Century Casinos to Restate Financials After Discovering Material Error

Reuters

Nov 11

Century Casinos to Restate Financials After Discovering Material Error

Century Casinos Inc. announced that it will restate its previously issued financial statements for the year ended December 31, 2024, and the quarters ended March 31 and June 30, 2025, due to a material error in the calculation of the carrying value of invested capital for its Rocky Gap reporting unit. This error resulted in an understated impairment of goodwill. The company advised investors not to rely on the affected financial statements or related communications, as the restatement will increase goodwill impairment expense by approximately $26.5 million and increase net loss attributable to shareholders by about $25.4 million. Century Casinos has discussed the matter with its independent auditor, Grant Thornton LLP, and is working to correct the issue.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Century Casinos Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000911147-25-000044), on November 10, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Century Casinos Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000911147-25-000044), on November 10, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CNTY","symbol_name":"世纪赌场","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251110:nNDL3hznwQ:1","article_id":"2582780743","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2582780743","pubTimestamp":1762808498,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Century Casinos Inc. announced that it will restate its previously issued financial statements for the year ended December 31, 2024, and the quarters ended March 31 and June 30, 2025, due to a material error in the calculation of the carrying value of invested capital for its Rocky Gap reporting unit. This error resulted in an understated impairment of goodwill. The company advised investors not to rely on the affected financial statements or related communications, as the restatement will increase goodwill impairment expense by approximately $26.5 million and increase net loss attributable to shareholders by about $25.4 million. 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