Soaring Eagle Casino Wedding g. So, too, would Resorts World at its Aqueduct racino. doubledown casino pinterest A weakened Cuomo may not be able to get – or stop – what he chooses this time around. Century Casinos (NASDAQ:CNTY) stock surged 9. brian christopher slots home 43 percent on Friday, racing to a new 52-week high. That came a day after the regional gaming company reported fourth-quarter earnings before interest, taxes, depreciation and amortization (EBITDA) that beat Wall Street forecasts. Century Casino in Cripple Creek, Colo.

Trends are looking up for the operator. black hawk casino rv park (Image: Colorado Advantage)On Thursday, the Colorado-based gaming company reported adjusted EBITDA in the October through December period of . 7 million, up 227 percent from the year earlier period. valley forge casino employment opportunities Temporary closures of the operator’s venues in Canada and Poland led to a miss of analysts’ revenue estimates. But investors clearly cheered the EBITDA beat and Century’s developing margin expansion story. santa ana star casino in albuquerque We think CNTY remains an attractive way to invest in the margin expansion and pent-up demand thesis we have highlighted across our research, with shares trading at just ~7x despite most peers testing record multiples,” said Stifel analyst Steven Wieczynski in a note to clients Friday. He rates Century stock a “buy” and boosted his price target on the name to from , implying upside of almost 20 percent from the March 12 close.

Key Insights and Expert Analysis

Investors appeared to applaud that revelation, as well as the shares climbing on more than double the average daily volume yestecashman casino 2021rday. Plenty of Catalysts for Century StockUp nearly 116 percent over the past year, the regional gaming company is still one of the smallest publicly traded casino operators in the US, with a market capitalization of 6. Scarlet Pearl Casino Jobs Diberville Ms Kdtd 25 million. However, that metric belies what some market observers believe is a big-time story. wild horse pab casino in phoenix poker casino as Including a possible sale of its Poland assets and the possibility of bolt-on purchases in the US, Century is seen as a catalyst-rich story among analysts. scarlet pearl casino rooms The company previously said it could go shopping for attractively priced domestic regional casinos in the back half of this year. “The catalyst path to re-rate higher looks rich, with a Poland sale and further US acquisitions both potential 2021 events,” said Wieczynski. is zynga poker site down

In the US, Century’s roster consists of casinos in its home state of Colorado, as well as Missouri and West Virginia. As of Dec. Red Stag Casino Free Spins Jxge 31, 2020, the company had . 4 million in cash and cash equivalents on its balance sheet. That stockpile increased . 6 million in a year. Doubledown Casino Cheat Codes Dcxo Bullish OutlookCentury management noted margin expansion trends can prove long-lasting, and it’s optimistic that as more folks in the 55-and-up age demographic receive COVID-19 vaccinations, traffic trends at its US properties will continue improving.

“Management noted Q1 results in the US are encouraging thus far, though February was impacted by ~7-10 days of adverse weather. Free Online Poker Texas Hold Em Multiplayer Rbdl Australia CNTY’s US assets are likely pacing ahead of our prior model,” said Wieczcashman casino 2021ynski. Century stock could use the benefit of a strong recovery at domestic gaming venues, because, as Wieczynski notes, Canadian casinos could remain closed until April 15, and it’s possible the Poland properties are shuttered again. island view casino hotel gulfport Shares of Caesars Entertainment (NASDAQ:CZR) and Penn National Gaming (NASDAQ:PENN) are trading to the upside in Friday’s after-hours session. That’s on news that the pair of high-flying gaming stocks are heading to the S&P 500. Caesars Palace Las Vegas. That company and rival Penn National are joining the S&P 500. casino golden palace san isidro wynn las vegas sky casino draftkings casino ohio nugget casino resort reno buffet

(Image: Denise Truscello/National Real Estate Investor)In a statement issued after the close of US markets today, S&P Dow Jones Indices — curator of the S&P 500 — said Caesars and Penn are two of four stocks joining the widely followed equity gauge. Generac Holdings (NYSE:GNRC) and NXP Semiconductor (NASDAQ:NXPI) are the other two. casino empire black bear casino pool Of the four