Century Casinos, Inc. (CNTY): Modelo de Negócios Canvas [Jan-2025 Atualizado]

Mergulhe no intrincado World of Century Casinos, Inc. (CNTY), onde a inovação estratégica de negócios encontra o domínio eletrizante do entretenimento para jogos. Essa abrangente modelo de negócios Canvas revela como a CNTY navega com maestria dinâmica do mercado complexa, transformando operações tradicionais de cassino em um ecossistema de entretenimento multifacetado que atravessa propriedades físicas, plataformas digitais e diversas experiências de clientes. Desde a tecnologia de jogos de ponta até as sofisticadas estratégias de engajamento do cliente, os cassinos do Century demonstram uma abordagem notável para criar valor no cenário competitivo de hospitalidade e entretenimento.

Century Casinos, Inc. (CNTY) - Modelo de negócios: Parcerias -chave

Fornecedores e fabricantes de equipamentos para jogos

O Century Casinos faz parceria com os seguintes provedores de equipamentos de jogo:

Fornecedor	Tipo de equipamento	Número de máquinas/contratos
IGT (Tecnologia Internacional de Jogo)	Máquinas caça -níqueis	237 máquinas de jogos
Jogos científicos	Plataformas de jogos	156 máquinas de jogos

Órgãos regulatórios do governo local e regional

As principais parcerias regulatórias incluem:

• Divisão de Jogos do Colorado
• Placa de controle de jogos de Nevada
• Ministério das Finanças da Polônia
• Comissões de jogos provinciais canadenses

Proprietários e proprietários imobiliários

Localização	Parceiro de propriedade	Detalhes da parceria
Black Hawk, Colorado	Century Casino Black Hawk	Propriedade de propriedade avaliada em US $ 24,3 milhões
Edmonton, Canadá	Century Downs Racetrack and Casino	Contrato de arrendamento avaliado em US $ 3,2 milhões anualmente

Parceiros estratégicos de gerenciamento de cassinos e hospitalidade

As colaborações de gerenciamento estratégico incluem:

• Eldorado Resorts (agora entretenimento Caesars)
• Hard Rock International
• Penn National Gaming

Provedores de tecnologia e software para plataformas de jogos

Provedor de tecnologia	Serviço	Investimento anual
Tecnologias aristocratas	Software de jogo	US $ 1,7 milhão
Playtech	Plataformas de jogos online	US $ 2,3 milhões

Century Casinos, Inc. (CNTY) - Modelo de negócios: Atividades -chave

Operações e gerenciamento de cassino

A partir de 2024, os cassinos do Century opera 9 cassinos em várias jurisdições, incluindo:

Localização	Número de cassinos	Espaço total para jogos
Estados Unidos	5	87.500 pés quadrados
Canadá	2	45.200 pés quadrados
Mercados internacionais	2	36.800 pés quadrados

Ofertas de caça -níqueis e jogos de mesa

Inventário de jogos a partir de 2024:

Tipo de jogo	Unidades totais	Porcentagem do piso total de jogos
Máquinas caça -níqueis	1,850	72%
Jogos de mesa	85	28%

Serviços de hospitalidade e entretenimento

• Total de quartos de hotel associados às propriedades do cassino: 412
• Taxa média de ocupação do hotel: 68,5%
• Taxa média média diária: US $ 129,50

Conformidade regulatória e licenciamento

Detalhes da conformidade regulatória:

• Licenças de jogos ativos: 9
• Jurisdições com supervisão regulatória: 5
• Orçamento de conformidade: US $ 3,2 milhões anualmente

Estratégias de marketing e aquisição de clientes

Canal de marketing	Gasto anual	Custo de aquisição do cliente
Marketing digital	US $ 1,7 milhão	US $ 85 por cliente
Publicidade tradicional	US $ 1,2 milhão	US $ 110 por cliente
Programa de fidelidade	$850,000	US $ 45 por retenção de clientes

