Century Casinos, Inc. Announces Fourth Quarter and Full Year 2022 Results
Interest Income

Century Casinos, Inc. Pronounces Fourth Quarter and Full Yr 2022 Outcomes

COLORADO SPRINGS, Colo., March 10, 2023 /PRNewswire/ — Century Casinos, Inc. (Nasdaq Capital Market®: CNTY) in the present day introduced its monetary outcomes for the three months and 12 months ended December 31, 2022.

Fourth Quarter 2022 Highlights*
In comparison with the three months ended December 31, 2021:

  • Internet working income was $103.8 million, a lower of (3%).
  • Earnings from operations have been $13.8 million, a lower of (16%).
  • Internet loss attributable to Century Casinos, Inc. shareholders was ($4.0) million, a lower of (202%).
  • Adjusted EBITDA** was $21.7 million, a lower of (13%).
  • Loss per share was ($0.14).

2022 Highlights*
In comparison with the 12 months ended December 31, 2021:

  • Internet working income was $430.5 million, a rise of 11%.
  • Earnings from operations have been $67.6 million, a lower of (1%).
  • Internet earnings attributable to Century Casinos, Inc. shareholders was $8.0 million, a lower of (61%).
  • Adjusted EBITDA** was $103.3 million, a rise of 6%.
  • Primary earnings per share was $0.27, a lower of (61%).
  • Diluted earnings per share was $0.25, a lower of (62%).
  • E book worth per share*** at December 31, 2022 was $4.82.

The consolidated outcomes for the three months and years ended December 31, 2022 and 2021 are as follows:



















For the three months



For the 12 months



Quantities in hundreds, besides per share knowledge

ended December 31,



ended December 31,



Consolidated Outcomes:



2022



2021


% Change



2022



2021


% Change

Internet Working Income


$

103,754


$

107,300


(3 %)


$

430,529


$

388,506


11 %

Earnings from Operations



13,757



16,430


(16 %)



67,612



68,518


(1 %)

Internet (Loss) Earnings Attributable
to Century Casinos, Inc.
Shareholders


$

(4,042)


$

3,960


(202 %)


$

7,976


$

20,622


(61 %)


















Adjusted EBITDA**


$

21,666


$

24,888


(13 %)


$

103,340


$

97,926


6 %


















(Loss) Earnings Per Share Attributable to Century Casinos, Inc. Shareholders:

Primary


$

(0.14)


$

0.13


(208 %)


$

0.27


$

0.70


(61 %)

Diluted


$

(0.14)


$

0.13


(208 %)


$

0.25


$

0.66


(62 %)


















“We completed 2022 with document web working income and Adjusted EBITDA regardless of disruptions and short-term closures at our Caruthersville property because of low water ranges within the Mississippi River. In December 2022, we accomplished the relocation of the Caruthersville on line casino from the riverboat and barge to the land-based pavilion the place we are going to function the on line casino till the on line casino and lodge improvement venture is full. Development on this venture and our Cape Girardeau lodge venture are on schedule to be accomplished in 2024,” Erwin Haitzmann and Peter Hoetzinger, Co-Chief Government Officers of Century Casinos remarked. “The Nevada Gaming Management Board has unanimously really useful approval to the Nevada Gaming Fee of our purposes to amass the Nugget On line casino Resort and associated approvals and findings of suitability. Our purposes should nonetheless be permitted by the Nevada Gaming Fee at its assembly on March 23, 2023. If permitted, we plan to shut the Nugget acquisition in early April 2023,” Messrs. Haitzmann and Hoetzinger concluded.

REPORTABLE SEGMENT RESULTS*
The desk beneath exhibits the Firm’s reporting items and working segments which might be included in every of the Firm’s reportable segments as of December 31, 2022:




Reportable Section

Working Section

Reporting Unit

United States

Colorado

Century On line casino & Lodge – Central Metropolis



Century On line casino & Lodge – Cripple Creek


West Virginia

Mountaineer On line casino, Racetrack & Resort


Missouri

Century On line casino Cape Girardeau



Century On line casino Caruthersville (1)

Canada

Edmonton

Century On line casino & Lodge – Edmonton



Century On line casino St. Albert



Century Mile Racetrack and On line casino


Calgary (2)

Century Downs Racetrack and On line casino

Poland

Poland

Casinos Poland

Company and Different

Company and Different

Cruise Ships & Different



Company Different (3)



(1)

Contains neighboring lodge, The Farmstead.

