Polish casinos are shut down by Century amid security precautions

Gambling News

Polish casinos are shut down by Century amid security precautions

A temporary closure order has been issued for Century Casinos' roster of Poland-based establishments, and a three-week lockdown has been enforced across the country. This comes at a time when the number of COVID-19 instances is dramatically increasing across various regions of the continent.

With the increased restrictions in Poland, France has also restored a partial lockdown, with German Chancellor Angela Merkel being reported as saying that a "emergency brake" via the application of tightening measures is likely to be an upcoming move that is both essential and necessary.

The gaming operator with headquarters in Colorado Springs has announced that it will temporarily close all of its casinos in Poland from March 19, 2021, to April 9, 2021, with possible extensions, in order to comply with quarantines issued by the government of Poland to contain the spread of the virus. These closures are subject to potential extensions.

The government of Poland has imposed stringent sanitary laws and limitations to be in place across the country, and citizens are being strongly encouraged to remain indoors whenever it is safe to do so.

Masks are required to be worn in open public spaces across the country, with the exception of parks, forests, and National Parks. Masks are also required to be worn in enclosed spaces, on public transportation, in taxis, and in open spaces where you are unable to maintain a distance of 1.5 meters from other people.

During the fiscal year that concluded on December 31, 2020, the operational segment of Century Casinos generated one percent of the company's adjusted EBITDA.

In a statement providing an update on the closures, the organization said, "The COVID-19 situation continues to evolve rapidly, and it currently appears that due to the pandemic's current scope, it will adversely impact the company at least through the first half of 2021." [C]oVID-19 is a virus that causes severe respiratory illness and can be transmitted from person to person.

Century Casinos has said in the past that it anticipated that the negative effect of the continuing health pandemic would continue hindering its performance throughout the year, despite the fact that preceding acquisitions in the United States increased the profitability of the group throughout the year 2020.

The firm said that the acquisition of Mountaineer Casino, Racetrack & Resort, Century Casino Cape Girardeau, and Century Casino Caruthersville in December 2019 had a substantial influence on the annual performance of the business.

On the other hand, it anticipated that the closures that occurred during the first and second quarters of 2020 had a negative impact on sales and adjusted EBITDA of about $91.3 million and $34.3 million, respectively.