{"id":145,"date":"2024-06-16T08:55:14","date_gmt":"2024-06-16T05:55:14","guid":{"rendered":"https:\/\/candylandcasinonodepositbonus.icu\/2024\/06\/16\/century-casino-q3-earnings-dip-amidst-economic-headwinds-and-acquisition-announcement\/"},"modified":"2024-06-17T13:15:54","modified_gmt":"2024-06-17T10:15:54","slug":"century-casino-q3-earnings-dip-amidst-economic-headwinds-and-acquisition-announcement","status":"publish","type":"post","link":"https:\/\/candylandcasinonodepositbonus.icu\/2024\/06\/16\/century-casino-q3-earnings-dip-amidst-economic-headwinds-and-acquisition-announcement\/","title":{"rendered":"Century Casino Q3 Earnings Dip Amidst Economic Headwinds and Acquisition Announcement"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\" src=\"https:\/\/www.youtube.com\/embed\/sr4Hv1LsaPA\" frameborder=\"0\" allowfullscreen><br>\n<\/iframe><\/p>\n<p>Century Casino saw a 4% decline in net operating income during the recent quarter, as revealed in the company\u2019s most recent earnings statement. <\/p>\n<p>This equates to a net operating income of $112.6 million for the period. Adjusted EBITDA was also negatively impacted, reaching $28.1 million, a 15% reduction compared to the corresponding timeframe last year.  Moreover, operating earnings for the three months ending in September were documented as $20 million, signifying a 22% year-on-year drop.<\/p>\n<p>These numbers were not entirely unexpected.  Century Casino\u2019s shares had already fallen by 1.33% in the trading days leading up to the report\u2019s publication.<\/p>\n<p>Co-CEOs Erwin Haitzmann and Peter Hoetzinger ascribed the downturn to a confluence of elements.  In their remarks accompanying the statement, they emphasized the difficulty of matching 2021\u2019s exceptional financial results, fueled in part by the relaxation of COVID-19 limitations in Missouri.  They also cited the prevailing economic conditions, mentioning inflationary strains and unanticipated expenses associated with their Caruthersville riverboat venture due to reduced water levels in the Mississippi River.<\/p>\n<p>Notwithstanding these obstacles, Century Casino remains proactive.  In August, the company concluded an agreement with Lakes Maryland Development, Golden Entertainment, and Vici Properties for the purchase of the Rocky Gap Casino Resort for a sum of $56.1 million. <\/p>\n<p>During their Q3 earnings discussion, Heitzmann and Hercher spoke about the transaction, stating, \u201cWe previously disclosed in August that we had finalized an agreement to purchase the Rocky Gap Casino Resort operations.  We are thrilled to incorporate this establishment into our expanding US holdings and make our entrance into the Maryland gaming sector.\u201d <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Century Casino saw a 4% decline in net operating income during the recent quarter, as revealed in the company\u2019s most recent earnings statement. This equates to a net operating income of $112.6 million for the period. Adjusted EBITDA was also negatively impacted, reaching $28.1 million, a 15% reduction compared to the corresponding timeframe last year. [&hellip;]<\/p>\n","protected":false},"author":66,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Century Casino Reports Dip in Q3 Earnings: What<\/title>\n<meta name=\"description\" content=\"Century Casino\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/candylandcasinonodepositbonus.icu\/2024\/06\/16\/century-casino-q3-earnings-dip-amidst-economic-headwinds-and-acquisition-announcement\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Century Casino Q3 Earnings Dip Amidst Economic Headwinds and Acquisition Announcement\" \/>\n<meta property=\"og:description\" content=\"Century Casino\" \/>\n<meta property=\"og:url\" content=\"https:\/\/candylandcasinonodepositbonus.icu\/2024\/06\/16\/century-casino-q3-earnings-dip-amidst-economic-headwinds-and-acquisition-announcement\/\" \/>\n<meta property=\"og:site_name\" content=\"Experience the Evolution of Online Casino Fun | Licensed Platform\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-16T05:55:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-17T10:15:54+00:00\" \/>\n<meta name=\"author\" content=\"Jayden &quot;Jigsaw&quot; Graves\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jayden &quot;Jigsaw&quot; Graves\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/candylandcasinonodepositbonus.icu\/2024\/06\/16\/century-casino-q3-earnings-dip-amidst-economic-headwinds-and-acquisition-announcement\/\",\"url\":\"https:\/\/candylandcasinonodepositbonus.icu\/2024\/06\/16\/century-casino-q3-earnings-dip-amidst-economic-headwinds-and-acquisition-announcement\/\",\"name\":\"Century Casino Reports Dip in Q3 Earnings: What\",\"isPartOf\":{\"@id\":\"https:\/\/candylandcasinonodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-16T05:55:14+00:00\",\"dateModified\":\"2024-06-17T10:15:54+00:00\",\"author\":{\"@id\":\"https:\/\/candylandcasinonodepositbonus.icu\/#\/schema\/person\/77a934a510fc2500646c299a8bc9b8aa\"},\"description\":\"Century Casino\",\"breadcrumb\":{\"@id\":\"https:\/\/candylandcasinonodepositbonus.icu\/2024\/06\/16\/century-casino-q3-earnings-dip-amidst-economic-headwinds-and-acquisition-announcement\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/candylandcasinonodepositbonus.icu\/2024\/06\/16\/century-casino-q3-earnings-dip-amidst-economic-headwinds-and-acquisition-announcement\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/candylandcasinonodepositbonus.icu\/2024\/06\/16\/century-casino-q3-earnings-dip-amidst-economic-headwinds-and-acquisition-announcement\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/candylandcasinonodepositbonus.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Century Casino Q3 Earnings Dip Amidst Economic Headwinds and Acquisition Announcement\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/candylandcasinonodepositbonus.icu\/#website\",\"url\":\"https:\/\/candylandcasinonodepositbonus.icu\/\",\"name\":\"Experience the Evolution of Online Casino Fun | Licensed Platform\",\"description\":\"Stay ahead of the curve with our comprehensive news, detailed game reviews, and informative insights. 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