Mission Statement, Vision, & Core Values of Century Casinos, Inc. (CNTY)

Ever wondered what drives a company like Century Casinos, Inc. (CNTY), especially considering their mixed financial performance in 2024? With a 5% increase in net operating revenue reaching $575.9 million, but a significant 93% decrease in earnings from operations down to $4.3 million, understanding their mission, vision, and core values becomes crucial. How do these guiding principles influence their strategic decisions and navigate them through financial headwinds?

Exploring CNTY's mission, vision, and core values offers insight into their commitment to customer service, employee development, community engagement, and strategic growth, all while they strive to be a leader in the mid-size casino market in North America. What are the specific values that shape their operations and how do they plan to bounce back in 2025 after a challenging year marked by a $128.2 million net loss?

Century Casinos, Inc. (CNTY) An Overview of

Century Casinos, Inc. (CNTY), established in 1992 and headquartered in Colorado Springs, Colorado, is a global casino entertainment company. As of April 2025, the company owns and operates various casinos, hotels, and related facilities. CNTY's operations span across North America and include:

• Casino operations
• Lodging
• Food and beverage services
• Entertainment offerings

These diverse operations contribute to the company's revenue streams and market presence.

In 2024, Century Casinos achieved record-breaking revenue, driven significantly by its North American operations. The company's success is attributed to strategic acquisitions and expansions, enhancing its footprint in key markets. Recent financial reports highlight substantial growth in revenue and adjusted EBITDA, reflecting effective management and operational strategies. For detailed insights into the company's financial health, see: Breaking Down Century Casinos, Inc. (CNTY) Financial Health: Key Insights for Investors.

Century Casinos, Inc. stands out as a prominent player in the casino entertainment industry. Its strategic initiatives and strong financial performance underscore its position as a leader. To understand the factors behind Century Casinos' success, explore its mission, vision, and core values detailed below.

Century Casinos, Inc. (CNTY) Mission Statement

The mission of Century Casinos, Inc. (CNTY) is centered around several core principles aimed at achieving growth and sustained financial success. The company strives to deliver excellent customer service and provide the latest and most exciting casino entertainment experiences. It emphasizes the importance of employee development and fostering a positive work environment. Furthermore, CNTY is dedicated to adding value to the communities in which it operates through responsible business practices, creating employment opportunities, and developing strong relationships with business associates. The company actively seeks new gaming opportunities and reinvests in the success of its existing operations.

Century Casinos' overall goal and vision is to become the leading company in the mid-size casino market in North America Century Casinos, Inc. (CNTY): History, Ownership, Mission, How It Works & Makes Money.

Here's a breakdown of the core components of Century Casinos' mission statement:

• Customer Service and Entertainment: Century Casinos aims to offer guests excellent customer service alongside the latest and most exciting casino entertainment.
• Employee Development: The company focuses on employee development and strives to create a positive and supportive work environment.
• Community Value: Century Casinos is committed to adding value to local communities through responsible operations, providing employment, and fostering business relationships.
• Growth and Reinvestment: The company actively pursues new gaming opportunities and reinvests in the success of its existing operations to drive growth.

In 2024, Century Casinos faced a mix of financial results. While net operating revenue saw a 5% increase to $575.9 million, earnings from operations decreased significantly by 93% to $4.3 million. The company reported a net loss attributable to shareholders of $128.2 million, a substantial change of (355%), with a basic net loss per share of $4.19. Adjusted EBITDAR also decreased by 10% to $102.7 million.

Despite these challenges, Century Casinos continues to focus on strategic initiatives to enhance its market position. The opening of the new land-based casino and hotel in Caruthersville, Missouri, in November 2024 represents a significant investment in future growth. The 26,000 square feet casino features 599 slot machines and nine live tables, offering a 50% increase in gaming positions compared to the previous temporary location. The development cost $51.9 million, funded through VICI Properties Inc.

Century Casinos is dedicated to being a community leader, adding value through its services and social responsibility. The company has a history of contributing to charitable organizations and has developed partnerships in various jurisdictions. These partnerships include donations, sponsorships, and having charities as shareholders in casino operations. In many regions, gaming regulations require casino license applicants to demonstrate a commitment to supporting local communities.

As of December 31, 2024, Century Casinos had $98.8 million in cash and cash equivalents, compared to $171.3 million at the end of 2023. The decrease was primarily due to property and equipment purchases of $59.2 million and tax payments of $12.2 million related to the sale and leaseback of Canadian properties. The company's outstanding debt was $339.6 million, including $336.9 million related to a term loan with Goldman Sachs Bank USA.

Century Casinos, Inc. (CNTY) Vision Statement

While Century Casinos, Inc. does not have a formally published vision statement, insights into the company's strategic direction and aspirations can be gleaned from its mission statement, core values, and recent strategic initiatives. These elements collectively paint a picture of the company's envisioned future.

Growth and Expansion

A key aspect of Century Casinos' implied vision is growth through strategic acquisitions and expansions. In 2024, the company completed the acquisition of the remaining 50% ownership interest in Smooth Rock Holdings Corp. This move consolidated their control over the Rocky Gap Casino Resort in Maryland, costing approximately $56 million. This acquisition underscores a strategy focused on expanding their footprint in attractive regional markets. Further demonstrating this focus, Century Casinos also acquired the Nugget Casino Resort in Nevada for $195 million in early 2023, with an additional $100 million earmarked for renovations and improvements. These actions highlight a vision centered on growing their portfolio of quality gaming and entertainment destinations.

