Century Casinos reported impressive financial results for the second quarter of 2026, achieving record revenues and cash flow despite challenges in Poland. The company's performance in North America was particularly strong, highlighting growth across multiple markets, including significant improvements in customer engagement and hotel revenues.
Century Casinos has recently reported a strong performance for the second quarter of 2026, achieving record revenues and cash flow. However, this success was somewhat tainted by challenges in Poland, particularly the closure of a Warsaw casino and lower table-game hold in the region.
During the earnings call, Century's President, Peter Hoetzinger, emphasized that North America accounted for 90 percent of the company’s overall results. He noted a particularly impressive performance at the Sparks Nugget, along with robust results from operations in Missouri and Colorado. Despite rising gas prices, consumer engagement remained strong, with more players opting to stay close to home.
Hoetzinger remarked, “We benefited from growth across all retail customers,” indicating that the company’s two-year capital expenditure investments were beginning to yield positive results.
Lyle Randolph, who made his debut as Vice President of U.S. Operations, echoed this sentiment by highlighting a consistent growth pattern. Cash flow increased by 16 percent in the first half of 2026, outpacing revenue growth of five percent. This trend was seen as a key indicator of the company’s operational success.
In terms of customer activity, Century reported a six percent increase in coin-in at slot machines and a remarkable 36 percent rise in hotel-room revenue. Room nights reached a three-year high, and corporate sales surged by 300 percent. Notably, the number of guests generating $400 in business per night grew by 20 percent.
Both of Century’s Missouri casinos have shown impressive growth, with cash flow increasing for seven consecutive quarters and revenues climbing by eight percent. The Caruthersville location, in particular, has attracted 15 percent more customers from outside a 50-mile radius, achieving the highest revenue growth among Missouri’s 13 gambling venues.
Rocky Gap Resort in Maryland also demonstrated resilience, reporting only a slight decline in revenues, which were offset by disciplined expense management. Meanwhile, West Virginia’s Mountaineer racino achieved the highest revenue among Century properties, benefiting from a diverse range of gaming options, including a 40 percent increase in revenue from horse racing.
In Colorado, both of Century’s casinos are experiencing encouraging momentum. Revenue increased by 11.5 percent, alongside a 32 percent rise in cash flow. Randolph expressed optimism about these markets, viewing recent competition as an opportunity rather than a threat.
On the Canadian front, all four casinos in Alberta reported growth, with one location surpassing its previous records. Chairman Erwin Haitzmann noted a solid 2.2 percent revenue growth in Canada. There is also growing customer awareness of Century’s new sports bar concept, which aims to leverage new iGaming and online sports betting markets.
Looking ahead, Hoetzinger shared a positive outlook for the remainder of the year, despite the transitional phase in Poland. The company’s new Wroclaw casino is still viewed as a significant long-term opportunity, although the Polish market remains challenging. The management team is optimistic that Century’s debt load will decrease to six times cash flow by the end of the year, with no debt maturities expected for the next three years.
Hoetzinger concluded, “This is a year of harvesting for us. We’re actually feeling really good about the rest of the year.”
As Century Casinos navigates its current challenges, the leadership remains focused on leveraging its strengths in North America while cautiously monitoring opportunities in international markets.
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