Century casinos reports q1 loss per share of $1.55

Century casinos, inc. announces first quarter 2020 results.q1 loss per share $1.55.q1 revenue $87.7 million versus refinitiv ibes estimate of $96.9 million.q1 earnings per share estimate $0.01 -- refinitiv ibes data.qtrly net operating revenue was $87.7 million, compared to $45.6 million for three months ended march 31, 2019, an increase of 92%.covid-19 pandemic has had an adverse effect on company's q1 2020 results of operations and financial condition.reopened its poland casinos on may 18, 2020.anticipating reopening most of its other locations beginning in june 2020 and no later than august 2020.expect covid-19 pandemic situation will have an adverse impact on our q2 2020 results.permanently closed century casino bath in march 2020.four of ship-based casinos that company operated prior to their closures in march 2020 will not reopen.century casinos - will continue to pay benefits to its united states and canadian employees, inclusive of part time employees, through may 2020.as of april 30, 2020, company had $50.0 million in cash on hand.currently is not generating any revenue from its properties.century casinos - estimates that net cash outflow during time operations continue to be fully suspended will be, on average, about $8.0 million/month.century casinos - estimates that co will need about $19.8 million to reopen operations and cover short-term cash needs at casinos.
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