Vanguard Discloses 6.1% Stake in Century Casinos (CNTY)

TL;DR

**Vanguard just revealed a 6.1% stake in Century Casinos, a bullish sign for the stock.**

AI Summary

The Vanguard Group, a major investment management company, reported on February 13, 2024, that it holds a significant stake in Century Casinos Inc. As of December 29, 2023, Vanguard beneficially owned 2,058,409 shares of Century Casinos' Common Stock, representing 6.1% of the company. This matters to investors because it signals that a large, reputable institutional investor sees value in Century Casinos, potentially indicating a stable long-term outlook for the stock.

Why It Matters

This filing shows that a major institutional investor, Vanguard, has a substantial holding in Century Casinos, which can be seen as a vote of confidence in the company's future.

Risk Assessment

Risk Level: low — The filing indicates a stable, passive investment by a large institution, which generally reduces rather than increases risk for other shareholders.

Analyst Insight

A smart investor would view Vanguard's 6.1% stake as a positive signal, suggesting potential long-term value in Century Casinos, and might consider further research into the company's fundamentals.

Key Numbers

• 2,058,409 — Shares Beneficially Owned (Represents Vanguard's total holding in Century Casinos Inc.)
• 6.1% — Percentage of Class (Indicates Vanguard's significant ownership stake in Century Casinos Inc.)

Key Players & Entities

• The Vanguard Group (company) — reporting person, institutional investor
• Century Casinos Inc (company) — subject company, issuer of securities
• 2,058,409 (dollar_amount) — number of shares beneficially owned by Vanguard
• 6.1% (dollar_amount) — percentage of class beneficially owned by Vanguard
• December 29, 2023 (person) — date of event requiring the filing
• February 13, 2024 (person) — filing date

Forward-Looking Statements

• Century Casinos Inc. stock may experience increased stability due to institutional ownership. (Century Casinos Inc.) — medium confidence, target: Next 6-12 months
• Other institutional investors might increase their positions in Century Casinos Inc. following Vanguard's disclosure. (Century Casinos Inc.) — low confidence, target: Next 3-6 months

FAQ

Filing Documents

• tv0571-centurycasinosinc.htm (SC 13G) — 11KB
• 0001104659-24-020568.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Century Casinos Inc

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 455 East Pikes Peak Avenue, Suite 210 Colorado Springs, CO 80903

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 156492100

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G filing on SEC EDGAR