(2)

The Firm operated Century Sports activities by means of February 10, 2022. The Firm operated Century Bets! Inc. by means of August 2021, when operations have been transferred to Century Mile Racetrack and On line casino.

(3)

The Firm’s fairness curiosity in Clean Bourbon, LLC is included within the Company Different reporting unit.

The Firm’s web working income decreased by ($3.5) million, or (3%), and elevated by $42.0 million, or 11%, for the three months and 12 months ended December 31, 2022, in comparison with the three months and 12 months ended December 31, 2021. Following is a abstract of the modifications in web working income by reportable section for the three months and 12 months ended December 31, 2022, in comparison with the three months and 12 months ended December 31, 2021:


























Internet Working Income



For the three months







For the 12 months






Quantities in


ended December 31,



$


%


ended December 31,



$


%

hundreds


2022


2021



Change


Change


2022


2021



Change


Change

United States


$

62,311


$

68,316


$

(6,005)


(9 %)


$

268,582


$

283,285


$

(14,703)


(5 %)

Canada



16,467



16,396



71




71,572



46,428



25,144


54 %

Poland



24,904



22,478



2,426


11 %



90,169



58,226



31,943


55 %

Company and Different



72



110



(38)


(35 %)



206



567



(361)


(64 %)

Consolidated


$

103,754


$

107,300


$

(3,546)


(3 %)


$

430,529


$

388,506


$

42,023


11 %
























The Firm’s earnings from operations decreased by ($2.7) million, or (16%), and by ($0.9) million, or (1%), for the three months and 12 months ended December 31, 2022, in comparison with the three months and 12 months ended December 31, 2021. Following is a abstract of the modifications in earnings (loss) from operations by reportable section for the three months and 12 months ended December 31, 2022, in comparison with the three months and 12 months ended December 31, 2021:


























Earnings (Loss) from Operations




For the three months







For the 12 months







Quantities in


ended December 31,



$


%


ended December 31,



$


%


hundreds


2022


2021



Change


Change


2022


2021



Change


Change


United States


$

11,401


$

16,455


$

(5,054)


(31 %)


$

60,884


$

77,021


$

(16,137)


(21 %)

Canada



2,621



2,180



441


20 %



11,461



4,534



6,927


153 %

Poland



2,536



2,085



451


22 %



9,205



(443)



9,648


2178 %

Company and Different



(2,801)



(4,290)



1,489


35 %



(13,938)



(12,594)



(1,344)


(11 %)

Consolidated


$

13,757


$

16,430


$

(2,673)


(16 %)


$

67,612


$

68,518


$

(906)


(1 %)

























Internet earnings attributable to Century Casinos, Inc. shareholders decreased by ($8.0) million, or (202%), and by ($12.6) million, or (61%), for the three months and 12 months ended December 31, 2022, in comparison with the three months and 12 months ended December 31, 2021. Following is a abstract of the modifications in web earnings (loss) attributable to Century Casinos, Inc. shareholders by reportable section for the three months and 12 months ended December 31, 2022, in comparison with the three months and 12 months ended December 31, 2021:


























Internet Earnings (Loss) Attributable to Century Casinos, Inc. Shareholders



For the three months







For the 12 months






Quantities in


ended December 31,



$


%


ended December 31,



$


%

hundreds


2022


2021



Change


Change


2022


2021



Change


Change

United States


$

3,355


$

10,146


$

(6,791)


(67 %)


$

24,759


$

49,628


$

(24,869)


(50 %)

Canada



1,274



859



415


48 %



6,070



1,124



4,946


440 %

Poland



1,526



1,880



(354)


(19 %)



5,811



440



5,371


1221 %

Company and Different



(10,197)



(8,925)



(1,272)


(14 %)



(28,664)



(30,570)



1,906


6 %

Consolidated


$

(4,042)


$

3,960


$

(8,002)


(202 %)


$

7,976


$

20,622


$

(12,646)


(61 %)
























Objects deducted from or added to earnings from operations to reach at web earnings (loss) attributable to Century Casinos, Inc. shareholders embrace curiosity revenue, curiosity expense, positive aspects (losses) on international forex transactions and different, revenue tax expense and non-controlling pursuits.

