Century Casinos sees net profit more than treble to $11.2m in Q3
| By Robert Fletcher
Century Casinos reported a 202.7% year-on-year jump in net profit during the third quarter of its 2021 financial year, while revenue reached a new record high.
Revenue for the three months to September 30 amounted to $116.6m (£86.7m/€101.2m), up from $95.7m in the same period last year, with growth in all regions after Century’s performance in 2020 was impacted by the novel coronavirus (Covid-19) pandemic.
Century’s US casinos remained by for the primary source of income for the operator, with revenue in the country increasing 18.1% to $73.9m. All of Century’s US properties were open and operational in Q3 as Covid-19 measures in the country were eased.
Canadian revenue also climbed 28.9% to $21.4m, after casinos in the country reopened on June 10, albeit it with certain entry requirements for consumers, including a negative rapid test result or proof of vaccination.