A Sea of red hits Century first qtr earnings and we’re not talking Flames fans or Liberal supporters. CEO states adverse weather and not a leap year were contributing factors, not MACRO economics, the excuse of last qtr.
CANADIAN operations in US dollars compared to first qtr 2024.
Gaming revenue down 10.3%,parimutuels/igaming/sports betting down 9.3%,
Net operating revenue down 9.9%, net loss to shareholders 61k down 105.4%.
NET overall operations loss 1st qtr 20.6 mil (25) versus 13.5 mil (24)
Cash reserves on hand may 1/25 84.7 mil, jan 1/25 98.7 mil, down 14 mil
CANADIAN exchange rate improving 6.5% versus 1st qtr/24 effected earnings
2025 and beyond concerns, Parson Rd casino near Century Mile and Bill 48 igaming that will adversely effect HRA racinos funding formula.
TARP PAUL Ryneveld as the new director of business development and racing support was found in racing program as HRA drops the whip again with no announcement, job competition and omitted in HRA contact list. MARCOMN study at a $400k expense yields $650k increase in admin costs in 2024!
HASTINGS with short fields and only 6 races bets double Mile handle on Saturday,Mat 10, 2025. Is the industry contracting, as all these numbers show declines.
A Sea of red hits Century first qtr earnings and we’re not talking Flames fans or Liberal supporters. CEO states adverse weather and not a leap year were contributing factors, not MACRO economics, the excuse of last qtr.
CANADIAN operations in US dollars compared to first qtr 2024.
Gaming revenue down 10.3%,parimutuels/igaming/sports betting down 9.3%,
Net operating revenue down 9.9%, net loss to shareholders 61k down 105.4%.
NET overall operations loss 1st qtr 20.6 mil (25) versus 13.5 mil (24)
Cash reserves on hand may 1/25 84.7 mil, jan 1/25 98.7 mil, down 14 mil
CANADIAN exchange rate improving 6.5% versus 1st qtr/24 effected earnings
2025 and beyond concerns, Parson Rd casino near Century Mile and Bill 48 igaming that will adversely effect HRA racinos funding formula.
TARP PAUL Ryneveld as the new director of business development and racing support was found in racing program as HRA drops the whip again with no announcement, job competition and omitted in HRA contact list. MARCOMN study at a $400k expense yields $650k increase in admin costs in 2024!
HASTINGS with short fields and only 6 races bets double Mile handle on Saturday,Mat 10, 2025. Is the industry contracting, as all these numbers show declines.