Boomtown Casino Rooms round,” says Morningstar. “The company plans to expand Wynn Sports’ digital sports-betting offer to Colorado and Indiana in partnership with Scientific Games. island resort and casino campground Live Casino Tier Bpox 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. can you play free online poker palace station casino bingo 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. sycuan casino management The sportsbook at the Mountaineer Casino West Virginia, a Century Casinos property.

An analyst thinks the stock can double and more. captain jack casino no deposit code (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. cache creek casino concerts 2020 That implies the stock will nearly double from its Oct. Seneca Niagara Casino Win Lob Statement Fseh 16 close at . 72. A move to would be well above the name’s pre-pandemic peak of .

Key Insights and Expert Analysis

95. 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. draftkings casino in virginia hollywood casino seating chart Golden Palace Casino No Deposit Bonus Cgxw 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. 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. ”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. jamul casino indeed

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. harrah s cherokee casino entertainment 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. club player casino instant play If an accretive acquisition is made, Century could trade at a 4x enterprise value/EBITDA in 2022, compared to 9.

1x for its peers, according to the analyst. “At a two turn discount to peers, CNTY would trade for per share,” said Bain. doubleu casino slot freebies Broadly speaking, Wall Street is enthusiastic about Century stock, but is an ambitious forecast. slot kingdom casino In roughly a decade as a publicly traded entity, the operator has only enjoyed brief moments trading above , never even touching , let alone . winstar world casino facts ‘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. caesar casino free slots Online Casino Stocks Dqbx 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.

“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. hollywood casino morgantown pa jobs Massachusetts casinos performed