{"id":10469,"date":"2025-02-18T13:28:37","date_gmt":"2025-02-18T13:28:37","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/?post_type=america&#038;p=10469"},"modified":"2025-02-18T13:28:37","modified_gmt":"2025-02-18T13:28:37","slug":"century-casinos-face-financial-struggles-as-moodys-downgrades-its-credit-rating","status":"publish","type":"america","link":"https:\/\/www.mundovideo.com.co\/en\/america\/century-casinos-face-financial-struggles-as-moodys-downgrades-its-credit-rating\/","title":{"rendered":"Century casinos face financial struggles as Moody\u2019s downgrades its credit rating"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Moody\u2019s has <strong>downgraded the credit rating<\/strong> of <strong>Century Casinos, Inc. (NASDAQ: CNTY)<\/strong> to <strong>Caa1<\/strong>, citing <strong>high leverage<\/strong> and increasing financial pressures. The company\u2019s debt levels are expected to exceed <strong>7.0x Debt\/EBITDA<\/strong> in the next <strong>12 to 18 months<\/strong>, raising concerns among investors about its long-term financial health. Century Casinos, a well-established operator with properties across <strong>Colorado, Missouri, West Virginia, Nevada, Maryland, and Alberta (Canada)<\/strong>, has faced challenges in maintaining steady operational cash flow.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.mundovideo.com.co\/landing\/multigame-link\/\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"340\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1.png\" alt=\"\" class=\"wp-image-9725\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1.png 1000w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1-300x102.png 300w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1-768x261.png 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">A significant factor contributing to its <strong>declining financial position<\/strong> is its lease obligations with <strong>VICI Properties L.P.<\/strong>, which acquired the real estate assets of four Alberta-based casinos in <strong>September 2023<\/strong> under a sale-leaseback agreement.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Century Casinos operates several gaming properties across North America and Europe. In the United States, it owns and manages <strong>Century Casino &amp; Hotel Central City and Century Casino &amp; Hotel Cripple Creek in Colorado, Century Casino Cape Girardeau and Century Casino Caruthersville in Missouri, Mountaineer Casino, Racetrack &amp; Resort in West Virginia, Nugget Casino Resort in Nevada, and Rocky Gap Casino Resort in Maryland<\/strong>. In Canada, it operates <strong>Century Casino &amp; Hotel Edmonton, Century Casino St. Albert, Century Downs Racetrack and Casino, and Century Mile Racetrack and Casino<\/strong>. Additionally, the company holds a <strong>67% stake in Casinos Poland Ltd.<\/strong>, which operates seven casinos in Poland.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Despite financial headwinds, Century Casinos has <strong>some positive factors<\/strong> working in its favor. The company\u2019s <strong>diverse geographic presence<\/strong>, recent acquisitions, and property expansions are expected to provide some revenue stability. Additionally, the company does not face any immediate <strong>debt maturities<\/strong>, giving it time to restructure its finances. According to its latest financial reports, as of <strong>September 30, 2024<\/strong>, Century Casinos held approximately <strong>$119 million in unrestricted cash<\/strong> and maintained access to a <strong>$30 million revolving credit line<\/strong> available until <strong>April 2027<\/strong>. However, Moody\u2019s has expressed <strong>caution<\/strong> over the company\u2019s long-term ability to <strong>generate sustainable earnings<\/strong>, particularly as rising interest rates and economic slowdowns impact the gaming sector.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"640\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/02\/century-casinos-face-financial-struggles-as-moodys-downgrades-its-credit-rating2-1024x640.jpg\" alt=\"\" class=\"wp-image-10472\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/02\/century-casinos-face-financial-struggles-as-moodys-downgrades-its-credit-rating2-1024x640.jpg 1024w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/02\/century-casinos-face-financial-struggles-as-moodys-downgrades-its-credit-rating2-300x188.jpg 300w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/02\/century-casinos-face-financial-struggles-as-moodys-downgrades-its-credit-rating2-768x480.jpg 768w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/02\/century-casinos-face-financial-struggles-as-moodys-downgrades-its-credit-rating2.jpg 1299w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Following the credit downgrade, <strong>Century Casinos&#8217; stock (CNTY) saw minor fluctuations<\/strong>, currently trading at <strong>$3.22 per share<\/strong>, marking a <strong>0.025% increase<\/strong> from the previous close. Investors remain cautious, awaiting further operational updates and financial restructuring strategies. Analysts have noted that <strong>casino operators with high leverage<\/strong> often face <strong>higher borrowing costs<\/strong>, which can <strong>squeeze profit margins<\/strong> and impact expansion plans.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"850\" height=\"598\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/02\/century-casinos-face-financial-struggles-as-moodys-downgrades-its-credit-rating3.jpg\" alt=\"\" class=\"wp-image-10471\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/02\/century-casinos-face-financial-struggles-as-moodys-downgrades-its-credit-rating3.jpg 850w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/02\/century-casinos-face-financial-struggles-as-moodys-downgrades-its-credit-rating3-300x211.jpg 300w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/02\/century-casinos-face-financial-struggles-as-moodys-downgrades-its-credit-rating3-768x540.jpg 768w\" sizes=\"auto, (max-width: 850px) 100vw, 850px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Moody\u2019s decision to downgrade Century Casinos reflects <strong>broader industry challenges<\/strong>, where <strong>smaller operators struggle<\/strong> to compete against industry giants with <strong>stronger balance sheets<\/strong>. While the company\u2019s <strong>current liquidity position<\/strong> provides a temporary cushion, the pressure to <strong>improve earnings<\/strong> and <strong>reduce debt levels<\/strong> will remain crucial for long-term stability.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A significant factor contributing to its declining financial position is its lease obligations with VICI Properties L.P., which acquired the real estate assets of four Alberta-based casinos in September 2023 under a sale-leaseback agreement.<\/p>\n","protected":false},"author":1,"featured_media":10473,"menu_order":133,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[1458,57,4833],"class_list":["post-10469","america","type-america","status-publish","format-standard","has-post-thumbnail","tag-america","tag-casinos","tag-nasdaq","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Century casinos face financial struggles as Moody\u2019s downgrades its credit rating - Mundo Video Entertainment | Casino News in Latin America and the World<\/title>\n<meta name=\"description\" content=\"Moody\u2019s downgraded Century Casinos (CNTY) to Caa1 due to high leverage and financial concerns. Investors monitor the company\u2019s next moves amid liquidity and expansion challenges.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mundovideo.com.co\/en\/america\/century-casinos-face-financial-struggles-as-moodys-downgrades-its-credit-rating\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Century casinos face financial struggles as Moody\u2019s downgrades its credit rating - Mundo Video Entertainment | Casino News in Latin America and the World\" \/>\n<meta property=\"og:description\" content=\"Moody\u2019s downgraded Century Casinos (CNTY) to Caa1 due to high leverage and financial concerns. 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