Gold Coast Casino Development ss seriously, this targeted approach will not work and will lead our state backward, which could ultimately lead once again to broad-based closures and limitations. I don’t want that, and neither do all of you,” Sisolak warned last week. Table Games At Downstream Casino Frii On a mixed day for gaming stocks, Century Casinos (NASDAQ:CNTY) is one of the names trading noticeably higher, a move hastened by bullish comments from a sell-side analyst. Century Casino Edmonton, one of the venues contributing to the bullish thesis for this stock. (Image: Yellow Pages Canada)Shares of the small-cap regional gaming company are higher by 8. 32 percent in midday trading.

That’s after Stifel analyst Brad Boyer reiterated a “buy” rating on the stock while boosting his price forecast to from . 0 at the bellagio The new target implies the stock could nearly double from last Friday’s close. The stock is up 32. 11 percent over the past month, good for one of the best performances in the gaming industry. reno nugget casino resort That period includes a better-than-expected second-quarter earnings report, and news that the operator is selling a Canadian asset, raising cash, and generating long-term rental income in the process. online gambling texas holdem Looking ahead, we are hard-pressed to find another company in our regional operator coverage better built to endure in a post-COVID world,” said Boyer in a note to clients. firekeepers casino jackson mi

Key Insights and Expert Analysis

Colorado-based Century operates gaming properties in its home state, Missouri, and West Virginia, and has international venues in Canada, Poland, and inviejas casino hotel the UK. wild goose casino Seneca Niagara Casino Check In Time Xehs An Underappreciated StoryEven with the exposure outside the US, the investment community largely views Century as a regional operator and a hyper-local one at that. kansas star casino kansas With Las Vegas and other so-called destination markets still scuffling in the wake of the coronavirus pandemic, the regional designation is favorable for gaming equities these days. seneca niagara casino breakfast But Boyer argues investors aren’t fully appreciating the Century story. “We expect to continue to see a level of resilience in the company’s operations that feels grossly underappreciated in the context of the current trading multiple,” said the analyst. resorts casino draftkings poker casino del sol Raging Bull Casino No Deposit Bonus Codes Fcfk Boyer notes that many of the operator’s properties are in markets where other entertainment options are sparse and that Century generates the bulk of its profits from slot machines, which have higher margins than table games.

Reopenings Going WellCentury reopened all of its Polish casinos in May, and those venues are operating at 100 percent capacity. hard rock casino rules In the Canadian province of Alberta, operations restarted in mid-June, and the company recently got the go-ahead to increase slot capacity by 20 percent and 29 percent, respectively, in Calgary and Edmonton. Restarts in Colorado, Missouri, and West Virginia are proving solid, prompting Boyer to raise his 2020 and 2021 revenue estimates on the company to 8 million and 1 million, up from 0 million and 8 million. thunder valley casino owner Going out to 2022, the Stifel analyst lifts his earnings before interest, taxes, depreciatviejas casino hotelion, amortization, and restructuring or rent costs (EBITDAR) estimate on Century to million from million. “Looking ahead, we expect that as revenues continue to recover, margins will gradually compress from initial post-COVID levels. turtle creek casino win lob statement Our target price moves to ( prior), reflecting the output of our revised 22E sum-of-the-parts analysis,” said Boyer.

Las Vegas Sands (NYSE:LVS) and Wynn Resorts (NASDAQ:WYNN) are among the gaming equities with Macau exposure rallying Monday. That came on news that at least one city in mainland China will resume issuing tourist visas allowing travelers to access the world’s largest casino center. is turtle lake casino open today The Grand Lisboa in Macau. Things could get busier in the gaming centers, thanks to Zhuhai resuming issuance of tourist visas. casino roulette wheel tricks (Image: Business Insider)In midday trading, LVS – the operator of five Macau integrated resorts – and the Wynn Macau and Wynn Palace owner are up more than seven percent and eight percent, respectively. That’s riverwind casino senior day angel of the winds casino concert schedule Captain Jack Casino No Deposit Bonus Codes 2021 Npws