Century Casinos Changes Auditor Amidst Material Weakness and Restatements
Summary
Century Casinos replaced its auditor, Grant Thornton, with Ernst & Young, a move directly linked to material weaknesses in internal controls and financial restatements.
Key Events
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Auditor Dismissed
Grant Thornton LLP was dismissed as the independent registered public accounting firm on May 22, 2026.
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Material Weaknesses Cited
The dismissal follows previously disclosed material weaknesses in internal controls over financial reporting, which resulted in restatements of 2024 and 2025 financial statements.
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New Auditor Appointed
Ernst & Young LLP has been appointed as the new independent registered public accounting firm for the fiscal year ending December 31, 2026.
Analysis
The company dismissed Grant Thornton LLP as its independent auditor following previously disclosed material weaknesses in internal controls over financial reporting, which led to restatements of prior financial statements. Ernst & Young LLP has been appointed as the new auditor. This change highlights ongoing concerns about the company's financial reporting integrity and internal controls, which could impact investor confidence.
At the time of this filing, CNTY was trading at $1.34 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $37.8M. The 52-week trading range was $1.23 to $2.85. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.