Century Casinos reported higher revenue and adjusted EBITDAR for the second quarter of 2026, supported by improved performance from its North American casino operations. The company announced on August 7, 2026 that net operating revenue reached $152 million for the quarter, while adjusted EBITDAR increased 5% year over year to $31.7 million.

The results showed stronger performance from Century’s U.S. Midwest and U.S. West operations, including the Nugget Casino Resort in Sparks, Nevada. However, weaker results from the company’s Poland operations continued to offset some gains.

Key Facts

Category	Details
Company	Century Casinos, Inc.
Reporting period	Three months ended June 30, 2026
Announcement date	August 7, 2026
Net operating revenue	$152.0 million
Revenue change	+1% year over year
Adjusted EBITDAR	$31.7 million
Adjusted EBITDAR change	+5% year over year
Main growth driver	North American operations

North American Operations Drive Improvement

Century Casinos said its North American portfolio was the main contributor to second-quarter improvement.

The company’s U.S. West segment recorded revenue of $23.4 million, representing a 16% increase compared with the same period in 2025. Adjusted EBITDAR for the segment increased 93% to $4.5 million.

The company highlighted the performance of the Nugget Casino Resort in Sparks, Nevada, as an important contributor to the segment’s improvement. Century’s executives said the property continued to deliver stronger operating results during 2026.

The U.S. Midwest segment also showed growth, generating $44.7 million in revenue during the quarter, up 8% year over year.

Poland Operations Continue to Affect Results

While North American properties improved, Century Casinos faced weaker performance from its Poland operations.

Revenue from Poland declined 19% year over year to $19.9 million during the second quarter. The company attributed the weaker results partly to lower table hold during June 2026.

Century executives said they had seen some early signs of improvement in Poland but noted that the market remained a challenge for the company.

Financial Position and Adjusted EBITDAR

Century Casinos ended the second quarter with $60.2 million in cash and cash equivalents.

The company reported outstanding debt of $336.5 million as of June 30, 2026.

Adjusted EBITDAR, a non-U.S. GAAP financial measure used by Century to evaluate operating performance, increased from $30.3 million in Q2 2025 to $31.7 million in Q2 2026.

Impact on the Casino Industry

Century Casinos’ results highlight the continued importance of regional casino performance in determining operator earnings.

For operators with multi-market portfolios, results can vary significantly depending on local economic conditions, property performance, and market-specific factors.

The company’s second-quarter results show stronger momentum in parts of North America, while international operations remain an area requiring improvement.

What Happens Next

Century Casinos is expected to continue focusing on improving operational performance across its portfolio, particularly in markets where results have been weaker.

The company hosted its second-quarter 2026 earnings conference call on August 7, 2026, alongside the release of its financial materials.

Future results will provide further insight into whether improvements in North America can continue and whether Poland operations recover. Century is also conducting a strategic review that may include asset divestments, strategic partnerships, changes to its capital structure or a sale of the company. Its Q2 disclosures also reference a potential sale of its Poland operations, although Century says no transaction or other strategic change has been decided.

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