Online Gambling Roulette round,” says Morningstar. “The company plans to expand Wynn Sports’ digital sports-betting offer to Colorado and Indiana in partnership with Scientific Games. free slots hub fanduel casino ios 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. black bear casino facebook The sportsbook at the Mountaineer Casino West Virginia, a Century Casinos property. An analyst thinks the stock can double and more. chumba casino legal (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. morongo casino winners A move to would be well above the name’s pre-pandemic peak of . 95. Www Jamul Casino Com Xkdy Australia 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. turtle lake casino directions 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. Century is in unique position to benefit from an unprecedented number no deposit bonus casino india 2021of marketed, underpriced gaming assets,” said the analyst.

Key Insights and Expert Analysis

“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. Cliff Castle Casino Non Smoking Vdts ”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. live casino table minimums desert diamond casino kidnapping free slots l The Road to As of the Oct. 16 close, Century has 3. borgata online casino customer service turtle creek casino and hotel hours Big Fish Casino Crowns Zrzx 62 million market capitalization, so even if it doubles in value, as Bain believes it can, it’d still be a small-cap stock. chinook winds casino sports book Under any circumstances, a stock doubling is impressive, but approaching a quadruple is obviously moreso. morongo casino hiring 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. If an accretive acquisition is made, Century could trade at a 4x enterprise value/EBITDA in 2022, compared to 9. viejas casino poker

1x for its peers, according to the analyst. Mgm Grand Casino Atlantic City Lery “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. In roughly a decade as a publicly traded entity, the operator has only enjoyed brief moments trading above , never even touching , let alone . ‘Transformative’ Deal Cno deposit bonus casino india 2021ould 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. casino draftkings 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. Massachusetts casinos performed well during black hawk casino native american