Century Casinos Announce Polish Casino Closures

Century Casinos has been issued a provisional closure order for its Poland-based properties, with a three-week lockout levied across the country as COVID-19 cases continue to climb across the continent.

In addition to the tighter controls in Poland, France has reintroduced a partial lockout, with German Chancellor Angela Merkel warning that a “emergency brake” in the form of tightened measures is a possible and required next step.

To comply with quarantines provided by the country’s government to contain the transmission of the virus, the Colorado Springs-based gaming company has announced the provisional closures of its Polish casinos from March 19, 2021, to April 9, 2021, subject to possible extensions.

Restrictions in place throughout region

The Polish government has introduced stringent sanitary rules and regulations throughout the region, advising citizens to stay at home as much as possible.

Facemasks are needed in open public spaces in the world, with the exception of parks, forestry, and National Parks, as well as confined spaces, public transportation, taxis, and any open space where you cannot sustain a 1.5 metre span.

For the fiscal year ending December 31, 2020, Century Casinos’ operating division contributed 1 percent of the company’s adjusted EBITDA.

In a statement about the closures, the organisation said: “The COVID-19 situation continues to evolve rapidly, and it currently appears that due to the pandemic’s current scope it will adversely impact the company at least through the first half of 2021.”

Century Casinos has recently reported that it expects the current health pandemic to have a detrimental impact on its results during the year, considering the fact that prior investments in the United States improved the company’s performance in 2020.

Recent acquisitions

The purchase of Mountaineer Casino, Racetrack & Spa, Century Casino Cape Girardeau, and Century Casino Caruthersville in December 2019 had a substantial effect on the company’s annual performance, according to the company.

Closures in the first and second quarters of 2020, however, are expected to have a negative effect on sales and adjusted EBITDA of $91.3 million and $34.3 million, respectively.