Century Casinos, Inc. is a widespread casino entertainment company with multiple venues including those in Colorado, Missouri, West Virginia and Alberta, Canada. It has a subsidiary in Austria and a 66.6% ownership interest in Casinos Poland Ltd. that operates eight casinos throughout the country.
Clearly, its projects are legion, but now one is about to close due to the raging pandemic across the globe. The Polish casinos will remain closed through January 31, 2021, subject to extensions.
Compliance with local protocols and quarantine edits by the Polish government will be maintained.
This may affect the share price as the company’s Poland operating segment contributed 4% of the Adjusted EBITDA for quarter ending September 30th.
Plans can change as the situation evolves. No one knows if and when the pandemic will abate. Meanwhile, adverse effects on Century Casinos are expected – at least5 short term.