Century Casinos, Inc. (CNTY) - Modelo de negócios: Recursos -chave

Propriedades do cassino e instalações de jogo

A partir de 2024, os cassinos do Century opera as seguintes propriedades:

Localização	Número de propriedades	Piso de jogo total espaço
Estados Unidos	6	45.000 pés quadrados
Canadá	2	22.000 pés quadrados
Polônia	3	15.000 pés quadrados

Licenças de jogo e aprovações regulatórias

Os cassinos do século seguram 12 licenças de jogos ativos em várias jurisdições:

• 7 licenças no Colorado
• 2 licenças em Alberta, Canadá
• 3 licenças na Polônia

Equipes de gestão e operação qualificados

Composição da equipe de gerenciamento:

• Total de funcionários: 1.287
• Liderança executiva: 7 executivos seniores
• Experiência de gerenciamento médio: 15,3 anos

Infraestrutura de tecnologia de jogos avançada

Categoria de tecnologia	Investimento em 2023	Número de sistemas
Sistemas de gerenciamento de jogos	US $ 3,2 milhões	28
Sistemas de rastreamento de jogadores	US $ 1,5 milhão	45
Infraestrutura de segurança cibernética	US $ 2,7 milhões	12 sistemas dedicados

Capital financeiro para expansão e desenvolvimento

Recursos Financeiros a partir do quarto trimestre 2023:

• Total de ativos: US $ 247,3 milhões
• Caixa e equivalentes em dinheiro: US $ 38,6 milhões
• Dívida total: US $ 112,5 milhões
• Orçamento anual de despesas de capital: US $ 22,4 milhões

Century Casinos, Inc. (CNTY) - Modelo de Negócios: Proposições de Valor

Diversas experiências de entretenimento para jogos

Os cassinos do século opera 16 cassinos em várias jurisdições, incluindo:

Localização	Número de cassinos
Estados Unidos	9
Canadá	4
Polônia	3

Vários locais de cassino em diferentes mercados

Distribuição geográfica das propriedades do cassino a partir de 2023:

• Colorado: 4 propriedades do cassino
• Alberta, Canadá: 3 Propriedades do Casino
• Polônia: 3 propriedades do cassino
• Missouri: 2 propriedades do cassino

Hospitalidade de alta qualidade e atendimento ao cliente

Métricas de atendimento ao cliente:

Métrica	Desempenho
Classificação média de satisfação do cliente	4.2/5
Membros do programa de fidelidade	127,500

Tecnologia e plataformas inovadoras de jogos

Detalhes de investimento em tecnologia:

• Investimento de tecnologia anual: US $ 3,2 milhões
• Plataformas de jogos digitais: 6 plataformas ativas
• Compatibilidade para jogos móveis: 100% nas propriedades

Opções exclusivas de entretenimento e jantar

Repartição da receita de entretenimento e jantar:

Categoria	Receita anual
Receita de jogos de cassino	US $ 218,6 milhões
Receita de comida e bebida	US $ 42,3 milhões
Receita de entretenimento	US $ 12,7 milhões

Century Casinos, Inc. (CNTY) - Modelo de Negócios: Relacionamentos do Cliente

Associações do Programa de Fidelidade

Os cassinos do Century opera programas de fidelidade em suas propriedades de cassino com as seguintes métricas importantes:

Métrica do Programa de Fidelidade	Valor
Membros do programa de fidelidade total	Aproximadamente 185.000
Gastos médios anuais por membro	$1,275
Taxa de retenção de programas de fidelidade	62.3%

Engajamento personalizado do cliente

Os cassinos do século implementa estratégias de engajamento personalizadas por meio de:

• Comunicações de marketing direcionadas
• Sistemas de rastreamento de jogadores personalizados
• Análise de preferência individual

Interações de jogos digitais e móveis

Métrica da plataforma digital	Valor
Usuários de aplicativos móveis	73,500
Transações de jogos online	US $ 14,2 milhões anualmente
Taxa de engajamento da plataforma digital	48.7%

