four winds casino valet parkingShares of Century Casinos, Inc. (Image: Booking.com)In a note provided to Casino.org, Macquarie gaming and leisure analyst Chad Beynon started coverage of Century Casinos with an “outperform” rating and an price target, implying upside of more than 25 percent from the shares trade at this writing.Century recently completed purchases of the Mountaineer Casino Racetrack and Resort in West Virginia and the Isle Casino Cape Girardeau and Lady Luck Casino – both in Missouri – from Eldorado Resorts Inc. (Image: Booking.com)In a note provided to Casino.org, Macquarie gaming and leisure analyst Chad Beynon started coverage of Century Casinos with an “outperform” rating and an price target, implying upside of more than 25 percent from the shares trade at this writing.Century recently completed purchases of the Mountaineer Casino Racetrack and Resort in West Virginia and the Isle Casino Cape Girardeau and Lady Luck Casino – both in Missouri – from Eldorado Resorts Inc. seneca niagara casino hotel phone numberBeynon believes the three properties acquired from Eldorado Resorts could add as much as 21 cents per share in FCF for Century.With a solid balance sheet, the company could pursue other acquisition opportunities that could expand its domestic portfolio.“With traditional leverage at ~2.2x (lease-adjusted of 4.1xmy choice casino st louis), CNTY still has M&A opportunities, particularly if they choose to partner with a real estate investment trust,” said Beynon. Benyon says the gaming company is attractively valued relative to its peer group.CNTY currently trades at 6.3x/5.6x our 2020/21E EBITDA compared to peers trading at 8.6x /7.9x and <0M market cap companies at ~7.5x,” said the analyst. “Sports could provide ~3-10% growth.”Other CatalystsHeading into 2020, Century has multiple tailwinds, including the ability to bolster free cash flow (FCF). blackjack casino 777

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poker jack casino(NASDAQ:CNTY) rallied Thursday after an analyst initiated coverage of the micro-cap company with a bullish rating, noting that the operator of two Colorado casinos is among the most attractively valued in the regional gaming space. Shares of Century Casinos, Inc.  have been voicing their frustrations with the Rio casino for years. borgata nj casinoMGM Resorts International is hoping to gain traction with dog lovers, expanding its dog-friendly policy at select properties so guests can bring their furry friends wiHowever, with taxes and the daily resort fee, the nightly cost comes to 5.However, with taxes and the daily resort fee, the nightly cost comes to 5.no deposit bonus lucky tiger casino

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island view casino in gulfport mibibippiBeynon believes the three properties acquired from Eldorado Resorts could add as much as 21 cents per share in FCF for Century.With a solid balance sheet, the company could pursue other acquisition opportunities that could expand its domestic portfolio.“With traditional leverage at ~2.2x (lease-adjusted of 4.1xmy choice casino st louis), CNTY still has M&A opportunities, particularly if they choose to partner with a real estate investment trust,” said Beynon. “This is, in part, due to the 7m acquisition of three mature Eldorado Resorts properties.”Some analysts recently argued that Century’s move to acquire those properties, significantly expanding the company’s US footprint outsimy choice casino st louisde of Colorado, hasn’t been adequately reflected in the stock price.A Good DealWith a capitalization of just under 1 million, Century Casinos stock dwells in micro-cap territory, a market segment that often trades at premium valuations because of its higher growth prospects. “With new ownership now in place at the Rio and the expected change in ownership with Eldorado, we will have to understand the goals and vision of these stakeholders and its impact on the venue for future WSOPs.”During the 2019 WSOP, complaints weren’t only in regards to the Rio’s desperate need of a refresh or full-out renovation. Crime was also reported, with poker pro Joe Sal alleging that he was robbed at gunpoint in the resort’s garage.Another player said he, too, was robbed in the parking structure. (NASDAQ:ERI), a move applauded by Beynon.Over the last ten years, CNTY doubled the company’s earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR) (EBITDAR) in 2015 and will again in 2020, in our view,” said the Macquarie analyst. “Sports could provide ~3-10% growth.”Other CatalystsHeading into 2020, Century has multiple tailwinds, including the ability to bolster free cash flow (FCF). seminole casino florida