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Century Casinos, Inc. Announces Second Quarter 2012 Results (with document) - Seite 2
and Peter Hoetzinger, Co Chief Executive Officers of Century Casinos.
Three and Six Months Ended June 30, 2012 Results*
Net operating revenue decreased by $0.2 million, or 1%, and increased $0.2
million, or 1%, for the three and six months ended June 30, 2012 compared to
the three and six months ended June 30, 2011, respectively. Following is a
summary of the changes in net operating revenue by property or category for the
three and six months ended June 30, 2012 compared to the three and six months
ended June 30, 2011:
| |Net Operating Revenue |
| |For the Three |For the Six Months |
| |Months |Ended June 30, |
| |Ended June 30, | |
| |2012 |vs. 2011 |2012 |vs. 2011 |
|Amounts in millions |Change |% Change |Change |% Change |
|Century Casino & Hotel, Edmonton |($0.2) |(3%) |$0.0 |0% |
|Century Casino, Calgary |(0.1) |(3%) |(0.1) |(1%) |
|Century Casino & Hotel, Central City |0.1 |1% |0.2 |2% |
|Century Casino & Hotel, Cripple Creek|(0.1) |(2%) |(0.0) |0% |
|Cruise Ships & Other |0.0 |2% |0.1 |4% |
|Total |($0.2) |(1%) |$0.2 |1% |
Earnings from operations increased by a total of $0.7 million, or 74%, and $1.5
million, or 89%, for the three and six months ended June 30, 2012 compared to
the three and six months ended June 30, 2011, respectively. Following is a
summary of the change in earnings from operations by property or category for
the three and six months ended June 30, 2012 compared to the three and six
months ended June 30, 2011:
| |Earnings from Operations |
| |For the Three |For the Six Months |
| |Months |Ended June 30, |
| |Ended June 30, | |
| |2012 |vs. 2011 |2012 |vs. 2011 |
|Amounts in millions |Change |% Change |Change |% Change |
|Century Casino & Hotel, Edmonton |($0.1) |(3%) |$0.1 |3% |
|Century Casino, Calgary |(0.1) |(142%) |0.0 |21% |
|Century Casino & Hotel, Central City |0.4 |134% |0.7 |118% |
|Century Casino & Hotel, Cripple Creek|0.1 |12% |0.1 |7% |
|Cruise Ships & Other |(0.1) |(35%) |(0.1) |(13%) |
|Corporate Other |0.5 |33% |0.7 |24% |
|Total |$0.7 |74% |$1.5 |89% |
Net earnings increased by $0.5 million, or 78%, and $1.3 million, or 126%, for
the three and six months ended June 30, 2012 compared to the three and six
months ended June 30, 2011, respectively. Following is a summary of the changes
in net earnings by property or category for the three and six months ended June
30, 2012 compared to the three and six months ended June 30, 2011:
| |Net Earnings |
| |For the Three |For the Six Months |
| |Months |Ended June 30, |
| |Ended June 30, | |
| |2012 |vs. 2011 |2012 |vs. 2011 |
million, or 89%, for the three and six months ended June 30, 2012 compared to
the three and six months ended June 30, 2011, respectively. Following is a
summary of the change in earnings from operations by property or category for
the three and six months ended June 30, 2012 compared to the three and six
months ended June 30, 2011:
| |Earnings from Operations |
| |For the Three |For the Six Months |
| |Months |Ended June 30, |
| |Ended June 30, | |
| |2012 |vs. 2011 |2012 |vs. 2011 |
|Amounts in millions |Change |% Change |Change |% Change |
|Century Casino & Hotel, Edmonton |($0.1) |(3%) |$0.1 |3% |
|Century Casino, Calgary |(0.1) |(142%) |0.0 |21% |
|Century Casino & Hotel, Central City |0.4 |134% |0.7 |118% |
|Century Casino & Hotel, Cripple Creek|0.1 |12% |0.1 |7% |
|Cruise Ships & Other |(0.1) |(35%) |(0.1) |(13%) |
|Corporate Other |0.5 |33% |0.7 |24% |
|Total |$0.7 |74% |$1.5 |89% |
Net earnings increased by $0.5 million, or 78%, and $1.3 million, or 126%, for
the three and six months ended June 30, 2012 compared to the three and six
months ended June 30, 2011, respectively. Following is a summary of the changes
in net earnings by property or category for the three and six months ended June
30, 2012 compared to the three and six months ended June 30, 2011:
| |Net Earnings |
| |For the Three |For the Six Months |
| |Months |Ended June 30, |
| |Ended June 30, | |
| |2012 |vs. 2011 |2012 |vs. 2011 |
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