Adjusted EBITDA** decreased by ($3.2) million, or (13%), and elevated by $5.4 million, or 6%, for the three months and 12 months ended December 31, 2022 in comparison with the three months and 12 months ended December 31, 2021. Following is a abstract of the modifications in Adjusted EBITDA** by reportable section for the three months and 12 months ended December 31, 2022 in comparison with the three months and 12 months ended December 31, 2021:


























Adjusted EBITDA**



For the three months







For the 12 months






Quantities in


ended December 31,



$


%


ended December 31,



$


%

hundreds


2022


2021



Change


Change


2022


2021



Change


Change

United States


$

16,365


$

21,179


$

(4,814)


(23 %)


$

80,297


$

95,760


$

(15,463)


(16 %)

Canada



3,748



3,396



352


10 %



18,396



9,510



8,886


93 %

Poland



3,195



3,231



(36)


(1 %)



11,874



2,629



9,245


352 %

Company and Different



(1,642)



(2,918)



1,276


44 %



(7,227)



(9,973)



2,746


28 %

Consolidated


$

21,666


$

24,888


$

(3,222)


(13 %)


$

103,340


$

97,926


$

5,414


6 %
























BALANCE SHEET AND LIQUIDITY
As of December 31, 2022, the Firm had $101.8 million in money and money equivalents in comparison with $107.8 million in money and money equivalents at December 31, 2021. Money and money equivalents as of December 31, 2022 don’t embrace restricted money, which incorporates $100.2 million in escrow to fund the acquisition of Nugget Sparks, LLC. As of December 31, 2022, the Firm had $349.6 million in excellent debt in comparison with $181.5 million in excellent debt at December 31, 2021. The excellent debt as of December 31, 2022 included $347.4 million associated to a time period mortgage beneath the Firm’s credit score settlement with Goldman Sachs Financial institution USA (“Goldman”), $4.7 million of financial institution debt associated to Century Resorts Administration GmbH (“CRM”), and $14.4 million associated to a long-term land lease for Century Downs Racetrack and On line casino (“CDR”), web of $16.8 million in deferred financing prices. The Firm additionally has a $284.9 million long-term financing obligation beneath its triple web grasp lease (“Grasp Lease”) of its West Virginia and Missouri properties.

CONFERENCE CALL INFORMATION
In the present day the Firm will put up a duplicate of its Annual Report on Kind 10-Okay filed with the SEC for the 12 months ended December 31, 2022 on its web site at www.cnty.com/investor/financials/sec-filings/. The Firm can even put up a presentation of the 2022 outcomes on its web site at www.cnty.com/investor/displays/.

The Firm will host its fourth quarter 2022 earnings convention name in the present day, Friday, March 10, 2023 at 8:00 am MST. U.S. home members ought to dial 1-800-225-9448. For all worldwide members, please use 203-518-9708 to dial-in. The convention ID is ‘Casinos’. Members might take heed to the decision reside at www.eventcastpro.com/webcasts/cc/occasions/037P3Q.cfm or get hold of a recording of the decision on the Firm’s web site till March 31, 2023 at www.cnty.com/investor/financials/sec-filings/.

*

Quantities offered are rounded. As such, rounding variations may happen in interval over interval modifications and percentages reported.

**

Adjusted EBITDA and Adjusted EBITDA margin are Non-US GAAP monetary measures. See dialogue and reconciliation of Non-US GAAP monetary measures in Supplemental Info beneath.

***

The Firm defines guide worth per share as whole Century Casinos, Inc. shareholders’ fairness divided by excellent frequent shares.

CENTURY CASINOS, INC. AND SUBSIDIARIES
UNAUDITED FINANCIAL INFORMATION – US GAAP BASIS 


Condensed Consolidated Statements of (Loss) Earnings 



For the three months

For the 12 months


ended December 31,

ended December 31,

Quantities in hundreds, aside from per share data


2022


2021


2022


2021

Working income:













Internet working income


$

103,754


$

107,300


$

430,529


$

388,506

Working prices and bills:













Whole working prices and bills



91,111



90,870



366,166



319,988

Earnings from fairness funding



1,114





3,249



Earnings from operations



13,757



16,430



67,612



68,518

Non-operating (expense) revenue, web



(16,388)



(8,842)



(61,602)



(40,369)

(Loss) earnings earlier than revenue taxes



(2,631)



7,588



6,010



28,149

Earnings tax (provision) profit



(470)



(2,558)



7,660



(6,371)

Internet (loss) earnings



(3,101)



5,030



13,670



21,778

Internet earnings attributable to non-controlling pursuits



(941)



(1,070)



(5,694)



(1,156)

Internet (loss) earnings attributable to Century Casinos,
Inc. shareholders


$

(4,042)


$

3,960


$

7,976


$

20,622














(Loss) earnings per share attributable to Century Casinos, Inc. shareholders:

  Primary


$

(0.14)


