2024.07.19
chukchansi casino hostCentury Casinos (NASDAQ:CNTY) revealed it’s in discussions to sell its Poland gaming venues. (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. 18. harrah s cherokee casino and resortThe small tribe has already won the gaming rights in Norfolk and is building a 0 million casino there in a partnership with billionaire Jon Yarbrough.The Native American tribe has expressed its plans to construct a 0 million gaming property in Richmond in the Manchester neighborhood. 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. 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, amortizapa online casino apps harrah s casino biloxi mscaesar s empire casinoThe 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. The entrance to one of Century’s Colorado casinos. Today, the building features 240,000 square feet of office space, 122 apartments, and an 800-space parking lot.Cordish is amid a legal fight in Norfolk regarding the city picking the Pamunkey Tribe for its casino. online casino no deposit bonus december 202031.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. 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, amortiza(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. casino slot machine sound effects free download casino stocksfanduel sportsbook at motorcity casino hotel18. Now through February 22, companies interested in pitching the city can submit casino presentations. , master planning, and strategy development.The EDA has up to 0,000 to spend on consultant fees for the casino project.Danville, Virginia, also hired Convergence to help it select a casino partner. The area is located just south of the downtown capital area across the James River.Colonial Downs Group is another interested party. Cordish, which invested million to rehabilitate Norfolk’s Waterfront District in 2013, says its contract with the city says it would receive gaming privileges should Virginia ever move to legalize commercial gambling.Delayed Casino Time LineVirginia’s gaming law signed by Gov. Now through February 22, companies interested in pitching the city can submit casino presentations. brian christopher slots daily free casino slots no deposit required |