CENTURY CASINOS INC /CO/ 8-K

What Happened

• Century Casinos, Inc. (CNTY) announced that its Audit Committee approved the dismissal of Grant Thornton LLP, notifying GT on May 22, 2026. The committee appointed Ernst & Young LLP (EY) on May 22, 2026 as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2026.
• GT’s audit reports for the fiscal years ended December 31, 2025 and December 31, 2024 were unmodified (no adverse opinion, disclaimer, or qualifications). The company disclosed material weaknesses in internal control over financial reporting related to impairment-testing inputs and assumptions (as reported in its Form 10-Q filed May 7, 2026), which led to restatements of the 2024 consolidated financial statements and certain 2025 interim statements. A letter from GT dated May 28, 2026 was filed as Exhibit 16.1.

Key Details

• Audit Committee approved GT’s dismissal on May 21, 2026; GT was notified on May 22, 2026.
• EY was appointed on May 22, 2026 to audit Century Casinos’ consolidated financials for the 2026 fiscal year.
• GT’s audits for FY2025 and FY2024 were unqualified; there were no disagreements or reportable events with GT except the disclosed material weaknesses that caused prior restatements.
• Century and its advisors did not consult EY on accounting or auditing matters during the two most recent fiscal years or the interim period through May 22, 2026.

Why It Matters

• A change of independent auditor is material because it can affect investor confidence in financial reporting and signals a new firm will audit upcoming results.
• The disclosed material weaknesses and resulting restatements are substantive control issues investors should monitor; remediation progress and EY’s 2026 audit findings will be important for assessing the reliability of future financial statements.
• GT’s unmodified opinions and lack of formal disagreements provide some continuity, but the appointment of a Big Four firm (EY) may reflect the company’s response to strengthen audit oversight.