SCHEDULE: Royce & Associates Discloses 5.38% Stake in Century Casinos

Royce & Associates LP has reported a passive beneficial ownership of 5.38% in Century Casinos, Inc., holding 1,585,158 shares of common stock as of December 31, 2025.

Summary

• Royce & Associates LP, an investment adviser, filed an Amendment No. 8 to Schedule 13G regarding its beneficial ownership in Century Casinos, Inc.
• The filing reports beneficial ownership of 1,585,158 shares of Century Casinos, Inc. common stock.
• This represents 5.38% of the class of securities.
• Royce & Associates LP holds sole voting power and sole dispositive power over all 1,585,158 shares.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Century Casinos, Inc.

Sentiment

Score: 6

Explanation: Neutral to slightly positive. The filing itself is a routine disclosure of a passive stake, which is neutral. However, the continued significant stake by a reputable investment adviser like Royce & Associates can be seen as a minor positive signal of institutional confidence.

Positives

• A significant institutional investor, Royce & Associates LP, maintains a substantial stake (5.38%) in Century Casinos, Inc., indicating continued confidence in the company.
• The filing is an amendment, suggesting ongoing monitoring and disclosure by a long-term investor.

Future Outlook

This filing, a Schedule 13G, does not contain any forward-looking statements or guidance from Century Casinos, Inc. It solely reports the beneficial ownership position of Royce & Associates LP.

Management Comments

• The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
• Royce & Associates LP disclaims any pecuniary interest in any of the securities reported in this Schedule 13G.
• The filing of this Schedule 13G on behalf of Royce & Associates LP should not be construed as an admission that it is, and it disclaims that it is, the beneficial owner, as defined in Rule 13d-3, of any of such securities.

Industry Context

This filing indicates continued institutional interest in the casino and gaming industry, specifically in Century Casinos, Inc. It reflects an investment adviser's passive stake within the sector, rather than providing broader industry trends or competitive analysis.

Comparison to Industry Standards

• This filing is a standard disclosure of beneficial ownership by a passive investor, common across all industries for institutional investors holding over 5% of a company's stock.
• Royce & Associates LP is a well-known investment adviser specializing in small-cap and mid-cap companies, and their continued stake suggests they see value in Century Casinos, Inc. relative to their investment criteria and industry peers.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional shareholder's stake, potentially influencing investor sentiment.

Next Steps

• Royce & Associates LP will continue to monitor its investment in Century Casinos, Inc. and file amendments to Schedule 13G as required by regulatory guidelines.

Key Dates

Recommendation

This Schedule 13G filing is a routine disclosure of a passive ownership stake by an investment adviser. It does not contain new financial performance data, strategic updates, or material events that would warrant a change in investment recommendation. The continued holding by Royce & Associates LP suggests a stable, long-term view, but without additional company-specific news, a 'hold' recommendation is appropriate for existing investors.

Keywords

Century Casinos, Royce & Associates, Schedule 13G, Beneficial Ownership, Common Stock, Investment Adviser, Casino Industry, Gaming