2024.07.19
food at desert diamond casinoCentury Casinos (NASDAQ:CNTY) is temporarily shuttering its eight gaming properties in Poland. But given the company’s penchant for selling regional venues to smaller operators with less brand recognition, there should be more opportunities for licensing revenue via either the label or Caesars Rewards.The Colorado-based gaming company said the closures will hamper its financial results into 2021.The COVID-19 situation continues to evolve rapidly, and it currently appears that due to the pandemic’s current scope it will adversely impact the company at least through the first half of 2021,” according to a statement issued by the operator.Despite the announcement that the Poland closures will weigh on financials, shares of Century are higher in early trading, extending a run in which the regional gaming name is up nearly 16 percent in the fourth quarter.Poland Important Part of Century Stock ThesisGamblers and investors alike aren’t going to confuse Poland with Las Vegas. slot machine in casinoThat name and Wynngold coast casino japanese restaurant are hot ideas among gaming stocks for 2021. 18. But given the company’s penchant for selling regional venues to smaller operators with less brand recognition, there should be more opportunities for licensing revenue via either the label or Caesars Rewards.harrah s casino slot machines live casino dccashman casino slotThe travel and leisure industry was bludgeoned by the coronavirus pandemic this year. One of Century’s two casinos in Missgold coast casino japanese restaurantouri. 13 through Dec. wild horse casino azCaesars Palace Las Vegas. (Image: Kait8)The shutdowns go into effect today at 11:59 p.m local time and will run through Jan. That name and Wynngold coast casino japanese restaurant are hot ideas among gaming stocks for 2021. harrah s casino in san diego fanduel casino app storenearest casino to los angelesThe Colorado-based gaming company said the closures will hamper its financial results into 2021.The COVID-19 situation continues to evolve rapidly, and it currently appears that due to the pandemic’s current scope it will adversely impact the company at least through the first half of 2021,” according to a statement issued by the operator.Despite the announcement that the Poland closures will weigh on financials, shares of Century are higher in early trading, extending a run in which the regional gaming name is up nearly 16 percent in the fourth quarter.Poland Important Part of Century Stock ThesisGamblers and investors alike aren’t going to confuse Poland with Las Vegas. Soon thereafter, the stock plunged 39 percent in a single day when Century said it was halting operations at its Polish venues. Century holds a 66.6 percent stake in in Casinos Poland Ltd., the operator of its gaming properties in the country.As of Dec. 27, Poland has 1.26 million confirmed cases of COVID-19 and 27,118 deaths. That after 10,000 doses of the Pfizer/BioNTech coronavirus vaccine arrived last weekend.Dealing with Other RestrictionsPoland isn’t the only market in which Century is grappling with another round of coronavirus restrictions. (Image: Bloomberg)Some market observers are wagering gaming stocks, which are already topping cruise operators and hotel equities, will continue doing so in 2021, with names such as Caesars Entertainment (NASDAQ: CZR) and Wynn Resorts (NASDAQ:WYNN) best positioned to capitalize on COVID-19 vaccines coming to market, and pent-up demand trends.Some analysts are more bullish on leisure than corporate travel, the latter of which is a major contributor triversweeps online casino bet777 online gambling 21 |