The Hard Rock Casino Atlantic City round,” says Morningstar. “The company plans to expand Wynn Sports’ digital sports-betting offer to Colorado and Indiana in partnership with Scientific Games. More recently, Wynn tied up with GAN, an Internet gambling software supplier, allowing the latter to provide the platform for Wynn’s online sports betting and casino gaming. ” Regional gaming company Century Casinos is on a tear from its March lows, surging nearly 466 percent over that span. casino z no deposit bonus code But at least one analyst believes the stock has much more upside ahead, particularly if a “transformative” acquisition comes to pass over the next several months. The sportsbook at the Mountaineer Casino West Virginia, a Century Casinos property. An analyst thinks the stock can double and more. Harrah S Casino Vicksburg Mibibippi Ttpi

(Image: WTRF)In a note to clients last Friday, Roth Capital analyst David Bain reiterated a “buy” rating on Century with a 12-month price target. choctaw casino idabel the online casino sites That implies the stock will nearly double from its Oct. is morongo casino 18 to gamble is santa claran casino open 16 close at . casino golden palace razon social 72. 99 Slot Machines Free No Deposit Bonus Infi A move to would be well above the name’s pre-pandemic peak of . 95. casino near me with table games Colorado-based Century operates gaming properties in its home state, Missouri, and in West Virginia, and has international venues in Canada, Poland, and in the UK. cache creek casino concerts

Key Insights and Expert Analysis

However, the operator recently sold a Canadian asset, and Bain believes the company can turn its revenue mix to 80 percent US/20 percent Canada by 2022 with some smart acquisitions. online slots real money australia Clearwater Casino Hotel Deals Qgwk Century is in unique position to benefit from an unprecedented number does morongo casino allow 18 year oldsof marketed, underpriced gaming assets,” said the analyst. “We calculate CNTY could comfortably acquire a million earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR) US gaming asset with little to no equity capital consideration. riverwind casino deals ”Translation: Bain believes the operator can purchase a rival without having to shell out equity, which is preferable for investors, because when companies issue new stock, current shareholders are diluted. The Road to As of the Oct. 16 close, Century has 3. 62 million market capitalization, so even if it doubles in value, as Bain believes it can, it’d still be a small-cap stock. queen spins casino no deposit bonus

Under any circumstances, a stock doubling is impressive, but approaching a quadruple is obviously moreso. That could be the case for Century, as Bain sees a road for the name possibly surging to , an undoubtedly impressive feat considering this was a name at its March nadir. If an accretive acquisition is made, Century could trade at a 4x enterprise value/EBITDA in 2022, compared to 9. 4 winds casino seminole casino 4th of july 1x for its peers, according to the analyst. “At a two turn discount to peers, CNTY would trade for per share,” said Bain. hotels near mohegan sun pocono casino Broadly speaking, Wall Street is enthusiastic about Century stock, but is an ambitious forecast. jamul casino lost and found In roughly a decade as a publicly traded entity, the operator has only enjoyed brief moments trading above , never even touching , let alone .

‘Transformative’ Deal Cdoes morongo casino allow 18 year oldsould HappenWhile Century is one of the smallest publicly traded gaming outfits in the US, its management team has a reputation for making shrewd deals, and Bain believes another such acquisition could be in the works, saying a “transformative” transaction could be unveiled over the next six months. The analyst notes the combination of larger gaming enterprises either grappling with issues stemming from the COVID-19 pandemic, working to strengthen finances, focusing on iGaming and sports betting, or all of the above, is leaving some assets underpriced, perhaps positioning a company like Century to strike. online casino real money bonus no deposit “CNTY is one of a handful of companies with the balance sheet capability to pursue such assets, which combined with a proven M&A record/management and portfolio, that such an acquisition could leapfrog its current stock multiple/shareholder base, in our view,” said Bain. Cliff Castle Casino Hotel Reviews Tckk Massachusetts casinos performed