2024.07.08
mgm grand casino stockThat prompted at least one analyst to say there’s more upside available with the already hot shares. The 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. Those efforts and the company’s cash position could be enhanced by the planned sale of its Poland assets.“We also see valuation accretive M&A catalysts (Poland sale near-term; U.S. my choice casino locationsThat prompted at least one analyst to say there’s more upside available with the already hot shares. The 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. 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. michael jackson free slot games cache creek casino new years eve 2020harrah s cherokee casino covid 19 rulesIts Poland venues reopened in latfree slot games heart of vegase May, followed by some of its Canada casinos on June 10. 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.As expected, Chicago officials announced on Friday afternoon that the deadline to submit proposals for the city’s planned casino has been extended by more than nine weeks. tachi palace hotel and casino phone numberIn the case of Century, it appears as though the company can operate in leaner fashion as business normalizes. Those efforts and the company’s cash position could be enhanced by the planned sale of its Poland assets.“We also see valuation accretive M&A catalysts (Poland sale near-term; U.S. 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 Girfree slot games heart of vegasardeau and Caruthersville, Mo. hotel y casino bellagio choctaw casino durant sky towerclearwater casino hotel lewiston idaho(Image: KFVS12)The Colorado-based operator reported adjusted earnings before interest, taxes, depreciation and amortization of .2 million on net operating revenue of .2 million for the June quarter. Century Casinos’ Cape Giraradeau, Mo. (Image: Chicago Mayor’s Office/Facebook)The new deadline is Oct. On Friday afternoon, the mayor announced the deadline to submit a proposal for the city’s casino opportunityfree slot games heart of vegas has been extended until Oct. ition on behalf of the workers who filed NLRB complaints that Red Rock’s action were “so serious and substantial in character” that a fair election in the future cannot be held. Chicago Mayor Lori Lightfoot speaks at a July 15 groundbreaking for a new park facility. free casino slots penny blackjack online 21 |