morongo casino 401kWednesday’s transaction announcement is a key incremental positive, as it alleviates potential concerns about liquidity, avoids any long-term liabilities or dilution, and is cash flow neutral or accretive in the long-run,” said DeCree in a note to clients.Century Casinos (NASDAQ:CNTY) is selling its eponymous gaming establishment in Calgary, Canada for .In reiterating a “buy” rating on Century, Union Gaming analyst John DeCree said Century’s Calgary deal is one of the industry’s most creative since the coronavirus pandemic started.pechanga casino koreane most movie theaters remain closed, and sports are being held without fans.All of its casinos are once again open, with two exceptions — Zia Park Casino Hotel & Racetrack in New Mexico, and Tropicana Las Vegas.”Penn National Gaming operates 41 properties across 19 states.clearwater casino fireworks 2020

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santa ana casino light show”Penn National Gaming operates 41 properties across 19 states.is paying .The investment community is placing added emphasis on gaming industry balance sheets in the current environment, and DeCree added that Century parting with the Calgary casino for immediate cash is more prudent than borrowing capital at punitive interest rates, as some operators have during the pandemic.little river casino fruitportPenn additionally operates online gambling and mobile sports betting and holds a 36 percent stake in Barstool Sports.While the price tag is small by industry standards, the company is earning praise from one analyst.Second, Century Resorts Alberta, the unit of the operator that’s selling the Calgary casino, is retaining ownership of the sports bar, bowling, and entertainment amenities at the venue, and is keeping the real estate, meaning the buyer will be paying Century rent.blackjack online youtube

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food at wild horse pab casinoThe Calgary casino is one of our smaller operations, contributing .Winning FormulaPenn National Gaming’s portfolio diversity allowed it to better weather the COVID-19 storm.The investment community is placing added emphasis on gaming industry balance sheets in the current environment, and DeCree added that Century parting with the Calgary casino for immediate cash is more prudent than borrowing capital at punitive interest rates, as some operators have during the pandemic.Small Company, Big PotentialThe analyst sees Century as one of the best ideas among smaller gaming operators.The sale, which is expected to close in the fall of this year, must be approved by the Alberta Gaming, Liquor and Cannabis Commission.5 million out of one property isn’t too shabby for a company with a market capitalization of less than 0 million.choctaw casino jobs hiring