Gambling in the USA

Century Casinos, Inc. Announces Fourth Quarter and Full Year 2019 Results

Published

6 years ago

March 16, 2020

Zoltan Tundik

Century Casinos, Inc. announced its financial results for the three months and year ended December 31, 2019.

Fourth Quarter 2019 Highlights*

Net operating revenue was $67.2 million, an increase of 49% from the three months ended December 31, 2018.
Loss from operations was ($14.7) million, a decrease of 846% from the three months ended December 31, 2018.
Net loss attributable to Century Casinos, Inc. shareholders was ($20.1) million, a decrease of 4080% from the three months ended December 31, 2018.
Adjusted EBITDA** was $9.8 million, an increase of 69% from the three months ended December 31, 2018.
Loss per share was ($0.68).

2019 Highlights*

Net operating revenue was $218.2 million, an increase of 29% from the year ended December 31, 2018.
Loss from operations was ($5.2) million, a decrease of 155% from the year ended December 31, 2018.
Net loss attributable to Century Casinos, Inc. shareholders was ($19.2) million, a decrease of 664% from the year ended December 31, 2018.
Adjusted EBITDA** was $30.3 million, an increase of 30% from the year ended December 31, 2018.
Basic loss per share was ($0.65), a decrease of 642% from the year ended December 31, 2018.
Diluted loss per share was ($0.65), a decrease of 691% from the year ended December 31, 2018.
Book value per share*** at December 31, 2019 was $5.54.

In December 2019, the Company determined that the intangible and tangible assets at Century Casino Bath were impaired. The impairment, which totaled $16.5 million, was determined after evaluating losses incurred by the casino since operations began and future forecasts of continued losses due to the current regulatory environment for casinos in England.

On December 6, 2019, the Company completed its acquisition (the “Acquisition”) of the operations of Isle Casino Cape Girardeau, located in Cape Girardeau, Missouri, Lady Luck Caruthersville, located in Caruthersville, Missouri, and Mountaineer Casino, Racetrack and Resort located in New Cumberland, West Virginia (collectively, the “Acquired Casinos”), from Eldorado Resorts, Inc. for an aggregate purchase price of approximately $110.6 million. Immediately prior to the Acquisition, the real estate assets underlying the Acquired Casinos were sold to an affiliate of VICI Properties Inc. (“VICI PropCo”). On the closing date, the Company and VICI PropCo entered into a triple net lease agreement (the “Master Lease”) for the three Acquired Casino properties. The Master Lease has an initial annual rent of approximately $25.0 million and an initial term of 15 years, with four five-year renewal options.

The consolidated results for the three months and year ended December 31, 2019 and 2018 are as follows:


	For the three months						For the year
Amounts in thousands, except per share data	ended December 31,						ended December 31,
Consolidated Results:			2019		2018	% Change			2019		2018	% Change
Net Operating Revenue		$	67,236	$	45,106	49%		$	218,227	$	168,938	29%
(Loss) Earnings from Operations			(14,745)		1,976	(846%)			(5,220)		9,459	(155%)
Net (Loss) Earnings Attributable to Century Casinos, Inc. Shareholders		$	(20,140)	$	506	(4080%)		$	(19,155)	$	3,394	(664%)

Adjusted EBITDA**		$	9,776	$	5,801	69%		$	30,281	$	23,377	30%

(Loss) Earnings Per Share Attributable to Century Casinos, Inc. Shareholders:
Basic		$	(0.68)	$	0.02	(3500%)		$	(0.65)	$	0.12	(642%)
Diluted		$	(0.68)	$	0.02	(3500%)		$	(0.65)	$	0.11	(691%)

“We are pleased with the fourth quarter results and the immediate impact the addition of the three casinos acquired from Eldorado Resorts had on our operating results,” Erwin Haitzmann and Peter Hoetzinger, Co-Chief Executive Officers of Century Casinos remarked. “The acquired casinos have had very encouraging initial results, and we are excited to continue integrating the operations into the Century brand and to see anticipated meaningful growth from this acquisition on Century Casinos in the future,” Messrs. Haitzmann and Hoetzinger concluded.

