EANS-Adhoc

Century Casinos, Inc. Announces Second Quarter 2012 Results (with document)

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Company Information

08.08.2012

Century Casinos, Inc. Announces Second Quarter 2012 Results

Colorado Springs, Colorado - August 8, 2012 - Century Casinos,
Inc. (NASDAQ Capital Market® and Vienna Stock Exchange: CNTY) today
announced its financial results for the three and six months ended
June 30, 2012.

Second Quarter 2012 Highlights*

- Adjusted EBITDA** was $2.9 million, a 5% increase from the three
months ended June 30, 2011.

- Net earnings were $1.2 million, a 78% increase from the three months
ended June 30, 2011.

- Earnings per share were $0.05, a $0.02 per share increase from the
three months ended June 30, 2011.

|  |For the Three Months |For the Six Months |
|Amounts in thousands, |Ended June 30, |Ended June 30, |
|except share and per | | |
|share data | | |
|Consolidated Results: |2012 |2011 |%Ch|2012 |2011 |%Ch |
| | | | | | | |
|Net operating revenue |$17,791 |$18,002 |-1%|$35,360 |$35,117 |1% |
|Earnings from |1,695 |977 |74%|3,267 |1,733 |89% |
|operations | | | | | | |
|Net earnings |1,148 |644 |78%|2,281 |1,008 |126%|
|  | | | | | | |
|Adjusted EBITDA** |$2,886 |$2,760 |5% |$5,645 |$5,284 |7% |
| | | | | | | |
|Earnings per share: | | | | | | |
|Basic |$0.05 |$0.03 |67%|$0.10 |$0.04 |150%|
|Diluted |$0.05 |$0.03 |67%|$0.09 |$0.04 |125%|
|Weighted-average common| | | | | | |
|shares: | | | | | | |
|Basic |23,890,405|23,717,165| |23,883,919|23,714,215|  |
|Dilutive |24,060,322|24,026,095|  |24,054,904|24,015,947| |

"We posted solid results in the second quarter, but the Waldo Canyon wildfires
had a significant negative impact on our operations in Cripple Creek, Colorado.
During the more than 15 days it took to contain the wildfires, more than 35,000
people in Colorado Springs, the metropolitan population which the casino
primarily serves, had to be evacuated, and the main highway to the casino was
closed for a total of eight days. Still, we managed to increase earnings from
operations by 74% and net earnings by 78% compared to the same period in 2011.
The continued growth in our earnings per share, together with the new CAD 28
million credit agreement with the Bank of Montreal, give us support to actively
pursue domestic and international casino opportunities." said Erwin Haitzmann