Santa Ana Casino Albuquerque 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. mychoice casino reddit are there any free slot games I don’t want that, and neither do all of you,” Sisolak warned last week. Las Atlantis Casino Ndb Ksxc 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. The Number To Cache Creek Casino Pwga (Image: Yellow Pages Canada)Shares of the small-cap regional gaming company are higher by 8.
32 percent in midday trading. number for sycuan casino That’s after Stifel analyst Brad Boyer reiterated a “buy” rating on the stock while boosting his price forecast to from . free casino slot games with no download or registration The new target implies the stock could nearly double from last Friday’s close. No Deposit Bonus Casino Bonus Codes Ybuh The stock is up 32. 11 percent over the past month, good for one of the best performances in the gaming industry. foxwoods resort casino 301 at new hampshire motor speedway
Key Insights and Expert Analysis
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. foxwoods resort casino sugar factory 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. brian christopher slots atlantic city clearwater casino sports betting 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. 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. online casino no deposit bonus canada
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. 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. online casino no deposit bonus 2021 usa
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. black oak casino gas station “Looking ahead, we expect that as revenues continue to recover, margins will gradually compress from initial post-COVID levels. free online poker training Our target price moves to ( prior), reflecting the output of our revised 22E sum-of-the-parts analysis,” said Boyer. jupiters casino gold coast queensland Las Vegas Sands (NYSE:LVS) and Wynn Resorts (NASDAQ:WYNN) are among the gaming equities with Macau exposure rallying Monday. h town casino events
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