The Company is carefully monitoring the situation caused by the coronavirus (COVID-19) pandemic. Although the entire situation is unpredictable, our management teams are prepared to control what they can control. Our casinos are following and implementing the recommendations from the US Centers for Disease Control and Prevention, which include everyday preventative actions to help prevent the spread of respiratory viruses, such as washing your hands often with soap and water, avoiding touching your eyes, nose, and mouth with unwashed hands, covering your cough or sneeze with a tissue, cleaning and disinfecting frequently touched objects and surfaces and of course staying home when you are sick. We are also putting an extra effort into straight-forward and realistic guest messaging and have stepped-up employee trainings to ensure strict compliance with our policies and procedures. We are in constant communication with our employees to reinforce our sanitation safety procedures in both guest-facing and back-of-house areas. We are sanitizing high-traffic public areas at an increased frequency. Proper procedures are posted in all back-of-house work areas.

To date, COVID-19 has not had a significant impact on our US or Canadian markets, while the market in Poland has been weakening by approximately ten percent. Our customer base is very diversified within North America. Our casinos are ‘local’ casinos in urban and suburban locations, with the vast majority of our business from customers who live within an hour from our facilities. Our casinos have negligible meeting and convention business and few of our customers travel by air to visit us. This may temper the impact of COVID-19 on our business, but this situation continues to evolve and could adversely impact us until the virus runs its course.

Reportable Segment Results*
The table below shows the Company’s operating segments that are included in each of the Company’s reportable segments as of December 31, 2019:


Reportable Segment	Operating Segment	Reporting Unit
United States	Colorado	Century Casino & Hotel – Central City
		Century Casino & Hotel – Cripple Creek
	West Virginia	Mountaineer Casino, Racetrack & Resort
	Missouri	Century Casino Cape Girardeau
		Century Casino Caruthersville
Canada	Edmonton	Century Casino & Hotel – Edmonton
		Century Casino St. Albert
		Century Mile Racetrack and Casino
	Calgary	Century Casino Calgary
		Century Downs Racetrack and Casino
		Century Bets! Inc.
Poland	Poland	Casinos Poland
Corporate and Other	Corporate and Other	Cruise Ships & Other
		Century Casino Bath
		Corporate Other

The Company’s net operating revenue increased by $22.1 million, or 49%, and by $49.3 million, or 29%, for the three months and year ended December 31, 2019, compared to the three months and year ended December 31, 2018. Following is a summary of the changes in net operating revenue by reportable segment for the three months and year ended December 31, 2019, compared to the three months and year ended December 31, 2018:


	Net Operating Revenue
	For the three months							For the year
	ended December 31,							ended December 31,
Amounts in thousands	2019		2018		$ Change		% Change	2019		2018		$ Change		% Change
United States	$	23,926	$	7,938	$	15,988	201%	$	49,998	$	33,483	$	16,515	49%
Canada		20,291		15,678		4,613	29%		80,650		61,361		19,289	31%
Poland		21,675		19,514		2,161	11%		81,894		68,209		13,685	20%
Corporate and Other		1,344		1,976		(632)	(32%)		5,685		5,885		(200)	(3%)
Consolidated	$	67,236	$	45,106	$	22,130	49%	$	218,227	$	168,938	$	49,289	29%

The Company’s earnings from operations decreased by ($16.7) million, or (846%), and by ($14.7) million, or (155%), for the three months and year ended December 31, 2019, compared to the three months and year ended December 31, 2018. Following is a summary of the changes in earnings (loss) from operations by reportable segment for the three months and year ended December 31, 2019, compared to the three months and year ended December 31, 2018:


