respect to the effectiveness of our disclosure controls and procedures. Restatement Background As disclosed in Form 8-K filed on November 10, 2025, on November 6, 2025, the Audit Committee of the Board of Directors of the Company concluded that our previously issued audited consolidated financial statements as of and for the year ended December 31, 2024 (the “Form 10-K Financial Statements”) included in the Form 10-K for the year ended December 31, 2024 (the “Original Form 10-K”) contained a material error and should be restated. This determination occurred after meeting with our Chief Financial Officer and other members of management and members of our Board of Directors. The error also impacted the unaudited condensed consolidated financial statements (the “Form 10-Q Financial Statements”, and with the Form 10-K Financial Statements the “Previously Issued Financial Statements”) contained in the Original Form 10-Q and the Form 10-Q for the quarter ended March 31, 2025 (the “Original Forms 10-Q”). This Amendment is being filed to restate certain disclosures and our condensed consolidated financial statements to reflect the correction of the calculation of the carrying value of invested capital used in the valuation of our Rocky Gap reporting unit that resulted in an impairment of goodwill of $26.5 million for this reporting unit. Accordingly, investors and all other persons should no longer rely upon the Previously Issued Financial Statements included in the Original Form 10-Q. In addition, any previously issued or filed earnings releases, investor presentations or other communications describing the Previously Issued Financial Statements and other related financial information covering these periods should no longer be relied upon. Other Amended Filings In addition to this Form 10-Q/A, we are concurrently filing an amendment to the Original Form 10-K and Form 10-Q for the fiscal quarter ended March 31, 2025 to restate our previously issued audited and unaudited consolidated financial statements and related financial information presented therein and to restate our previous conclusion and disclosure with respect to the effectiveness of our disclosure controls and procedures for those periods and our internal control over financial reporting for the year ended December 31, 2024. Disclosure Control Considerations As a result of this restatement, management has reevaluated the effectiveness of our disclosure controls and procedures as of June 30, 2025. Management has concluded that our disclosure controls and procedures were not effective as of June 30, 2025. We did not adequately design, implement and maintain effective controls to timely review certain key inputs and assumptions used in the performance of impairment testing and related disclosures. Notwithstanding the material weakness, and based on the additional analyses and other procedures management performed, we have concluded that our condensed consolidated financial statements included in this Quarterly Report on Form 10-Q/A present fairly, in all material respects, our financial position, results of operations and cash flows for each of the periods presented herein. For a discussion of management’s considerations of our disclosure controls and procedures, refer to Controls and Procedures in Part I, Item 4. Items Amended in this Form 10-Q/A For the convenience of the reader, this Form 10-Q/A amends and restates the Original Form 10-Q in its entirety. As a result, it includes both items that have been changed as a result of the restatement and items that are unchanged from the Original Form 10-Q. The following items in the Original Form 10-Q have been amended as a result of, and to reflect, the restatement: Part I, Item 1, Financial StatementsPart I, Item 4, Controls and ProceduresPart II, Item 2, Management’s Discussion and Analysis of Financial Condition and Results of OperationsPart II, Item 6, Exhibits In addition, as required by Rule 12b-15 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), new certifications by our principal executive officers and principal financial officer are filed herewith as exhibits to this Form 10-Q/A pursuant to Rule 13a-14(a) of the Exchange Act and Section 1350 of Chapter 63 of Title 18 of the United States Code. Investors should rely only on the financial information and other disclosures regarding the restated period in this Form 10-Q/A or in future filings with the SEC (as applicable), and not on any previously issued or filed reports, earnings releases or similar communications relating to this period. See Note 1 to the condensed consolidated financial statements, included in Part I of this Form 10-Q/A, for additional information on the restatement and the related condensed consolidated financial statement effects. Except as described above, this Amendment does not amend, update or change any other disclosures in the Original Form 10-Q. In addition, the information contained in this Amendment does not reflect events occurring after the Original Form 10-Q and does not modify or update the disclosures therein, except to reflect the effects of the restatement. This Amendment should be read in conjunction with our other filings with the SEC.