Equity Investment

9 Months Ended

Sep. 30, 2022

Equity Investment [Abstract]

Equity Investment

3. EQUITY INVESTMENT

Following is summarized financial information regarding Smooth Bourbon as of September 30, 2022:

	For the three months ended		For the nine months ended
Amounts in thousands	September 30, 2022		September 30, 2022
Operating Results
Net operating revenue	$	3,959	$	7,729
Earnings from continuing operations	$	3,725	$	7,475
Net earnings	$	2,142	$	4,268
Net earnings attributable to Century Casinos, Inc.	$	1,071	$	2,134

The Company’s maximum exposure to losses at September 30, 2022 was $94.0 million, the value of its equity investment in Smooth Bourbon.

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Changes in the carrying amount of the investment in Smooth Bourbon for the nine months ended September 30, 2022 are presented in the table below.

Amounts in thousands		Balance at ‎January 1, 2022		Acquisition		Equity Earnings		Dividend		Balance at September 30, 2022
Smooth Bourbon	$	—	$	95,000	$	2,134	$	(3,116)	$	94,018