Century Casinos, Inc. announced its second-quarter financial results today, showcasing impressive growth and strong performance despite ongoing challenges in the global market. The company reported record revenue and profit margins, highlighting its ability to adapt and thrive in a rapidly changing industry landscape.
According to the official press release from PR Newswire, Century Casinos, Inc. saw a 25% increase in revenue compared to the same period last year, reaching an impressive $75 million for the quarter. This significant growth was driven by a combination of strong performances across all of the company’s properties, as well as increased market share in key regions.
“We are thrilled to report another quarter of outstanding financial results,” said Peter Hoetzinger, Co-CEO of Century Casinos, Inc. “Our team has worked tirelessly to position the company for success, and these results are a testament to their dedication and hard work.”
In addition to record revenue, Century Casinos, Inc. also reported a 12% increase in profit margins, reflecting the company’s commitment to operational efficiency and cost control. This strong financial performance has not gone unnoticed by investors, with the company’s stock price seeing a significant increase following the announcement of the quarterly results.
Looking ahead, Century Casinos, Inc. remains optimistic about its future growth prospects, with several exciting projects in the pipeline. The company recently announced plans to expand its presence in key markets, including the development of a new resort and casino in a prime location.
“We are confident that our continued investments in our properties and strategic initiatives will position us for long-term success,” said Erwin Haitzmann, Co-CEO of Century Casinos, Inc. “We are excited about the opportunities that lie ahead and look forward to continuing to deliver value for our shareholders.”
Overall, Century Casinos, Inc.’s second-quarter results demonstrate the company’s resilience and strong performance in a challenging economic environment. With record revenue and profit margins, as well as a solid growth strategy in place, the company is well positioned for continued success in the months and years to come.