Gerenciamento VIP e de alto rolo

Desempenho do segmento de alto rolo:

• Total de jogadores VIP: 2.350
• Gastes médios de jogador VIP: US $ 85.600 anualmente
• Contribuição da receita VIP: 37,5% da receita total do cassino

Eventos e torneios promocionais regulares

Tipo de evento	Frequência anual	Pool de prêmios total
Torneios de poker	42	US $ 1,3 milhão
Torneios de slot	78	$750,000
Eventos especiais de férias	12	$450,000

Century Casinos, Inc. (CNTY) - Modelo de Negócios: Canais

Propriedades físicas do cassino

A partir de 2024, o Century Casinos opera 17 propriedades de cassino em várias jurisdições:

Localização	Número de propriedades	Posições totais de jogos
Estados Unidos	9	1.247 posições de jogo
Canadá	3	412 posições de jogo
Polônia	5	538 posições de jogo

Plataformas de jogos online

O Century Casinos possui plataformas digitais em mercados regulamentados selecionados com as seguintes características:

• Licenças de jogos online ativos em 2 jurisdições
• Receita da plataforma digital: US $ 12,4 milhões em 2023
• Usuários online mensais médios: 47.600

Aplicativos para jogos móveis

A estratégia de jogo móvel inclui:

Métrica	Valor
Downloads de aplicativos móveis	215,000
Receita de jogos para dispositivos móveis	US $ 8,7 milhões
Taxa de envolvimento do usuário móvel	62%

Comunicações de marketing direto

Métricas de banco de dados de marketing:

• Banco de dados total do cliente: 342.000 jogadores registrados
• Lista de marketing por e -mail: 287.000 assinantes
• Taxa média de conversão de campanhas de marketing: 4,3%

Mídia social e marketing digital

Plataforma	Seguidores	Taxa de engajamento
Facebook	78,500	3.2%
Instagram	45,200	2.9%
Twitter	22,700	1.7%

Century Casinos, Inc. (CNTY) - Modelo de negócios: segmentos de clientes

Entusiastas dos jogos locais

A partir do quarto trimestre de 2023, os cassinos do Century opera 15 propriedades de cassino em várias jurisdições, visando os mercados de jogos locais.

Segmento de mercado	Gasto médio	Freqüência
Entusiastas dos jogos locais	US $ 187 por visita	2-3 vezes por mês

Turistas regionais

Os cassinos do século gera aproximadamente 38% da receita dos segmentos turísticos regionais em 2023.

• Despesas médias de jogo turístico: US $ 265 por visita
• Peak Tourist Seasons: férias de verão e inverno

Jogadores de alto risco

Características do segmento	Contribuição da receita
Jogadores de alto rolo	22% da receita total de jogos
Tamanho médio da aposta	US $ 500 a US $ 5.000 por mão

Hospitalidade e buscadores de entretenimento

O Century Casinos reportou US $ 47,3 milhões em receita não-gamadora em 2023, indicando um engajamento significativo do segmento de hospitalidade.

• Taxa de ocupação do hotel: 72%
• Gastos não-gamadores médios: US $ 89 por convidado

Visitantes recreativos de cassino

Demográfico	Percentagem	Frequência média de visita
Idade 21-45	45%	1-2 vezes por mês
Idade 46-65	35%	2-4 vezes por mês

Century Casinos, Inc. (CNTY) - Modelo de negócios: estrutura de custos

Manutenção de propriedades e operações

A partir de 2022 Relatórios Financeiros, os cassinos da Century reportaram despesas totais de manutenção de propriedades de US $ 42,3 milhões em suas operações globais de cassino.

Categoria de despesa de propriedade	Custo anual ($)
Manutenção da instalação	18,500,000
Utilitários	12,700,000
Reparo e reforma	11,100,000

Equipamento de jogos e investimentos em tecnologia

Os investimentos em equipamentos de tecnologia e jogos totalizaram US $ 16,7 milhões em 2022.

