Sloto Cash Casino Instant Play 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. Boulder Station Casino Sports Book Hours Wste 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. raging bull casino no deposit welcome bonus (Image: Yellow Pages Canada)Shares of the small-cap regional gaming company are higher by 8. lucky 9 online casino 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 . resorts casino queens phone number soaring eagle casino winners 2020 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. pechanga casino images 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. 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. 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. tangiers casino 50 no deposit bonus 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. Brian Christopher Slots On Youtube His Newest One Nwpl 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. golden palace casino tattoo free slot games for iphone 8 Hollywood Casino Aurora Hvxi But Boyer argues investors aren’t fully appreciating the Century story.

Key Insights and Expert Analysis

“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. free 5 slots no deposit Oxford Casino Phone Number Mvfk 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. 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. pechanga casino dreb code 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. caesar casino in atlantic city free slots 22 seneca niagara casino events schedule “Looking ahead, we expect that as revenues continue to recover, margins will gradually compress from initial post-COVID levels. black oak casino reviews 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. jackson rancheria casino jobs The Grand Lisboa in Macau. boomtown casino website 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,