Century Casinos announces fourth quarter 2015 results

2015 Highlights:

• Net operating revenue was $134.4 million, a 12% increase from the year ended December 31, 2014.
• Adjusted EBITDA was $23.5 million, an 83% increase from the year ended December 31, 2014.
• Net earnings attributable to Century Casinos, Inc. shareholders were $11.9 million, an 867% increase from the year ended December 31, 2014.
• Earnings per share were $0.49.
• Book value per share at December 31, 2015 was $5.01.

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Our balance sheet is in great shape, as net debt decreased from $13.2 million at the end of 2014 to $7.2 million at the end of 2015,Erwin Haitzmann and Peter Hoetzinger, Co Chief Executive Officers of Century Casinos, said.

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Fourth quarter 2015 highlights

• Net operating revenue was $32.6 million, a 4% increase from the three months ended December 31, 2014.
• Adjusted EBITDA was $5.2 million, a 31% increase from the three months ended December 31, 2014.
• Net earnings attributable to Century Casinos, Inc. shareholders were $0.7 million, a 421% increase from the three months ended December 31, 2014.
• Earnings per share were $0.03.

"Our company had an exceptional 2015, as all of our properties increased both net operating revenue and Adjusted EBITDA year-over-year, in local currency. Casinos Poland more than doubled its Adjusted EBITDA and grew its Adjusted EBITDA margin from 7.3 percent to 13.5 percent. Century Downs and Century Bets successfully opened for business in the second quarter and have contributed significantly to our top and bottom lines every quarter since," Erwin Haitzmann and Peter Hoetzinger, Co Chief Executive Officers of Century Casinos, said. "Our balance sheet is in great shape, as net debt decreased from $13.2 million at the end of 2014 to $7.2 million at the end of 2015," they remarked.