2024.07.17
borgata casino mask policyThe second quarter ended on June 30.CNTY’s international assets were closed for most of Q2, though initial results post-opening outpaced expectations, while regional gaming demand in the US remained robust,” said Stifel analyst Jeffrey Stantial in a note out Friday. “Strength in the consumer, in the US and international appears to have continued into July, though visibility thereafter remains limited as savings/stimulus potentially unwind.”Stantial rates Century a “buy” with a price target, implying upside of 38.7 percent from the Aug. Century Casinos’ Cape Giraradeau, Mo. harrah s cherokee casino phone number“Strength in the consumer, in the US and international appears to have continued into July, though visibility thereafter remains limited as savings/stimulus potentially unwind.”Stantial rates Century a “buy” with a price target, implying upside of 38.7 percent from the Aug. On Friday afternoon, the mayor announced the deadline to submit a proposal for the city’s casino opportunitycasino near me directions has been extended until Oct. venue. riverwind casino jobs norman ok ruby slots casino sign up bonuscache creek casino twitterWall Street is excited about the stock. Century Casinos (NASDAQ:CNTY) stock soared 22.12 percent this week after the regional gaming company easily surpassed second-quarter earnings and revenue estimates. Century Casinos’ Cape Giraradeau, Mo. harrahs online casino no deposit bonusare bolstering the case for the stock. That prompted at least one analyst to say there’s more upside available with the already hot shares. 6 close. slot machine jackpot casino games admiral casino kilmarnockplay free slots without downloading6 close. That could be to the benefit of shareholders.“Management’s commentary on sustainable operating trends was encouraging, as they believe most changes made to the operating cost structure should prove permanent, with adjusted EBITDA remaining well above pre-COVID levels, even as operations ‘normalize,’” said Stifel’s Stantial.Century’s namesake venues in Cape Gircasino near me directionsardeau and Caruthersville, Mo. As Stantial notes, second-quarter adjusted EBITDAR at those venues was double what it was in the same period in 2019, with slot and table game volumes at historically high levels.Century recently landed approval to bring the Caruthersville riverboat ashore, and is planning a large-scale hotel expansion at the venue.Other Catalysts for Century StockWith .2 million in cash and no debt maturities before 2026, Century could be a player in mergers and acquisitions in the US later this year — something analysts have discussed for some time. Adjusted earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR) beat the consensus estimate by 36 percent.Century’s impressive results underscore strength in the company’s US operations, because its casinos in Canada and Poland — two of its marquee international markets — were shuttered for most of the quarter. acquisitions long-term) and an attractive capital deployment opportunity in Missouri, which could help re-rate CNTY closer to regional operator peers,” adds Stantial.The analyst says Century is talking with three suitors regarding the Poland casinos, and a sale will be accretive to the operator’s valuation.That could be to the benefit of shareholders.“Management’s commentary on sustainable operating trends was encouraging, as they believe most changes made to the operating cost structure should prove permanent, with adjusted EBITDA remaining well above pre-COVID levels, even as operations ‘normalize,’” said Stifel’s Stantial.Century’s namesake venues in Cape Gircasino near me directionsardeau and Caruthersville, Mo. thunder valley casino ca bellagio casino host |