	Earnings (Loss) from Operations
	For the three months							For the year
	ended December 31,							ended December 31,
Amounts in thousands	2019		2018		$ Change		% Change	2019		2018		$ Change		% Change
United States	$	4,685	$	1,033	$	3,652	354%	$	9,478	$	5,882	$	3,596	61%
Canada		4,000		3,675		325	9%		16,115		14,633		1,482	10%
Poland		1,627		460		1,167	254%		5,915		145		5,770	3979%
Corporate and Other		(25,057)		(3,192)		(21,865)	(685%)		(36,728)		(11,201)		(25,527)	(228%)
Consolidated	$	(14,745)	$	1,976	$	(16,721)	(846%)	$	(5,220)	$	9,459	$	(14,679)	(155%)

Net earnings attributable to Century Casinos, Inc. shareholders decreased by ($20.6) million, or (4080%), and by ($22.5) million, or (664%), for the three months and year ended December 31, 2019, compared to the three months and year ended December 31, 2018. Following is a summary of the changes in net earnings (loss) attributable to Century Casinos, Inc. shareholders by reportable segment for the three months and year ended December 31, 2019, compared to the three months and year ended December 31, 2018:


	Net Earnings (Loss) Attributable to Century Casinos, Inc. Shareholders
	For the three months							For the year
	ended December 31,							ended December 31,
Amounts in thousands	2019		2018		$ Change		% Change	2019		2018		$ Change		% Change
United States	$	2,261	$	767	$	1,494	195%	$	5,825	$	4,373	$	1,452	33%
Canada		948		2,077		(1,129)	(54%)		6,669		7,715		(1,046)	(14%)
Poland		1,352		179		1,173	655%		3,466		(153)		3,619	2365%
Corporate and Other		(24,701)		(2,517)		(22,184)	(881%)		(35,115)		(8,541)		(26,574)	(311%)
Consolidated	$	(20,140)	$	506	$	(20,646)	(4080%)	$	(19,155)	$	3,394	$	(22,549)	(664%)

Items deducted from or added to earnings from operations to arrive at net earnings (loss) attributable to Century Casinos, Inc. shareholders include interest income, interest expense, gains (losses) on foreign currency transactions and other, income tax expense and non-controlling interests.

The Company’s Adjusted EBITDA** increased by $4.0 million, or 69%, and by $6.9 million, or 30%, for the three months and year ended December 31, 2019 compared to the three months and year ended December 31, 2018. Following is a summary of the changes in Adjusted EBITDA** by reportable segment for the three months and year ended December 31, 2019 compared to the three months and year ended December 31, 2018:


	Adjusted EBITDA**
	For the three months							For the year
	ended December 31,							ended December 31,
Amounts in thousands	2019		2018		$ Change		% Change	2019		2018		$ Change		% Change
United States	$	5,441	$	1,582	$	3,859	244%	$	11,825	$	8,061	$	3,764	47%
Canada		5,378		4,991		387	8%		21,212		19,522		1,690	9%
Poland		2,484		1,733		751	43%		9,392		4,890		4,502	92%
Corporate and Other		(3,527)		(2,505)		(1,022)	(41%)		(12,148)		(9,096)		(3,052)	(34%)
Consolidated	$	9,776	$	5,801	$	3,975	69%	$	30,281	$	23,377	$	6,904	30%

Balance Sheet and Liquidity
As of December 31, 2019, the Company had $54.8 million in cash and cash equivalents and $179.0 million in outstanding debt on its balance sheet compared to $45.6 million in cash and cash equivalents and $59.5 million in outstanding debt at December 31, 2018. The outstanding debt as of December 31, 2019 included the following: $170.0 million related to the Company’s credit agreement with a group of lenders led by Macquarie Capital that the Company entered into in December 2019 in connection with the Acquisition, replacing the Company’s credit agreement with the Bank of Montreal; $2.0 million of bank debt related to Casinos Poland; $2.0 million of bank debt related to Century Casino Bath; and $15.0 million related to a long-term land lease for CDR, net of $10.0 million in deferred financing costs.