$

0.13


$

0.27


$

0.70

  Diluted


$

(0.14)


$

0.13


$

0.25


$

0.66














Weighted common frequent shares













  Primary



29,866



29,619



29,809



29,593

  Diluted



31,414



31,581



31,480



31,388





















Condensed Consolidated Steadiness Sheets









December 31,


December 31,

Quantities in hundreds


2022


2021

Property







Present property


$

228,019


$

140,680

Property and gear, web



464,650



472,302

Different property



192,298



90,376

Whole property


$

884,967


$

703,358








Liabilities and Fairness







Present liabilities


$

65,413


$

60,433

Non-current liabilities



665,355



492,568

Century Casinos, Inc. shareholders’ fairness



144,028



141,624

Non-controlling pursuits



10,171



8,733

Whole liabilities and fairness


$

884,967


$

703,358

CENTURY CASINOS, INC. AND SUBSIDIARIES
UNAUDITED SUPPLEMENTAL INFORMATION

Reconciliation of Adjusted EBITDA* to Internet Earnings (Loss) Attributable to Century Casinos, Inc. Shareholders by Reportable Section.



For the three months ended December 31, 2022

Quantities in hundreds



United
States



Canada



Poland



Company
and Different



Whole

Internet earnings (loss) attributable to
Century Casinos, Inc. shareholders


$

3,355


$

1,274


$

1,526


$

(10,197)


$

(4,042)

Curiosity expense (revenue), web (1)



7,221



547



(100)



9,373



17,041

Earnings taxes (profit)



826



636



788



(1,780)



470

Depreciation and amortization



4,946



1,123



627



63



6,759

Internet earnings attributable to non-
controlling pursuits





178



763





941

Non-cash stock-based compensation









697



697

Achieve on international forex transactions,
value restoration revenue and different



(1)



(14)



(441)



(197)



(653)

Loss on disposition of mounted property



18



4



32





54

Acquisition prices









399



399

Adjusted EBITDA


$

16,365


$

3,748


$

3,195


$

(1,642)


$

21,666



















(1)

Expense of $7.2 million associated to the Grasp Lease is included in curiosity expense (revenue), web within the United
States section. Expense of $0.5 million associated to the CDR land lease is included in curiosity expense
(revenue), web within the Canada section. Money funds associated to the Grasp Lease and CDR land lease have been
$6.5 million and $0.5 million, respectively, for the interval offered.


















For the three months ended December 31, 2021

Quantities in hundreds



United
States



Canada



Poland



Company
and Different



Whole

Internet earnings (loss) attributable to
Century Casinos, Inc. shareholders


$

10,146


$

859


$

1,880


$

(8,925)


$

3,960

Curiosity expense (revenue), web (1)



7,145



533



(136)



3,286



10,828

Earnings taxes





594



475



1,489



2,558

Depreciation and amortization



4,665



1,214



705



119



6,703

Internet earnings attributable to non-
controlling pursuits





130



940





1,070

Non-cash stock-based compensation









1,084



1,084

(Achieve) loss on international forex
transactions and value restoration revenue (2)



(836)



59



(674)



27



(1,424)

Loss on disposition of mounted property



59



7



41



2



109

Adjusted EBITDA


$

21,179


$

3,396


$

3,231


$

(2,918)


$

24,888

















(1)

Expense of $7.1 million associated to the Grasp Lease is included in curiosity expense (revenue), web within the United
States section. Expense of $0.5 million associated to the CDR land lease is included in curiosity expense
(revenue), web within the Canada section. Money funds associated to the Grasp Lease and CDR land lease have been
$8.4 million and $0.6 million, respectively, for the interval offered.

(2)

Earnings of $0.8 million associated to the sale of extra land at Mountaineer On line casino, Racetrack & Resort
(“Mountaineer”), web of associated bills, is included in america section.

CENTURY CASINOS, INC. AND SUBSIDIARIES
UNAUDITED SUPPLEMENTAL INFORMATION

Reconciliation of Adjusted EBITDA* to Internet Earnings (Loss) Attributable to Century Casinos, Inc. Shareholders by Reportable
Section.



