Encore Casino Fight on behalf of the workers who filed NLRB complaints that Red Rock’s action were “so serious and substantial in character” that a fair election in the future cannot be held. Should the NLRB agree that Red Rock violated employee rights, Overstreet recommends remedying the issue by casting votes on behalf of workers based on “employees’ past signing of cards authorizing the union to represent them. ”Overstreet concludes that “is the best measure of whether they wish to be represented by the union. ” Century Casinos (NASDAQ:CNTY) stock soared 22. 12 percent this week after the regional gaming company easily surpassed second-quarter earnings and revenue estimates. no deposit bonus casino philippines That prompted at least one analyst to say there’s more upside available with the already hot shares. Blackjack Online No Download Krpq Century Casinos’ Cape Giraradeau, Mo. venue.

Wall Street is excited about the stock. mohegan sun casino pocono promotions Caesar Casino Sportsbook Egdf (Image: KFVS12)The Colorado-based operator reported adjusted earnings before interest, taxes, depreciation and amortization of . 2 million on net operating revenue of . 2 million for the June quarter. Adjusted earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR) beat the consensus estimate by 36 percent. Century’s impressive results underscore strength in the company’s US operations, because its casinos in Canada and Poland — two of its marquee international markets — were shuttered for most of the quarter. Its Poland venues reopened in late riverwind casino slot machinesMay, followed by some of its Canada casinos on June 10. The second quarter ended on June 30.

Key Insights and Expert Analysis

CNTY’s international assets were closed for most of Q2, though initial results post-opening outpaced expectations, while regional gaming demand in the US remained robust,” said Stifel analyst Jeffrey Stantial in a note out Friday. “Strength in the consumer, in the US and international appears to have continued into July, though visibility thereafter remains limited as savings/stimulus potentially unwind. online casino poker ”Stantial rates Century a “buy” with a price target, implying upside of 38. black hawk casino hotel colorado 7 percent from the Aug. 6 close. bovada casino games rigged The stock is up 114. 24 percent year-to-date. free online slots instant play chinook winds casino lincoln city Century Stock Has Sustainable TrendsAs is the case with so many gaming companies, particularly regional operators, Century employed cost-cutting measures immediately following the onset of the coronavirus pandemic, leading to significant margin expansion.

Now, analysts and investors are pondering the sustainability of those moves. free online games slots 777 In the case of Century, it appears as though the company can operate in leaner fashion as business normalizes. That could be to the benefit of shareholders. “Management’s commentary on sustainable operating trends was encouraging, as they believe most changes made to the operating cost structure should prove permanent, with adjusted EBITDA remaining well above pre-COVID levels, even as operations ‘normalize,’” said Stifel’s Stantial. Casino N B Hotel Zold Century’s namesake venues in riverwind casino slot machinesCape Girardeau and Caruthersville, Mo. are bolstering the case for the stock. As Stantial notes, second-quarter adjusted EBITDAR at those venues was double what it was in the same period in 2019, with slot and table game volumes at historically high levels. Century recently landed approval to bring the Caruthersville riverboat ashore, and is planning a large-scale hotel expansion at the venue.

Other Catalysts for Century StockWith . fanduel casino contact 2 million in cash and no debt maturities before 2026, Century could be a player in mergers and acquisitions in the US later this year — something analysts have discussed for some time. doubledown casino email borgata casino pennsylvania Those efforts and the company’s cash position could be enhanced by the planned sale of its Poland assets. free slot games without internet “We also see valuation accretive M&A catalysts (Poland sale near-term; U. poker casinos in florida S. foxwoods resort casino poker acquisitions long-term) and an attractive capital deployment opportunity in Missouri, which could help re-rate CNTY closer to regional operator peers,” adds Stantial. free slot games to play Is Ruby Slots Legit Hwax Austria The analyst says Century is talking with three suitors regarding the Poland casinos, and a sale will be accretive to the operator’s valuation. resorts casino online