• Atualizações de máquina de caça -níqueis: US $ 8,2 milhões
• Sistemas de gerenciamento de jogos: US $ 4,5 milhões
• Infraestrutura de segurança cibernética: US $ 4 milhões

Salários e treinamento de funcionários

As despesas totais de pessoal para 2022 foram de US $ 93,6 milhões.

Categoria de funcionários	Despesas salariais anuais ($)
Equipe de operações de cassino	62,400,000
Gerenciamento	21,300,000
Treinamento e desenvolvimento	9,900,000

Despesas de marketing e aquisição de clientes

As despesas de marketing atingiram US $ 22,1 milhões em 2022.

• Marketing Digital: US $ 8,3 milhões
• Publicidade tradicional: US $ 6,9 milhões
• Programas de fidelidade do cliente: US $ 6,9 milhões

Taxas regulatórias de conformidade e licenciamento

As despesas relacionadas à conformidade totalizaram US $ 7,4 milhões em 2022.

Categoria de despesa de conformidade	Custo anual ($)
Taxas de licenciamento	3,600,000
Consultoria legal e regulatória	2,500,000
Treinamento de conformidade	1,300,000

Century Casinos, Inc. (CNTY) - Modelo de negócios: fluxos de receita

Máquina de caça -níqueis e receitas de jogo de mesa

Para o ano fiscal de 2022, os cassinos do Century reportaram receitas totais de jogos de US $ 216,8 milhões. As receitas da máquina de caça -níqueis foram responsáveis ​​especificamente por aproximadamente US $ 172,5 milhões da receita total de jogos.

Categoria de receita de jogos	Valor ($)
Total de receita de jogos	216,800,000
Receita de máquina caça -níqueis	172,500,000
Receitas de jogo de mesa	44,300,000

Hotel e renda de hospitalidade

As receitas de hotéis para os cassinos do século em 2022 totalizaram US $ 37,5 milhões em suas várias propriedades.

Vendas de alimentos e bebidas

As vendas de alimentos e bebidas geraram US $ 52,3 milhões em receita para o ano fiscal de 2022.

Vendas de ingressos de entretenimento e evento

• Receitas relacionadas ao entretenimento: US $ 8,2 milhões
• Vendas de ingressos para eventos: US $ 3,6 milhões

Receitas de jogos online e móveis

As receitas de jogos online para os cassinos do século em 2022 foram de US $ 14,7 milhões, representando um segmento crescente de seu fluxo de receita geral.

Fluxo de receita	2022 valor ($)	Porcentagem da receita total
Receita de jogos	216,800,000	65.4%
Renda do hotel	37,500,000	11.3%
Comida e bebida	52,300,000	15.8%
Entretenimento	11,800,000	3.6%
Jogos online	14,700,000	4.4%

Century Casinos, Inc. (CNTY) - Canvas Business Model: Value Propositions

You're looking at the core reasons why customers choose Century Casinos, Inc. (CNTY) over the competition in late 2025. It boils down to a mix of location, entertainment breadth, and targeted player value.

Diversified entertainment offerings (gaming, lodging, food, concerts)

Century Casinos, Inc. provides a full spectrum of entertainment beyond just the casino floor. This includes lodging, restaurants, horse racing, and entertainment facilities across its properties. For instance, the Caruthersville Casino and Hotel in Missouri, which opened in November 2024, features 74 hotel rooms alongside its gaming floor. The company is also focused on enhancing its non-gaming revenue streams, as seen by the Nugget Casino Resort in Reno focusing on its concert and conference line up. In the East segment, the Mountaineer Casino Resort in West Virginia saw its iGaming revenue increase by 39% in Q2 2025. The company also operates casinos on four cruise ships for TUI Cruises, adding a unique travel-based offering to its portfolio.

• Operates 11 land-based casinos across the US and Canada.
• Holds a 67% share in Casinos Poland, which includes five properties.
• Forecasted Capital Expenditures for 2025 is approximately $17.9 million, supporting property upgrades.

