Century Casinos Inc has announced that their new racetrack and casino in Canada helped increase the company’s second quarter earnings. The Century Downs Racetrack & Casino is located in Calgary; however, Century Casinos is a Colorado Springs gaming company. On Friday they reported their April to June earnings are up 42 times based on statistics from a year ago. This year they have made $6.6 million or 27 cents per share versus the $156,000 or 1 cent a share of 2014. Revenue also rose by 20% to $37.9 million.

Century has a 70% stake in Century Downs Racetrack and Casino. It was opened last April. It also opened Century Bets Inc in May. The company was given $4 million to stop a casino agreement it had with Norwegian Cruise Line, where they are stopping casino action on eight casinos. Century will still provide consulting services to the cruise ships under the two year agreement.

Erwin Haitzmann and Peter Hoetzinger, co-CEO’s of Century Casinos, are both happy to see the second quarter results, which are very positive for growth and success.

Leave a Reply

Your email address will not be published.