Conference Call Information
Today the Company will post a copy of its Annual Report on Form 10-K filed with the SEC for the year ended December 31, 2019 on its website at www.cnty.com/investor/financials/sec-filings. The Company will also post a presentation on the year end results on its website at www.cnty.com/investor/presentations.

The Company will host its fourth quarter 2019 earnings conference call today, Friday, March 13^th, at 8:00 am MDT. U.S. domestic participants should dial 1-844-244-9160. For all international participants, please use 330-931-4670 to dial-in. Participants may listen to the call live at www.centurycasinos.adobeconnect.com/earningsrelease or obtain a recording of the call on the Company’s website until March 31, 2020 at www.cnty.com/investor/financials/sec-filings.

CENTURY CASINOS, INC. AND SUBSIDIARIES FINANCIAL INFORMATION – US GAAP BASIS
Condensed Consolidated Statements of (Loss) Earnings


	For the three months					For the year
	ended December 31,					ended December 31,
Amounts in thousands, except for per share information		2019		2018			2019		2018
Operating revenue:
Net operating revenue		$	67,236	$	45,106		$	218,227	$	168,938
Operating costs and expenses:
Total operating costs and expenses			81,981		43,152			223,446		159,502
Earnings (loss) from equity investment			—		22			(1)		23
(Loss) earnings from operations			(14,745)		1,976			(5,220)		9,459
Non-operating income (expense), net			(3,569)		(1,053)			(6,747)		(3,536)
(Loss) earnings before income taxes			(18,314)		923			(11,967)		5,923
Income tax provision			(955)		(133)			(4,174)		(1,917)
Net (loss) earnings			(19,269)		790			(16,141)		4,006
Net earnings attributable to non-controlling interests			(871)		(284)			(3,014)		(612)
Net (loss) earnings attributable to Century Casinos, Inc. shareholders		$	(20,140)	$	506		$	(19,155)	$	3,394

(Loss) earnings per share attributable to Century Casinos, Inc. shareholders:
Basic		$	(0.68)	$	0.02		$	(0.65)	$	0.10
Diluted		$	(0.68)	$	0.02		$	(0.65)	$	0.10

Weighted average common shares
Basic			29,474		29,439			29,452		29,401
Diluted			29,474		29,861			29,452		29,962

CENTURY CASINOS, INC. AND SUBSIDIARIES FINANCIAL INFORMATION – US GAAP BASIS
Condensed Consolidated Balance Sheets

	December 31,		December 31,
Amounts in thousands	2019		2018
Assets
Current assets	$	79,366	$	54,974
Property and equipment, net		503,933		187,017
Other assets		143,601		36,834
Total assets	$	726,900	$	278,825

Liabilities and Equity
Current liabilities	$	56,570	$	50,020
Non-current liabilities		498,255		45,422
Century Casinos, Inc. shareholders’ equity		163,306		176,321
Non-controlling interests		8,769		7,062
Total liabilities and equity	$	726,900	$	278,825

CENTURY CASINOS, INC. AND SUBSIDIARIES SUPPLEMENTAL INFORMATION
Constant Currency* Results (unaudited)

	For the three months					For the year
	ended December 31,					ended December 31,
Amounts in thousands		2019		2018	% Change		2019		2018	% Change
Net operating revenue as reported (GAAP)	$	67,236	$	45,106	49%	$	218,227	$	168,938	29%
Foreign currency impact vs. 2018		559					7,207
Net operating revenue constant currency (non-GAAP)*	$	67,795	$	45,106	50%	$	225,434	$	168,938	33%

(Loss) earnings from operations (GAAP)	$	(14,745)	$	1,976	(846%)	$	(5,220)	$	9,459	(155%)
Foreign currency impact vs. 2018		934					955
(Loss) earnings from operations constant currency (non-GAAP)*	$	(13,811)	$	1,976	(799%)	$	(4,265)	$	9,459	(145%)

