Century Casinos, Inc. (CNTY)

Over the past six months, Century Casinos' stock has experienced several notable events. In August 2025, the company announced its second-quarter 2025 results, reporting a 3% increase in net operating revenue and a 16% increase in earnings from operations compared to the same period in 2024. During this time, Century Casinos also initiated a strategic review process to enhance shareholder value, following inquiries about potential asset sales and strategic partnerships. In May 2025, the company partnered with BetMGM to operate an online and mobile sports betting application in Missouri, with sports betting expected to commence in the fourth quarter of 2025. The opening of a new casino and hotel in Caruthersville, Missouri, on November 1, 2024, led to significant increases in net operating revenue (26%) and Adjusted EBITDAR (31%). However, the stock price saw a significant drop of 27% in November 2025, contributing to a 42% decline over the preceding twelve months. This decline was partly attributed to underperformance at the Nugget Casino Resort in Nevada and softness at regional properties, leading S&P Global Ratings to downgrade Century Casinos' credit rating to 'B-' from 'B' in August 2024. The company also faced construction disruptions at its Missouri properties and temporary closures of three casinos in Poland, impacting cash flow. Despite these challenges, preliminary results for October 2025 showed EBITDAR up over 20% compared to the previous year, and management expressed confidence in a clear path to higher EBITDAR and cash flow for 2026 and beyond. In December 2025, Century Casinos went live with online sports betting and a retail sportsbook at Century Casino & Hotel Cape Girardeau in partnership with BetMGM in Missouri. In January 2026, Century Casinos adopted a 10b5-1 plan for share repurchase.

Specific detailed information on the demand seasonality for Century Casinos, Inc.'s products and services is not explicitly provided in the search results. However, the company operates in the casino entertainment and hospitality industry, which can be influenced by various seasonal factors. Generally, the hospitality and entertainment sectors may experience fluctuations in demand based on holidays, vacation seasons, local events, and weather conditions. The company's diverse geographic footprint across the United States, Canada, and Poland, with properties offering gaming, lodging, dining, and entertainment, suggests that demand could vary by region and time of year. For instance, tourist destinations might see higher demand during peak travel seasons, while local casinos could be more consistently patronized, though still subject to economic conditions and local events. Seeking Alpha mentions that historical insights can inform investment decisions regarding market seasonality for CNTY, implying that seasonal patterns do exist.

Century Casinos, Inc. (CNTY) is a casino entertainment company that develops and operates gaming establishments, along with related lodging, restaurants, horse racing (including off-track betting), and entertainment facilities. The company operates within the Consumer Discretionary sector, specifically in the Hotels, Restaurants, and Leisure industry. Its major products and services include casino gaming, hotel accommodations, dining, horse racing, and various entertainment options such as showrooms, event venues, and a golf course.

Century Casinos, Inc. has a geographic footprint across North America and Europe, with operations segmented into the United States, Canada, and Poland. In the United States, its properties include Century Casino & Hotel-Central City and Century Casino & Hotel-Cripple Creek in Colorado, Mountaineer Casino, Racetrack & Resort in West Virginia, and Century Casino Caruthersville and Century Casino Cape Girardeau in Missouri. Canadian operations encompass Century Casino & Hotel, Century Casino St. Albert, Century Mile Racetrack in Edmonton, and Century Downs Racetrack and Casino in Calgary. In Poland, the company operates approximately six casinos through its subsidiary, Casinos Poland Ltd.

In the past year, Century Casinos' brand reputation has been influenced by a mix of operational challenges and strategic developments. The company's operating performance through the second quarter of 2024 was below expectations, largely due to underperformance at the Nugget Casino Resort in Nevada, which it acquired in 2023. Challenges also persisted at its Rocky Gap Casino in Maryland, attributed to economic softness and competitive pressure from iGaming in neighboring states. Additionally, temporary casino closures in Poland impacted cash flow. These factors contributed to a downgrade of the company's credit rating by S&P Global Ratings in August 2024. However, there have been positive developments as well. The opening of the new casino and hotel in Caruthersville, Missouri, in November 2024, showed strong revenue and EBITDAR growth. The partnership with BetMGM for online and retail sports betting in Missouri, which went live in December 2025, is expected to create new revenue streams and enhance the company's offerings. Century Casinos' Rocky Gap Casino, Resort & Golf also received multiple accolades in Casino Player Magazine's 'The Best of Dining & Nightlife Awards 2025'. Analysts have given Century Casinos a "Moderate Buy" consensus rating, with an average price target suggesting significant upside potential.

Century Casinos, Inc. has a dispersed ownership structure, with institutional investors holding a significant portion of the shares. As of January 23, 2026, there were 78 institutional owners and shareholders holding a total of 17,663,038 shares. Major institutional shareholders include Royce & Associates Lp, AWM Investment Company, Inc., Nokomis Capital, L.L.C., Vanguard Group Inc, Rice Hall James & Associates, Llc, Mill Road Capital Management LLC, Cambridge Investment Research Advisors, Inc., VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Contrarian Capital Management, L.l.c., and BlackRock, Inc. Institutional ownership accounts for 55.95% of the shares, while insiders own 11.07%. Founders Erwin Haitzmann and Peter Hoetzinger retain meaningful stakes and leadership roles on the board.