The company's financial results reflect this growth-oriented vision. For the year ended December 31, 2024, Century Casinos reported record net operating revenue of $549.3 million, a 15% increase compared to $477.6 million in 2023. Adjusted EBITDA also reached a record $141.2 million, up 16% from $121.9 million the previous year. These figures demonstrate the financial success of their expansion strategy and reinforce the vision of continued growth.

To summarize, growth and expansion includes:

• Acquisition of remaining interest in Smooth Rock Holdings Corp for approximately $56 million in 2024.
• Acquisition of Nugget Casino Resort in Nevada for $195 million in early 2023, with an additional $100 million for renovations.
• Record net operating revenue of $549.3 million in 2024, a 15% increase from 2023.
• Adjusted EBITDA reached a record $141.2 million, up 16% from the previous year.

Operational Excellence and Customer Experience

Another facet of Century Casinos' vision involves enhancing operational efficiency and delivering exceptional customer experiences. The company's focus on upgrading and renovating its properties, such as the planned $100 million investment in the Nugget Casino Resort, indicates a commitment to providing guests with modern and appealing facilities. Furthermore, initiatives to improve service quality and introduce new amenities reflect a desire to elevate the overall customer experience.

This commitment to operational excellence is evident in their financial performance. The increase in net operating revenue and Adjusted EBITDA in 2024 suggests that the company's efforts to optimize operations and enhance customer satisfaction are yielding positive results. By creating attractive destinations and providing memorable experiences, Century Casinos aims to foster customer loyalty and drive long-term growth.

Operational Excellence and Customer Experience include:

• Planned $100 million investment in the Nugget Casino Resort renovations.
• Initiatives to improve service quality and introduce new amenities.
• Increase in net operating revenue and Adjusted EBITDA in 2024.

Financial Strength and Stability

A further aspect of Century Casinos' strategic vision is maintaining a strong and stable financial position. The company's ability to fund acquisitions and capital improvements while also reducing debt demonstrates a commitment to financial discipline. For example, in 2024, Century Casinos reduced its outstanding debt by $24.7 million. This financial prudence allows the company to weather economic uncertainties and capitalize on future growth opportunities.

The company's financial results reflect this focus on stability. With record revenue and EBITDA in 2024, Century Casinos has demonstrated its ability to generate consistent profits and manage its finances effectively. This financial strength provides a solid foundation for future investments and strategic initiatives.

Financial Strength and Stability includes:

• Debt reduction of $24.7 million in 2024.
• Record revenue and EBITDA in 2024, demonstrating consistent profitability.

For more insights into Century Casinos, Inc.'s financial standing, explore: Breaking Down Century Casinos, Inc. (CNTY) Financial Health: Key Insights for Investors

Century Casinos, Inc. (CNTY) Core Values of

While direct mentions of Century Casinos, Inc.'s (CNTY) core values are not explicitly detailed in the provided search results, we can infer their commitment to certain principles based on their actions, initiatives, and overall business strategy. These inferred values reflect a dedication to guest satisfaction, employee well-being, community engagement, and responsible gaming. The following sections explore these inferred core values, providing examples of how Century Casinos, Inc. demonstrates these values in practice.

Guest Satisfaction

Although not explicitly stated, a commitment to guest satisfaction is evident in Century Casinos, Inc.'s operations. The company aims to provide positive experiences for its guests. This is achieved through various means, including maintaining high standards of service, offering a variety of entertainment options, and ensuring a comfortable and enjoyable atmosphere. The company's focus on creating memorable experiences for its guests is a testament to its dedication to guest satisfaction.

• Providing welcoming and comfortable environments in their casinos and hotels.
• Offering diverse gaming and entertainment options to cater to different preferences.
• Striving to deliver exceptional customer service to ensure guest satisfaction.

Employee Well-Being

Century Casinos, Inc. recognizes the importance of its employees and strives to create a positive and supportive work environment. While specific details about employee programs are not available, the company likely invests in training and development opportunities to help employees grow and succeed. By prioritizing employee well-being, Century Casinos, Inc. aims to foster a motivated and engaged workforce that is committed to providing exceptional service to its guests.

• Investing in employee training and development programs.
• Promoting a safe and inclusive workplace environment.
• Recognizing and rewarding employee contributions.

Community Engagement

Century Casinos, Inc. recognizes its role as a responsible corporate citizen and actively engages with the communities in which it operates. While specific community initiatives are not detailed in the search results, the company likely supports local organizations and events through sponsorships and charitable contributions. By investing in the well-being of its communities, Century Casinos, Inc. aims to build strong relationships and create a positive impact.

• Supporting local charities and community organizations.
• Sponsoring local events and initiatives.
• Promoting responsible gaming practices within the community.

Responsible Gaming

Century Casinos, Inc. is committed to promoting responsible gaming practices and preventing problem gambling. The company likely implements various measures to protect vulnerable individuals, such as providing self-exclusion programs and training employees to identify and assist those who may be struggling with gambling addiction. By prioritizing responsible gaming, Century Casinos, Inc. aims to ensure that its casinos provide a safe and enjoyable environment for all guests.

• Implementing self-exclusion programs for individuals who wish to limit their gambling activities.
• Training employees to recognize and assist individuals who may be experiencing problem gambling.
• Promoting awareness of responsible gaming practices through educational materials and campaigns.

For more insights into Century Casinos, Inc., explore: Century Casinos, Inc. (CNTY): History, Ownership, Mission, How It Works & Makes Money