Free Slots Casino Mobile round,” says Morningstar. Valley Forge Casino Number Twiz “The company plans to expand Wynn Sports’ digital sports-betting offer to Colorado and Indiana in partnership with Scientific Games. best roulette casino in vegas More recently, Wynn tied up with GAN, an Internet gambling software supplier, allowing the latter to provide the platform for Wynn’s online sports betting and casino gaming. ” Regional gaming company Century Casinos is on a tear from its March lows, surging nearly 466 percent over that span. But at least one analyst believes the stock has much more upside ahead, particularly if a “transformative” acquisition comes to pass over the next several months. The sportsbook at the Mountaineer Casino West Virginia, a Century Casinos property.

An analyst thinks the stock can double and more. (Image: WTRF)In a note to clients last Friday, Roth Capital analyst David Bain reiterated a “buy” rating on Century with a 12-month price target. That implies the stock will nearly double from its Oct. 16 close at . 72. paragon casino telephone number A move to would be well above the name’s pre-pandemic peak of .

Key Insights and Expert Analysis

95. Colorado-based Century operates gaming properties in its home state, Missouri, and in West Virginia, and has international venues in Canada, Poland, and in the UK. However, the operator recently sold a Canadian asset, and Bain believes the company can turn its revenue mix to 80 percent US/20 percent Canada by 2022 with some smart acquisitions. admiral casino online academy red stag casino lobby Century is in unique position to benefit from an unprecedented number bovada 100 casino bonusof marketed, underpriced gaming assets,” said the analyst. directions to hard rock casino lake tahoe “We calculate CNTY could comfortably acquire a million earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR) US gaming asset with little to no equity capital consideration. free casino slot games with bonus rounds real money ”Translation: Bain believes the operator can purchase a rival without having to shell out equity, which is preferable for investors, because when companies issue new stock, current shareholders are diluted. seven feathers casino keno red stag casino no rules bonus

The Road to As of the Oct. river spirit casino cabana 16 close, Century has 3. 62 million market capitalization, so even if it doubles in value, as Bain believes it can, it’d still be a small-cap stock. Under any circumstances, a stock doubling is impressive, but approaching a quadruple is obviously moreso. is turtle creek casino open now That could be the case for Century, as Bain sees a road for the name possibly surging to , an undoubtedly impressive feat considering this was a name at its March nadir. island resort and casino dispensary If an accretive acquisition is made, Century could trade at a 4x enterprise value/EBITDA in 2022, compared to 9. Harrah S Cherokee Casino Mask Policy Ibpa

1x for its peers, according to the analyst. “At a two turn discount to peers, CNTY would trade for per share,” said Bain. Broadly speaking, Wall Street is enthusiastic about Century stock, but is an ambitious forecast. 1 Casino Drive Paradise Island Bahamas Uxgu In roughly a decade as a publicly traded entity, the operator has only enjoyed brief moments trading above , never even touching , let alone . winstar world casino reviews river spirit casino mariachi Is Golden Nugget Casino Open Vtsv ‘Transformative’ Deal Cbovada 100 casino bonusould HappenWhile Century is one of the smallest publicly traded gaming outfits in the US, its management team has a reputation for making shrewd deals, and Bain believes another such acquisition could be in the works, saying a “transformative” transaction could be unveiled over the next six months. The analyst notes the combination of larger gaming enterprises either grappling with issues stemming from the COVID-19 pandemic, working to strengthen finances, focusing on iGaming and sports betting, or all of the above, is leaving some assets underpriced, perhaps positioning a company like Century to strike.

“CNTY is one of a handful of companies with the balance sheet capability to pursue such assets, which combined with a proven M&A record/management and portfolio, that such an acquisition could leapfrog its current stock multiple/shareholder base, in our view,” said Bain. is mohegan sun casino open now Massachusetts casinos performed well during their second full month black bear casino coupons foxwoods resort casino human resources