For the 12 months ended December 31, 2022

Quantities in hundreds



United
States



Canada



Poland



Company
and Different



Whole

Internet earnings (loss) attributable to
Century Casinos, Inc. shareholders


$

24,759


$

6,070


$

5,811


$

(28,664)


$

7,976

Curiosity expense (revenue), web (1)



28,531



2,281



(686)



34,854



64,980

Earnings taxes (profit)



7,595



2,354



2,326



(19,935)



(7,660)

Depreciation and amortization



19,364



4,754



2,606



385



27,109

Internet earnings attributable to non-
controlling pursuits





2,787



2,907





5,694

Non-cash stock-based compensation









3,335



3,335

(Achieve) loss on international forex
transactions, value restoration revenue and
different
(2)



(1)



123



(1,153)



(205)



(1,236)

Loss (achieve) on disposition of mounted property



49



27



63



(121)



18

Acquisition prices









3,124



3,124

Adjusted EBITDA


$

80,297


$

18,396


$

11,874


$

(7,227)


$

103,340

















(1)

Expense of $28.5 million associated to the Grasp Lease is included in curiosity expense (revenue), web within the United
States section. Expense of $2.3 million associated to the CDR land lease is included in curiosity expense
(revenue), web within the Canada section. Money funds associated to the Grasp Lease and CDR land lease have been
$25.7 million and $2.1 million, respectively, for the interval offered. Expense of $7.3 million associated to the
write-off of deferred financing prices in reference to the prepayment of the time period mortgage with Macquarie Capital
(USA) Inc. is included in curiosity expense (revenue), web within the Company and Different section.

(2)

Lack of $2.2 million associated to the sale of the land and constructing in Calgary in February 2022 is included within the
Canada section. The loss from the sale was offset by value restoration revenue for CDR.

CENTURY CASINOS, INC. AND SUBSIDIARIES
UNAUDITED SUPPLEMENTAL INFORMATION

Reconciliation of Adjusted EBITDA* to Internet Earnings (Loss) Attributable to Century Casinos, Inc. Shareholders by Reportable
Section.



For the 12 months ended December 31, 2021

Quantities in hundreds



United
States



Canada



Poland



Company
and Different



Whole

Internet earnings (loss) attributable to
Century Casinos, Inc. shareholders


$

49,628


$

1,124


$

440


$

(30,570)


$

20,622

Curiosity expense (revenue), web (1)



28,229



1,796



(477)



13,110



42,658

Earnings taxes





1,256



257



4,858



6,371

Depreciation and amortization



18,398



4,904



3,028



432



26,762

Internet earnings attributable to non-
controlling pursuits





932



224





1,156

Non-cash stock-based compensation









2,652



2,652

Achieve on international forex transactions,
value restoration revenue and different
(2)



(836)



(545)



(887)



(418)



(2,686)

Loss (achieve) on disposition of mounted property



341



43



44



(37)



391

Adjusted EBITDA


$

95,760


$

9,510


$

2,629


$

(9,973)


$

97,926

















(1)

Expense of $28.2 million associated to the Grasp Lease is included in curiosity expense (revenue), web in america section. Expense of $1.8 million associated to the CDR land lease is included in curiosity expense (revenue), web within the Canada section. Money funds associated to the Grasp Lease and CDR land lease have been $25.3 million and $2.0 million, respectively, for the interval offered.

(2)

Earnings of $0.8 million associated to the sale of extra land at Mountaineer, web of associated bills, is included in america section.

Adjusted EBITDA Margins **



For the three months

For the 12 months


ended December 31,

ended December 31,


2022

2021

2022

2021

United States

26 %

31 %

30 %

34 %

Canada

23 %

21 %

26 %

21 %

Poland

13 %

14 %

13 %

5 %

Company and Different

(2281 %)

(2653 %)

(3508 %)

(1759 %)

