Century Casinos, a well-established gaming company, has reaffirmed that the potential sale of its Polish business is still under consideration. Despite previous speculations and discussions surrounding the sale, the company has confirmed that the option to divest its Polish operations is still on the cards.
The decision to explore the possibility of selling its Polish business comes as Century Casinos continues to assess its strategic options and focus on optimizing its global portfolio. While no definitive agreement has been reached yet, the company is actively reviewing potential opportunities and evaluating the best course of action for its business in Poland.
The Polish market presents both opportunities and challenges in the gaming industry, and Century Casinos aims to make informed decisions that align with its long-term growth strategy. The company’s focus on expanding its presence in other markets while optimizing its portfolio makes the potential sale an option worth considering.
“Century Casinos’ management is actively evaluating the possibility of selling our Polish business. As a global gaming company, we consistently assess our operations to ensure they align with our strategic goals and offer the best value for our shareholders,” stated the spokesperson for Century Casinos.
The company’s operations in Poland have been a part of its diverse portfolio, but recent developments have prompted a closer review of its market position and future prospects. Century Casinos remains committed to making prudent business decisions that support its growth objectives and shareholder value.
As the gaming industry continues to evolve and adapt to changing market dynamics, strategic moves like potential divestitures become an integral part of companies’ growth strategies. By exploring the sale of its Polish business, Century Casinos aims to position itself for further success in other key markets while ensuring its resources are effectively allocated.
While discussions are ongoing
Century Casinos remains focused on delivering exceptional gaming experiences to its customers and pursuing opportunities that drive innovation and growth in the gaming industry.
The potential sale of Century Casinos’ Polish business is subject to regulatory approvals and further negotiations. Industry stakeholders and investors will be closely monitoring the developments surrounding this decision, as it could have implications for the company’s future direction and market presence. As Century Casinos continues to evaluate its strategic options, updates on the potential sale will be awaited with keen interest by the gaming community.
“We see great value in our Polish business, and whether we decide to dispose of it or keep it will depend on the value we can attain from a potential sale,” remarked Hoetzinger.
Looking ahead to Q3, Hoetzinger expressed satisfaction with the ongoing recovery of Century’s Polish properties, particularly highlighting the robust performance of casinos located outside the capital. He pointed out that the casinos in Warsaw are expected to make a strong comeback in Q4, benefiting from the resurgence of international tourist and convention activities.
Hoetzinger underscored the historical strength of the company’s two operations in Warsaw, situated in the Marriott and Hilton Hotels, which have traditionally outperformed the casinos located outside the capital. He emphasized that any improvement in the performance of the Warsaw properties would have a significant positive impact on the overall financial results for Poland as a whole.