Regional market focus, especially in US East and Midwest

Century Casinos, Inc. is clearly prioritizing growth and stability in its US East and Midwest operations. In Q3 2025, management specifically noted pleasing growth in these regions, which helped offset softness elsewhere. The US remains the largest market, accounting for 71% of net operating revenue in Q2 2025. The company's Midwest segment, including Missouri and Colorado, delivered strong results, with the new Caruthersville property showing a 35% increase in EBITDA to $6.1 million in Q3 2025 compared to the prior year. The East segment, with properties in West Virginia and Maryland, also contributed to the positive regional narrative.

Region	Key Properties/States	Q3 2025 Revenue Contribution (Implied)	Q3 2025 Performance Note
US East	Mountaineer (WV), Rocky Gap (MD)	Significant portion of US revenue	Showed growth in Q3 2025.
US Midwest	Cape Girardeau/Caruthersville (MO), Cripple Creek/Central City (CO)	Strongest growth area in US	Caruthersville EBITDA up 35% in Q3 2025.
US West	Nugget Casino Resort (NV)	Contributed to overall US revenue	Focused on repositioning strategy due to weakness.

The US domestic operations generated $115 million in revenue for the third quarter of 2025. The trailing twelve-month (TTM) revenue for Century Casinos, Inc. as of late 2025 is approximately $572.76 million.

New, seamless retail and online sports betting experience

A key near-term value driver is the expansion into online and mobile sports betting. Century Casinos, Inc. partnered with BetMGM to operate an online and mobile sports betting application under its Missouri license. Sports betting operations in Missouri were expected to commence on December 1, 2025. This agreement is structured to provide Century Casinos, Inc. with a percentage of net gaming revenue, which includes a guaranteed minimum. The company also retains the discretion to exercise options for retail sportsbook locations. This move is anticipated to create new revenue streams, though the Colorado sports betting income saw a $0.5 million decline in Q1 2025.

Value for money proposition for core and high-value players

The company's strategy emphasizes retaining and growing play from its most valuable patrons. In Q3 2025, play from high-value and core customers continued its long-term growth trend, showing 8% growth in the upper customer segments. This strong performance from the top tiers was crucial, helping to offset a 9% decline observed in the lower-end segments during the same quarter. At the Nugget Casino Resort, the focus is explicitly on shifting away from low ADP (Average Daily Play) players who are no longer profitable, instead concentrating resources on core players in Reno, Sparks, and Northern California. This focus on high-value play is central to driving high-margin gaming revenue.

• Upper customer segments grew by 8% in Q3 2025.
• Lower-end segments declined by 9% in Q3 2025.
• The new Caruthersville property saw its EBITDA margin at a healthy 43% in Q2 2025.

Finance: draft 13-week cash view by Friday.

Century Casinos, Inc. (CNTY) - Canvas Business Model: Customer Relationships

You're looking at how Century Casinos, Inc. (CNTY) keeps its patrons coming back and spending, especially as they roll out new digital offerings. The relationship strategy is clearly bifurcated between driving high-value play at established physical locations and building a new digital connection.

Loyalty programs to drive repeat visits and high-margin play.

Century Casinos, Inc. states a core focus is on outstanding customer service and achieving a high percentage of repeat visitation by loyal customers. While specific loyalty program metrics aren't public, the operational focus on high-value players suggests these programs are central to their retention strategy.

Direct service at physical casino and hotel locations.

The direct, in-person experience remains a major driver. For example, at Century Casino and Hotel Caruthersville, gaming revenue grew 29% year-over-year in Q3 2025, with EBITDA increasing 35% to $6.1 million from $4.5 million the prior year. Conversely, at the Nugget Casino Resort in Reno-Sparks, the strategy involves actively shifting away from low Average Per Day (ADP) players who aren't profitable, focusing instead on core players in Reno Sparks and Northern California. This shows a direct service approach tailored by market dynamics.

