Reopening Of Twin River Casino g. So, too, would Resorts World at its Aqueduct racino. A weakened Cuomo may not be able to get – or stop – what he chooses this time around. Century Casinos (NASDAQ:CNTY) stock surged 9. 43 percent on Friday, racing to a new 52-week high. american poker 90 s casino hack 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. table games casino covid Borgata Casino War Afqi (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.

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. tropicana expreb hotel casino laughlin nevada morongo casino resort spa zoominfo 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. Investors appeared to applaud that revelation, as well as the shares climbing on more than double the average daily volume yestecashman casino 2021rday. online casino party poker 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. 25 million. However, that metric belies what some market observers believe is a big-time story. slots casino jackpot mania free coins 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. online casino 300 welcome bonus The company previously said it could go shopping for attractively priced domestic regional casinos in the back half of this year. vip club player casino

Key Insights and Expert Analysis

“The catalyst path to re-rate higher looks rich, with a Poland sale and further US acquisitions both potential 2021 events,” said Wieczynski. In the US, Century’s roster consists of casinos in its home state of Colorado, as well as Missouri and West Virginia. Poker A Casinos Hfac As of Dec. c rewards casino 31, 2020, the company had . 4 million in cash and cash equivalents on its balance sheet. That stockpile increased . ruby slots vip Silver Oak Casino Coupons Xdhc 6 million in a year. boulder station casino reviews 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. CNTY’s US assets are likely pacing ahead of our prior model,” said Wieczcashman casino 2021ynski. chukchansi casino grupo firme

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. silver oak casino app 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. keluaran mgm casino Caesars Palace Las Vegas. online casino real money las atlantis Mgm Casino Washington Dc Restaurants Trmx That company and rival Penn National are joining the S&P 500. live casino rewards (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. Of the four