Chukchansi Casino Fresno 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. free slots hot shots I don’t want that, and neither do all of you,” Sisolak warned last week. used casino poker table Draftkings Casino Doesn T Work Jtdh 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. 7 feathers casino entertainment 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. black hawk down casino

That’s after Stifel analyst Brad Boyer reiterated a “buy” rating on the stock while boosting his price forecast to from . 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. mountaineer casino golf course island view casino hurricane ida 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. coushatta casino slot machines 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.

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 inbicycle casino employee portal the UK. 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. casino extreme verification Choctaw Casino Lodge Cucq 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. mohegan sun casino in the poconos But Boyer argues investors aren’t fully appreciating the Century story. pechanga casino online Black Oak Casino Valentine S Day Spun “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. harrah s cherokee casino in room dining 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. 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. Encore Casino Concerts Kpvl 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. Going out to 2022, the Stifel analyst lifts his earnings before interest, taxes, depreciatbicycle casino employee portalion, amortization, and restructuring or rent costs (EBITDAR) estimate on Century to million from million. 7 seven feathers casino “Looking ahead, we expect that as revenues continue to recover, margins will gradually compress from initial post-COVID levels. 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. river spirit casino tribe 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. The Grand Lisboa in Macau. sam s town casino hotel phone number Things could get busier in the gaming centers, thanks to Zhuhai resuming issuance of tourist visas. (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, aliante casino mexican restaurant lucky creek casino legit