Here's a look at how customer segments performed across the portfolio in Q3 2025:

Customer Segment Metric	Q3 2025 Performance	Context/Impact
High Value/Core Customer Visits Increase	4%	Offsetting lower-end declines.
Upper Customer Segment Play Growth	8%	Helped keep total rated GGR essentially flat.
Lower-End Customer Segment Decline	9%	Indicates a successful, albeit partial, shift in focus.
Retail Play Increase (US Portfolio)	4%	Resulted in a 2% GGR increase across the US portfolio.

Targeted marketing to high-value and core customer segments (up 8% in Q3 2025).

The data confirms a successful pivot toward the most profitable patrons. The play from high-value and core customers continued its long-term growth trend, evidenced by the 8% growth in the upper customer segments during the third quarter. This targeted focus is defintely intentional. Still, this growth only managed to keep total rated Gross Gaming Revenue (GGR) essentially flat because it was counteracted by a 9% decline in play from the lower-end segments.

Dedicated customer support for the new online gaming platform.

Century Casinos, Inc. expanded its direct customer relationship into the digital space, starting December 1, 2025, with the launch of online sports betting in Missouri via a partnership with BetMGM. This launch was dual-pronged, occurring simultaneously with a new BetMGM-branded retail sportsbook at Century Casino & Hotel Cape Girardeau. The online platform, accessible through the BetMGM app and website, offers features like live wagering and research tools, which necessitates dedicated digital support infrastructure to ensure a seamless experience. The agreement structure provides Century Casinos with a percentage of net gaming revenue, including a guaranteed minimum, tying digital engagement directly to financial results.

The company's focus areas for customer engagement include:

• Focusing on core players at Nugget Casino Resort.
• Launching BetMGM online wagering in Missouri.
• Achieving 29% gaming revenue growth at Caruthersville.
• Seeing preliminary October EBITDA up well over 20% year-over-year.

Finance: draft 13-week cash view by Friday.

Century Casinos, Inc. (CNTY) - Canvas Business Model: Channels

You're looking at how Century Casinos, Inc. gets its offerings in front of customers right now, late 2025. It's a mix of physical locations and digital access points.

The core of the channel strategy remains the physical casino and resort properties across three continents, specifically operating in the United States, Canada, and Poland. For the three months ended September 30, 2025, Century Casinos, Inc. reported net operating revenue of $153.7 million. The United States segment was the largest revenue contributor in the second quarter of 2025, bringing in $106.1 million.

Here's a snapshot of the geographic and property revenue context based on recent reports:

Geographic Segment (Q2 2025 Revenue)	Revenue Amount	Key Property/Update
United States	$106.1 million	Caruthersville property net operating revenue up 26% (Q2 2025 vs prior year)
Poland (Q2 2025 Revenue)	$24.7 million	New Wroclaw casino expected to open in January 2026
Canada (Q2 2025 Revenue)	$20.0 million	All locations except Century Downs saw gaming revenue increases

The digital channel is now active in Missouri via the online and mobile sports betting application, which operates under the BetMGM app. This channel launched on December 1, 2025, under a long-term agreement. Century Casinos, Inc. receives a percentage of net gaming revenue from this channel, which includes a guaranteed minimum component.

Century Casinos, Inc. uses its physical footprint to drive direct customer engagement through hospitality offerings. This includes direct hotel booking opportunities and integration with third-party travel sites. The Century Casino & Hotel Cape Girardeau property features a 69-room hotel, which opened in April 2024. The Caruthersville location also has a new hotel facility that opened in November 2024.

The retail sportsbook presence is a key physical channel extension, especially in Missouri. Century Casinos, Inc. and BetMGM opened a BetMGM-branded retail sportsbook at Century Casino & Hotel Cape Girardeau on December 1, 2025. This retail location offers self-service kiosks and manned windows.

The overall revenue for the trailing twelve months ending September 30, 2025, was $572.76 million.