Consolidated

21 %

23 %

24 %

25 %






CENTURY CASINOS, INC. AND SUBSIDIARIES
UNAUDITED SUPPLEMENTAL INFORMATION
*  The Firm defines Adjusted EBITDA as web earnings (loss) attributable to Century Casinos, Inc. shareholders earlier than curiosity expense (revenue), web, revenue taxes (profit), depreciation and amortization, non-controlling pursuits web earnings (loss) and transactions, pre-opening bills, acquisition prices, non-cash stock-based compensation fees, asset impairment prices, (achieve) loss on disposition of mounted property, discontinued operations, (achieve) loss on international forex transactions, value restoration revenue and different, achieve on enterprise mixture and sure different one-time transactions. Expense associated to the Grasp Lease and CDR land lease is included within the curiosity expense (revenue), web line merchandise. Intercompany transactions consisting primarily of administration and royalty charges and curiosity, together with their associated tax results, are excluded from the presentation of web earnings (loss) attributable to Century Casinos, Inc. shareholders and Adjusted EBITDA reported for every section. Non-cash stock-based compensation expense is offered beneath Company and Different because the expense is just not allotted to reportable segments when reviewed by the Firm’s chief working resolution makers. Not the entire aforementioned objects happen in every reporting interval, however have been included within the definition based mostly on historic exercise. These changes don’t have any impact on the consolidated outcomes as reported beneath US GAAP. Adjusted EBITDA is just not thought-about a measure of efficiency acknowledged beneath US GAAP. Administration believes that Adjusted EBITDA is a invaluable measure of the relative efficiency of the Firm and its properties. The gaming trade generally makes use of Adjusted EBITDA as a technique of arriving on the financial worth of a on line casino operation. Administration makes use of Adjusted EBITDA to check the relative working efficiency of separate working items by eliminating the above-mentioned objects related to the various ranges of capital expenditures for infrastructure required to generate income and the usually excessive value of buying present operations. Adjusted EBITDA is utilized by the Firm’s lending establishment to gauge working efficiency. The Firm’s computation of Adjusted EBITDA could also be completely different from, and subsequently is probably not similar to, comparable measures utilized by different firms inside the gaming trade. Please see the reconciliation of Adjusted EBITDA to web earnings (loss) attributable to Century Casinos, Inc. shareholders above.

** The Firm defines Adjusted EBITDA margin as Adjusted EBITDA divided by web working income. Adjusted EBITDA margin is a non-US GAAP measure. Administration makes use of this margin as certainly one of a number of measures to guage the effectivity of the Firm’s on line casino operations.

ABOUT CENTURY CASINOS, INC.:
Century Casinos, Inc. is a on line casino leisure firm. The Firm owns and operates Century On line casino & Inns in Cripple Creek and Central Metropolis, Colorado, and in Edmonton, Alberta, Canada; the Century On line casino in Cape Girardeau and Caruthersville, Missouri, and in St. Albert, Alberta, Canada; Mountaineer in New Cumberland, West Virginia; and the Century Mile Racetrack and On line casino in Edmonton, Alberta, Canada. By means of its Austrian subsidiary, CRM, the Firm holds a 66.6% possession curiosity in Casinos Poland Ltd., the proprietor and operator of eight casinos all through Poland; and a 75% possession curiosity in CDR in Calgary, Alberta, Canada. By means of its United States subsidiary, Century Nevada Acquisition, Inc., the Firm owns a 50% membership curiosity in Clean Bourbon, LLC, which owns the land and constructing of the Nugget On line casino Resort (“OpCo”) in Sparks, Nevada. The Firm has an settlement to buy 100% of the membership pursuits in OpCo and an settlement to buy 100% of the fairness curiosity within the Rocky Hole On line casino Resort in Flintstone, Maryland. The Firm additionally has an settlement to function one ship-based on line casino. The Firm continues to pursue different initiatives in varied levels of improvement.

Century Casinos’ frequent inventory trades on The Nasdaq Capital Market® beneath the image CNTY.

For extra details about Century Casinos, go to our web site at www.cnty.com.

CENTURY CASINOS, INC. AND SUBSIDIARIES
UNAUDITED SUPPLEMENTAL INFORMATION

This launch might include “forward-looking statements” inside the that means of Part 27A of the Securities Act of 1933, as amended, Part 21E of the Securities Alternate Act of 1934, as amended, and the Non-public Securities Litigation Reform Act of 1995. These statements are based mostly on the beliefs and assumptions of the administration of Century Casinos based mostly on data at present accessible to administration. Such forward-looking statements embrace, however usually are not restricted to, statements concerning initiatives in improvement and different alternatives, together with closing of the OpCo acquisition and our Missouri building initiatives, our credit score settlement with Goldman and obligations beneath our Grasp Lease and our means to repay our debt and different obligations, outcomes of authorized proceedings, modifications in our tax provisions or publicity to further revenue tax liabilities, and plans for our casinos and our Firm. Such forward-looking statements are topic to dangers, uncertainties and different elements that would trigger precise outcomes to vary materially from future outcomes expressed or implied by such forward-looking statements. Essential elements that would trigger precise outcomes to vary materially from the forward-looking statements embrace, amongst others, the dangers described within the part entitled “Threat Elements” beneath Merchandise 1A in our Annual Report on Kind 10-Okay for the 12 months ended December 31, 2022, and in subsequent periodic and present SEC filings we might make. Century Casinos disclaims any obligation to revise or replace any forward-looking assertion that could be made now and again by it or on its behalf.

SOURCE Century Casinos, Inc.

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