Net (loss) earnings attributable to Century Casinos, Inc. shareholders as reported (GAAP)	$	(20,140)	$	506	(4080%)	$	(19,155)	$	3,394	(664%)
Foreign currency impact vs. 2018		339					(40)
Net (loss) earnings attributable to Century Casinos, Inc. shareholders constant currency (non-GAAP)*	$	(19,801)	$	506	(4013%)	$	(19,195)	$	3,394	(666%)

Gains and losses on foreign currency transactions are added back to net (loss) earnings in the Company’s Adjusted EBITDA** calculations. As such, there is no foreign currency impact to Adjusted EBITDA** when calculating Constant Currency* results.

Adjusted EBITDA Margins *** (unaudited)

	For the three months		For the year
	ended December 31,		ended December 31,
	2019	2018	2019	2018
United States	23%	20%	24%	24%
Canada	27%	32%	26%	32%
Poland	11%	9%	11%	7%
Corporate and Other	(262%)	(127%)	(214%)	(155%)
Consolidated Adjusted EBITDA Margin	15%	13%	14%	14%

CENTURY CASINOS, INC. AND SUBSIDIARIES SUPPLEMENTAL INFORMATION
Reconciliation of Adjusted EBITDA ** to Net Earnings (Loss) Attributable to Century Casinos, Inc. Shareholders by Reportable Segment.

	For the three months ended December 31, 2019
Amounts in thousands		United States		Canada		Poland		Corporate and Other		Total
Net earnings (loss) attributable to Century Casinos, Inc. shareholders		$	2,261	$	948	$	1,352	$	(24,701)	$	(20,140)
Interest expense (income), net			1,635		1,456		55		1,020		4,166
Income taxes (benefit)			789		1,375		222		(1,431)		955
Depreciation and amortization			756		1,356		781		254		3,147
Net earnings attributable to non-controlling interests			—		195		676		—		871
Non-cash stock-based compensation			—		—		—		324		324
Loss (gain) on foreign currency transactions, cost recovery income and other			—		26		(678)		16,704		16,052
Loss on disposition of fixed assets			—		22		76		1		99
Acquisition costs			—		—		—		4,302		4,302
Adjusted EBITDA		$	5,441	$	5,378	$	2,484	$	(3,527)	$	9,776


	For the three months ended December 31, 2018
Amounts in thousands		United States		Canada		Poland		Corporate and Other		Total
Net earnings (loss) attributable to Century Casinos, Inc. shareholders		$	767	$	2,077	$	179	$	(2,517)	$	506
Interest expense (income), net			—		1,084		50		65		1,199
Income taxes (benefit)			266		435		280		(848)		133
Depreciation and amortization			548		779		1,025		402		2,754
Net earnings attributable to non-controlling interests			—		174		89		21		284
Non-cash stock-based compensation			—		—		—		255		255
(Gain) loss on foreign currency transactions and cost recovery income			—		(95)		(138)		94		(139)
Loss on disposition of fixed assets			1		4		27		23		55
Pre-opening expenses			—		533		221		—		754
Adjusted EBITDA		$	1,582	$	4,991	$	1,733	$	(2,505)	$	5,801

CENTURY CASINOS, INC. AND SUBSIDIARIES SUPPLEMENTAL INFORMATION
Reconciliation of Adjusted EBITDA ** to Net Earnings (Loss) Attributable to Century Casinos, Inc. Shareholders by Reportable Segment.

