Operator

Good day, everyone, and welcome to today's Century Casinos Q1 2026 Earnings Call. [Operator Instructions] Please note, this call is being recorded, and I will be standing by if you should need any assistance.

It is now my pleasure to turn the conference over to Peter Hoetzinger. Please go ahead.

Peter Hoetzinger
Vice Chairman, Co-CEO & President

Good morning, everyone. Thank you for joining our earnings call. Before we start, we'd like to remind everyone that we will be discussing forward-looking information under the safe harbor provisions of the U.S. federal securities laws. The company undertakes no obligation to update or revise the forward-looking statements, and actual results may differ from those projected.

Throughout the call, we refer to several non-GAAP financial measures, including, but not limited to, adjusted EBITDA. Reconciliations of our non-GAAP measures to the appropriate GAAP measures can be found in our news releases and SEC filings available in the Investors section of our website at cnty.com.

With me today are my Co-CEO, Erwin Haitzmann; and our Chief Financial Officer, Margaret Stapleton. After our prepared remarks, we'll open the call for questions from analysts.

I'm pleased to report that our diversified portfolio delivered a strong solid quarter as net operating revenue increased by 5%. That is an all-time record for us. We never had higher revenues in the first quarter in the history of the company. Congrats to all staff members and the management teams