Brussels (PRWEB) April 8, 2011
Operating and managing a casino in the context of the modern economy may seem like a tall order. But Century Casinos, Inc. (NASDAQ Capital Market and Vienna Stock Exchange: CNTY), that oversees no less than 23 casinos in three major markets, has recently published highly favorable results for fiscal year 2010. Getting behind the scenes on the company's success, Smallcaps.us has conducted an interview with the company's co-CEO, Mr. Peter Hoetzinger, to find out what can be expected in 2011 and beyond.
Mr. Hoetzinger remarks that net operating revenue for fiscal year 2010 increased by 22% compared to the previous year and fourth quarter net operating revenue even increased 29% compared to the same period last year. Part of the Company’s success, as the casino executive notes, are a responsible gaming initiative and a considerable 70% enrollment in customer loyalty programs. He adds that the balance sheet "looks very healthy", as the company has more cash than debt, a rare accomplishment within the casino market.
That market, as the interview reveals, has lots of growth potential, as small to mid-sized casinos help to create jobs and invigorate depressed communities. Mr. Hoetzinger first describes the company's involvement in North American and European gaming markets along with its casino operations aboard luxury cruise vessels. He then touches upon potential investments in Southeast Asia and Switzerland. Further, he talks about the creation of greater market share in Canada and increased profit margins in the United States.
Comprising an accessible, yet data-packed introduction to this interesting company, Smallcaps.us' interview gives investors generous insight.
Smallcaps.us highlights solid and honest companies with a market cap below $100 million. We focus on fundamentally undervalued Companies with real revenues and earnings and we have a special interest in stocks with a high potential, innovative product or service.
Legal Notice Regarding Forward Looking Statements
The interview referenced herein may contain certain "forward-looking statements" within the meaning of applicable securities laws, including without limitation, statements related to the Company’s plans, strategies, objectives, expectations, intentions and adequacy of resources. Investors are cautioned that such forward-looking statements involve risks and uncertainties including without limitation the following: (i) the Company’s plans, strategies, objectives, expectations and intentions are subject to change at any time at the discretion of the Company; (ii) the Company’s plans and results of operations will be affected by the Company’s ability to manage its growth, and (iii) other risks and uncertainties indicated from time to time in the Company’s public filings.
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