Harrah S Casino Yelp e first three months of the year due in large part to some strength in the VIP segment. On the other hand, Las Vegas Sands, the largest Macau operator, caters more to mass and premium mass players. raging bull casino cashier morongo casino weather seven feathers casino food Still, analysts remain enthusiastic about the Parisian Macau owner, saying it’s likely to gain market share in its own right as travel trends begin to normalize. Century Casinos (NASDAQ:CNTY) was active last week, and all that activity prompted a 37 percent spike in the stock, even with a 4. 13 percent decline last Friday. Acquisitions should drive higher profits for Century Casinos, say analysts. (Image: KFVS12 News)In addition to delivering first-quarter results, the company announced that its eight gaming properties in Poland are reopening following coronavirus closures, while adding that it inked a deal for online sports with bet365 in its home market of Colorado. top 3 online blackjack casino

With acquisitions announced last year expected to bolster earnings in 2020, and more of the operator’s regional properties coming back online in the wake of COVID-19, analysts are increasingly bullish on Century. mohegan sun casino parking That’s even though the stock is higher by 50. gold coast casino bingo schedule 15 percent over the past month. Despite COVID-19 disruption, our CY21 earnings before, interest, taxes, depreciation and amortization (EBTIDA) estimate remains ~177% above CY19, primarily driven by its Missouri and West Virginia casino acquisitions, which also changes CNTY’s CY21E U. S. Mountaineer Casino West Virginia Website Mjix EBITDA mix to ~65% from 28% in CY19,” said Roth Capital firekeepers casino and covidanalyst David Bain in a note obtained by Casino. the scarlet pearl casino org.

Key Insights and Expert Analysis

The purchases the analyst is referring to are Century last year agreeing to purchase the operating rights of the Mountaineer Casino Racetrack and Resort in West Virginia, and the Isle Casino Cape Girardeau and Lady Luck Casino – both in Missouri – from Eldorado Resorts (NASDAQ:ERI). Deals Could Pay DividendsPrior to those buys, the bulk of Century’s domestic footprint was confined to the Centennial, meaning its getting important geographic diversity with the Missouri and West Virginia venues. l auberge casino vs golden nugget hard rock casino yuba city jobs In today’s coronavirus environment, the additions to Century’s portfolio are useful for another reason: gaming properties in the Show Me and Mountain States are slated to reopen in the first week of June, while there’s still little visibility as to when Colorado will follow suit. Bain notes the performance of the venues Century purchased from Eldorado was topping expectations prior to the nationwide closures forced by the coronavirus. free slots 88440 “Pre-casino closure EBITDA performance from acquired Eldorado (ERI-Buy) properties was trending well-above consensus expectations, and builds the case for stock multiple expansion, particularly as some investors believed Eldorado, which has a strong track record of optimizing value, may have already maximized the portfolio potential,” said the analyst. Canada, ColoradoCentury is major operator in Canada, and as is the case with Colorado, it’s not clear when the company’s properfirekeepers casino and covidties there will reopen. But there is some talk gamblers could return to those venues over the coming weeks. free slot machines to play no download Poker Casino In Cyprus Cegi

Bain said the company expects its Centennial State gaming properties will be open by the middle of next month, with the Alberta, Canada casinos following in the back half of June. Is Mgm Casino Open 24 Hours Yydw The operator probably burned million in May, with most of its properties closed for more than half the month. wild casino payout It needs almost million to get all of its venues up and running again, which should leave it with million in cash. mohegan sun casino twitter casino roulette minimum bet “Now it has been clearly documented, to-date patron reception to regional casino openings has been strong,” said Bain. no deposit bonus casino 2021 south africa “CNTY management noted that over its 40 years operating casinos, the industry has recovered from all ‘crises’ stronger over time, particularly in hyper-local markets. raging bull casino no rules bonus Riversweeps Add Money Fbya ”The analyst has a “buy” rating and price target – more than double last Friday’s close – on Century stock. A change to the