	For the Year ended December 31, 2019
Amounts in thousands		United States		Canada		Poland		Corporate and Other		Total
Net earnings (loss) attributable to Century Casinos, Inc. shareholders		$	5,825	$	6,669	$	3,466	$	(35,115)	$	(19,155)
Interest expense (income), net			1,635		5,312		197		1,085		8,229
Income taxes (benefit)			2,018		3,278		1,617		(2,739)		4,174
Depreciation and amortization			2,330		4,539		3,064		910		10,843
Net earnings (loss) attributable to non-controlling interests			—		1,295		1,731		(12)		3,014
Non-cash stock-based compensation			—		—		—		1,303		1,303
(Gain) loss on foreign currency transactions, cost recovery income and other			—		(439)		(1,096)		16,709		15,174
Loss on disposition of fixed assets			17		20		413		345		795
Acquisition costs			—		—		—		5,366		5,366
Pre-opening expenses			—		538		—		—		538
Adjusted EBITDA		$	11,825	$	21,212	$	9,392	$	(12,148)	$	30,281


	For the Year ended December 31, 2018
Amounts in thousands		United States		Canada		Poland		Corporate and Other		Total
Net earnings (loss) attributable to Century Casinos, Inc. shareholders		$	4,373	$	7,715	$	(153)	$	(8,541)	$	3,394
Interest expense (income), net			1		3,895		206		12		4,114
Income taxes (benefit)			1,508		2,536		595		(2,722)		1,917
Depreciation and amortization			2,178		3,211		3,065		945		9,399
Net earnings (loss) attributable to non-controlling interests			—		722		(75)		(35)		612
Non-cash stock-based compensation			—		—		—		868		868
(Gain) loss on foreign currency transactions and cost recovery income			—		(235)		(428)		2		(661)
Loss on disposition of fixed assets			1		10		1,054		25		1,090
Pre-opening expenses			—		1,668		626		350		2,644
Adjusted EBITDA		$	8,061	$	19,522	$	4,890	$	(9,096)	$	23,377

CENTURY CASINOS, INC. AND SUBSIDIARIES
SUPPLEMENTAL INFORMATION
* The impact of foreign exchange rates is highly variable and difficult to predict. The Company uses a Constant Currency basis to show the impact from foreign exchange rates on current period financial information compared to prior period financial information using the prior period’s foreign exchange rates. In order to properly understand the underlying business trends and performance of the Company’s ongoing operations, management believes that investors may find it useful to consider the impact of excluding changes in foreign exchange rates from the Company’s net operating revenue, (loss) earnings from operations and net earnings (loss) attributable to Century Casinos, Inc. shareholders. Constant currency results are calculated by dividing the current quarter or year to date local currency segment results, excluding the local currency impact of foreign currency gains and losses, by the prior year’s average exchange rate for the quarter or year to date and comparing them to actual U.S. dollar results for the prior quarter or year to date. The average exchange rates for the current and prior year are reported in Note 2 to the Consolidated Financial Statements included in Part II, Item 8, “Financial Statements and Supplementary Data” of the Company’s Annual Report on Form 10-K. The average exchange rates for the three months ended December 31, 2019 and 2018 are presented below.


	For the three months
	ended December 31,
Average Rates	2019	2018	% Change
Canadian dollar (CAD)	1.3199	1.3218	0.1%
Euros (EUR)	0.9032	0.8763	(3.1%)
Polish zloty (PLN)	3.8702	3.7668	(2.7%)
British pound (GBP)	0.7766	0.7773	0.1%
Source: Pacific Exchange Rate Service

Constant currency information is not a measure of financial performance under generally accepted accounting principles in the United States of America (GAAP) and should not be considered a substitute for net operating revenue, (loss) earnings from operations or net earnings (loss) attributable to Century Casinos, Inc. shareholders as determined in accordance with GAAP.

SOURCE Century Casinos, Inc.

Related Topics:Century Casinos Isle Casino

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Gaming Americas Weekly Roundup – November 17-23

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Welcome to our weekly roundup of American gambling news again! Here, we are going through the weekly highlights of the American gambling industry which include the latest news and new partnerships. Read on and get updated.

