Century Casinos Files Q3 2024 10-Q
Ticker: CNTY · Form: 10-Q · Filed: Nov 4, 2024 · CIK: 911147
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
Century Casinos filed its Q3 10-Q. Financials look stable.
AI Summary
Century Casinos Inc. filed its 10-Q for the period ending September 30, 2024. The filing details the company's financial position, including retained earnings, common stock, and additional paid-in capital as of September 30, 2024, June 30, 2024, and December 31, 2023. Specific dollar amounts for these accounts are not provided in this header information.
Why It Matters
This 10-Q filing provides a snapshot of Century Casinos' financial health and equity structure as of the end of the third quarter of 2024, which is crucial for investors to assess the company's performance and stability.
Risk Assessment
Risk Level: low — This is a routine quarterly financial filing with no immediate red flags in the provided header information.
Key Numbers
- Q3 2024 — Quarterly Period (The filing covers the third quarter of 2024.)
Key Players & Entities
- CENTURY CASINOS INC /CO/ (company) — Filer
- 20240930 (date) — Reporting Period End Date
- 20241104 (date) — Filing Date
- 455 E. PIKES PEAK AVE (address) — Business and Mailing Address
- COLORADO SPRINGS (location) — City
FAQ
What is the reporting period for this 10-Q filing?
The Conformed Period of Report is 20240930, indicating the filing covers the period ending September 30, 2024.
When was this 10-Q filed with the SEC?
The filing date (FILED AS OF DATE) is 20241104.
What is the company's primary business address?
The company's business address is 455 E. PIKES PEAK AVE, SUITE 210, COLORADO SPRINGS, CO 80903.
What are some of the key financial components detailed in the filing?
The filing references components such as Retained Earnings, Parent, Noncontrolling Interest, Common Stock, Additional Paid In Capital, and Accumulated Other Comprehensive Income for various dates.
What is the Standard Industrial Classification (SIC) code for Century Casinos?
The SIC code listed is 7011, which corresponds to Hotels & Motels.
Filing Stats: 4,499 words · 18 min read · ~15 pages · Grade level 14.2 · Accepted 2024-11-01 17:42:55
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 Per Share Par Value CNTY Nasdaq Cap
Filing Documents
- cnty-20240930x10q.htm (10-Q) — 7799KB
- cnty-20240930xex10_1.htm (EX-10.1) — 28KB
- cnty-20240930xex10_2.htm (EX-10.2) — 21KB
- cnty-20240930xex10_3.htm (EX-10.3) — 285KB
- cnty-20240930xex10_4.htm (EX-10.4) — 285KB
- cnty-20240930xex10_5.htm (EX-10.5) — 229KB
- cnty-20240930xex10_6.htm (EX-10.6) — 229KB
- cnty-20240930xex10_7.htm (EX-10.7) — 84KB
- cnty-20240930xex10_8.htm (EX-10.8) — 83KB
- cnty-20240930xex31_1.htm (EX-31.1) — 16KB
- cnty-20240930xex31_2.htm (EX-31.2) — 11KB
- cnty-20240930xex31_3.htm (EX-31.3) — 11KB
- cnty-20240930xex32_1.htm (EX-32.1) — 8KB
- cnty-20240930xex32_2.htm (EX-32.2) — 8KB
- cnty-20240930xex32_3.htm (EX-32.3) — 8KB
- 0000911147-24-000059.txt ( ) — 25399KB
- cnty-20240930.xsd (EX-101.SCH) — 71KB
- cnty-20240930_cal.xml (EX-101.CAL) — 108KB
- cnty-20240930_def.xml (EX-101.DEF) — 313KB
- cnty-20240930_lab.xml (EX-101.LAB) — 547KB
- cnty-20240930_pre.xml (EX-101.PRE) — 543KB
- cnty-20240930x10q_htm.xml (XML) — 5976KB
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 33 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 52 Item 4.
Controls and Procedures
Controls and Procedures 52 Part II OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 52 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 52 Item 5. Other Information 52 Item 6. Exhibits 54
– FINANCIAL INFORMATION
PART I – FINANCIAL INFORMATION
. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)
Item 1 . CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) CENTURY CASINOS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) September 30, December 31, Amounts in thousands, except for share and per share information 2024 2023 ASSETS Current Assets: Cash and cash equivalents $ 118,770 $ 171,327 Receivables, net 15,697 18,253 Prepaid expenses 15,117 11,859 Inventories 4,010 4,652 Other current assets 1,423 926 Total Current Assets 155,017 207,017 Property and equipment, net 926,633 913,561 Leased right-of-use assets, net 31,152 25,973 Goodwill 80,659 80,583 Intangible assets, net 88,116 93,207 Deferred income taxes 18,655 37,646 Note receivable, net of current portion and unamortized discount 316 316 Deposits and other 2,107 1,359 Total Assets $ 1,302,655 $ 1,359,662 LIABILITIES AND EQUITY Current Liabilities: Current portion of long-term debt $ 4,989 $ 8,468 Current portion of operating lease liabilities 4,054 3,395 Current portion of finance lease liabilities 246 199 Accounts payable 17,232 15,279 Accrued liabilities 35,347 29,056 Accrued payroll 15,673 16,221 Taxes payable 9,284 21,001 Total Current Liabilities 86,825 93,619 Long-term debt, net of current portion and deferred financing costs (Note 5) 322,504 324,212 Long-term financing obligation to VICI Properties, Inc. subsidiaries (Note 6) 657,414 658,007 Operating lease liabilities, net of current portion 30,303 25,834 Finance lease liabilities, net of current portion 514 427 Taxes payable and other 53,013 41,758 Deferred income taxes 3,049 1,364 Total Liabilities 1,153,622 1,145,221 Commitments and Contingencies (Note 7) Equity: Preferred stock; $ 0.01 par value; 20,000,000 shares authorized; no shares issued or outstanding — — Common stock; $ 0.01 par value; 50,00