Casino entertainment company Century Casinos has reported $146.4 million in revenue in the second quarter, a 7 percent increase compared to second quarter 2023.

Earnings from operations fell 23 percent to $14.3 million, and adjusted EBITDAR saw a 6 percent decrease to $27.4 million. The net loss attributable to Century Casinos Inc. shareholders was $41.6 million.

“Results for the second quarter of 2024 were impacted by a valuation allowance on our U.S. deferred tax assets, a disappointing performance at the Nugget Casino Resort as well as temporary closures of two casinos in Poland,” Erwin Haitzmann and Peter Hoetzinger, Co-Chief Executive Officers of Century Casinos, said in a news release.

Last week, the company appointed Eric Rose as the Senior Vice President and General Manager of the Nugget Casino Resort in Nevada.

“The Nugget has undergone a leadership change and is implementing right-sizing and cost-cutting initiatives to improve its performance,” the CEOs added. “We look forward to opening our new land-based casino in Caruthersville, Missouri, ahead of schedule later this year.”

With funding from VICI Properties, the Caruthersville project remains within budget, with an anticipated cost of $51.9 million. Construction commenced in December 2022, and it is projected to be completed ahead of schedule this November.

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