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Partnerships

BetMGM announced that the company is now an official sports betting and online casino partner of the Pittsburgh Penguins. With this multi-year agreement, BetMGM holds partnerships with all three of Pittsburgh’s major professional sports teams. Key elements of the partnership include prominent BetMGM signage and branding throughout PPG Paints Arena, co-branded social media content, exclusive promotions and premium hospitality assets for VIP fan experiences. BetMGM also plans to introduce Penguins-themed iGaming products in the near future. As BetMGM continues to expand into new markets and introduce new features, responsible gaming remains a key focus. Additionally, BetMGM provides resources to help customers play responsibly including GameSense, an industry leading programme, developed and licensed to MGM Resorts by the British Columbia Lottery Corporation.

Hard Rock International and Seminole Gaming joined forces with nonprofit organisation Ocean Conservancy for the Global Sound Waves joint sustainability programme. This collaboration unites Hard Rock team members and communities worldwide with Ocean Conservancy’s mission of protecting the oceans by reducing waste and driving meaningful environmental change. The partnership, motivated by one of Hard Rock’s guiding mottos: Save the Planet, takes a proactive approach to ocean conservation by focusing on upstream waste management, addressing water, food and material waste to prevent it from polluting the ocean. Through comprehensive waste audits and data-driven analysis, Hard Rock and Ocean Conservancy identify diversion opportunities and implement alternatives that set meaningful waste reduction goals across Hard Rock’s global operations.

The post Gaming Americas Weekly Roundup – November 17-23 appeared first on European Gaming Industry News.

American gambling industry

Gaming Americas Weekly Roundup – November 3-9

Published

2 weeks ago

November 11, 2025

Niji Narayan

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Reading Time: 2 minutes

Latest News

Petroglyph Development Group (PDG), a wholly owned corporation of Snuneymuxw First Nation (Snuneymuxw), and Great Canadian Entertainment announced that they have entered into definitive agreements for the purchase by PDG from Great Canadian Entertainment of two casino businesses, River Rock Casino Resort and Chances Maple Ridge. Upon closing and subject to regulatory and other approvals, PDG is expected to become one of the largest casino operators by revenue in British Columbia, and anticipates being the largest Canadian Indigenous owned gaming operator by revenue in Canada, cementing Snuneymuxw as a leading force in the province’s gaming industry. Building on PDG’s recent acquisitions of Casino Nanaimo and Elements Casino Victoria earlier this year, these transactions demonstrate the strength of the collaboration between PDG and Great Canadian Entertainment and the momentum of PDG’s growing gaming platform.

Churchill Downs Incorporated (CDI) has announced the promotion of Michael Meagher to Senior Vice President of Gaming Operations, effective November 3, 2025. Meagher succeeds Maureen Adams, whose retirement was announced earlier this year. He will oversee operations at all gaming and HRM locations throughout the CDI portfolio, along with corporate gaming functions, including analytics, marketing and product performance. Meagher will report directly to Bill Mudd, President and Chief Operating Officer of CDI. Meagher has served as Vice President of Gaming Operations since 2022, where he oversaw nine gaming properties across CDI’s portfolio, including the development and successful grand opening of Terre Haute Casino Resort. In this role, he was instrumental in driving operational performance, enhancing guest experiences and supporting the Company’s continued growth in regional gaming markets.

Partnerships

Zoomd Technologies Ltd has announced that it has entered into a strategic partnership with E2-Quadrat communications GMBH (E2), a global leader in digital marketing and technology solutions for the sports and betting industry. With over two decades of experience in the industry, E2 has established itself as a trusted partner to some of the most prominent names in the sector. The privately owned company operates a broad international network of offices enabling it to serve clients on a truly global scale. This partnership is expected to enable E2’s current and future clients worldwide to benefit from Zoomd’s advanced user acquisition (UA) technologies and performance marketing expertise and aligns with Zoomd’s strategic focus on expanding its impact across high-growth verticals.

