Is Winstar Casino Pet Friendly round,” says Morningstar. “The company plans to expand Wynn Sports’ digital sports-betting offer to Colorado and Indiana in partnership with Scientific Games. table games at the casino 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. the encore casino in boston ” 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. Draftkings Casino App Promo Code Kviu 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. doubledown casino fort knox free coins Online Casino 5 Pound Deposit Efhm A move to would be well above the name’s pre-pandemic peak of . 95. choctaw casino travel plaza morongo casino las vegas Gold Coast Casino Accommodation Cbke 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.

Key Insights and Expert Analysis

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 bovada 100 casino bonusof marketed, underpriced gaming assets,” said the analyst. caesar casino biloxi “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. ”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. The Road to As of the Oct. san manuel casino online play 16 close, Century has 3. sloto cash casino australia nearest casino in emporia 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. 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. morongo casino live music If an accretive acquisition is made, Century could trade at a 4x enterprise value/EBITDA in 2022, compared to 9. live casino jobs hanover md 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. nugget casino reno promo code 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 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 kansas star casino still open soaring eagle casino upcoming concerts Jamul Casino Bus Schedule Chula Vista Lxft Massachusetts casinos performed well during their second full month cliff castle casino promotions live casino texas holdem poker