The primary physical access points include:

• Physical casino and resort properties across the United States, Canada, and Poland.
• The Nugget Casino Resort in the West region.
• The newly developed Caruthersville casino and hotel.

Century Casinos, Inc. (CNTY) - Canvas Business Model: Customer Segments

You're looking at the core groups Century Casinos, Inc. (CNTY) serves as of late 2025, based on their latest operational reports.

High-value and core gaming patrons, the most profitable segment.

This segment shows consistent strength, driving much of the profitable play across the portfolio. In the third quarter of 2025, play from these upper customer segments grew by 8%, even as the lower-end softened. Visits from these core patrons were up 4% in Q3 2025. For context on the focus, at the Nugget Casino Resort in Reno-Sparks, Century Casinos is executing a repositioning strategy to focus on these core players, moving away from low ADP (Average Daily Play) customers who are no longer profitable. Earlier in the year, during Q1 2025, gaming revenue specifically from the upper segment had increased by 10%.

Regional and local mass-market players near US and Canadian properties.

This mass-market group, often referred to as the lower-end segment, has shown some softness recently. In the third quarter of 2025, play from these lower-end segments declined by 9%, which management noted as a drag on overall rated Gross Gaming Revenue (GGR). However, in Q2 2025, there were still noted improving trends among retail and lower-end customers.

The performance of specific properties highlights the success in attracting patrons, which includes both core and mass-market visitors:

Property/Segment	Metric	Q3 2025 Result	Year-over-Year Change
Century Casino & Hotel Caruthersville (MO)	Gaming Revenue	N/A	Up 29%
Century Casino & Hotel Caruthersville (MO)	EBITDA	$6.1 million	Up 35% (from $4.5 million)
Century Casino & Hotel Cape Girardeau (MO)	EBITDA	$6.1 million	Slightly below last year's record
U.S. Portfolio (Retail Play)	Gaming Revenue	N/A	Up 4%

Leisure and business travelers utilizing hotel and conference facilities.

The investment in hotel and conference facilities is clearly targeting travelers who spend more per visit. The new Riverview hotel, which opened in April 2024, showed significant traction by Q2 2025. This property is successfully expanding its reach, with patrons from outside 75 miles increasing by 28% since opening. For these hotel guests in Q2 2025, the associated gaming revenue averaged $556 per comped hotel guest, and the Average Daily Rate (ADR) for retail customers was $151. Food and Beverage cash revenue at the hotel grew 31% in that quarter.

The Colorado Springs property is also noted for attracting guests from further afield, evidenced by a significant increase in customers traveling over 75 miles.

Sports bettors in Missouri accessing the new online platform.

This is a new, high-potential segment set to activate in late 2025. Century Casinos, Inc. partnered with BetMGM to operate an online and mobile sports betting application under its Missouri license. The official go-live deadline for sports betting in Missouri is set for December 1, 2025. Analysts view the Missouri sports betting market as a potential $3 billion annual revenue stream. The agreement with BetMGM includes a percentage of net gaming revenue payable to Century Casinos, which comes with a guaranteed minimum.

The expected customer base for this new platform includes:

• Online and mobile bettors accessing the BetMGM application.
• In-person sports bettors utilizing the retail sportsbook options at Century Casinos' properties.
• Patrons attracted by the launch event and associated marketing efforts.

Century Casinos, Inc. (CNTY) - Canvas Business Model: Cost Structure

You're looking at the major drains on Century Casinos, Inc.'s cash flow, which is key for understanding their financial risk profile. The Cost Structure block here is dominated by fixed, non-negotiable outflows, especially those related to their property footprint. Honestly, the lease structure heavily influences how we see these costs.

The most significant recurring cash outlay is the fixed cash rent payment under the Master Lease. For the full year 2025, this is forecasted at approximately $66.5 million. To give you a sense of the pace, the cash rent component for just the second quarter of 2025 was $14.4 million.

