Revenue during the quarter grew 13.62 percent to $36.28 million from $31.93 million in the previous year period. Gross margin for the quarter expanded 466 basis points over the previous year period to 10.22 percent. Total expenses were 89.78 percent of quarterly revenues, down from 94.44 percent for the same period last year. This has led to an improvement of 466 basis points in operating margin to 10.22 percent.

Operating income for the quarter was $3.71 million, compared with $1.78 million in the previous year period.

However, the adjusted operating income for the quarter stood at $3.74 million compared to $1.78 million in the prior year period. At the same time, adjusted operating margin improved 475 basis points in the quarter to 10.31 percent from 5.56 percent in the last year period.

"2016 was a tremendous year for Century Casinos with net operating revenue and Adjusted EBITDA reaching all-time record levels. The year ended with a strong fourth quarter, with all major operating regions posting solid increases in net operating revenue and Adjusted EBITDA compared to the fourth quarter of 2015: in local currencies, Canada increased 8% and 43%, the United States increased 11% and 38% and Poland increased 23% and 52%, respectively," Erwin Haitzmann and Peter Hoetzinger, Co chief executive officers of Century Casinos, said. "The refurbishment of the VIP rooms at Century Casino & Hotel Edmonton, the acquisition of Century Casino St. Albert and the addition of three ship-based casinos have already generated positive results and will help us grow further."