MyPrize, the fastest growing social gaming business in the US, has announced a strategic partnership with Crypto.com | Derivatives North America (CDNA), a CFTC-registered exchange and clearinghouse and an affiliate of Crypto.com, to launch MyPrize Markets, a first of its kind product allowing users to access social gaming and prediction markets for the first time in one unified platform. As Crypto.com’s first social gaming partner, MyPrize will leverage the company’s enterprise-grade infrastructure to deliver an engaging and intuitive prediction market experience to its massive global user base, now numbering over 1 million+. This strategic partnership continues MyPrize’s explosive growth in 2025 and further cements its market position as the leading social gaming and entertainment platform.

The post Gaming Americas Weekly Roundup – November 3-9 appeared first on European Gaming Industry News.

American gambling industry

Gaming Americas Weekly Roundup – October 27-November 2

Published

3 weeks ago

November 4, 2025

Niji Narayan

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Reading Time: 2 minutes

Latest News

The National Council on Problem Gambling (NCPG) announced the addition of the Texas Coalition on Problem Gambling and the Vermont Council on Gaming and Health as its newest state Affiliate members, joining a growing community of organisations dedicated to advancing prevention, education, treatment and recovery for those impacted by problem gambling. While NCPG advocates for problem gambling programmes, policies and funding at the national level, its state affiliates focus efforts closer to home – connecting individuals and families with local resources, community partners and culturally relevant support. With these new additions, NCPG now has Affiliates in 37 states.

The Michigan Gaming Control Board (MGCB) has taken further enforcement action against unlicensed gambling operators, issuing cease-and-desist letters to eight online casinos found to be illegally offering internet gaming to Michigan residents. The letters were recently sent to Aussie Play, CryptoGames, FortuneJack, Hugewin Casino, My Stake Casino, Play at Harry’s Casino, RuneChat and Slots Garden. Michigan’s regulated internet gaming and sports betting markets are reserved exclusively for operators licensed and monitored by the MGCB. Any site that offers gambling without state authorisation violates multiple statutes, including the Lawful Internet Gaming Act, the Michigan Gaming Control and Revenue Act and sections of the Michigan Penal Code.

Great Canadian Entertainment announced that 10 of its casinos from coast to coast have successfully achieved RG Check reaccreditation, one of the world’s most comprehensive and rigorous responsible gambling accreditation programmes. RG Check is governed by the Responsible Gambling Council (RGC), an independent non-profit organisation recognised internationally for advancing responsible gambling standards. The programme evaluates gaming facilities on a broad set of best-practice criteria, including player safeguards, staff training, self-exclusion options, advertising standards and continuous improvement practices.

Partnerships

CT Interactive is expanding its presence in Peru with a new content launch on Te Apuesto, offering players a curated selection of top-quality games proven successful in other regulated markets. As part of the launch, Te Apuesto will offer exclusive access to Duck of Luck Buy Bonus from CT Interactive’s popular Buy Bonus series. The game features an innovative one-level Buy Bonus mechanic, delivering more strategic gameplay and greater player control. Another exclusive title, Lucky Clover 10, features vintage-inspired graphics and a strong mathematical model, delivering a smooth, engaging gameplay experience. In addition the exclusive titles, Te Apuesto players will also enjoy a variety of new games, including Enchanted Woods, The Shining Globe, Hyper Cuber, The Wild Rhino and Kyoto Magic.

Betsson Group has announced a new partnership with the Peruvian Volleyball Federation (FPV), becoming the Official Sponsor and Naming Partner of Peru’s premier women’s volleyball competition, now officially called the Betsson Peruvian Volleyball League. The 2025/2026 season of the Betsson Peruvian Volleyball League will take place from 25 October 2025 to 3 May 2026, marking the beginning of an exciting new chapter for Peruvian volleyball. This partnership aims to elevate the visibility, professionalism and competitive standards of the sport, strengthening its presence both nationally and internationally. During an official press conference, FPV President Gino Vegas highlighted the key developments of the organisation of the tournament and expressed his enthusiasm for Betsson’s involvement as the league’s new main partner.

The post Gaming Americas Weekly Roundup – October 27-November 2 appeared first on European Gaming Industry News.