Century Casinos North American Property Footprint and East Region Market Overview
NEXT STAGE OF GROWTH
Forecast 2024 Available Cash
2024 Starting Cash
Cash in Casinos (estimate)
Capex Maintenance¹
$171.3
($42.0)
($7.2)
Capex Projects (non-recurring)1
($25.0)
Caruthersville Project (non-recurring)²
($19.4)
Cash Tax (Canada Real Estate Sale) (non-recurring)³
($19.0)
Debt Repurchase (non-recurring)
($3.4)
2024 Available Cash4
$55.3
In USD, in millions
CENTURY™
CASINOS
The Company estimates 2024 capital expenditures, inclusive of maintenance capital expenditures and capital expenditure projects but excluding the Caruthersville Project, to be between $32.2 million and $43.6 million. The
table above presents the lowest capital expenditure estimate.
The Caruthersville Project is financed by VICI PropCo. The $19.4 million represents the amount previously funded by VICI PropCo as of December 31, 2023 that has not yet been spent on the Caruthersville Project. The
Company estimates that the remaining funds for the project will be funded by VICI PropCo and used by the Company during 2024.
1.
2.
3.
Estimated remaining tax payments on the Canada Real Estate Sale. Includes Canadian tax on the sale and repatriation tax.
4.
Available Cash does not include cash from operations or other uses of cash.
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