Century Casinos Gets Nasdaq Notice Over $35 Million Market Value Rule

What happened

Century Casinos, Inc. (Nasdaq: CNTY), a Colorado Springs-based casino operator, disclosed in a Form 8-K filed October 23, 2026, that it received a deficiency notice from Nasdaq Listing Qualifications staff dated October 19, 2026.

According to the filing, the company's common stock did not maintain the minimum Market Value of Listed Securities (MVLS) of $35 million required by Nasdaq Listing Rule 5550(b)(2) for the prior 30 consecutive business days.

The filing states the notice has no immediate effect on the listing of Century Casinos' common stock on the Nasdaq Capital Market.

The stock closed at $0.77 on the event date, down 1.28% from the prior close of $0.78, according to the price data.

The compliance window

Under Nasdaq Listing Rule 5810(c)(3)(C), the company has 180 calendar days, or until April 19, 2027, to regain compliance.

The filing says compliance can be regained by having MVLS close at $35 million or more for a minimum of 10 consecutive business days before that date, subject to the staff's discretion to require a longer period under Rule 5810(c)(3)(H).

The company may also regain compliance by meeting alternative continued listing standards under Rule 5550(b): stockholders' equity of at least $2.5 million under Rule 5550(b)(1), or net income from continuing operations of $500,000 under Rule 5550(b)(3).

If compliance is not regained by the deadline, the filing says the staff will provide written notification that the common stock is subject to delisting. The company could appeal a delisting determination to a hearings panel, though the filing states there can be no assurance such an appeal would be successful.

The filing says the company intends to actively monitor its MVLS and plans to evaluate available options to resolve the deficiency.

What this means

A Form 8-K is a current report that public companies file with the SEC to disclose material events between quarterly reports. Item 3.01 is the specific item for notice of a delisting or a failure to satisfy a continued listing rule, which is what Century Casinos reported here.

Market Value of Listed Securities is not the same as share price. It is the total value of the company's listed common stock, calculated by multiplying the share price by the number of shares outstanding. A company can have a low share price and still pass the test if it has many shares, or a high share price and fail if it has few. Nasdaq's $35 million threshold is one of three alternative standards under Rule 5550(b); the company only needs to satisfy one of them to stay listed.

A deficiency notice is a warning, not a delisting. The 180-day period is a cure window. If the company regains compliance within it, the matter is typically closed. If not, Nasdaq issues a delisting determination, which the company can appeal.

The filing does not explain why the company's MVLS fell below the threshold. It only states the factual deficiency and the available remedies.