2024.07.12
little river casino veterans18. 18. 31.Removing Overhang, Potential Catalyst for CenturyShould the gaming company divest its Poland interests, it could be a catalyst for the stock and remove negative overhang, according to one analyst.“Not only would a Poland exit remove a long-standing perception overhang, but we believe proceeds could also be put back into use acquiring assets in the higher multiple and more shareholder-friendly US regional market,” said Stifel analyst Steven Wieczynski in a note. choctaw casino whiskey myersThe company operates 2,150 historical horse racing machines throughout Virginia at seven off-track betting locations, plus its Colonial Downs racetrack.The Cordish Companies, based in Baltimore, has additionally expressed interest in Richmond. (Image: Colorado Springs Gazette)The Colorado-based gaming company owns 66.6 percent of an entity known as Casinos Poland Ltd., which runs eight gaming properties in that country. Bristol received 71 percent support, Danville 69 percent, Portsmouth 67 percent, and Norfolk 65 percent.south lake tahoe casino news live casino table gamesriverwind casino slot machinesBristol received 71 percent support, Danville 69 percent, Portsmouth 67 percent, and Norfolk 65 percent.31.Removing Overhang, Potential Catalyst for CenturyShould the gaming company divest its Poland interests, it could be a catalyst for the stock and remove negative overhang, according to one analyst.“Not only would a Poland exit remove a long-standing perception overhang, but we believe proceeds could also be put back into use acquiring assets in the higher multiple and more shareholder-friendly US regional market,” said Stifel analyst Steven Wieczynski in a note. Convergence and the EDA will review each, and ultimately pick a winner.The Pamunkey Indian Tribe has publicly stated that it will bid in Richmond. mohegan sun casino in pennsylvania18. “We estimate a sale of CNTY’s Poland exposure could be 15 percent accretive to the shares, big fish casino how to make moneyassuming a 5x sale multiple and 0.5x of core multiple appreciation.”In the third quarter, the Poland operations accounted for four percent of Century’s earnings before interest, taxes, depreciation and amortization (EBITDA). 18. cool cat casino group thunder valley casino night clubroulette casino techniqueCity officials said the development of such magnitude deserved a more careful review and planning.Next November, if a simple majority of Richmond voters back the casino, Virginia will have legalized five commercial casinos.The four casino referendums last November all easily passed. However, the company still warned property closures would adversely impact its results through the first half of 2021.Wieczynski forecast that the Poland casinos would account for just eight percent of Century’s earnings before interest, taxes, depreciation, amortizaThe operator announced the talks yesterday in a Form 8-K filing with the Securities and Exchange Commission (SEC).Century Casinos disclosed that it is in preliminary discussions with Totalizator Sportowy, Poland’s state-run gambling operator, regarding a potential sale of its interest in Casinos Poland,” according to the regulatory document.The company said a definitive agreement hasn’t been reached, and that there are no assurances a transaction will be consummated.In December, the gaming company said it was shuttering its casinos in Poland, with the expectation that the venues would reopen on Jan. “We estimate a sale of CNTY’s Poland exposure could be 15 percent accretive to the shares, big fish casino how to make moneyassuming a 5x sale multiple and 0.5x of core multiple appreciation.”In the third quarter, the Poland operations accounted for four percent of Century’s earnings before interest, taxes, depreciation and amortization (EBITDA). The company operates 2,150 historical horse racing machines throughout Virginia at seven off-track betting locations, plus its Colonial Downs racetrack.The Cordish Companies, based in Baltimore, has additionally expressed interest in Richmond. The area is located just south of the downtown capital area across the James River.Colonial Downs Group is another interested party. caesar casino ac doubledown casino on twitter |