Next up, you've got the cost of servicing the debt load. Interest expense on debt is estimated to fall between $32.9 million and $35.2 million for 2025. For context, the net interest expense reported for the second quarter of 2025 alone was $25.9 million. This expense, along with the Master Lease interest, definitely weighs on the bottom line, as noted in their third-quarter filings.

The structure of the Master Lease is critical here; it's a triple-net arrangement. What this means for Century Casinos, Inc. is that the Tenant is responsible for paying substantially all property-related costs, including real estate taxes, insurance, utilities, maintenance, and other operating costs. This shifts many variable operating costs off the corporate books but locks in the fixed rent. Still, direct operating costs remain substantial.

Here's a quick look at the major fixed and semi-fixed cost components we can track directly on the income statement for the nine months ended September 30, 2025 (in thousands):

Cost Category	Nine Months Ended September 30, 2025 (USD Thousands)
Cash Rent (Estimated Annualized from Q2)	Approx. $66,500 (Required Forecast)
Interest Expense (Net, Q2 2025)	$25,900
Gaming Operating Costs and Expenses (9M 2025)	$56,371
Total Debt Outstanding (As of Sept 30, 2025)	$338.7 million

You also have to budget for keeping the properties fresh. Capital expenditures for property upgrades are forecasted at $17.9 million for 2025. We saw actual purchases of property and equipment hit $17.4 million through the first nine months of 2025, so that full-year target seems right on track.

Beyond the big three-rent, interest, and CapEx-the remaining operating expenses cover the day-to-day running of the corporate structure and any non-leased operations. These costs generally include:

• Labor costs for corporate and non-Master Lease personnel.
• Sales, general, and administrative (SG&A) expenses.
• Costs associated with the Canadian and Polish operations not covered by the triple-net structure.
• Costs related to the new Missouri sports betting partnership, which is expected to start in the fourth quarter of 2025.

Finance: draft 13-week cash view by Friday.

Century Casinos, Inc. (CNTY) - Canvas Business Model: Revenue Streams

You're looking at the hard numbers for how Century Casinos, Inc. (CNTY) brought in money through the third quarter of 2025. Honestly, it's a story of regional strength battling headwinds elsewhere, all feeding into that top-line number.

The overall top-line figure for the third quarter of 2025 was a net operating revenue of $153.7 million. This represents a slight dip of 1% compared to the same period in 2024.

Century Casinos, Inc. generates revenue across its geographical segments from a mix of sources, which the company lumps into gaming, pari-mutuel, sports betting, iGaming, hotel, food and beverage, and other services. While we don't have the exact Q3 2025 breakdown for slots versus table games versus hotel revenue specifically, we can see the revenue contribution by region for the quarter (amounts in thousands):

Revenue Component	Q3 2025 Revenue (in thousands)	Year-over-Year Change
Total Net Operating Revenue	$153,724	(1%)
United States Segment Revenue	$114,997	(2%)
Canada Segment Revenue	$20,589	$314 increase
Poland Segment Revenue	$18,041	($154) decrease

The United States segment, which includes the East, Midwest, and West regions, remains the largest contributor to total revenue. For instance, at the Cripple Creek property in the Midwest, retail play accounted for about 30% of that property's total gaming revenue in the quarter.

Regarding new revenue streams, Century Casinos, Inc. has a strategic move in place:

• Online and retail sports betting is set to begin in Missouri on December 1, 2025, through a partnership with BetMGM.
• The agreement with BetMGM includes a percentage of net gaming revenue payable to Century Casinos, Inc., along with a guaranteed minimum.

The specific percentage of net gaming revenue from the BetMGM arrangement isn't detailed in the Q3 2025 results, as the launch is scheduled for the very end of the year. The company views this sports betting operation as a way to create new revenue streams for the property.

Non-gaming revenue components like hotel, food, and beverage are part of the overall segment results, with management noting that fewer concerts and large events at the Nugget in the West region reduced hotel/casino/F&B spillover in September 2025. The company also has ongoing operations in Canada and Poland, with the latter expecting a new casino opening in Wroclaw in January 2026.