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Century Casinos, Inc. (NASDAQ:CNTY) Q2 2025 Earnings Call August 7, 2025 10:00 AM ET

Company Participants

Erwin Haitzmann - Chairman & Co-CEO
Margaret Stapleton - CFO & Corporate Secretary
Peter Hoetzinger - Vice Chairman, Co-CEO & President

Conference Call Participants

Chad C. Beynon - Macquarie Research
Connor Joseph Parks - CBRE Securities, LLC, Research Division
Jeffrey Austin Stantial - Stifel, Nicolaus & Company, Incorporated, Research Division
Jordan Maxwell Bender - Citizens JMP Securities, LLC, Research Division
Will Yager - Craig-Hallum Capital Group LLC, Research Division

Operator

Good day, everyone, and welcome to today's Century Casinos Q2 2025 Earnings Call. [Operator Instructions] Please note this call is being recorded. [Operator Instructions] It is now my pleasure to turn the conference over to Peter Hoetzinger. Please go ahead, sir.

Peter Hoetzinger

Good morning, everyone, and thank you for joining our earnings call. We would like to remind everyone that we will be discussing forward-looking information under the safe harbor provisions of the U.S. federal securities laws. The company undertakes no obligation to update or revise the forward-looking statements, and actual results may differ from those projected.

Throughout our call, we refer to several non-GAAP financial measures, including, but not limited to, adjusted EBITDAR. Reconciliations of our non-GAAP measures to the appropriate GAAP measures can be found in our news releases and SEC filings available in the Investors section of our website at cnty.com.

After our prepared remarks, we will open the call for questions from analysts. My co-CEO, Erwin Haitzmann; and our Chief Financial Officer, Mrs. Margaret Stapleton, will join me for that.

We announced strong second quarter results this morning. Both revenue and adjusted EBITDA were all-time records for a second quarter. Revenues were $150.8 million, driven by strength in Missouri, Canada and Poland. EBITDAR came in at $30.3 million, a 50% sequential increase and a 10% increase over Q2 of


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