Century Casinos (CNTY) Lytham Partners 2026 Consumer & Technology Investor Summit summary

Company overview and strategy

• Operates a diverse portfolio of regional gaming assets in North America and Poland, focusing on unique local markets and strong brand positions.

• Prioritizes drive-in markets, with most revenue from guests within an hour's drive, fostering loyalty and stable demand.

• Emphasizes disciplined operations and tailored marketing to preserve each property's unique advantages and create value for guests and shareholders.

• Integrates gaming with hotels, dining, racing, and entertainment to enhance guest experience and drive repeat visitation.

• Adapts strategies at the property and customer segment level based on data-driven insights.

Financial performance and property highlights

• Achieved record Q2 net operating revenue of $152 million (up 1% YoY) and EBITDA of $31.7 million (up 5% YoY).

• Every North American property grew revenue and EBITDA year-to-date, with most seeing double-digit EBITDA growth.

• The Nugget delivered a 16% increase in net operating revenue and 93% growth in adjusted EBITDA in Q2, marking its third consecutive quarter of YoY EBITDA growth.

• Missouri properties posted nine consecutive quarters of YoY growth in revenue and EBITDA, with Caruthersville achieving the highest percentage increase in gross revenue among Missouri casinos.

• Rocky Gap increased EBITDA by 9% YoY, demonstrating resilience despite a challenging environment.

Consumer trends and market dynamics

• Core customers remain resilient, with some properties seeing fewer unique visitors but higher spend per visit, while others grow both visitation and customer base.

• Economic factors like inflation, wage pressure, and gas prices impact regional gaming, but proximity to customers and diversified offerings help mitigate risks.

• Guests are spending more locally due to higher travel costs, benefiting regional properties.

• Data-driven marketing allows targeted reinvestment and adaptation to changing consumer behaviors.

• No single strategy fits all; each property requires tailored approaches based on local market conditions.