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Casino revenue increases amid pandemic
Casino revenue increases amid pandemic By Noelle Williams | May 11, 2021 at 9:58 PM CDT - Updated May 11 at 10:10 PM
CAPE GIRARDEAU, Mo. (KFVS) - Casinos are seeing the best quarter ever this year.
Figures released by the American Gaming Association show casinos took in over $11.1 billion in the first three months of 2021.
Century Casino in Cape Girardeau is no exception.
“I’m what you call a regular,” said Dennis Brewer.
Brewer is not the only one who has made frequent visits to casinos, especially as vaccinations rollout.
Lyle Randolph, General Manager of Century Casino, said they’ve seen an increase in volume of customers.
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COLORADO SPRINGS, Colo., May 7, 2021 /PRNewswire/ Century Casinos, Inc. (Nasdaq Capital Market®: CNTY) today announced its financial results for the three months ended March 31, 2021.
First Quarter 2021 Highlights
Net operating revenue was $72.4 million, a decrease of 17% from the three months ended March 31, 2020.
Earnings from operations was $8.2 million, an increase of 126% from the three months ended March 31, 2020.
Net loss attributable to Century Casinos, Inc. shareholders was ($1.4) million, a change of 97% from the three months ended March 31, 2020.
Adjusted EBITDA was $14.7 million, an increase of 53% from the three months ended March 31, 2020.
Loss per share was ($0.05).
Book value per share at March 31, 2021 was $3.99.