📝 Century Casinos $CNTY (#1) Rocky Gap Rises: The East Coast Casino Acquisition That’s Transforming Century Casinos
Q2 2024 update. 60% revenue surge! Rocky Gap Casino acquisition sparks growth, but what’s happening behind the scenes?
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Here is the Century Casinos thesis:
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Update Q2 2024 Results
Century Casinos has announced its results for Q2 2024, with moderate growth in most segments of its business and is on track to achieve the objectives laid out in 2022 for 2025. This information is derived from the official announcement dated August 8, 2024, and is supported by data gathered from over two years of meticulous observation and analysis of the company.
Quick Introduction
Based on the awesome feedback about the short bullet point format, I will make it a habit to start off posts by outlining the key features. So, here’s a quick rundown of what we talked about today:
A quick overview of the quarter, a breakdown of results by segment, a look at the balance sheet and CAPEX, and a brief outlook for the rest of 2024 and the start of 2025.
Next, we'll dive into the key KPIs for the company, the CAPEX cycle breakdown, the best proxies for measuring results, and what we should keep an eye on in H2 2024 and 2025.
As always, we'll wrap up with a summary of the Q&A from the Q2 earnings call, highlighting the most important insights on the key topics for the company.